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Vyjádření závislosti mezi rizikovou prémií a ratingovým hodnocením
Závojko, Tomáš
Závojko, T. Dependencies between risk premium and rating. Diploma thesis. Brno: Mendel University in Brno, 2016. Diploma thesis deals with the setting the amount of risk premium for different ratings groups and expression dependencies between risk premium and rating. This issue is connected to the foreign direct investment. In this thesis are used two methods of calculating of the risk premium. In the first method is attributed to the domestic interest rate risk premium, which corresponds to the rating eval-uation of the countries. In the second method, which is used by Damodaran, is used in the context of WACC model CAMP, which reflects the risk premium of countries. This two methods are compared in the conclusion and is answered the thesis, if declining sovereign rating lead to grow in the risk premium and which type of growth it is.
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Essays in Behavioural and Experimental Economics
Matoušek, Jindřich ; Havránek, Tomáš (advisor) ; Miklánek, Tomáš (referee) ; Rachinger, Heiko (referee) ; Gechert, Sebastian (referee)
CHARLES UNIVERSITY FACULTY OF SOCIAL SCIENCES Institute of Economic Studies Essays in Behavioural and Experimental Economics Abstract for Dissertation thesis Author: Mgr. Jindřich Matoušek Study program: Economics and Finance Supervisor: prof. PhDr. Tomáš Havránek, Ph.D. Year of defense: 2022 Abstract The dissertation consists of three papers presenting applications of experimen- tal as well as statistical methods to the topics of behavioural economics. The first paper introduces a series of laboratory experiments in which I apply the experimental methods to a complex decision making problem. The second and third papers present quantitative syntheses of the literature on the classi- cal topics of behavioural economics. The general introduction connects these chapters together. Detailed abstracts for individual papers are presented at the beginning of each chapter. In the first paper, I experimentally examine two complex multi-unit auc- tion mechanisms with an opportunity to communicate and thus collude while comparing these mechanisms in terms of efficiency. Strikingly, allowing for communication increases efficiency in examined auction formats. A cheap-talk collusive agreement resulted in a better allocation compared to the treatments without communication. I hypothesize that complex auction formats makes...
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Valuation of Engineering Company using Income Capitalization Approach
Holly, Kristýna ; Karas, Michal (referee) ; Režňáková, Mária (advisor)
The diploma thesis deals with the determination of the value of the company Mubea IT Spring Wire s.r.o. by using method of discounted cash flow in entity variant as at 31. 12. 2020. The theoretical part is focused on the description of basic concepts and all analysis applied in the practical part. The practical part contains of strategic and financial analysis, prognosis of value drivers, the compilation of a financial plan and determination of the value of the company.
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The Evaluation of the Investment Project
Koštur, Petr ; Poláček, Tomáš (referee) ; Luňáček, Jiří (advisor)
This master’s thesis deals with a comprehensive evaluation of the company's investment related to the purchase of construction machinery. All calculations are performed according to the theoretical basis introduced in the beginning. To evaluate the effectiveness of the investment, static and dynamic methods are used, together with the sensitivity analysis of individual risk factors. The probability of possible scenarios is determined using a Monte Carlo simulation. To conclude, recommendations whether the project should be implemented is given.
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The evaluation of the effectiveness of a particular investment project
MARKYTÁNOVÁ, Zdeňka
The aim of the thesis is to evaluate the effectiveness of ABC's investment project using selected methods of economic evaluation of the investment effectiveness and another aim of the thesis is to select the optimal variant of financing the investment project with a view to minimizing costs. Given that it is a manufacturing company, the calculation of products X and Y based on the data provided by the company is used as the basis for determining the future income from the investment project. The calculation is based on the actual production capacity of the machine. The prediction of revenue and expenditure is based on a 4% year-on-year increase. Expenditure also includes costs related to the use of foreign capital, as the use of the INFA modelwhich is used in this work to calculate the discount raterequires a cash flow adjustment to the equity method. When establishing the cash flow, a direct method based on a revenue and expenditure plan was used. Due to the planned expenses for the production machine insurance and credit repayments, these items are also taken into account in the cash flow. The other aim is to select a method of financing the investment project with a view to minimizing costs. The company does not have sufficiently high equity capital that could be used to finance the investment project, which is why drawing of a business loan and the possibility of financing through finance leases are proposed as ways of securing financing. The proposed financing methods and their valuation, taking into account the minimization of costs, are based on the discounted business loan and finance lease expense method.
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Evaluation of investment to municipal housing in Ceske Budejovice
Strouhalová, Dagmar ; Kocourková, Gabriela (referee) ; Vaňková, Lucie (advisor)
Bachelor thesis deals with the evaluation of the public economic investment in urban apartments in České Budějovice. The first half of the Bachelor's thesis is focused on the explanation of the concept of public investment, describes the sources of funding and the methods by which we can evaluate public investment. The practical part is already focused on the reconstruction of the distribution of one housing unit in two. The work is described in the specific investment project, and designed the cash flows. Subsequently, the economic efficiency is evaluated public investment
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Effectiveness of Investment Options
HOUDKOVÁ, Eva
This bachelor thesis focuses on the evaluation of project process based on technical-economic studies under the terms of pre-investment preparation. It indicates a selection of one of the proposed investment options, a view of the economic benefits of the company and the choice of appropriate forms of financing this investment with regards to the risks. Subsequently it defines final investment and financial decision of the chosen investment project with opportunity of variant solution. Based on terms such as investment activity, listing the main methods of the investment effectiveness evaluating and basic forms of financing. Practical part collects the course of real investment project from the initial phase comparing possible options through evaluating the effectiveness of selected options up to the selecting appropriate financial forms of the observed project.
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Financial and Economic Feasibility of Public project
Rusek, Jakub ; Škrabal, Jiří (referee) ; Hromádka, Vít (advisor)
The topic of the bachelor’s thesis is financial and economic feasibility of public project. The theoretical part specifies issues of public sector, economic evaluation and basic characteristics of public project. This part provides assessment approaches of financial feasibility of public project and gives examples of individual ways of financing. The thesis also includes cost assessment methods of public project. The last part is practical evaluation of economic and financial feasibility applied on specific example.
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