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Economic and Financial Valuation of Project Carried out by Privat Investor
Vlastníková, Tereza ; Bártů, Dominik (referee) ; Hromádka, Vít (advisor)
In the theoretical part, I focus on issues surrounding investments. Primarily, investment and financial decision-making. Furthermore, in the same section, I examine sources of finance and indicators of economic efficiency of projects. In the practical section, I focus on establishing of input data, which are used for calculation of indicators of economic efficiency. Mainly, economic result and cash flow. The result of this part is recommendation for an investor, about whether he/she should realise the project.
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Evaluation of Economic Efficiency of Investment Project
Šilarová, Gabriela ; Kozumplíková, Lucie (referee) ; Korytárová, Jana (advisor)
The bachelor thesis deals with the intention of building a business building with a shop and confectionery establishment. The work focuses on the individual parts of the business plan, defining business goals, including steps to achieve it. The thesis also focuses on financial planning, investment in construction of the house and planning of financial flows entrepreneurs. The work also calculate the basic economic indicators that make it possible to objectively evaluate investment and enhance its profitability. Finally there will be provide the sensitivity analysis, which will be given individual external and internal risks. Their influence will be numerically expressed by the percentage change in net present value and internal rate of return.
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Analysis of education influence on the wage level in Czech Republic
Tománková, Martina ; Mirvald, Michal (advisor) ; Křítková, Soňa (referee)
The main objective of this thesis is to find out if and how education influence wage. Logical consideration and existing studies imply that there is a positive correlation in between achieved education and individual´s wage level. The studies, however, vary in size of influence and in the Czech Republic there are very few studies that deal with this topic. This master thesis is based on its own survey from which was obtained a total of 521 responses. The survey was conducted during the period of March to May 2015. Data were analysed and interval regression demonstrated positive correlation between achieved education and wage level. When reaching a bachelor´s degree, an individual´s wage increase on average by 8 % compared to individuals with secondary education with graduation. If an individual reaches master degree, his wage increases on average by 21.9 % compared to the wage of individual who achieved the secondary education with graduation. The analysis has also proven the existence of gender pay gap. According to the results, women in Czech Republic have lower wages by 21.3 % compared to men´s. The study also discusses the achievement of higher education for individuals older than 26 years. Regression analysis showed that obtaining bachelor education for this group has higher yield (14.4 %) than in the analysis of the whole data set. Conversely, obtaining master degree has for this group lower profitability (17.3 %). Part of this thesis was also to calculate the return on investment in higher education. Using the method of internal rate of return, it was found out that the return on investment is 8.3 %.
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Office building as an object of investment decision
Musilová, Tereza ; Král, Bohumil (advisor) ; Šiška, Ladislav (referee)
The master thesis focuses on investments in office buildings. The aim of the thesis is to make an evaluation analysis of investment decision with focus on its informational support and criteria applied in making investment decisions on office buildings market. The thesis is divided into four parts. The first part discusses current development on the commercial property market in the Czech Republic and analyzes in detail the development of the Prague office buildings market. The second part is about main factors that affect value of these properties. The third part describes investors operating on the market and the last part analyzes the economic efficiency of two selected investments. This master thesis is a pilot project generalizing criteria that affect investing in office buildings, and which can be further expanded.
