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Analyze of economic value added generated by non-financial companies listed on Prague stock exchange.
Voldán, Martin ; Neumaierová, Inka (advisor) ; Hájek, Jiří (referee)
The goal of this Masters Thesis is to analyse economic value added generated by non-financial companies listed on Prague stock exchange. Main goal is not only to calculate the amount of economic value added, but also to compare results of two economic models used to specify Re (Minimal required return of companys own capital), necessary to calculate economic value added. Next goal is to analyze link between economic value added and stock price. Correlation between this two parameters would be a sign of possibility to predict future stock price in dependance on generated economic value added. For this Masters thesis, It is important to have all balance sheets, P/L statements and stock market data for all selected corporations. All these informations were exported from database Thomson Reuters Eikon available on University of economics in Prague.
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The comparison of the regulation of joint-stock company in the Czech Republic and in Russia
Polach, Miroslav ; Kříž, Radim (advisor) ; Levý, Jan (referee)
The aim of this thesis is to provide the reader with basic information about doing business in Russia and about options of entering this market (entering in cooperation with a local partner, establishment of commercial representation, a subsidiary, a company and about specifics of joint ventures in Russia). The second and the main aim of this thesis is to compare the Czech and Russian regulation of the joint-stock company and this way to draw the attention of the people interested in establishment of this type of corporation to main differences compared to a well-known Czech law. After a general introduction the main part of this thesis if focused on comparison of the most important parts of the regulation which determine the functioning of the joint-stock company -- regulation of the shared issued by the company, rights and duties of the shareholders, bodies of the company.
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ANALYSIS AND COMPARISON OF SELECTED CENTRAL EUROPEAN CAPITAL MARKETS SINCE 90S UP TO THE PRESENT
Kotyza, Jonáš ; Šimíček, Petr (advisor) ; Loužek, Marek (referee)
This thesis focuses on analysis and mutual comparison of capital markets of the Czech Republic, Slovakia, Poland and Hungary, particularly on their development since the 90s. In the theoretical part is emphasized the importance of the stock exchange establishment in the contemporary economic system. Furthermore, this section focuses on the development of the global and then local stock exchange system. All selected economies were significantly affected by the implementation of the socialist regime and it was necessary to consolidate local capital markets. The analytical part examines differing form and actual importance of selected entities. The main conclusions of this part of the work are that the Polish capital market significantly dominates, Czech and Hungarian capital market are distinguished by similar levels of their capital markets and Slovak market is completely unimportant in the Central European context.
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Equity securities in the Czech republic
Weiserová, Nikola ; Randáková, Monika (advisor) ; Míková, Marie (referee)
This bachelor thesis aims to give a summary picture about the equity securities of the issuer's and the investor's point of view and highlight the fact that the valuation of equity securities representing equity participation in subsidiaries and related Czech companies use the purchase price rather than the equity method. This thesis is based on the actual Czech legislation, which are mainly Business Corporations Act, Accounting Act, the Accounting Notice No. 500/2002 and Czech accounting standards. In the theoretical part there are defined some basic concepts and classification of the equity securities, and then characterized the substance of their bookkeeping and valuation from the perspective of the issuer and the investor, which is further illustrated with concrete examples. The practical part is devoted to the investigation the valuation bases used by Czech companies through an analysis of the financial statements of 50 chosen companies.
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Investing in the Czech Republic in relation to GDP (Gross Domestic Product)
Šabatka, Matěj ; Bartošová, Jitka (advisor) ; Bína, Vladislav (referee)
The aim of this thesis is to explore investment opportunities of the Czech population, the ability of businesses to obtain needed capital for their investment plans and possibilities to obtain these funds from individuals through securities. The main part of this work is to evaluate the dependence between the securities markets and the growth of gross domestic product between 2006 - 2012. For the research, graphical and correlation analysis were used. Due to detected dependencies between gross domestic product and the bond market, issuance of bonds with a five-month delay of the positive fluctuation of gross domestic product was recommended. The final section is concentrates on prediction of the future development of the bond market, which proved to be unpredictable.
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Harmonic Pattern Share Analysis
Kubát, Jan ; Musílek, Petr (advisor) ; Havlíček, David (referee)
The aim of this work is to test harmonic chart patterns on europen and american stock markets. The logic of classical chart patterns is based on behavioral psychology. In the year 1997, Larry Pesavento introduced harmonic chart patterns in his book "Fibonacci Ratios with Pattern Recognition" [1]. Harmonic chart patterns contain ratios based on fibonacci principle. Fibonacci principle is not based in behavioral psychology, it is based in natural law. Harmonic patterns are the first chart patterns, that are not based in behavioral psychology. The main goal of this work is to answer two questions: Is strategy based on harmonic chart patterns more profitable that pasive portfolio strategy? Are the harmonic chart patterns more profitable than the classical chart patterns?
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