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Static analysis of residential building
Hanzlík, Petr ; Šopík, Leonard (referee) ; Zich, Miloš (advisor)
The discussion of the master’s thesis is static analysis of residental building. The thesis details the original solution from assesment and a new design variant solution. The work is focused on static solution of monolithic concrete plate with ribs and is devoted to limit states assessment of the plate with ribs. The thesis includes a time analysis structure and prestressed ribs in the new variant.
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Bank's performance in low and negative interest rate environment
Hanzlík, Petr ; Teplý, Petr (advisor) ; Tripe, David (referee) ; Witzany, Jiří (referee) ; Tůma, Zdeněk (referee)
Dissertation thesis Banks' performance in low and negative interest rate environment Author: Mgr. Petr Hanzl'ık Abstract This dissertation consists of four empirical papers that focus on the performance of banks in the low or even negative interest rate environment characteristic for the decade after the global financial crisis of 2007-2009. The first paper focuses on the analysis of a re- lationship between the net interest margin (NIM) of EU banks and market interest rates in a low-interest rate environment while controlling for the impact of market concent- ration by examining a large sample of annual data on 629 banks from EU countries for the 2011-2016 period. The results show a positive concave relationship between NIM and short-term interest rates, deterioration of NIM for all types of banks and a higher market concentration leading to higher NIM. In the second paper, we examine the determinants of NIM of European and US banks in a zero lower bound (ZLB) situation while control- ling for institutional design factors, i.e. difference between capital-based and bank-based financial markets. We analyse a large sample of annual data on 629 European banks and 526 US during the 2011-2016 period confirming that NIM is significantly influenced by the different institutional designs. The third paper deals with...
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Helicopter Money and the Propensity to Consume Transfers: The Case of Czech Republic
Doležal, Jakub ; Havránek, Tomáš (advisor) ; Hanzlík, Petr (referee)
Jakub Doležal1 1 ) Institute of Economic Studies, Faculty of Social Sciences, Charles University 50735965@fsv.cuni.cz The thesis discusses the topic of helicopter money - unconventional mon- etary policy aimed at increasing sub-target inflation and reviving GDP growth when the orthodox monetary policy is constrained by the zero lower bound (ZLB) on policy rates. From the perspective of the households, helicopter money transfer is a windfall gain. Part of the transfer - marginal propensity to con- sume (MPC) - is within weeks turned into consumption. MPC directly affects the outcomes of the policy, it is therefore advisable to predict it. The first part of the thesis describes unconventional monetary with special emphasis on helicopter money, quantitative easing and debt monetization. The second part is then devoted to identifying country-level drivers of MPC and subsequently predicting average MPC across Czech households using meta-analytic approach. While controlling for publication bias and performing variables selection through Least Absolute Shrinkage and Selection Operator (lasso) the model predicts av- erage marginal propensity to consume the transfer ranging from 0.46 to 0.51 during the years of sub-target inflation and under ZLB on policy rates within the Czech economy.
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Examining Innovation-Growth View and Innovation-Fragility View: A Case of European Countries
Xu, Yunqiao ; Janda, Karel (advisor) ; Radošević, Slavo (referee) ; Hanzlík, Petr (referee)
This thesis examines the innovation-growth view and innovation-fragility view on the impacts of financial innovation on banking performances in 22 European countries. It focuses on three aspects of analysis: the relationship between financial innovation and bank growth, the relationship between financial innovation and bank stability, and the relationship between financial innovation and banking performance reduction during the COVID-19 pandemic. The panel data sample consists of 4479 active banks in 22 European Union countries from 2008 to 2020. This paper uses the fixed effects model. The paper finds that financial innovation contributes to both bank asset growth rate and bank loan growth rate. Banks with lower market shares, higher loan to asset ratios, and higher tier 1 capital ratios have faster asset growth rates compared to others. Financial R&D intensity value added leads to both lower bank z-score and lower log bank z-score, while the ratio of off-balance sheet items to total assets leads to a higher log bank z-score. There is also evidence for cross-country variation. During the COVID-19 pandemic, off-balance sheet items divided by total assets negatively impacts the change in ROA for banks between 2018 and 2020, which supports the innovation-fragility view.
