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Networking
Francová, Tereza ; Bedrnová, Eva (advisor) ; Buriánek, Jiří (referee) ; Rymeš, Milan (referee)
The thesis focuses on the networking topic. The networking is defined and compared to other terms that are often used as a synonym, e.g. social capital. Three contexts are researched. The first study aims networking online, its specifics, advantages and possible risks. The second part studies selected correlations of networking activities of University of economics alumni. The third study searches out the networking activities and standards of Czech managers in the field of finance. The results are connected with the possible usage in both fields, the one of university education and management too.
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Analysis of impact of the credit derivatives market on current financial crisis and capital adequacy of the american banking holdings
Baigarin, Nadir ; Musílek, Petr (advisor) ; Revenda, Zbyněk (referee) ; Sosík, Petr (referee)
This dissertation analyzes key features of credit derivatives market, basic risks of the products and trends the market has experienced for several years since its inception, discusses regulatory issues of the market with regard to the Basel II treatment and key reasons for investors using credit derivatives. Dissertation also examines whether and how credit derivatives affected current financial turmoil, analyzes credit derivatives losses of selected institutions on the financial markets and compares them with total losses of these institutions. The main result of the work is that there was no substantial effect of the credit derivatives market on the current financial crisis. Dissertation also examines whether there is any connection between U.S. banks credit derivatives trades and their capital adequacy ratio. According to the analysis, there is no evidence for credit derivatives to essentially affect capital adequacy ratio of U.S. banks. A potential explanation for the higher values of U.S. banks' capital adequacy ratio may be that there are sophisticated risk management strategies banks have been implicating for many years.
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Specifics of Project Team Managing and Development in IS/ICT
Hamza, Jan ; Pavlica, Karel (advisor) ; Bláha, Jiří (referee) ; Pour, Jan (referee)
Project management is now the basis for the activities of most companies, whether local or multinational, regardless of the sector in which they operate. Construction industry can be considered as a birthplace of project management, due to the need to monitor the continuity of work. With the adoption of project management by other sectors--primarily engaged in information systems and telecommunications technologies--project management is given a new direction. If we add to this trend the current focus on the development and care of human resources (the impact of soft skills on the work of managers), we get two conflicting tendencies: on the one hand there is a significant development of project methodologies and techniques oriented mainly to the administration of the entire process of project management (planning, managing and reporting); on the other hand there are training methods that focus on the development of soft skills (teamwork, creativity, communication skills or leadership skills). But what is lacking is the integration of both approaches. The main objective of this doctoral thesis, Specifics of Project Team Managing and Development in IS/ICT, is to determine whether project teams behave as real teams, as defined by current theories, or whether they behave as specific working groups. The sub-objectives are 1) to identify the key skills that project managers need for leading teams, 2) identify the key soft skills of project team members which need to work effectively in a team, and 3) find out how project teams work with knowledge. The research included in this work is aimed at mapping the position of the project manager as a leader of the project team with an emphasis on the issue of soft skills in the project management of IS/ICT companies. Three independent data sources enable us to understand the situation in several existing project teams from different perspectives (project manager, team member and head of the project management office), with an emphasis on project manager as a leader of the team. The research was performed in companies engaged in mobile communications in the Czech Republic (GSM service providers) and their suppliers. The total research involved 224 respondents. This data was then generalized and applied to companies operating in the field of IS/ICT in the Czech Republic. The conclusion summarizes the benefits for the development of science (in the specific field of project management as well as in management in general) for business and for education.
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Coaching - Analytical Approach in Czech Management
Cipro, Martin ; Nový, Ivan (advisor) ; Bedrnová, Eva (referee) ; Tkačík, Tomáš (referee)
The work succeeded in defining and arranging the basic typology of approaches to coaching, describing their theoretical starting points, pros and cons in application in the environment of Czech firms. The typology serves the ordering persons (mostly human resources officers) for convenience when looking for an appropriate approach and when choosing an eligible coach. The work defined a new term - analytic coaching - and have provided its specificities and differences from other theoretical approaches, as well as eight case studies where we have proved the efficiency of analytic coaching. The managers being coached within the monitored sample familiarized themselves during the study with coaching procedures, methodology and principles, and they start applying and promoting them within their management of people, becoming the upholders of the new firm culture focused on involvement, independence and self-management of employees. Interest was aroused in the managers being coached in self-development, in study of soft management elements and in coaching applications in the intra- and extra-employment spheres.