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Evaluation of investment project focusing on the creation of university dormitory
Krokoš, Pavol ; Buus, Tomáš (advisor) ; Loy, Dalibor (referee)
Diploma thesis has a character of a feasibility study which may serve for implementation of a smaller development project. This project is focused on the creation of student dormitory on university level by reconstructing an administration building. The goal of the thesis is to present a basic structure of implementation of such development project from construction and operation view and in terms of financial evaluation based on requirements of a private investor. Furthermore, the document describes in detail the Slovak accommodation market, reasons for such an investment, aspects of reconstruction, operating plan and financial side of the entire investment. Debt-Service-Coverage-Ratio (DSCR)
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Possibilities of Deepening the Theory and Practice of Investment Decisions with an Emphasis on Real Options
Oceláková, Petra ; Valach, Josef (advisor) ; Hrdý, Milan (referee) ; Choulík, Petr (referee)
This dissertation deals with selected areas within capital budgeting theory and practice. The first part is focused on possibilities how to improve traditional financial metrics as net present value and internal rate of return by using graphical tools for their interpretation. The main practical problem can be considered not the methodology itself, but the inability to predict future cash flows correctly. The special attention is paid to depreciation in connection with Czech accounting and tax legislation and its influence on capital decisions. The second part of the dissertation concentrates on real option analysis. The crucial difference between net present value and real options analysis is in how these methods deal with the risk. Mathematical approach is used to derive how the volatility and other parameters affect the theoretical value of an investment determined by real option. The more volatile the future cash flows are the higher theoretical value of the real option should be. Nevertheless, there are some exceptions that are analysed in this paper. In final chapter, total cost of ownership and real option analysis are used to evaluate option to switch from on-premise IT solution to cloud computing.
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Evaluation of prepared investment project
Stránská, Eva ; Scholleová, Hana (advisor) ; Habrnal, Marek (referee)
The topic of the Master's Thesis is an evaluation of a real prepared development project considering strategic analysis. The strategic analysis contains an evaluation of current and expected macroeconomic situation including development of residential market in whole Czech Republic and Prague. The aim is to give a recommendation to investors whether to realize intended investment or not. The theoretical part clarifies specifics of investment decisions, defines entry parameters for investment evaluation and as well as introduces of particular stages of the evaluated investment project. In conclusion of theoretical part is described risk analysis. Introduction of the practical part is presentation of chosen development project. It is followed by analysis of its internal a external potential. After that comes the definition of entry values for evaluation of project by dynamic methods. The conclusion of the practical part includes sensitivity analysis and complex evaluation of investment project.
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Evaluation of investment project in company Gumotex, a.s.
Kuklínek, Jan ; Strouhal, Jiří (advisor) ; Smrčka, Luboš (referee)
This thesis will describe evaluation of investment projects. There are many investment evaluation methods, that is why this thesis will focus just on the most important of them. It will pay the biggest attention to net present value, internal rate of return, index of net present value and discounted payback period. With evalutation of investments it is also connected their financing. Theoretical knowledge introduced in theoretical part will be applied in practical part of thesis. In this part will be evaluated concrete real investment project by methods mentioned in theoretical part of thesis. Thesis will focus on complex evaluation respecting mutual links between methods and there will not be neglected influence of present situation of company on investment decision-making. Then will be evaluated various ways of financing of investment and their influence. On basis of this analysis will be made investment recommendation.
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The analysis of return on investment in education on economic faculties in the Czech Republic
Slezáková, Kateřina ; Mičúch, Marek (advisor) ; Mirvald, Michal (referee)
The purpose of this bachelor thesis is to prove correlation between wage and school degree. For verification is used regression analysis, ordinary least squares method. Here is approved the possitive correlation between wage and school degree so the next is to calculate return of investment in college education. Student are divided into groups according to the place where they come from. For each of them is calculated costs of the study. For the calculation is used method of the net present value as the internal rate of return and payback period. The results shows that the greatest net present value has studying Charles University in Prague. The payback period of investment in college education is greatest in Prague. This is due to higher earnings in the capital city.
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Investment activities of the agricultural company AGRO BYSTŘICE a.s.
Blažek, Pavel ; Holečková, Jaroslava (advisor) ; Jakoubek, Jiří (referee)
The goal of this Diploma Thesis is to evaluate the financial situation of agricultural company AGRO BYSTŘICE a. s. (JSC) in their investment decisions. The thesis has been divided into theoretical and practical parts. The theoretical part has been dealing with the investment's issues as well as with the profitability of investment projects. It continues with the subject of financial analysis and its individual indicators. The practical part concentrates on the company AGRO BYSTŘICE a.s. issues and its investment project. It evaluates the economic profitability of the given project by means of theoretical findings. It considers the results of financial analysis of the company before and after the implementation of investment project.
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