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Vstříc Evropské Ratingové Agentuře
Šrůma, Martin ; Klosová, Anna (advisor) ; Calvano, Giuseppe (referee)
This paper contributes to the literature by presenting a detailed summary of existing problems with credit rating agencies and proposing a model of a European Rating Agency that acts as a competitor and benchmark to the established credit rating agencies. European Rating Agency (ERA) as a new entrant will make a difference by increasing rating transparency and reputation cost for rating agencies at the same time. A vital point when developing the idea of an independent rating agency was the minimization of regulation changes. This will help shareholder to better orientate and understand the functionalities of the European Rating Agency which will make its establishment process easier. Reputation cost (capital) are assumed to be the building blocks that support the unique position of current rating agencies. ERA is modelled specifically to target this information and use the fragile concept of trust and reputation to the benefit of all stakeholder.
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Information asymmetry on the food market
Červinka, Vojtěch ; Horová, Olga (advisor) ; Fučíková, Simona (referee)
This thesis looks into information asymmetry on the food market. In the theory part, it focuses on voluntary labeling and logos, which can help the consumer with his decisions, and analyses the impact of three selected Stream.cz programmes that help in the raising of public awareness. The practical part of this thesis uses mystery shopping to show some currently used misleading and dishonest commercial practices of food producers and sellers. Finally this thesis judges, whether there's any improvement on the food market in the last few years.
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Securitization and her role in current financial crisis
Bísková, Hana ; Jílek, Josef (advisor) ; Hájek, Jan (referee)
Securitization has been one of the most important causes of recent financial crisis. Diploma thesis characterizes subprime mortgage securitization with the emphasis on entities in the process involved and their motivations for securitization use. The thesis describes the most used securitized assets with the emphasis on risks arising from their characteristics. The thesis also clarifies negatives associated with securitization especially moral hazard, asymmetric information on the market and decline in lending standards and that securitization lead to failure of rating agencies evaluation. Thesis connects cheap money policy with increase demand for mortgages that have been securitized afterword and with losses of investors into securitized assets.
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Asymmetric information in the provision of banking services
DVOŘÁKOVÁ, Aneta
The purpose of this work is to review an asymetric informedness in the area of banking services providing by examples of mortgage loans. The asymetric information is tracked in a relation to regulation tools from the banks' and clients' points of view. The work also contains a comparation of individual banking institution offers and a selection of the most suitable variant also in the context of asymetry of information.
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Vliv zdrojů financování na kvalitu terciárního vzdělávání
Jedlička, Roman ; Chytilová, Helena (advisor) ; Pichaničová, Ludmila (referee)
This paper examines impact of the volume and structure of expenditure on quality of tertiary education expressed by the number of elite universities. The thesis also critically evaluates the academic rankings and their methodology. With econometric analysis based on data of OECD countries and partner countries I was able to prove that the total volume of expenditure positively affects the quality of tertiary education. When evaluating structure of expenditures, different results emerged. While the private expenditures positively affect the quality of tertiary education, the impact of the public expenditures on the quality of tertiary education has not been detected. Possible causes of these results are discussed consequently.
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Asymetric information and a contract theory
Fiala, Jiří ; Tříska, Dušan (advisor) ; Bartoň, Petr (referee)
This diploma thesis discusses the problem of asymmetrically distributed information between economic agents who interact with each other. It describes the historical development of asymmetric information in economic theory. It mainly focuses on possible emergence of inefficiencies due to asymmetrically distributed information. It describes the model of adverse selection. The thesis also points out how it is possible to apply this model of adverse selection together with knowledge of contract theory to partly overcome these inefficiencies. The aim of the study is to show on concrete examples how to design optimal contract and how these optimal contract can minimize the impact of asymmetric information on economic efficiency.
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Economic affectivity of health insurance analysis with view to payment of sickness benefits
Paikertová, Sylvie ; Chytilová, Helena (advisor) ; Svoboda, Miroslav (referee)
The aim of my thesis is to calculate expenses and returns brought by the health insurance transformation in the Czech Republic. In particular, economic and social impact due to the change in health insurance payments. The author firstly focuses on implementation of particular economic models in the frame of given and on the characteristics of the health insurance in historical context. The economical theories dealing with analysis of the markets with asymmetric information including its solution through insurance are going to be applied for a chosen topic. Due to the connection with these facts, the main acquisitions of american economists Akerlof, Spence a Stiglitz will be mentioned. Their works solving these problems, were the source. Analytical part concentrates on evaluation of acquired statistical data, concerning the number of sickness absence during the time before and after the reform. Correlation in context of change in health insurance payments will be found. Further, significance of a transition to solidarity principle and effectiveness of shift in government competencies directly to employers in ensuring health insurance payments will be assessed. The research is going to be done like a complement of the analytical part. Main goal of research is, after evaluating relevant data, give a proper insight about influence of a reform on companies. During the work with the data an analytical and quantitative method will be applied. According to the results obtained in practical part, possible alternatives of future development will be predicted. At the same time direct and indirect influence of the reform will be accented. The aim of the work will be evaluation of effectiveness of accepted methods in the reformed system of health care insurance.
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