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The housing estates’ regeneration in accordance with the interests of the heritage care
Řepková, Hana
This methodical guide is based on a synthesis of three approaches to the revitalization of panel housing – urbanist, heritage and architectural. The guide aims to contribute to increasing the lifespan of panel housing while maintaining the estates‘ key values for their residents. It provides suggestions on how best to cultivate the housing estates‘ environment and to positively influence their status within the commonly held image of inhabited landscapes as an effective part of sustainable development of the structure of settlements in the Czech Republic. The guide strives to effectuate change in societal opinion by showcasing panel housing’s domestic history, embodied values and potential for development within the international context. Aside from foreign experiences, it focuses on an original and proven domestic method of facade appearance regulation. Adherence to basic regulations for the foundation and continuous upkeep of traditional urban structures helps panel housing to become a regular part of said structures. The guide encourages searching, appreciation and protection of outstanding and original solutions. The recognition of the specifics of Czech housing estates, which the guide identifies, is to serve as a starting point for their universal acceptance and eventual heritage care.
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Democratic erosion and media in Central Europe
Nováčková, Michaela ; Guasti, Petra (advisor) ; Mlejnek, Josef (referee)
The bachelor thesis analyses the declining media freedom in relation to the transformation of the ownership structure in Hungary and Poland. In the theoretical part, it introduces the reader to key concepts and definitions of democratic backsliding, which places in the context of the basic historical development of media freedom in the two selected countries. In the analytical part, the thesis focuses on three variables: state advertising, ownership structure and delegitimization of journalists, according to which it compares the situation in Hungary and Poland on the basis of a paired comparison. The aim is to find out what effect the changing ownership structure has on media freedom and how this is reflected in the quality of democracy of political regimes.
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Capital Regulation, Bank Ownership and Bank Risks: Evidence from Central and Eastern Europe, and Asia
Gwee, Tian Jie ; Gregor, Martin (advisor) ; Dědek, Oldřich (referee) ; Bruno, Randolph Luca (referee)
The aim of this thesis is to investigate the association of ownership structure and bank risk-taking as well as the effects of capital regulation. This study employs simultaneous equations, panel data and instrumental variables (IV) models on a sample of 192 banks from Eastern Central Europe and Asia Regions from 2005-2014. An assessment was made on how banks adjust their capital level as well as portfolio risks when there is a minimum capital regulatory ratio. The results indicate that firstly, banks react to the capital regulatory pressure by increasing capital and changes in capital and bank risk changes are positively related. Secondly, it is found that Foreign-owned banks have higher default risks than Domestic-owned banks; however, Government-owned banks are more stable in terms of asset risks measure during the year when there is election. When taking the market forces into account, in listed banks, insider owners and institutional owners have positive impacts on asset risks while positive asset risks on listed Government-owned banks only during the election. Finally, the findings also show that when capital regulation is taken as a moderating variable, it has influenced the impacts of ownership structure and bank risk, however, the increasing effects can only be proven for insider owners...
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Equity incentives and company performance
Šářec, Theodor ; Kočenda, Evžen (advisor) ; Hlaváček, Michal (referee)
1 Abstract The equity-based incentives are considered to be one of the instruments helping to motivate executives. The use of this compensation framework should in theory tackle and mitigate the agency problems, and prevent the possible attempts of managers to pursue their own interest over the interests of shareholders. The literature focusing on the effects differs greatly. There is no conformity over the effect of equity compensation on company performance. This research study the effect of CEO-related equity incentives and stock ownership on company performance. The main finding is the positive effect of the equity incentives measured by the percentage of CEOs' equity- based compensation on company performance proxied by the change in Tobin's Q. The thesis does not find any significant effect of insiders' stock ownership. The dataset of 107 publicly traded US companies is used for the empirical analysis. The results are estimated based on a fixed effects model and pooled ordinary least squares. This thesis contributes to the ongoing debate over the effects. It also widens the narrow literature on the structure of compensation. JEL Classification M120 Keywords Equity-based, CEO, compensation structure, equity ownership, company performance Author's e-mail theo.sarec@gmail.com Supervisor's e-mail...