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The analysis of development of the Austrian capital market and its monetary consequences (in the period before 1918)
Čajka, Martin ; Brada, Jaroslav (advisor) ; Jančík, Drahomír (referee) ; Pavlát, Vladislav (referee)
The dissertation thesis is considered with the development of capital markets in Austria before 1918. The Austrian capital market originated during the 18th century as the place for distribution of government securities. In 1771 the Vienna Stock Exchange was established as the first organized place for securities trading in the former Austrian Monarchy. The government securities remained the major investment instrument traded till 1918. In primary decades the Austrian capital market was nearly connected with the development of Austrian currency especially in times before the Austrian state bankruptcy in 1811 and then in times of the following effort of the Austrian government aiming the correction of Austrian currency. This aiming culminated in establishing of the Privileged Austrian National Bank as the first central bank in the former Austrian Monarchy. From about 1830 private securities were traded in the Vienna Stock Exchange as well. In primary decades these private securities were especially represented by equities and bonds of railway companies. The peak of private emissions related to the Austrian capital markets could be documented round 1870 in the framework of the so called founder times. These founder times were ended in Mai 1873 by the crisis on the Vienna Stock Exchange. After 1873 the Austrian capital market went back to the situation from the early 19th century, i.e. it can be seen the dominant role of government securities connected with the decrease of importance of the Austrian capital market as the place for company finance funding. After 1880 there is the origin of the very strong connection between the industrial companies on the one side and the banking sector on the other side which was typical not only for the former Austrian -- Hungarian Monarchy but also for German Empire and for other Middle European countries. The decrease of importance of the private securities was also caused by the nationalization of the Austrian railway companies after 1879. During the World War I the Vienna Stock Exchange as well as other stock exchange in the Monarchy was out of business. During this time the Austrian public debt was multiplied and the Austrian currency under strong inflation. After 1918 the Vienna Stock Exchange lost much from its former importance to the prejudice of the Prague Stock Exchange above all.
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Determinanty kapitálové struktury a její optimalizace
Křivská, Romana ; Valach, Josef (advisor) ; Marek, Petr (referee) ; Hrdý, Milan (referee)
The finding of optimal debt-to-equity structure, taking into account the determinants which influence Capital Structure, is an ongoing problem in Corporate Finance. It is confirmed in theory as well as in practice in the world of Corporate Finance. There are several theoretical approaches to optimal Capital Structure, nevertheless, in practice none of these theories can be fully confirmed. The aim of the dissertation is the analysis of determinants of Capital Structure and the assessment of the application of current optimal Capital Structure theories. The significance of the individual determinants of Capital Structure is evaluated and the relationship between Leverage and certain determinants is analyzed, based on regression and correlation analysis. These tasks are based on an international point of view followed by the empirical application to mining companies in the Czech Republic and Europe. The dissertation is divided into 3 main parts which include a theoretical part, an analysis of current findings and, finally, an empirical analysis. In the theoretical part, the basic terms used in the topic of Capital Structure are defined by their different meanings in theory. These are Capital, Capital Structure and Leverage. The determinants of Capital Structure were specified with respect to the optimal Capital Structure theories, and the determination of optimal debt ratio is discussed. The analysis of current findings is focused on the empirical verification of optimal Capital Structure theories, on international examples, and on the example of the Czech Republic. Attention is dedicated to understanding the significance of determinants of Capital Structure and the determination of the relationship between Leverage and determinants of Capital Structure. A comparison of the theoretical and empirical findings is made between a group of American and European companies, and between three groups of countries (developed countries, developing countries and transition countries, including the Czech Republic). The empirical part is dedicated to the analysis of determinants of Capital Structure of mining companies in the Czech Republic and Europe. The analyzed determinants are size, profitability, tangibility of assets, and a non-debt tax shield.
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National model of social-economic reforms of Uzbekistan and cooperation with countries of European Union
Karimov, Dilshodjon ; Jeníček, Vladimír (advisor) ; Kašpar, Václav (referee) ; Konečný, Čestmír (referee) ; Wahla, Arnošt (referee)
The presented dissertation is devoted to the problems of transition economy efficient functioning of Uzbekistan based on the Uzbek model of economic reforms and distinctive futures, and factors which are impacting to form national models: mentality, religion and confessional orientation, integration and participation in the world community, national treasure and political structure of government, geopolitical and economical situation, communication, culture and tradition. The key problems, such as reaching macroeconomic stability and social orientation of economy, strengthening plural economy, integration of Uzbekistan to the world community are discussed in the theme. Economic reforms in Uzbekistan begun due to real opportunities of national economy and mentality of the nation. National construction model of the economic reform of Uzbekistan relied on the principal positions such as social orientation, problem solution of economic stabilization, macroeconomic increase, economic regulations based on market principle, liberalization of economy by minimization of government control ("invisible hand"), keeping the government to play an active role in solving social problems and having a chance to select potential foreign investment. World economy and international policy come out in the united block, changing with places as the subject and the object. Thus, international economic relation represent by itself the alloy of the economy and policy, brought to the level of adoption and realization of the administrative solutions and rivalry in modern world, determination of forms and methods of development and improvement of the market economy, that