|
|
Economic capital management of top-ranked world banks
Vejdovec, Ondřej ; Teplý, Petr (advisor) ; Baruník, Jozef (referee)
The thesis is focused on economic capital management of top-ranked world banks. A basic theoretical framework is summarised at the beginning. The theoretical framework is then utilised in the main - empirical part. Since economic capital is not a figure commonly reported in any available database, we have created our own database based on annual reports of top fifty world banks of the year 2008. Based on this database we provide an extensive empirical study focused on years 2007-2010. Even though one third of the banks disclose economic capital only, thanks to our approach combining both quantitative and qualitative analysis we were able to study the topic in detail. Within quantitative part the development of economic capital and its allocation is studied, the differences between regulatory and economic capital in time is measured, a relationship between quality of economic capital disclosure and rating is searched for and relationship between the value of economic capital and changes in profits during financial crisis is studied. The qualitative part consists of case studies of fourteen banks. It is focused on special and unique features of economic capital management of individual financial institutions.
|
|
|
Regulation of Hedge Funds and Private Equity in the Light of the Global Financial Crisis
Šinka, Michal ; Teplý, Petr (advisor) ; Buzková, Petra (referee)
The aim of the thesis is to analyse the non-bank regulatory framework with particular attention devoted to hedge funds and private equity funds. The thesis describes functioning of the funds, discusses their performance during the global financial crisis of 2007-present and, predominantly, describes and analyses the EU and U.S. regulatory reforms with respect to these institutions which have arisen as a response to the crisis. Based on the analysis of the measures incorporated in these reforms, the thesis outlines its own proposal of an alternative investment fund regulatory framework which, if applied, would lead to a more efficient functioning of the alternative investment industry than what is likely to be the outcome of the already adopted reforms. The nature of the thesis is institutional; its methodology is characterized by a broad literature survey. Hedge funds and private equity funds are considered both in pre-crisis context as well as in circumstances that have been brought about by the crisis. Several hypotheses concerning systemic risk and the approach of the regulatory reforms to it are assessed. Mostly qualitative analysis is employed to evaluate the hypotheses.
|
|
|
Role kultury v oblasti private equity a rizikového kapitálu
De Oleza Ferrer, Carles ; Tyll, Ladislav (advisor) ; Kubíček, Aleš (referee)
The main purpose of this thesis is to understand if Investors working in Private Equity and Venture Capital understand what corporate culture is and take it into account when deciding whether to invest or not in a startup or a target company. In order to reach this goal, an empirical research has been developed, interviewing a sample of private equity fund managers and professional business angels, selected randomly and without any personal connection to the author.
|
|
|
Private equity fund greenhouse business plan focusing on the financials
Bartoš, Jan ; Krause, Josef (advisor) ; Machek, Ondřej (referee)
The thesis analyses and discusses the creation of a business plan inside a private equity fund. The business plan deals with the development and management of a fully illuminated and heated greenhouse and focuses mostly on the financial part, due to reasons explained in the thesis. In the theoretical section, the author discusses the developments in the entrepreneurship and private equity field and follows by describing the important terms concerning a business plan, its structure and the approach to its creation. The practical section deals with the circumstances in which this business opportunity is considered and covers the business plan itself, specifically the market analysis, marketing approach, operational side and financials in detail. The aim of this exercise is to validate the market expectations and economic rentability of the whole project. To this end the author utilizes several standardized criterions for investment assessment.
|
|
|
Private Equity as a Form of Investment
Bolf, David ; Luňáček, Jiří (referee) ; Zinecker, Marek (advisor)
The diploma thesis deals with the different ways of investment in Private Equity. The work is focused on investment decision making, investment process and due diligence. In the analytical part, the author evaluates the results of the questionnaire, which focuses on the factors of investment decision. Factors that investment decisions are divided into three categories examined by the author.
|
|
| |
|
| |
|
|
Venture Capital in Supporting Innovative Start-Ups in the Czech Republic
Koppitz, David ; Dvořák,, Ivan (referee) ; Zinecker, Marek (advisor)
Innovation entrepreneurship is built not only on a quality idea, but also on the availability of start-up capital and management skills of the idea owner. The insufficient finance often limits the success and growth potential of start-ups. When seeking support to individual business plans, allowing for entry of a business angel could be an option. Business angels are private, mostly experienced investors who invest in SMEs with high growth potential not only financial capital, but also business know-how, contacts and management experience. Thesis evaluates possibilities to use venture capital offered by business angels to support innovative start-ups and on several case studies assesses readiness of innovation and business environment from the investors’ point of view.
|
|
|
Private equity and leveraged buyout
Růžička, Jakub ; Pláničková, Markéta (advisor) ; Plánička, Pavel (referee)
The goal of the Thesis was to perform a research about the Private Equity industry and Leveraged Buyout type of deal. Within practical part of the Thesis, was goal to create financial model and use it to analyse real case LBO transaction. Due to lack of Czech literature about the topic and secrecy of the industry, foreign studies and literature were primary source of information but also an interviews with Czech investment professionals and advisors. In practical part of the Thesis was created general LBO model with Microsoft Excel, with functions able to perform different LBO transactions. This financial model, was later used to perform LBO acquisition analysis of company Severomoraské vodovody a kanalizace Ostrava a.s.
|
|
|
Real estate project valuation
Dokulilová, Vlasta ; Špička, Jindřich (advisor) ; Vandas, Martin (referee)
The master's thesis deals with the evaluation of a specific investment opportunity on the private equity real estate market in the Czech republic. The analysed investment project offers rare opportunity to create additional cash flow to the project under the management of the new owner. The theoretical part will define the core problematic of investment decision making process and the evaluation of investments. Practical part is focused on building a projection of cash flow and analysis of various return scenarios by using the internal rate of return as a key financial criteria to evaluate the investment opportunity.
|
guest ::
