National Repository of Grey Literature 103 records found  1 - 10nextend  jump to record: Search took 0.00 seconds. 
The impact of third-party payment on the profitability of commercial banks
Lu, Yilin ; Dědek, Oldřich (advisor) ; Semerák, Vilém (referee)
This article explores the influence of Chinese third-party payment transaction volume on the profitability of Chinese 15 commercial banks. The article starts from the operating model of third-party payment , and then builds four corresponding models from the four dimensions of deposits, loans, non-interest income, and return on assets to test the impact of third-party payment on the profitability of commercial banks. The article concludes with conclusion and recommendations for commercial banks to mitigate risks, supervise third-party payment platforms, and collaborate with third-party payment platforms. JEL Classification F12 Keywords third-party payment , commercial bank profitability, bank supervision , regression Title The impact of third-party payment on the profitability of Chinese commercial banks.
Financial derivates utilization to lower exchange rate risk of the financial market end user - company SAP ČR
Matějovská, Anna ; Dědek, Oldřich (advisor) ; NÁHRADNÍ, OPONENT (referee)
The goal of this bachelor thesis is to analyze how the end user of financial market, the company SAP ČR, derives benefit from financial derivates. The thesis is diveded into two parts. First of all, I will introduce the character of financial derivates and I will look at reasons, why companies hedge and how they carry out this hedging. In the second, practical part I arise from concrete data, which were provided to me by the SAP ČR company. I will try to analyze it and I will try to reach an conclusion, if the hedging is profitable for the company.
Buybacks to Bailouts: Firm Behavior and Implications for Financial Instability
Curran, Kevin ; Baxa, Jaromír (advisor) ; Dědek, Oldřich (referee)
Share repurchases reached a decade-high level in 2019, just as US equity indices reached a historical zenith, a move in tandem that supports more than merely a correlative relation. However, this relationship moves beyond that of just a close tandem move in indices alongside share repurchases, but to the behavior of firms which began to leverage themselves in order to promote the evermore profitable strategy of large buyback programs. Those repurchases indicate an idiosyncratic and procyclical leveraging that, while much smaller in scope and less combustible by lack of derivative amplification, led to the gorging on unsustainable debt described by Hyman Minsky and experienced in the Great Financial Crisis in the banking industry. In this case, the 'Minsky moment' that may have inevitably popped the self-promotion bubble came in the form of the 'black swan' event of the coronavirus outbreak. This paper aims to historically frame the issues, with delimitation of the effect of buybacks from 2009 to early 2020 with scant reference to historical factors influencing the increased usage of share repurchase programs. The analysis within this historical scope will reflect empirical measures on the market-wide level of share buybacks and debt levels alongside the concurrent equity index acceleration....
The impact of third-party payment on the profitability of commercial banks
Lu, Yilin ; Dědek, Oldřich (advisor) ; Semerák, Vilém (referee)
This thesis selects data from the financial annual report of 15 different kinds of commercial banks in China from 2016 to 2019. Meanwhile, the bank's return on total assets (ROA) and non-interest income ratio (NIIR) are considered as dependent variables and other variables are considered as the independent variables. The aim of this thesis is to examine the effect of third-party payment developments on the profitability of commercial banks and whether the effect is different due to different types of banks. At the end of the thesis, suggestions are proposed for banks to withstand risks and improve supervision. JEL Classification F12 Keywords third-party payment , commercial bank profitability, bank supervision , regression Title The impact of third-party payment on the profitability of commercial banks.
Pricing of interest rate derivatives and calibration issues in a multi-factor LIBOR market model framework
Doubrava, Jan ; Dědek, Oldřich (advisor)
Financial derivatives are financial instruments which enable investor or a debtor to optimize his/her asset/debt portfolios according to individual needs and acceptable scale of risk. Their importance in financial markets rose enormously n past ten years as well as did their traded volumes. Interest rate derivatives form a large sub-group of financial derivatives, their valuation is a large self-contained chapter within financial mathematics thanks to the unique characteristics of yield- and discount-curve dynamics. In the first part of my thesis I derive the fundamental pricing principles stemming from no- arbitrage pricing theory and introduce the most common approaches in yield curve modeling. In the second part I discuss issues of calibration in a "LIBOR Market Model" with one to three risk factors. These models are used to price swaptions with Monte Carlo simulation within the no-arbitrage framework introduced in the first part. The result of the thesis is that one factor model performs the best in pricing swaptions. Powered by TCPDF (www.tcpdf.org)
Application of premiums and discounts to the company valuation
Sokol, Jakub ; Dědek, Oldřich (advisor) ; Teplý, Petr (referee)
In the light of the current market downturn, the need of the most accurate valuation appears to be more crucial than ever before. This thesis provides the reader with both the theoretical and practical background of the use of valuation premiums and discounts which apply directly to the value of the company reached by conventional separate valuation techniques. The most important premiums and discounts we focus our attention on are control premium/minority interest discount and lack of liquidity discount. The thesis presents an overview of the basic methodology of the theoretical concepts related to the valuation premiums and discounts. Moreover, based on a sample of 202 mergers and acquisitions transactions of the companies listed in the Central and Eastern Europe ("CEE"), we examine the size and key determinants of the control premium applicable within the CEE region.

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1 Dědek, O.
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