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Measuring Health in Research and Innovation Systems: The Czech Research Audit in International Context
Arnold, Erik
National Research and Innovation Systems are complex and their health is difficult to measure. A growing number of countries have tried to review and diagnose their own systems through approaches such as the OECD Innovation Policy Reviews, 'Policy Mix' peer reviews at EU level, large national studies or evaluations of major actors such as research councils. This presentation will set out some of the key findings of the recent Czech Research Audit in an international context and reflect on the needed mix of qualitative and quantitative analysis.
Slides: idr-409_1 -  PDF
Video: idr-409_2 -  MP4
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Memoirs by Czech Physicist Vladimír Novák
Těšínská, Emilie
Book of memoirs (Recollections and Reflections. A Biography, Brno 1939) by Czech Physicist, Professor of Phzsics at the Czech Technical University in Brno Vladimír Novák (1869-1944) was chosen as an example of the memoirs literature in the field of physics in the Czech lands. Inspiration, sources, and deposition of the book are discussed in confrontation with other historical sources.
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Czech Press, 1945-48
Bednařík, Petr
This paper is dedicated the study of the Cyech press between 1945-48. The autor deals with the new organization of the Czech press after the WW II. Political parties perceived the press as being national property, the subject of public interest. The privately-owned press was forbudden in 1945. Onlz political parties or special-interest organisation could publish daily newpapers and magazines. Rhe author describes the activities of Václav Kopecký - a communist who directed the Ministry of Information. The author characterizes the influence of this ministry on the organization of the Czech press.
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Use of Interest Rate Models for Interest Rate Risk Management in the Czech Financial Market Environment
Cíchová Králová, Dana ; Arlt, Josef (advisor) ; Cipra, Tomáš (referee) ; Witzany, Jiří (referee)
The main goal of this thesis is to suggest an appropriate approach to interest rate risk modeling in the Czech financial market environment in various situations. Three distinct periods are analyzed. These periods, which are the period before the global financial crisis, period during the financial crisis and in the aftermath of the global financial crisis and calming subsequent debt crisis in the eurozone, are characterized by different evaluation of liquidity and credit risk, different relationship between financial variables and market participants and different degree of market regulations. Within this goal, an application of the BGM model in the Czech financial market environment is crucial. Use of the BGM model for the purpose of predicting a dynamics of a yield curve is not very common. This is firstly due to the fact that primary use of this model is a valuation of interest rate derivatives while ensuring the absence of arbitrage and secondly its application is relatively difficult. Nevertheless, I apply the BGM model to obtain predictions of the probability distributions of interest rates in the Czech and eurozone market environment, because its complexity, direct modeling of a yield curve based on market rates and especially a possibility of parameter estimation based on current swaptions volatilities quotations may lead to a significant improvement of predictions. This improvement was also confirmed in this thesis. Use of swaptions volatilities market quotations is especially useful in the period of unprecedented mone- tary easing and increased number of central banks and other regulators interventions into financial markets that occur after the financial crisis, because it reflects current market expectations which also include future interventions. As a consequence of underdevelopment of the Czech financial market there are no market quotations of Czech koruna denominated swaptions volatilities. I suggest their approximations based on quotations of euro denominated swaptions volatilities and also using volatilities of koruna and euro forward rates. Use of this approach ensures that predictions of the Czech yield curve dynamics contain current market expectations. To my knowledge, any other author has not presented similar application of the BGM model in the Czech financial market environment. In this thesis I further predict a Czech and Euro area money market yield curve dynamics using the CIR and the GP models as representatives of various types of interest rates models to compare these predictions with BGM predictions. I suggest a comprehensive system of three criteria, based on comparison of predicti- ons with reality, to describe a predictive power of selected models and an appropria- teness of their use in the Czech market environment during different situations in the market. This analysis shows that predictions of the Czech money market yield curve dynamics based on the BGM model demonstrate high predictive power and the best 8 quality in comparison with other models. GP model also produces relatively good qua- lity predictions. Conversely, predictions based on the CIR model as a representative of short rate model family completely failed when describing reality. In a situation when the economy allows negative rates and there is simultaneously a significant likelihood of their implementation, I recommend to obtain predictions of Czech money market yield curve dynamics using GP model which allows existence of negative interest rates. This analysis also contains a statistical test for validating the predictive power of each model and information on other tests. Berkowitz test rejects a hypothesis of accurate predictions for each model. However, this fact is common in real data testing even when using relatively good model. This fact is especially caused by difficult fulfilment of test conditions in real world. To my knowledge, such an analysis of the predictive power of selected interest rate models moreover in the Czech financial market environment has not been published yet. The last goal of this thesis is to suggest an appropriate approach to obtaining pre- dictions of Czech government bonds risk premium dynamics. I define this risk premium as a difference between government bond yields and fixed rate of CZK IRS with the same length. I apply the GP model to describe the dynamics of this indicator of the Czech Republic credit risk. In order to obtain a time series of the risk premium which are necessary for estimation of GP model parameters I firstly estimate yield curves of Czech government bonds using Svensson model for each trading day since 2005. Resulting si- mulations of risk premium show that the GP model predicts the real development of risk premiums of all maturities relatively well. Hence, the proposed approach is suitable for modeling of Czech Republic credit risk based on the use of information extracted from financial markets. I have not registered proposed approach to risk premium modeling moreover in the Czech financial market environment in other publications.
