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Economic capital management of top-ranked world banks
Vejdovec, Ondřej ; Teplý, Petr (advisor) ; Baruník, Jozef (referee)
The thesis is focused on economic capital management of top-ranked world banks. A basic theoretical framework is summarised at the beginning. The theoretical framework is then utilised in the main - empirical part. Since economic capital is not a figure commonly reported in any available database, we have created our own database based on annual reports of top fifty world banks of the year 2008. Based on this database we provide an extensive empirical study focused on years 2007-2010. Even though one third of the banks disclose economic capital only, thanks to our approach combining both quantitative and qualitative analysis we were able to study the topic in detail. Within quantitative part the development of economic capital and its allocation is studied, the differences between regulatory and economic capital in time is measured, a relationship between quality of economic capital disclosure and rating is searched for and relationship between the value of economic capital and changes in profits during financial crisis is studied. The qualitative part consists of case studies of fourteen banks. It is focused on special and unique features of economic capital management of individual financial institutions.
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Outward FDI in the Czech Republic
Vejdovec, Ondřej ; Kopalová, Helena (advisor) ; Tyll, Ladislav (referee)
Foreign Direct Investment (FDI) is one of the most important topics for small open economies such as the Czech Republic. Inward FDI played very important role during the transition and it was probably one of the key factor which helped to succeed. There were several interesting papers written about the impact on the host economy. As the Czech economy grows, local market becomes too small for some of the Czech successful companies, which means that that outward FDI are more and more important. In this thesis, we have focused on the development of Czech outward FDI, its key determinants and structure by regions and industries. We have also compared Czech outward foreign direct investment with other countries from CEE region. Last part of the thesis is devoted to the support of Czech outward FDI from the state.
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