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Změny daňových systémů ČR a zemí Evropy v důsledku finanční krize
Ukuš, Martin
Diploma thesis is dealing with evaluation of changes in tax systems of European countries in the time of 2000-2012. Especially it focuses on changes in the tax systems of European states occurred after the outbreak of the financial crisis, using cluster analysis are explored similarities in the tax systems of European countries. Another part is trying to capture the effect of parameters of the tax systems on selected macroeconomic indicators (GDP, investment, savings, foreign direct investment).
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Využití korupčního indexu při investičním rozhodování
Konečná, Alena
This bachelor thesis tries to prove or disprove an influence of a corruption index on the investment. This will be derived from the particular values of the corruption perception index and foreign direct investment in to the European Union countries. According to the obtained previous results will be performed deeper analysis in three particular countries. On the base of these results I am going to try to explain found phenomenon. On the end of this thesis there will be a proof of the influence of the corruption index in to the investment decision.
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Risky investments in the family portfolio
Smoleňák, Ivo ; Smrčka, Luboš (advisor) ; Schönfeld, Jaroslav (referee)
Diploma thesis is trying to find the main factors influencing investment decisions of Czech households and effectiveness of their saving. Habits of Czech households are compared with the economically advanced countries, where efficiency in savings is much higher. Work reveals the possibility of value funds, but also the risks that accompany investment. In the final part is swowm, how different could be the effectivenes of risk seeking household in compare to the conservative one.
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Analysis and comparison of structured investment instruments in current market situation
Malečová, Monika ; Buzková, Petra (referee) ; Mejstřík, Michal (advisor)
Financial crisis has indicated a need for a research of the structured financial instruments like ABS, MBS and CDO. A default of one market segment was projected to a global recession by these instruments. Recently, there is a tendency of both, broad and classified public to comprise all structured products under ABS. In this master thesis, we try to demonstrate on a sample of MBS secured by commercial mortgages (CMBS) and residential mortgages (RMBS) that they should be considered as independent instruments. Differences are verified on CDS indices and their interaction with macroeconomic indicators. We base it on models for single-name CDS and extend them for MBS. We use correlation coefficients and models based on three fundamental methods of econometric analysis - Ordinary Least Squares (OLS), Weighted Least Squares (WLS) and Heteroscedasticity Corrected Least Squares. Main contribution of this thesis is a verification of the hypothesis of divergence in structured instruments depending on an underlying asset and also a verification of generally accepted views on the behavior of credit default spreads in economy. Subordinate contribution is a determination of the contemporary leading directions in regulation on financial markets.
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Conception of sport in a town
Kseničová, Lenka ; Kotáb, Jiří (advisor) ; Novotný, Jiří (referee)
This labour is about sport in the town Znojmo. First part explain, why to invest into the sphere of sport. The labour arques, that the state budget of Czech Republic profits of the whole sport's sphere between 1,1-3,7 milliards CZK. Next part is concretely about the town Znojmo and about his sports facilities and organization of sports activities. Municipalities have to support sport by law. I will find some new innovations, which could help to improve this situation of sport in Znojmo and I will find out, if better conditions for sport can decide people to try sport more often.
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Čínské investice ve východní Evropě
Voytsekhivskyy, Anatoliy ; Štěrbová, Ludmila (advisor) ; Žamberský, Pavel (referee)
The goal of this thesis is to provide comprehensive set of information about Chinese investment abroad policy and its approach to Eastern Europe. Introduction and first chapters describe China as a developing country which is trying to diversify its large foreign reserves, and actively to penetrate into foreign markets. Then thesis focuses on Chinese regional investment experience. Natural resources and commodities are prime targets for China in Africa. Meanwhile, Western Europe is perceived as an opportunity to gain knowhow and management experience as well as access to developed markets. Last chapters are devoted to the investment partnership between China and CEE countries and are focused on CEE attractiveness for Chinese corporations. China invests in high tech, telecommunication, automotive, machinery, food and construction industries in Eastern Europe.
