National Repository of Grey Literature 6 records found  Search took 0.01 seconds. 
Brexit and mutual trade between the Czech Republic and the United Kingdom
Vosmanský, Jakub ; Dědek, Oldřich (advisor) ; Palanský, Miroslav (referee)
This bachelor thesis deals with the current issue of leaving the United Kingdom of Great Britain and Northern Ireland from the European Union, assesses the possible impact of Brexit on mutual trade between the Czech Republic and the United Kingdom and evaluates its possible impact on the Czech economy. After a brief overview of the history of the UK membership in the EU, a description of the complicated EU and UK negotiations follows. Another chapter deals with some studies and analyzes evaluating the impact of Brexit on the British economy. The following discussion concerns negotiated Withdrawal Agreement and some possible EU-UK mutual relation models after finishing the transition period - membership in the European Economic Area (Norwegian model), negotiation of a free trade agreement (Swiss model, Canadian model), withdrawal without agreement (hard Brexit). The UK is one of the most important export partners of the Czech Republic, which results from the evaluation of mutual trade exchange data. In the final part, this thesis examines the possible influence of the decline of the British economy consumption on GDP of the Czech Republic using the Input- Output analysis and evaluates the potential impact of Brexit on the mutual trade between the Czech Republic and the UK in the automotive industry....
Does donating to political parties pay off? Evidence from the Czech Republic
Navrátilová, Alice ; Palanský, Miroslav (advisor) ; Semerák, Vilém (referee)
According to the existing literature, political connections can lead to favouritism towards the connected companies. This thesis approximates connections through donations to political parties and analyses their effect on the value of public procurement administered by Czech Ministries between 2007 and 2017. Donations from legal entities are used along with contributions from natural persons who are matched with companies' officials to account for the possibility of masking the real identity of donors. We analyse the impact of donations on procurement from three perspectives. Firstly, we focus on donations made to parties with the largest representation in government, but do not find that firms connected to these parties win more favourable procurement contracts. We then extend the analysis to include other political parties present in the Chamber of Deputies during the examined period and each election term is assessed separately. The results suggest that donating firms received contracts of higher value than non-donating firms during two of the three election periods. Finally, we develop a novel panel-based approach with the aim to determine whether there exists a causal relationship between political connections and public procurement. The results show that connections to political parties...
Misalignment of Profits and Economic Activity by Multinational Enterprises
Cimpová, Dominika ; Janský, Petr (advisor) ; Palanský, Miroslav (referee)
This thesis analyses the profit shifting behaviour of U.S. multinational companies using panel data set over the period 1983 - 2015. The main objective of the thesis is to com- pute the extent of misalignment between reported profit and real economic activity and consequential revenue losses caused by profit shifting and to estimate the effect of tax rates on profit shifting behaviour. Using country-level aggregated data published by the Bureau of Economic Analysis I found a substantially increasing trend in the misaligned profit reaching 540 bn US$ in 2015 which is accompanied with tax revenue losses 190 bn US$ in missing profit countries. Majority of the misaligned profit is reported in a small number of jurisdictions with near zero tax rates such as Netherlands, Ireland and Luxem- bourg. Additionally, I found a significant negative effect of tax rate on misalignment in the recent years, however, only negligible effect at the beginning of the examined period. Results suggest that 1% increase in the statutory tax rate can cause 2.5% growth in the magnitude of misalignment. My findings are consistent with the existing literature. Ac- cording to the analysis it can be concluded that despite numerous attempts for prevention of profit shifting, it is becoming more serious problem than ever before.
Efficiency of export financing in the world
Czakojová, Kristýna ; Vozková, Karolína (advisor) ; Palanský, Miroslav (referee)
This thesis deals with efficiency of export financing in the Czech Republic and in the world. Three basic institutional forms of export credit agencies are analyzed in the thesis. Each of the countries represents one particular institutional form, specifically the Czech Republic (bank and insurance company), the United Kingdom of Great Britain and Northern Ireland (only insurance company) and the United States of America (eximbank). The research is done in the data over the years 2005-2015. We use the gravity model of international trade in the study. It was found by employing empirical analysis that the most effective export credit agency is the dual system of export promotion in the Czech Republic. In addition, a positive effect of GDP on export was detected. Moreover, distance has a negative influence on export except for one estimate. Both of these findings were expected to be identified within the gravity model. 1
The Value of Political Connections: Evidence from the Czech Republic
Palanský, Miroslav ; Janský, Petr (advisor) ; Gregor, Martin (referee)
The Value of Political Connections: Evidence from the Czech Republic Miroslav Palanský Abstract This thesis estimates the value of political connections in the Czech Republic and it is divided into two parts. The first one explores the recently extended, most advanced publicly available data set on political party financing in the Czech Republic, covering the time period 1995-2015. We analyze basic patterns in party funding and their development over time. We focus primarily on private funding from both legal and natural persons. The data show that there exists substantial heterogeneity in the volume of private funding across parties and over time, but contributions from the government budget remain the most important source of income for all larger parties. We analyze the available data on donations and discuss several issues regarding the notion that donors may view contributions as investment, yielding possible profits in the future. In the second part, we use the data set of corporate donations to construct a proxy variable for political connections and to estimate the effect of being connected to a political party on the financial performance of such firms. We find that the connected firms perform significantly better than the non- connected ones in the years following the establishment of the...
Political Connections and Public Procurement: Evidence from the Czech Republic
Palanský, Miroslav ; Janský, Petr (advisor) ; Soudek, Jan (referee)
According to the existing literature, political connections can add value to the connected firms. This thesis analyzes whether political connections created by donations to political parties affect the allocation of public funds through procurement spending in the Czech Republic. Using a novel dataset on all corporate political contributions made between 2006 and 2013, it focuses on the extreme change in control of the regional councils following the 2008 elections. We start by observing the general patterns of behavior of regional governments as contracting authorities which seem to support the potential of corruption. In the second part, we focus on the effects of donations to the two most powerful political parties in the regional councils during the examined period on regional public procurement outcomes. The applied econometric methods suggest that donating companies win public contracts of higher value compared to non-connected firms in times when their supported party is in power. Controlling for the size of the firms, the results remain significant and confirm the notion that larger companies win contracts of higher value than smaller firms. Powered by TCPDF (www.tcpdf.org)

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