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Survival Strategies in Times of Crisis in the Global Automotive Industry
Hampl, Ondřej ; Sedláková, Jitka (referee) ; Škapa, Stanislav (advisor)
Tato diplomová práce se zabývá situací na celosvětovém automobilovém průmyslu v době právě probíhající finanční krize. Popisuje dané odvětví pomocí mikro a makro ekonomických modelů. Dále také uvádí globální trendy a specifika daného průmyslu. Autor prezentuje své názory na aktuální finanční situaci a analyzuje její dopady na automobilový průmysl. Tyto závěry se opírají o teorie strategického managementu a o analýzy dané problematiky. Na základě těchto poznatků pak autor navrhuje strategie, které by v kritických případech mohly vézt k záchraně a vyzdvihuje příležitosti, ze kterých by bylo možné profitovat. Práce poskytuje čtenáři teoretický pohled na aktuální ekonomikou situaci v automobilovém průmyslu a nabízí autorovy hypotézy na strategie, které by mohli vézt z krize v tomto odvětví.
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Unfavorable economic situation and its effect on business performance in the selected sector
BRYMOVÁ, Nikola
This thesis provides information about a chosen company, but also about the industry, which the company belongs into. The thesis includes financial analysis, which was made towards answering the question of "what effect has an adverse economic situation on efficiency of the company", with industrial specification taken into account. Methods of financial analysis, particularly horizontal and vertical analysis of accounting statements, analysis of ratio indicators and analysis of indicators framework were applied to the chosen company. The benefit of this thesis is the comparison of causes and consequences of the global economic crisis in 2008 and 2009 and also the crisis, which was caused by covid pandemic in 2020. On the basis of financial analysis, the main deficiencies in the company's economy are found. And last, but not least there are also stated final recommendations, which could help in subject matter decision-making of the company in the future.
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An empirical analysis of liquidity situation and interbank market rates in the Czech Republic during global crisis
Lešanovská, Jitka ; Geršl, Adam (advisor) ; Horníková, Martina (referee)
This diploma thesis focuses on the development of the interbank market liquidity and interest rates in the Czech interbank market with special focus on the period of global crisis. We analyze determinants of the interbank interest rates and their development with respect to the key monetary policy rate. We explain the significant departure of the interbank interest rates from the key monetary policy rate (impairment of monetary policy transmission) during the global crisis by an increase in risk premia on interbank lending. The source of the risk premia is decomposed into the individual components such as liquidity risk, counterparty risk, foreign influence and other factors. Their contribution to the overall risk premia over time during the global crisis is analyzed. We find that the liquidity risk was the key determinant of tensions in the Czech interbank market in the beginning of the global crisis. However, its influence weakened over time while the role of counterparty risk increased. Keywords: interbank market, liquidity, interest rates, crisis, risk premia, credit risk, liquidity risk, counterparty risk JEL classification: G190, G210
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FDI drop in Slovakia during the economic crisis (2008-2010)
Stoila, Martin ; Kučerová, Irah (advisor) ; Knutelská, Viera (referee)
The thesis discusses the causes of the sudden FDI drop in Slovakia during the economic crisis when R. Fico's government was in power. The drop came after Euro adoption, deep structural reforms and overall attractiveness of the country for the foreign investors. Mainly qualitative methods are utilized in the paper - coding was found to be the most appropriate method to analyze the reasons companies stated for leaving the country. Almost 64% of the investors mentioned crisis as the main cause of their departure. It was followed by company's strategy, the government's policies, strong currency and old machinery and technologies used in the factory. Thus, the hypothesis, which stated that the main reason for FDI plunge were policies of then government in combination with effects of economic crisis, was not confirmed.
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The crisis, mergers, changes in ownership and cosolidation - the economical development of czech media companies in years 2009-2013 and cosequent change of the ownership
Beránek, Jan ; Moravec, Václav (advisor) ; Benda, Josef (referee)
This thesis is dedicated to the significant change in media ownership in the Czech Republic which occured during the Global crisis in 2008 - 2013. In this period almost all foreign owners sold their media to the local enterpreneurs, who took over almost all media houses. This shift happened under generally less comfortable matket conditions, which have hit mostly the printed media. The local enterpreneurs are naturally much more interested in local politics. This text describes these changes and uncovers the economic reasons that led to it, including the extensive research into publicly available, yet not analysed annual reports of media companies. The conclusion is that the foreign owners generally earned well in the Czech market and that they have decided to use the crisis as a good moment to sell. The arrival of new domestic owners caused worries about their possible interference with kontent and by 2017 there are some hints suggesting that they may use the media against the opponents. But there is a fact that may prevent them: the thesis proves how worth the position on the market is. And this should at least limit these efforts.