became an important factor of social development and solution of the crucial problems of economic and social progress. Taking into consideration all these, the work is built by the logic and contemporary principles of international economic relations. The dissertation begins with the introduction part, where the importance of the theme is substantiated, the purposes and tasks are formulated, the object is selected, and the subjects of experiment, scientific novelty, theoretical and practical significance of work is reflected; continuing the study with the further main parts of the dissertation that analyze and evaluate the key problems to be solved. It is formed taking into account the logical sequence of the theme and solution of both theoretical and systematic problems of the formation and reformation under the contemporary conditions. The first part of the dissertation, under the title: "Theoretical-methodological bases of the national model of the economic reforms of Uzbekistan", analyses the survey of the international experience of transition into the market relations, and also special features, principles and stages of forming the national model of Uzbekistan. In part "Foreign economic policy of Uzbekistan - the mechanism of their realization" the special features of commercial and economic reformation, change in principles and priorities of foreign economic policy, their interrelation taking into account by world financial and economic crisis are investigated. The third part assesses the geopolitical situation, prospects for the development of collaboration and strategy of the European Union towards the CA region and evaluates the significance of Afghanistan. In the further part "Uzbekistan and the European states: priorities and directions of their collaboration", the export relations of the republic with the European Union countries is investigated, and also the future prospect for the development of collaboration is evaluated. To conclude the main challenges of transition economy of the country on the base of Uzbek model of economic reforms are identified and the proposals are formulated, that occurred as a result of a study. It is necessary to point out that the years of independence became the time of the active entry of Uzbekistan into the international arena, the dynamic conduction of independent policy. The collaboration of young Uzbek state with the countries of Europe with the qualitatively new content was filled. Being located in the heart of central Asia, sovereign Uzbekistan actively participates in the European program of strengthening stability and safety in Europe and Asia, strengthening democratic values. Commercial and economic, political, cultural and scientific connections consecutively deepen. They contribute in forming and development of the democratic state with free market economy in Uzbekistan, steady integration of the country into the world community, to increase its respect, significance and authority in the international arena.
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Solving the combinatorial optimization problems with the Ant Colony Optimization metaheuristic method
Chu, Andrej ; Jablonský, Josef (advisor) ; Janáček, Jaroslav (referee) ; Linda, Bohdan (referee)
The Ant Colony Optimization belongs into the metaheuristic methods category and it has been developing quite recently. So far it has shown its capabalities to over-perform other metaheuristic methods in quality of the solutions. This work brings analysis of the possible applications of the method on the classical optimization combinatorial problems -- traveling salesman problem, vehicle routing problem, knapsack problem, generalized assignment problem and maximal clique problem. It also deals with the practical experiments with application on several optimization problems and analysis of the time and memory complexity of such algorithms. The last part of the work is dedicated to the possibility of parallelization of the algorithm, which was result of the application of the ACO method on the traveling salesman problem. It brings analysis of the crucial operations and data synchronization issues, as well as practical example and demonstration of the parallelized version of the algorithm.
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The specifics of German conception of financial analysis and possibilities of their implementing into Czech methodology
Šmídová, Radana ; Grünwald, Rolf (advisor) ; Holečková, Jaroslava (referee) ; Hrvoľová, Božena (referee)
The theme of my dissertation is the specifics of German conception of financial analysis and possibilities of their implementing into Czech methodology. In Czech literature which deals with financial analysis we can encounter references to German sources very rarely. With regard to this I have chosen to explore German literature, to get inspired by German authors and to look for ideas which may help to contribute to common method of financial analysis in the Czech Republic. The assignment of my dissertation comes out from the hypothesis that methods of financial analysis used by German-writing authors incorporate elements that can be implemented in our practice. This dissertation therefore has the goal to develop the study of financial analysis specifics that are typical for German authors with the objective to suggest ideas to improve common methods of Czech external financial analysis. Based on the wide recherché I introduced in the dissertation a spectrum of methodological elements recorded at influential German-writing authors and in the end I suggested those elements that should be incorporated into our methodology. I suggested financial ratio system for analyzing short-term financial solvency that shows prospective ability of company to cover short-term non-interest debts, short-term interest debts and interest. The empirical study presented the advantages of financial ratio system of liquidity ratios based on ideas to be incorporated into methodology of financial analysis inspired by German literature. I managed to specify 16 ideas how to built up (in the Czech Republic) on specific methodology elements that are suggested by German authors. The suggestions of replenishment of common Czech methodology approaches mainly represent a benefit in more significant focusing of external financial analysis on prediction of financial situation in short term period.
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NGO Performance Measurement
Stránský, Jakub ; Fibírová, Jana (advisor) ; Král, Bohumil (referee) ; Dohnalová, Marie (referee)
Dissertation thesis aims to analyse prerequisites for performance measurement and to classify, define and evaluate techniques of performance measurement. It discusses information potential of financial reporting for NGO performance evaluation and conducts a survey on current situation in foundation transparency and performance measurement. Solutions to most important problems are suggested.
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