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Crisis in international financial markets
Mikitová, Ingrida ; Witzany, Jiří (advisor) ; Witzany, Jiří (referee)
In my final thesis, I try to outline the issues of the crisis in international financial markets. The aim is to describe the important causes and catalysts which stand behind the recent global crisis. Work primarily refers to deficiencies in regulation and risky transaction, the decisions of people who are now looking for cure for infected economy. Much of the work deals with the analysis of the causes of the crises which had disastrous impact on the markets. The reader should be also be familiarized with the currently discussed reforms in the regulation and supervision of financial markets.
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Managing financial risks in an insurence company
Čech, Tomáš ; Marek, Luboš (advisor) ; Branda, Martin (referee)
The graduation thesis addresses the problems of managing and measuring of financial risks in activities of insurance companies. The first chapter handles the definitions of the financial risk and it classification. The second chapter defines a random variable returns of measure of financial assets. Sets up formulas of the return measure and also focuses on problem of time aggregation. The third chapter theoretically describes methodology of value at risk as the most widely used method for measuring and managing risk by insurance companies and regulatory authority. The fourth chapter contains an empirical study from practice which compares the two basic method of computing value at risk. The fifth chapter is the main part of the graduation thesis and focuses on verifying of the model and his imperfections. It verifies also achievements of initial assumptions. The sixth chapter targets on possibilities of extension value at risk method by liquidity risk incorporation.
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Evaluation of investment project
Hejdová, Zuzana ; Scholleová, Hana (advisor) ; Odcházel, Jiří (referee)
This thesis deals with the real investment project. The aim was to determine the value of this project and its subsequent recommendation or rejection. The theoretical part is aimed at defining the concepts and methodologies, with which it is possible to encounter in evaluating projects. A separate chapter is devoted to real options. First set of financial options and they are established with the problems of valuation of the rights related to tangible assets. The practical part is devoted to determining the parameters needed to evaluate the traditional conventional methods. Sensitivity of the calculated NPV is tested using Monte Carlo methods. Subsequently, the methodology is applied to real options and is valued flexibility resulting from the project. The performed calculations show that the methodology of real options is an effective complement to traditional evaluation methods, which allows operators to make decisions, quality assessment of options.
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The Impact of Crisis on the Financial Management of the Company
Turková, Andrea ; Kislingerová, Eva (advisor) ; Schönfeld, Jaroslav (referee)
Work deals with the impact of global economic crisis on the financial management of small and medium sized companies. It highlights the differences in tools and management methods, justifying the need to strengthen stability and likvidity. It also stresses the importance of searching for financial risks and gives indications on how to identify, measure, and how to hedge against them. It furthermore describes the system Balanced Scorecard, which provides us with a balanced view of financial and non-scale dynamics of future performance.
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Use of Derivatives in International Trade in Agricultural Commodities
Plchotová, Jitka ; Sedláček, Jiří (advisor) ; Chalupa, Leoš (referee)
The aim of this diploma thesis is to theoretically describe the risks connected to entrepreneurship. Stress is put mainly on financial risks that are related to price shifts of agricultural commodities and to changes in the exchange rates. The basis lies in theoretical identification of the nature of possible risks, methods of risk evaluation and description of instruments that serve for the risk elimination. This theoretical knowledge is further applied in case studies dealing with hedging of commodity and currency risks of firms that conduct business in agricultural basic industry. The analysis of firm's position, demonstration of hedging and final evaluation of efficiency are included.
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System for assessing projects in terms of risk
Šustrová, Lenka ; Švecová, Lenka (advisor) ; Novotný, Petr (referee)
The goal of this work was to create a system of risk assessment in companies engaged in software development. In the aplication part three already finished projects were analysed. The result of the analysis was compiling a register of risks. The register contains a list of 14 causes and 4 key risk factors. At first these risk factors and their causes undergo an expert evaluation by a subjective probability of their occurrence and intensity of their potential impact in the system. Experts' estimation of the impact strength is complemented by a sensitivity analysis. Subsequently, the system evaluates the risks and compiles a list of key risks. System also provides with arrangements that serve to reduce the extent of key risks. In conclusion, the system carries out a quantitative analysis in the form of a probability tree.
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Solvency II
Menclová, Petra ; Bokšová, Jiřina (advisor) ; Randáková, Monika (referee)
This thesis focuses on the new regulatory regime for the insurance sector called Solvency II. The aim of this thesis is to introduce and explain the structure of the new regime with its advantages and further to provide an overview of the most important problems linked with the draft of the new directive and the implementation itself. The thesis is divided into five parts. The first two parts shortly survey the current situation in the regulation of insurance markets together with the risks typical for the insurance industry. The third part explains the current rules for solvency calculation and the actual reasons for the introduction of the new regime. The fourth part generally describes the Solvency II directive proposal. Finally, the fifth part deals with the expected impact of the new solvency concept on the insurance market as well as the management of insurance companies.
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Entrerpreneur and his perception of risk
Stanislav, Jiří ; Lukeš, Martin (advisor) ; Schuster, Karel (referee)
This thesis is focused on entrepreneurial thinking and on the perception of risk of particular entrepreneurs. The introduction acquaints the reader with the thesis scope and contains descriptions of particular chapters. The thesis goals are also described shortly. The thesis is divided into two main parts -- a theoretical part and an applied (practical) part. The theoretical part includes entrepreneurial factors which influence entrepreneurial risk, a description of risk, and a risk analysis with respect to entrepreneurs` working and personal life. The applied part contains data analysis which was gathered during in-depth interviews with particular entrepreneurs. Analysis is drawn up based on the theoretical aspects.
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