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Off-ice fitness training of HC Rytíři Kladno A team in season 2012/2013
Hanzlík, Petr ; Jebavý, Radim (advisor) ; Arnošt, Pavel (referee)
UNIVERZITA KARLOVA V PRAZE Fakulta tělesné výchovy a sportu DIPLOMOVÁ PRÁCE 2014 Petr Hanzlík UNIVERZITA KARLOVA V PRAZE Fakulta tělesné výchovy a sportu Diplomová práce Kondiční příprava mimo led A týmu HC Rytíři Kladno v sezóně 2012/2013 Vedoucí diplomové práce: Zpracoval: PhDr. Radim Jebavý, Ph.D. Bc. Petr Hanzlík srpen 2014 Prohlašuji, že jsem tuto diplomovou práci vypracoval samostatně a pouze za použití uvedené literatury. .….….….……….. Petr Hanzlík Touto cestou bych chtěl poděkovat PhDr. Radimovi Jebavému, Ph.D. za cenné rady, odborné připomínky a vedení diplomové práce. Dále bych chtěl poděkovat PhDr. Zdeňku Vojtovi za možnost podílet se na tréninkovém procesu a měření hráčů A mužstva HC rytíři Kladno. Rád bych také poděkoval Mgr. Miroslavě Zimové za pomoc při tvorbě a úpravách této práce a v neposlední řadě všem kladenským hráčům sezony 2012/2013 za jejich obětavou pomoc při realizaci a měření. Svoluji k zapůjčení této diplomové práce ke studijním účelům. Prosím, aby byla vedena přesná evidence vypůjčovatelů, kteří musí pramen převzaté literatury správně citovat. Jméno a příjmení: Číslo OP: Datum vypůjčení: Poznámka: … … … … … … … … … … … … … … … … … … … … … … … … Abstrakt Název: Kondiční příprava mimo led A týmu HC Rytíři Kladno v sezóně 2012/2013 Cíle práce: Analyzovat a porovnat kondiční...
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Credit risk of subsidiaries of foreign banks in CEE countries
Cheng, Jiamin ; Hanzlík, Petr (advisor) ; Silva, Rui (referee) ; Baxa, Jaromír (referee)
This thesis aims to study the banking characteristics of the parent bank of foreign banks and the influence of the economic environment of the home country on the credit risk of subsidiaries. The study collected a data set of 32 foreign banks in eight CEE countries (joining the EU in 2004) from 2009 to 2020 and conducted an empirical analysis using a fixed-effect panel regression model. Credit risk (NPL) is used as the dependent variable, and the explanatory variable is divided into four groups according to the home country and host country, the bank level, and the macroeconomic level. The regression results show that the profitability of the parent bank has a negative impact, while the liquidity, size, capital, and credit risk of the parent bank has a positive impact on the credit risk of the subsidiary. Moreover, the inflation in the country where the parent bank is located has a negative influence on the credit risk of the subsidiary, while the GDP growth and unemployment rate in the country where the parent bank is located leads to an increase in credit risk. These results show that international risk is transferred from the parent country to the host country through a new channel for foreign banks. Key words: credit risk, fixed effects model, CEE countries, banking sytem, foreign bank
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Determinants of residential real estate prices in the Baltic States
Rákosníková, Andrea ; Hlaváček, Michal (advisor) ; Hanzlík, Petr (referee)
The burst of the housing bubble on the US market, that contributed to the start of the Great Recession, was a warning sign to many economists. Consequently, the last decade birthed important studies analysing the real estate market in the search for the driving determinants of the housing prices. This thesis continues these efforts by time series analysis of the determinants of residential real estate prices in Estonia, Latvia, and Lithuania. The VECM analysis showed that the importance of classic housing determinants differs from country to country. The price persistence is a crucial determinant of the Baltics' housing prices in the short run, but only Estonia and Lithuania showed the persistence in the long run. Latvian house price index seems to be very affected by the construction cost index, and therefore supply side of the housing market. The model also suggested an unexpected negative relationship between house and rent prices. The analysis was however done on relatively short time series and that could cause some discrepancies in the results as well. The author also used the P/I and P/R ratios and the Hodrick-Prescott filter to analyse the housing prices in the search of possible overvaluation, and concluded that these measures do not seem to indicate the existence of the housing bubble in...
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Obchodování institucionálních investorů a sentiment konkurenčních akciových titulů
Hanzlík, Petr
This thesis studies the impact of sentiment included in news about competitors on institutional investors. Investor’s sentiment is determined by level of sentiment in media, pairs of examined subjects were chosen from the same industries. The impact of sentiment is studied in terms of shares’ profitability. Jensen’s model was employed to model the relationship. Performance indicators were used for their comparison. Based on empirical analysis, it was possible to partially confirm the impact of competitor’s sentiment on institutional investors.
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