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An Interrelationship Between Stock Indices
Křepelová, Marika ; Pánková, Václava (advisor) ; Ráčková, Adéla (referee)
This work analyzes an interrelationship between stock indices S&P 500, FTSE 100, DAX, HSI, Nikkei, BSI and PX in a time period from September 2004 till March 2010. Such an interrelationship has already been examined and a dominating position of American indices has been found. This influence was stronger during a financial crisis. Because the examined time period covers both financial crisis and the period before, the work studies their interrelationship in the whole period and at the end in the time period before financial crisis. The influence of one stock index on the other can be cause by several factors: (i) dominance of influencing stock index, (ii) efficient market and (iii) financial crisis. As the reaction of stock index is evoked from new information, the intention of this work is to take into account nonsychronous trading of stocks exchanges. Therefore I explored those exchange stocks closing earlier than the others start in two ways by respecting the time lag and by non-respecting the time lag. The interrelationship between the indices was modeled with help of VAR models and proved by Granger causality test.
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Effective corporate governance in times of economic uncertainty
Žídek, Jan ; Matuštík, Ondřej (advisor) ; Oškrdal, Václav (referee)
As a result of the financial crisis are companies forced to face uncertainties which significantly affect corporate governance. Companies have many ways how to face this issue. This work is focused on the possibility of using modern system Corporate Performance Management. The first part describes the impact of financial crisis on the Czech economy, business environment and are being defined most characteristic uncertainties, businesses must address. In this section is also mentioned the historical development of information technology and management information systems, which are closely linked with the managerial decision-making and enterprise management. In next section of the work are mentioned reasons of emergence of Corporate Performance Management, being described the basic principles of continuity with Business Intelligence and are being defined methodologies, metrics, processes and technology. Based on the study of literature has been chosen model of strategic management principles the Balanced Scorecard within which have been defined the mission and vision of companies located in times of certainty and uncertainty. Also were established strategic objectives of both different situations whit which were applied of appropriate metrics. Another part is focused on process of business planning reflected again in different situations certainties and uncertainties. Being mentioned theoretical facts associated with the basic management disciplines and are created by different planning models. In conclusion it is mentioned the question of implementation, the mapping of the largest providers of modern solutions and are being set trends for future years.
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The budgetary process in small municipalities
Aberlová, Eva ; Sedmihradská, Lucie (advisor) ; Kubík, Rudolf (referee)
The thesis deals with the budgetary process and with the specific situation of small municipalities. The small municipalities are defined to be municipalities with less than one thousand residents, which are not further divided into individual departments. The budgetary process is outlined based on an example of a particular municipality in the region of Karlovy Vary. At the same time some differences compared to the previous development are highlighted as in 2009 the economic position of the local municipalities was affected by the impacts of the financial crisis. Finally, the recommendations are provided both to the particular municipality and to the general approach to the budgetary process as such.
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Current trends in automobile industry (with focus on Skoda Auto company)
Jílková, Šárka ; Vošta, Milan (advisor) ; Kašpar, Václav (referee)
Thesis analyzes current trends, which take place in automobile industry and attends to Skoda Auto company more deeply. First chapter provides theoretical base, characterizes position of automobile industry in the world economy and the most important changes in its development. Second chapter attends to three traditional centres and current trends, which take place on them, furthermore analyzes current trends from global point of view, impact of the world financial crisis and submits possible future development of this branch. Third chapter describes Skoda Auto company, especially current situation of this automobile company and its possible future development.
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The International Monetary Fund and its role in Financial crisis
Palková, Zuzana ; Jiránková, Martina (advisor) ; Nováková, Jana (referee)
This bachelor thesis analyses Fund's activity in financial crises and aims to review the effectiveness of the IMF. In the first part there is introduction of the IMF. Its structure, financial resources and instruments which are used in solution of crises are described. In the second part, there is analysis of Fund's role in the selected crisis of 90th - Mexican crisis, crisis in south-east Asia and crisis in Argentina. In analyses, there is always stated a characteristic of the crisis and then evaluation of the role of the IMF. Emphasis is placed on criticism that the IMF's measures have evoked. In the last chapter there is briefly stated the current financial crisis and Fund's participation in it. The thesis also outlines future development of the IMF.
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Fiscalisation of expenses of financial crises
Buryánek, Pavel ; Dvořák, Pavel (advisor) ; Fantová Šumpíková, Markéta (referee)
The main goal of this thesis is to describe and analyse methods, which were used by countries affected by the Asian financial crisis to resolve related problems and also analyse how these solutions affected public debt. For this purpose I chose three Asian countries, Thailand, Indonesia and South Korea. These countries have one in common, their governments decided to establish Asset Management company to resolve problems of bank sector. This thesis describes how they were successful in their aspirations and fallout of financial crises on choosen countries.
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Financial Crisis in Iceland
Rosínová, Ivana ; Dvořák, Pavel (advisor) ; Votava, Libor (referee)
The diploma work deals with the problems of financial crises, concretely with the Icelandic financial crisis in 2008. The main target of the work is to describe the course, the causes and the consequences of the financial crisis. The fundamental informations about the financial crises are summarized in the theoretical part. The descriptive part deals with the development of the icelandic economy before crisis and with the course of the financial crisis. The final part is devoted to the analysis of the icelandic financial crisis, for that is used the general model of systemic financial crises.
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Analysis of anti-crisis measures with the help of basic tools of economic theory
Marholtová, Lenka ; Fantová Šumpíková, Markéta (advisor) ; Dvořák, Pavel (referee)
The theoretical part describes and summarizes the causes and consequences of the crisis for the world especially for the ČR. It also describes the measures that should help the Czech Republic to cope with the crisis. The main point of the practical work is based on the planting of anti-crisis measures described in the theoretical part of the economic models and interpretation and prediction of the economic situation after the action. The main contribution of this work is mainly in the fact that after reading the reader should be able to understand what the implications might be measures for the economy of the ČR.
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Optimalization of medium-sized enterprise‘s behavior and structure in conditions of financial and economic crisis
Vránková, Anna ; Svobodová, Ivana (advisor) ; Kopecký, Zdeněk (referee)
My diploma thesis deals with the problem of financial and economical crisis and its impact on economy of medium-sized enterprise (MSE). First part defines the crisis phenomena themselves and discusses their upraise in the USA following by their expansion into the rest of of the world. Major part of my work addresses the situation in the Czech Republic, primarily the analysis of impacts onto the MSE. Another part of my work is a questionnaire research within the company employees. Company's effectiveness and efficiency evaluation are based on the research results. Concluding part proposes particular solutions and procedures suitable for the economical situation improvement of this particular MSE.
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