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Analysis of concentration, ownership structure and integration tendencies of breweries in Czechia
Forman, Martin ; Květoň, Viktor (advisor) ; Slach, Ondřej (referee)
Over the last ten years the phenomenon of opening new microbreweries has reached Czechia. Since 2008 more than 350 new microbreweries have been opened and the map of breweries has recorded significant changes. Regarding these facts the main goals of this thesis were to analyze the brewing industry in Czechia in the context of ownership structure, concentration tendencies and mergers and acquisitions activity. First part focuses on the characteristics of the breweries' geographical layout related to the ownership structure and size based on annual beer production and in context of selected socioeconomic indicators. Following this part is an analysis of decomposition with use of concentration and cluster ratios. This part aims on cluster forming tendencies of brewing companies. The analytical part is completed with mergers and acquisitions characteristics in this industry sector. The basic figures and signs of the geographical decompositions were identified based on selected analytical methods and complex maps. Several concentration zones where breweries tend to cluster were labeled using the cluster analysis. Mergers and acquisitions reveal the difference in integration activity according to the brewery size. Key words: brewing industry, breweries, ownership structure, concentration, cluster, Czechia
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Capital Regulation, Bank Ownership and Bank Risks: Evidence from Central and Eastern Europe, and Asia
Gwee, Tian Jie ; Gregor, Martin (advisor) ; Dědek, Oldřich (referee) ; Bruno, Randolph Luca (referee)
The aim of this thesis is to investigate the association of ownership structure and bank risk-taking as well as the effects of capital regulation. This study employs simultaneous equations, panel data and instrumental variables (IV) models on a sample of 192 banks from Eastern Central Europe and Asia Regions from 2005-2014. An assessment was made on how banks adjust their capital level as well as portfolio risks when there is a minimum capital regulatory ratio. The results indicate that firstly, banks react to the capital regulatory pressure by increasing capital and changes in capital and bank risk changes are positively related. Secondly, it is found that Foreign-owned banks have higher default risks than Domestic-owned banks; however, Government-owned banks are more stable in terms of asset risks measure during the year when there is election. When taking the market forces into account, in listed banks, insider owners and institutional owners have positive impacts on asset risks while positive asset risks on listed Government-owned banks only during the election. Finally, the findings also show that when capital regulation is taken as a moderating variable, it has influenced the impacts of ownership structure and bank risk, however, the increasing effects can only be proven for insider owners...
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Transition economy and privatization in Mongolia: case study: analysis of voucher privatization in Mongolia
Khurelbaatar, Baigali ; Mlčoch, Lubomír (advisor) ; Glazar, Ondřej (referee)
Title: Transition economy and Privatization in Mongolia Subtitle: Analysis of voucher privatization in Mongolia Author: Khurelbaatar Baigali Supervisor: Prof. Ing. Lubomír Mlčoch.CSc Abstract: The voucher privatization was one of the biggest economic action during transition economy. However, the main consequences of such action were unexpected, very rapid and it was a political action rather than economical. Also Mongolian citizens' disapproval of the voucher privatization is still great after 20 years. But in year 2011, Mongolian government approved using very similar method for the privatization on mining sector, named a "Tavan Tolgoi" privatization. This thesis focuses on a particular process of the Mongolian by comparing between Russian and Czech voucher privatization. Comparative study with both qualitative and quantitative research methods is carried based on the data of three countries; economic indices and questionnaire were collected by author. In this study, the whole process is described and the main part of the thesis focuses on analysis of the free voucher allocating method and its advantages as well as disadvantages. The aim of the thesis is to reveal the true impacts of the voucher privatization and ultimately try to answer whether it is social confusion or it is a non-recommended method.
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Schumpeter a konec kapitalizmu: měnící se vlastnická struktura podniků
Kucián, Michal
The bachelor thesis is focused on evolving of ownership structure relative to Schumpeter's theory about the end of capitalism and decreasing interest of owners-individuals. The first part describes Schumpeter's vision which is set in context with his ideological forerunners, contemporaries and followers. Following part is devoted to an econometric analysis of the relationship between changes in ownership structure to changes in GDP in the USA in accordance with the theory from the first part. The conclusion is devoted to discussion and summary the results.
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Banking Market in the Czech Republic
Nováková, Kateřina ; Votava, Libor (advisor) ; Dolášová, Eva (referee)
This bachelor work deals with the concept of the bank, its functions, legislation, regulation and supervision in the banking market. The theoretical knowledge is used in the practical part, where a brief depiction is followed by basic characteristics of the major banks in the Czech market. The starting point of this work is a market-economic analysis of the current banking market in the Czech Republic.
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