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The Impact of the Global Crisis 2008-2009 on the US Economic Policy Development
Mintál, Jakub ; Neumann, Pavel (advisor) ; Jedlinský, Jakub (referee)
The aim of the thesis is to characterize the development of economic policy from the beginning of the financial crisis to the current policy in the United States and to determine the impact of this policy on the economy of the United States. The first chapter of this thesis deals generally with the global crisis and solves the cause of the crisis. The second chapter deals with economic policy and describes anti-crisis measures of fiscal and monetary policy. The last chapter deals with the development of key macroeconomic indicators, the development of government debt and Fed's criticism, and evaluates the effectiveness of economic policy.
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FDI drop in Slovakia during the economic crisis (2008-2010)
Stoila, Martin ; Kučerová, Irah (advisor) ; Knutelská, Viera (referee)
The thesis discusses the causes of the sudden FDI drop in Slovakia during the economic crisis when R. Fico's government was in power. The drop came after Euro adoption, deep structural reforms and overall attractiveness of the country for the foreign investors. Mainly qualitative methods are utilized in the paper - coding was found to be the most appropriate method to analyze the reasons companies stated for leaving the country. Almost 64% of the investors mentioned crisis as the main cause of their departure. It was followed by company's strategy, the government's policies, strong currency and old machinery and technologies used in the factory. Thus, the hypothesis, which stated that the main reason for FDI plunge were policies of then government in combination with effects of economic crisis, was not confirmed.
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An empirical analysis of liquidity situation and interbank market rates in the Czech Republic during global crisis
Lešanovská, Jitka ; Geršl, Adam (advisor) ; Horníková, Martina (referee)
This diploma thesis focuses on the development of the interbank market liquidity and interest rates in the Czech interbank market with special focus on the period of global crisis. We analyze determinants of the interbank interest rates and their development with respect to the key monetary policy rate. We explain the significant departure of the interbank interest rates from the key monetary policy rate (impairment of monetary policy transmission) during the global crisis by an increase in risk premia on interbank lending. The source of the risk premia is decomposed into the individual components such as liquidity risk, counterparty risk, foreign influence and other factors. Their contribution to the overall risk premia over time during the global crisis is analyzed. We find that the liquidity risk was the key determinant of tensions in the Czech interbank market in the beginning of the global crisis. However, its influence weakened over time while the role of counterparty risk increased. Keywords: interbank market, liquidity, interest rates, crisis, risk premia, credit risk, liquidity risk, counterparty risk JEL classification: G190, G210
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Margins of Trade: Czech Firms Before, During and After the Crisis
Galuščák, Kamil ; Sutóris, Ivan
We investigate the extensive and intensive margins of trade of Czech firms in periods before, during and after the crisis of 2008–2009. The intensive margin explains most of the aggregate export growth in 2006–2014, which corroborates previous findings for other countries. The contribution of the extensive margin is smaller, explaining on average 39% of the aggregate export growth in 2006–2007 and around 25% to 30% of that in the post-crisis period. The lower contribution of the extensive margin may signal a lower rate of convergence of the Czech economy. The results indicate that the crisis had a more severe impact on small exporting firms and that exports to countries outside the EU gained more prominence in the post-crisis years. Our results are similar to findings from previous studies on the impact of participation in global value chains on firms’ trade. Specifically, a more negative impact of the crisis was observed for exports with higher import intensity. Overall, our results point to the importance of using disaggregated data in the analysis of countries’ export performance.
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Survival Strategies in Times of Crisis in the Global Automotive Industry
Hampl, Ondřej ; Sedláková, Jitka (referee) ; Škapa, Stanislav (advisor)
Tato diplomová práce se zabývá situací na celosvětovém automobilovém průmyslu v době právě probíhající finanční krize. Popisuje dané odvětví pomocí mikro a makro ekonomických modelů. Dále také uvádí globální trendy a specifika daného průmyslu. Autor prezentuje své názory na aktuální finanční situaci a analyzuje její dopady na automobilový průmysl. Tyto závěry se opírají o teorie strategického managementu a o analýzy dané problematiky. Na základě těchto poznatků pak autor navrhuje strategie, které by v kritických případech mohly vézt k záchraně a vyzdvihuje příležitosti, ze kterých by bylo možné profitovat. Práce poskytuje čtenáři teoretický pohled na aktuální ekonomikou situaci v automobilovém průmyslu a nabízí autorovy hypotézy na strategie, které by mohli vézt z krize v tomto odvětví.
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