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Rozvoj P2P platforem v České republice
Sikora, Václav
Sikora, V. Rozvoj P2P platforem v České republice Bakalářská práce. Brno: Men-delova univerzita v Brně, 2018. This bachelor thesis deals with development of P2P in the Czech Republic and abroad. The thesis defines the general peer-to-peer concept with regard to the use of this concept in the context of money lending among people. It analyzes the emergence and development of peer-to-peer platforms, sets out the legislative framework and also risks associated with their activities. Part of the thesis is also analysis of marketing communication and subsequent recommendation for pre-selected Czech P2P platform, which is based on SWOT analysis, PESTE analysis of marketing communication of the company and questionnaire survey.
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Získávání externích finančních zdrojů v malých a středních podnicích
Mikuličková, Eva
This bachelor thesis analyses the acquisition of external financial resources in small and medium enterprises. The aim of the bachelor thesis is to find out the parameters that are decisive for acquiring external financial resources in SMEs in the Czech Republic, based on consultations with the relationship manager. The partial aim will be to identify the advantages and disadvantages in acquiring external financial resources in the banking and non-banking markets for SMEs. The thesis is based on an analysis of the possibilities of financing small and medium-sized enterprises and the credit process in the Czech Republic.
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Portfolio optimization for an P2P investor on Zonky
Jonáš, Filip ; Polák, Petr (advisor) ; Máková, Barbora (referee)
This thesis analyzes the Czech peer-to-peer lending platform Zonky. The goal was to find the optimal portfolio for a risk-averse investor investing in Zonky loans. For this purpose, the Modern portfolio theory from Markowitz was used. Based on the provided loan book containing information about loans which Zonky has provided since its foundation we examined the statistical properties of the individual risk categories represented by the interest rate charged. The optimization was done using the Excel Solver tool assuming that the loan categories are uncorrelated as well as considering the correlation we found using the variance- covariance matrix. For both cases, the portfolio minimizing the standard deviation as well as the portfolio which maximizes the Sharpe ratio was found. Generally, both types of portfolios were comprised mainly of loans with lower interest rate. According to our results, it seems that such loans offer better relationship between risk and return compared to categories which are riskier. Also, we showed that the platform's recovery rate has a significant impact on the performance of the loan categories especially of those which are among the riskiest. Furthermore, we demonstrated that the correlation between individual risk categories should not be ignored when a portfolio...
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Credit Risk of P2P Lending on the Czech Market
Čermáková, Jolana ; Dědek, Oldřich (advisor) ; Čech, František (referee)
This thesis analyzes an emerging peer-to-peer lending industry, while intro- ducing its main features and risks, where the risk of default and its moder- ation gets the most attention. Uniquely provided data from the front Czech platform Zonky containing nearly 6 000 observations serve as a baseline for credit risk modeling. It has been investigated which variables have the largest effect on default on the Czech P2P market. The final model is used to predict the associated probability of default and to compute the credit score for potential borrowers using these online platforms. Results support the fact that education, age, way of living, expenses, marital and employment status, income and the number of children are significant variables when determining the risk of default. Many of these findings are in accordance with previous international papers published on this topic.
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Analýza trhu P2P půjček
Rolák, Martin ; Radová, Jarmila (advisor) ; Rajl, Jiří (referee)
The subject of this thesis is to map the development of p2p lending in the US. Firstly, we compare the different business models and roles in the current monetary system of commercial banks and p2p platform lenders. The structure as well as trends of p2p lending industry are described. The returns of p2p loans are compared with traditional assets such as bonds, stocks and commodities in the 2011-2016 period. The last part of the thesis examines the loanbook of the most prominent p2p platform lender, Lending Club.
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Analysis of p2p loans market
Štegner, Jaroslav ; Radová, Jarmila (advisor) ; Rajl, Jiří (referee)
The thesis is focused on analysis of market with p2p loans, which are provided by online platform as an intermediary between investors and borrowers. The work contains theoretical and legislative resources for establishment, development and everyday operating of a platform. Further the concept of p2p lending is developed as another asset class available to investors.The thesis contains analysis of unsecured credit market in Czech republic and it trying to find the most potential part of this market for p2p loans. It also includes an overview of the most important domestic and foreign platforms and investment recommendations for investors.
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