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Influence of Accounting Policy of Samsung Electronics Czech and Slovak, s.r.o. on the Results of Financial Analysis
Dokoupilová, Barbora ; Pospíšil, Jiří (advisor) ; Vomáčková, Hana (referee)
This Bachelor thesis is focused on an accounting policy of the Samsung Electronics Czech and Slovak, s.r.o., company. Especially, connections between accounting methods and financial analysis of the company are studied. The aim of the thesis is to verify the reflection of accounting policy in resulting values of financial analysis. The work includes two theoretical parts; the first one describes the current state of the art of the company's accounting policy, and the second one presents methods used in the enumeration of financial analysis. Afterwards, described procedures are applied in the following practical part where the analysis of specific accounting methods and the financial analysis calculation of the aforementioned company are proceed. The results are compared with company's five major competitors.
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Aesthetic standards in art education
Podlipský, Rudolf ; Slavík, Jan (advisor) ; Janík, Tomáš (referee) ; Hazuková, Helena (referee)
In this thesis paper, application of aesthetic norms in visual art education has been studied from the explanatory point of view of structuralism (with an emphasis on Czech Structuralism). The study has been carried out as a qualitative research focused on didactic analysis of teaching processes. The aim has been to find out the extent of impact aesthetic norms may have on visual art education teaching process; to examine ways of handling aesthetic norms by teachers during the lessons; as well as to verify or newly develop a fundamental conceptual apparatus enabling to handle the aesthetic norms issue within visual art education lessons in a material way. The study is grounded in records of standard teaching units (written records of lesson observations; videotaping). In his study, the author applies the concept analysis method - a methodological means for didactic reflection and evaluation of teaching based on creative tasks and activity approach. Powered by TCPDF (www.tcpdf.org)
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Analysis of drawing EU Structural funds in the Czech Republic with a detailed focus on OP PIK
Procházka, David ; Svobodová, Ivana (advisor) ; Schön, Kateřina (referee)
Since the third and possibly the last grant period for the Czech Republic in the framework of drawing the European Funds is underway, it is assumed that businesses successfully and efficiently draw funds with allocated resources for the Czech Republic. Agencies should also help to the effective implementation, however, their activities do not reflect the market and clients requirements properly. To confirm that, the Czech Republic was in previous years, one of the worst states in terms of efficiency of drawing on funds of the EU structural funds, which was caused by an improperly formed grant system by management authorities, as well as misconduct on the part of applicants and potential beneficiaries and agencies with their erroneous philosophies. Author task was to analyse the causes of drawing funds inefficiency with a detailed focus on Operational Programme Enterprise and Innovation and Entreprise and Innovation for Competitiveness used mainly for businesses. Diploma thesis not only analyses the current grant situation in which entrepreneurs can submit their project applications but also proposes possible solutions how to help entrepreneurs in drawing on funds.
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Satisfaction of women in labour with nursing care during childbirth.
KLÍMOVÁ, Magdaléna
This dissertation investigates the level of satisfaction among expectant mothers with the care services provided during childbirth. Satisfaction reflects a subjective perception of an expectant mother in meeting her needs during childbirth. The feeling of satisfaction is very personal, however, evaluation of the care provided needs to be determined and not ignored. It is important for expectant mothers that the health care professionals present as empathic, friendly, co-operative, and tactful.Theoretical part was developed from evidence-based literature and available findings related to this problematic. There is a description of a childbirth process including a midwife's role during the individual stages of childbirth and options for pain management. Other chapters focus on midwife's approach toward an expectant mother and factors which influence the level of satisfaction during childbirth. Dissertation's aim was to determine whether the expectant mothers were more satisfied in smaller maternity departments, and to evaluate the way a midwife may influence the mother's satisfaction. There were two hypotheses stated and verified by a statistical testing. Hypothesis No. 1: Expectant mothers are more satisfied in smaller maternity departments than larger ones. Hypothesis No. 2: The level of satisfaction is influenced by midwife's empathic approach. Practical part focused mainly on a midwife's approach toward expectant mother. A quantitative research was implemented in form of questionnaires. The research sample constituted of expectant mothers from four postpartum departments in the Czech Republic. In total the sample included 215 expectant mothers, 109 from smaller facilities and 106 from larger maternity departments. In terms of the overall level of satisfaction with their midwife during the childbirth process, 89% of expectant mothers from smaller maternity departments and 83% of expectant mothers from larger departments stated they were satisfied. Conversely, 11% of respondents from smaller facilities and 17% of respondents from larger facilities were dissatisfied. Based on research analysis comparing the level of satisfaction of expectant mothers from smaller and larger maternity departments the hypothesis no. 1 "Expectant mothers are more satisfied in smaller maternity departments than the larger ones" did not show as statistically significant and was rejected. Nonetheless, the questionnaire responses clearly showed that empathic approach of a midwife influenced expectant mother's satisfaction. Statistical testing demonstrated a significant correlation between an expectant mother's satisfaction and empathic approach of a midwife. The second hypothesis "The level of satisfaction is influenced by midwife's empathic approach" was accepted.The research findings may serve as a guiding material for the midwives in order to provide a high quality care to expectant mothers during the childbirth process. They may also be utilised by future midwives who are in undergraduate preparation for the profession, or those professionals who contribute in any way during the childbirth process. Additionally, the research findings may be presented at conferences designated for midwives.
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