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The First Three Patriarchs of CČSH
Havelková, Kateřina ; Hrdlička, Jaroslav (advisor) ; Lášek, Jan Blahoslav (referee)
This thesis focuses on consequences that led to the establishment of the Czechoslovak Hussite Church. It describes the religious situation at the turn of the century and the condition in which the Church had been in our country before 1920. Furthermore, it focuses on the personality of the first patriarch, Karel Farský, his life, activities for the new Church and his works; in addition, through personal and work milestones of his successor Gustav Adolf Procházka this work portrays the following fourteen years of a young Church. The last part focuses on the life, studies and work of the third patriarch, František Kovář, and portrays his works and extraordinary efforts in the highest Church office.
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How do people perceive income inequality? A Czech case
Havelková, Kateřina ; Korbel, Václav (advisor) ; Želinský, Tomáš (referee)
The widespread concern that the gap between the rich and the poor is continuously ex- panding prompts the stimulus for further examination. Standard theory suggests that the level of income inequality has a significant effect on policies with redistributive elements. However, empirical studies propose that rather than the actual shape of income distri- bution, individual perceptions of income distribution define the public finance models. Individuals tend to misperceive income inequality, yet there is little evidence regarding the origins of these perception biases. The bachelor thesis examines one of the possible theories that attempt to explain roots of misperceptions. The geographic reference group theory suggests that people project their local findings onto their estimates of overall income inequality. To test this hypothesis, we used the Gini coefficient with respect to country's districts as an explanatory variable and the subjective inequality index (Per- ceived inequality index) as a dependent variable. The empirical findings, nevertheless, provide little support for the geographic reference group theory as all regressions showed a highly insignificant relationship between district inequality and perceived inequality. The evidence suggests that respondents, who live in districts with high...
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Predicting stock market crises using investor sentiment indicators
Havelková, Kateřina ; Kukačka, Jiří (advisor) ; Kočenda, Evžen (referee)
Using an early warning system (EWS) methodology, this thesis analyses the predictability of stock market crises from the perspective of behavioural fnance. Specifcally, in our EWS based on the multinomial logit model, we consider in- vestor sentiment as one of the potential crisis indicators. Identifcation of the relevant crisis indicators is based on Bayesian model averaging. The empir- ical results reveal that price-earnings ratio, short-term interest rate, current account, credit growth, as well as investor sentiment proxies are the most rele- vant indicators for anticipating stock market crises within a one-year horizon. Our thesis hence provides evidence that investor sentiment proxies should be a part of the routinely considered variables in the EWS literature. In general, the predictive power of our EWS model as evaluated by both in-sample and out-of-sample performance is promising. JEL Classifcation G01, G02, G17, G41 Keywords Stock market crises, Early warning system, In- vestor sentiment, Crisis prediction, Bayesian model averaging Title Predicting stock market crises using investor sentiment indicators
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How do people perceive income inequality? A Czech case
Havelková, Kateřina ; Korbel, Václav (advisor) ; Želinský, Tomáš (referee)
The widespread concern that the gap between the rich and the poor is continuously ex- panding prompts the stimulus for further examination. Standard theory suggests that the level of income inequality has a significant effect on policies with redistributive elements. However, empirical studies propose that rather than the actual shape of income distri- bution, individual perceptions of income distribution define the public finance models. Individuals tend to misperceive income inequality, yet there is little evidence regarding the origins of these perception biases. The bachelor thesis examines one of the possible theories that attempt to explain roots of misperceptions. The geographic reference group theory suggests that people project their local findings onto their estimates of overall income inequality. To test this hypothesis, we used the Gini coefficient with respect to country's districts as an explanatory variable and the subjective inequality index (Per- ceived inequality index) as a dependent variable. The empirical findings, nevertheless, provide little support for the geographic reference group theory as all regressions showed a highly insignificant relationship between district inequality and perceived inequality. The evidence suggests that respondents, who live in districts with high...
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The First Three Patriarchs of CČSH
Havelková, Kateřina ; Hrdlička, Jaroslav (advisor) ; Lášek, Jan Blahoslav (referee)
This thesis focuses on consequences that led to the establishment of the Czechoslovak Hussite Church. It describes the religious situation at the turn of the century and the condition in which the Church had been in our country before 1920. Furthermore, it focuses on the personality of the first patriarch, Karel Farský, his life, activities for the new Church and his works; in addition, through personal and work milestones of his successor Gustav Adolf Procházka this work portrays the following fourteen years of a young Church. The last part focuses on the life, studies and work of the third patriarch, František Kovář, and portrays his works and extraordinary efforts in the highest Church office.
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