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Earnings profiles and money illusion
Todica, Doina ; Chytilová, Julie (advisor) ; Štika, Pavel (referee)
The main goal of the thesis is to test the existence of money illusion among the working population of the Republic of Moldova. The author of the thesis conducted a survey in March 2010, and results suggest that under the presence of rather high inflation, and a larger increase in nominal wage relative to real wage, Moldovan workers are prone to money illusion, this influences their earning profiles over time and across economic sectors; more than that this finding is important in explaining why workers change the economic sector, or why some sectors of the economy are characterized by grater fluctuations than other. To the author's best knowledge, this represents the first time a study of this kind is conducted in the Republic of Moldova.
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Stress testing of the banking sector
Procházková, Jana ; Jakubík, Petr (advisor) ; Todica, Doina (referee)
This bachelor thesis deals with stress testing of the banking sector. Stress testing as a risk measurement technique has attracted much attention especially in recent years due to the increased instabilities in financial markets. This work defines two objectives. The aim of theoretical section is to provide a complex survey of stress testing principles and methodologies and to contribute to a better understanding of why stress tests are employed. The empirical section focuses on the credit risk in the Czech Republic. It tries to estimate whether there is an empirical relationship between the quality of credit portfolio of the Czech banking system and the development in key macroeconomic variables. For this purpose the econometric model of vector autoregression has been applied.
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Specific attributes of Human resource management in Non-profit organizations
Glebova, Margarita ; Koubek, Ivo (advisor) ; Todica, Doina (referee)
There is a common idea that human resource management in non-profit corporations is very different from human resource management in for-profit corporations. From one side, there are a lot of differences in recruiting people or strategic management. From other side, there are enough similarities in both types of organization. To understand, how to set Human Resource Management in non-profit organization, the basic differences between these two types have to be understood. It means not only understanding in the Human resource level, but in general economical level. Any activity in the economy has to be set as an answer to the needs. After analysis of the main differences between both types of organization, it is much easier to find a need for particular policy of HRM in non-profit. To paint the whole picture of the problem, I will give a quick definition of Non-profit sector in general, after we will pay particular attention to HRM policies in non-profit sector and the goal of the last chapter is to show the main differences between non-profit and for-profit HRM. The question to answer is which of factors has a bigger significance in this topic. The main task is to show, that, even though financing of non-profits are very limited nowadays, it is still very important to pay attention to create HR...
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Determinants of Commercial Real Property Prices in the CR during the Financial Crisis
März, Jan ; Hlaváček, Michal (advisor) ; Todica, Doina (referee)
This thesis examines macroeconomic factors which influenced the Czech commercial real estate market between the years 2007 to 2010, dividing it in three basic segments - loading, office and retail. First we focus on describing the character of the market, how it differs from other areas of economic activities and what are these differences caused by. Next we create several models for particular real estate market quantities and from the results we conclude some fundamental facts about the functioning of the market. We interpret the role of the real estate yield as an instrument of the financial market which moderates the real estate market's reactions to changes in the economic environment.
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Approach of the Czech Republic to Developing Countries (Analysis using CDI index)
Řehořová, Zuzana ; Janský, Petr (advisor) ; Todica, Doina (referee)
The aim of this work is to evaluate and compare the Czech Republic approach to developing countries. The evaluation is mainly based on Commitment to Development Index. Commitment to Development Index assesses 22 OECD DAC member countries on their overall approach to developing countries. It is published annually by the Center for Global Development. I computed and partly estimated the index for the Czech Republic and consequently compared and commented the results. The Czech Republic score is slightly below those of all EU member countries included in the index finally ending up at 20th place out of 23 countries. The Czech Republic scores well in environment and trade component and badly in trade. I also made some comments on the design of the index.
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The Analysis of the Relative Efficiency of the Czech and Polish Financial Market.
Džmuráňová, Hana ; Rippel, Milan (advisor) ; Todica, Doina (referee)
of bachelor thesis Author: Hana Džmuráňová The topic of this bachelor thesis is the Theory of efficient markets. The thesis is split into two related parts. The first part aims to introduce the Theory of efficient markets and behavioral finance. It focuses on several anomalies and limitations in the Theory of efficient markets that have been found as a result of behavioral finance research. The second part of the thesis is an empirical text dedicated to the relative weak form efficiency analysis of the two Central and Eastern Europe Markets - the Prague and the Warsaw Stock Exchange. Relative efficiency is tested by the random walk properties of market index returns and by the OLS method for autoregressive process for market index returns. It has been found that the Warsaw Stock Exchange is relatively more efficient in the weak form efficiency than the Prague Stock Exchange.
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Earnings profiles and money illusion
Todica, Doina ; Štika, Pavel (referee) ; Chytilová, Julie (advisor)
The main goal of the thesis is to test the existence of money illusion among the working population of the Republic of Moldova. The author of the thesis conducted a survey in March 2010, and results suggest that under the presence of rather high inflation, and a larger increase in nominal wage relative to real wage, Moldovan workers are prone to money illusion, this influences their earning profiles over time and across economic sectors; more than that this finding is important in explaining why workers change the economic sector, or why some sectors of the economy are characterized by grater fluctuations than other. To the author's best knowledge, this represents the first time a study of this kind is conducted in the Republic of Moldova.
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