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Collective Investment as a Phenomenon of a current market Economy
Pauchová, Klára ; Kraft, Jiří (advisor) ; Navrátilová, Miroslava (referee)
Kolektivní investování je už po dlouhou dobu výmamným sektorem každé vyspělé tržní ekonomiky. V České republice si tuto pozici teprve získává Tato práce se zabývá kolektivním investováním, jeho minulostí, stavem a vývojem. Snaží se přiblížit podmínky českého kapitálového trhu a vystihnout přístup a profil českého investora. Popisuje zákonitosti fungování investic a také nedostatky fondového investování v českém prostředí a snaží se navrhnout jejich zlepšení. Cílem této práce je přiblížit, jakým způsobem toto odvětví finančm'ho trhu funguje, jak se má investor na tomto poli orientovat, nastínit možnosti spolupráce v sektoru sportu a v neposlední řadě vystihnout výmam kolektivního investování a jeho specifika v podmínkách české tržní ekonomiky. Abstract: Collective investment has been viewed as a significant sector of every developed economy for some time now, whilst in the Czech Republic it is stili in the process of being recognized as such. This thesis considers collective investment, its past, its current state and its development. It attempts to explain specific conditions of the Czech capital market, and provides an accurate outline of the approach and profile of the Czech investor. It also describes how the investment laws function, and points out shortcomings of fund investment whilst trying...
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Insurance responsibility for damage caused in relation with a major accident
Žižka, Jan ; Šauer, Petr (advisor) ; Hadrabová, Alena (referee)
My dissertation deals with the insurance responsibility for damage caused in relation with a major accident. The main goal of this task is to evaluate the state intervention in the form of a compulsory liability insurance for firms, which can cause a major accident. In my work I will support the thrust of the state intervention and will try to find a premise for that. I will show that the target of compulsory liability insurance is not to complicate life of new firms or of existing ones. I want to demonstrate that compulsory insurance leads to a better precaution for a major accident and it can also lead to precaution and safety investments. Further, I want to point out that compulsory insurance does not protect only firms, but also their creditors and employees. The protection company is to avoid a pointless risk in case that the firm itself takes too low an aversion towards risk. If the firm employes the compulsory liability insurance, the insurance company becomes another control body that is responsible for safety. This is consequently a benefit for taxpayers, whose money is not used for some damages caused by insolvent companies. The benefit for creditors and injured employees is also a big security in case of an accident, where an insurance company ensures a company's solvency. There are many other good reasons for compulsory insurance, and we can definitely find bad reasons too. Overall however, I see compulsory insurance as beneficial.
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Biofuels used in diesel engines
Voborníková, Tereza ; Písař, Pavel (advisor) ; Petrášek, František (referee)
Impaired environment, political instability in the countries which are the main oil producers, development of the local economies and utilization of the agricultural surplus -- these theses are the main reasons for using biofuels as the alternative. Ambiguous results in these areas and publicity of inaccurate information in media give a chance to various groups to try to enforce their own interests in that area. In this paper I discuss the recent situation of "MEŘO", the dominant bio-component adding to the oil, in the Czech Republic. I study the fuel market relations, production capacities, base of raw materials as well as the impacts of new factory in actual area. I try to find the answers to the most controversial questions. I come to the result that present first generation biofuels are the partial solution of the energetic situation, which could be good for economy and does not threaten consumers. However ecologists and economists criticize. My conclusion is that the investments on second generation biofuels and other alternative fuels development should not discontinue.
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Institutional Factors affecting Investment Inflows in Transitional Countries
Donu, Victoria ; Mertlík, Pavel (advisor) ; Mlčoch, Lubomír (referee)
This thesis investigates the relationship between institutional quality and the level of investment inflows in transitional countries from Central and Eastern Europe. We try to empirically verify the argument that institutional determinants are important in explaining the behavior of investment inflows in transition economies after 1990's. The role of institutions is being assessed using Worldwide Governance Indicators developed by Kaufmann. Consequently, in order to investigate the institutional quality progress specific for transition economies, we employ indicators developed by European Bank for Reconstruction and Development. Applying a panel-data set for ten countries in a period between 1996 and 2010, we conclude that there is a significant impact of institutional quality on investment inflows. In the regression benchmark performed with Kaufmann indicators, we managed to observe an indirect effect due to the fact that the information available on institutions is already incorporated in the macroeconomic variables. In the regression benchmark considering EBRD indicators, we managed to report a clear significance of the institutional determinants on the level of foreign investments. Keywords Foreign Direct Investment, Institutions, Institutional Determinants, Central and Eastern Europe,...
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