|
|
Energy policy of the EU from the point of view of the liberalization of the market of GAS and eletricity in the context of directives of the European Union
Margan, Florian ; Kašpar, Václav (advisor) ; Vošta, Milan (referee) ; Baláž, Peter (referee) ; Šácha, Libor (referee)
The aim of the labor is to review the difference of development in energy politics of each EU Member state, the different development of power and gas production and consumption. Between the aims of this dissertation thesis belongs checking of the power and gas market, detection of weak and strong sites, comparison of association with insufficient production capacities and problems with import of gas from the states outside of EU. The main objective is to describe some important aspects of the co-operation with Russia as a strong partner of today and into the future regarding the gas supplies to EU. Another objective is an answer to a question what does mean liberalization and which influence it has on the energy politics of EU in context of EK Directive with respect to solving of problems with shortage of power, price increase and insufficient investment into the new recourses of energy and cross-border capacities, also the unsatisfactory co-operation between the states of EU in this problem. The future of the European energetic originally set if possible on the highest autonomy of delivery strikes against the problem of fossil fuel recourses decreasing. At the same time the world recourses of a crude oil are decreasing and their rest is estimated for the next 60 years. Considering this situation is the change of the prime fuel recourses structure for Europe unavoidable and actual. It is necessary to count on that the import European independence in the next 50 years will increase rapidly and the import of fuels will be absolutely dominative. The package of solutions which could help to overcome the future crisis is not big enough. The market liberalization with energy recourses of EU should make possible the access and competitive business to the smaller companies on this market and provide the similar market conditions which have oligopolies. In case of EU Member states there is necessary an energy solidarity that is just often discussed. The basic problem is that there should exist the common policy not only of energy but foreign affairs as well. The real progress won't be achieved if we don't accept the clear rules of behavior in energetic by each Government of the EU Member states. The solution I can see in case that we have a Constitution to enable unity in foreign and energy policy, so that reliability, security and stability of power and gas supplies would be sure. In my opinion making of the common energy policy will take a big engagement of all EU Member states and some more time.
|
|
|
Private Equity and Venture Capital Investment
Cupák, Patrik ; Sato, Alexej (advisor) ; Černohlávková, Eva (referee) ; Baláž, Peter (referee) ; Kursová, Petra (referee)
This doctoral thesis is focused on the most progressive part of alternative financing for small business nowadays, on Private Equity and Venture Capital. Despite its undeniable importance, compared to the more traditional ways of collecting financial resources for further business development, only very little research has been done in this area from the point of view of economics sciences. The recent world financial crisis has only served to highlight the importance of Private Equity. However, the theory is still unable to provide answers to many questions raised by practice. In view of that, the main aim of the thesis is to provide detailed description of the field, examine the current trends in Private Equity investment and introduce Private Equity as one of the most perspective systems of business activity financing. The thesis is divided into three main parts. The definition of financial market, its functioning as well as the main agents are included in the first part of the dissertation. The second part deals with the comparison between the EU and its new member states represented by the region of Central and Eastern Europe, and also examines the factors that have been influencing Private Equity development in the last four years and their mutual interdependencies. In the third part, the original valuation model measuring total returns of Private Equity investments is developed. In his dissertation, the author tests the following hypotheses: 1. Private Equity can be considered as one of the most risky investments among all. Total return from PE is well above the average of any other forms of investment. 2. The total amount of Private Equity investments in CEE region is growing steadily. The largest part of this investment is constituted by Buy-outs. Both tested hypotheses are confirmed. This doctoral thesis of Patrik Cupak provides a detailed analysis of Private Equity investments development. The main contribution of the dissertation is the fact that it represents the first analysis comparing the actual situation in Private Equity investments in European and CEE region of this type. The thesis also has significant theoretical and practical contributions due to its wide content and original analysis in this field. Its findings can be thus used in both, practice as well as the academic field.
|
|
|
The Comparison of the European Union Funds for Environment in the Czech Republic and in Selected Member States of the European Unio
Novotný, Tomáš ; Kašpar, Václav (advisor) ; Petříček, Václav (referee) ; Baláž, Peter (referee) ; Kříž, Jan (referee)
Práce popisuje a porovnává přístupy vybraných nových členských států Evropské unie (Česká republika, Slovenská republika, Bulharsko, Rumunsko) v oblasti čerpání fondů EU na životní prostředí, upozorňuje na odlišnosti, zdůrazňuje opakující se chyby a jak je možné se jich vyvarovat. Práce dále popisuje praktické problémy, které se mohou vyskytnout při přípravě strategických dokumentů, jednání s Evropskou komisí, se žadateli, vyhodnocování žádostí a realizaci projektů. Dále upozorňuje na příležitosti podnikatelských subjektů v ČR v oblasti ochrany životního prostředí a načrtává rovněž možný vývoj čerpání evropských dotací v nejbližších letech.
|
guest ::
RSS feed.