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Stínové ceny v české ekonomice
Sieber, Martina ; Kislingerová, Eva (advisor) ; Soukup, Jindřich (referee) ; Vlček, Josef (referee)
The doctorial thesis is focused on shadow pricing. The aim is to describe as complex and full description of the problem as possible. Briefly said, Shadow prices are prices of goods which would take a place on the efficient market, if such a market with the commodity existed. In the case of consumption benefits they in fact present monetary value of the utility increment resulted from additional consumption. They are basic information input into any socioeconomic evaluation. Research of shadow prices is underdeveloped in the Czech Republic. With respect to the fact the thesis contents description of basic theoretical concepts as well as list of attainable methods for shadow prices derivation. Main variables determining shadow prices (under condition of WTP, WTA and Social Opportunity Costs concepts) are the existed society welfare and social preferences. From this perspective if clear and evident that there would not be appropriate to use shadow prices conducted abroad for evaluation in the Czech economy. Each state has its own level of welfare as well as specific social and ethical values widespread among citizens and so specific shadow prices as well. Not just shadow prices them self are not simply applicable for evaluation in each country. Similar problem we have to face, if we try to use the same methods of deriving shadow prices in different areas. That is why the thesis also serves critical analysis of attainable methods and their assessment. Based on the assessment is stated, what methods are more or less appropriate and under which condition in the Czech area. In principal should shadow prices reflect Social Opportunity Costs of input usage for evaluated changes and Willingness to Pay of the society for the outputs of evaluated changes (or alternatively Willingness to Accept) with no respect to the fact if the good (or output or input) is market good or nonmarket good. Even though we differentiate in the methodological level between market and nonmarket good the theoretical and conceptual background is the same. The background is rooted in the neoclassical economics. For the practical reasons as a analyst time and budget constrain it is not too efficient in evaluation of marketed goods always perform deep empirical market analysis from primary data even though it would be theoretically ideal and correct. Fortunately we are usually not forced to do it. In majority of cases we can follow LMST methodology of shadow prices and derive so called Conversion Factors for transformation of market prices to shadow prices. The Conversion factors are usually derived for wider group of goods which is sold in the similar market. Such values we call Sector Conversion Factors. A Shadow price of an individual unique good we than receive by its market price multiplication by most appropriate sector conversion factor. With respect to current Czech evaluation practice situation, when sector conversion factor are very often used but their estimates are more less based on very poor quality of underlying theory and very often without sufficient data background, the quantification of SCF in the theses could be viewed as quite significant contribution. With respect to their specific characteristics nonmarket good as safety (VSL), time, noise, etc. should be valued separately. And the thesis is offering at least methodological contributive guidelines regarding theoretical validity and relevance as well as assessment of their applicability under Czech condition. For better imagination there is collected sample of results of selected externality values for foreign countries.
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Low-cost air transport development in Prague
Drenčak, Ľubomír ; Sieber, Martina (advisor) ; Kopkáně, Heřman (referee)
Bachelor thesis deals with the topic of low-cost air transportation in the region of capital city Prague and issue of its future development. It offers closer understanding of characteristic features of aviation industry and identifies factors that positively affect its growth. Furthermore, a judgement on new international airport construction project near Prague is presented. Theoretical part describes basic knowledge about airports, their typology and operation strategies and continues with market power analysis, which greatly influence level of competition among neighbouring airports. Explanation of different airline carrier types is also a subject of this part.The beginning of practical part studies past trends of air transportation and its particular segments at Ruzyně airport and defines catchment area belonging to the airport. Latter part then continues with mathematical model for predictions on future low-cost air transport volumes. Lastly, the work contains 3 different scenarios about possible overall traffic at planned Vodochody airport.
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Financial analysis of Mondi Bags Štětí a.s.
Hrstka, Jan ; Luzanová, Marianna (advisor) ; Sieber, Martina (referee)
The aim of bachelor's thesis is financial analysis of company Mondi Bags Štětí a.s during the years 2003 - 2008. The thesis is divided into two parts - theoretical and practical. Theoretical part contains basic methods of financial analysis. In the practical part are these methods applied and consecutively their results interpreted too. At the end is comparison with results of the Czech paper industry.
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Financial analysis of OKD,a.s.
Marek, David ; Sieber, Martina (advisor) ; Horník, Tomáš (referee)
This work evaluates effectiveness of entrepreneurial activity of the company OKD, a.s. Work is divided into methodical and application section. Methodical part brings theoretical view on selected indicators. Application part introduces particular numbers and graphs with its interpretation. The most important are indicators of profitability, indebtedness and economical value added. Besides, this work consists of other relevant models which helped us to make correct conclusions. Outcomes are compared to the industry average.
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Financial analysis of Starobrno, a.s.
Štulhoferová, Radka ; Sieber, Martina (advisor) ; Čapková, Tereza (referee)
The main goal of my bachelor thesis is financial analysis and estimation of financial stability of corporation STAROBRNO, a.s in years 2003 - 2007. Thesis is divided into two parts. In methodological part I have mentioned theoretical base for financial analysis. Practical part is focused on calculation and evaluation of particular indicators which were described in a methodological part.
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Financial analysis of the company OTMA - Sloko, s.r.o.
Kováčik, Matej ; Sieber, Martina (advisor) ; Kopkáně, Heřman (referee)
The goal of my bachelor thesis with name "Financial analysis of the company OTMA - Sloko, s.r.o." is to evaluate in the view of external analyst its financial health, the position in the marketplace and the future progress and routing of the company. For this purpose I use all available sources for me, namely balance of an account (2003-2007) and annual register. The company OTMA - Sloko, s.r.o. is a division of big czech food-company HAMÉ which produce durable and chilled foodstuff. Generally we can evaluate the result of financial analysis of the company OTMA - Sloko, s.r.o. positively. It is essencial to see the final results in wider contexts, i.e. in the view of external economic background and the global situation in the marketplace of food industry.
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Financial analysis of company Pivovary Staropramen, a. s.
Alexa, Robert ; Sieber, Martina (advisor) ; Čapková, Tereza (referee)
The aim of my bachelor thesis is to draw up a financial analysis of company Pivovary Staropramen, a.s. in the period 2003 -2007, that is to assess the capital structure, financial situation, and explore the opportunities of business development in the future. The work consists of two main parts. The first part is theoretical, where are listed the basic methods needed to elabartion of financial analysis. The practical part consists for the most part the financial analysis, which included analysis of absolute and ratio indicators, analysis of working capital, bankruptcy models and calculation of EVA (economic value added) indicators. The conclusion of the practical part includes confrontation with the two largest competitors in the market. In the full conclusion of my work I have carried out a summary of the results of financial analysis.
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Controllership
Tůmová, Jana ; Mikovcová, Hana (advisor) ; Sieber, Martina (referee)
The diploma thesis focuses on the problems of operational controllership and the instruments used for their solution. In connection with these issues the thesis also defines the role of the controller, in particular his authorities and responsibilities. The theoretical part of the work looks at the academic conception of controlleship. The practical part describes the main functions, duties, activities and the system of cooperation in between controllership and other departments in particular company. The main aim of the diploma thesis is to compare two main streams of the controllership historial evolution - german stream is pictured in the theoretical part and english stream is pictured in the practical part. All the information used in the thesis were taken from listed literature and also obtained by means of analysis of the company's internal data.
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