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Exporting financing of Czech companies in the current economic situation of 2012
Pěchová, Hana ; Mejstřík, Michal (advisor) ; Luňáčková, Petra (referee)
The master thesis shows how important is the promotion of export for the economy of the Czech Republic in the present time of economic uncertainty and in front of such threats it now stands. I show in individual chapters of this study, that it is necessary to allow for availability of export credits for Czech exporters, because these may also help to achieve the objectives of the new Czech export strategy. Then I present methods of state aid, two Czech export agencies. And by using gravity model and subsequent analysis I show, that it is socially advantageous to support these agencie, since the positive impact of this support can also be expected as an increase in employment, GDP growth and increased income to the state budget through taxes. Furthermore, I introduce the leader to the threat posed to export financing in Europe by the regulatory requirements of the newly introduced Basel III banking regulation - not just capital requirements, but also the newly introduced leverage ratio. Econometric model empirically confirms the hypothesis, that Basel III will have a negative impact on the availability and price of export credits. On the contrary, according to the conclusions of this model I cannot assume that this regulation significantly influences the Czech export credit institutions.
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Export support in the Czech Republic and its evaluation
Lišková, Alena ; Regnerová, Olga (advisor) ; Zdeněk, Zdeněk (referee)
This diploma thesis describes the support of exports in the Czech Republic and the current state of the export policy. First section of the thesis includes a literature review that outlines the basic facts concerning the issue of foreign trade, it's statistics, degree of openness of the economy and commodity and territorial structure. In the chapter called 'export policy' it also lists state and private institutions and entities providing export support.
The practical section discusses Export Strategy 2012 - 2020, its main objectives and visions and the basic pillars, which outline the individual project cards to the objectives of the strategy. Also detailed is the fulfilment of the Export Strategy for 2015 and the current problems in the Czech export market. Assessment of the problematic is to be found in the conclusion.
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Entry of small and medium-sized enterprises of Czech Republic to European markets and selected instruments of their state and private support
Vaculová, Šárka ; Němečková, Iveta (advisor) ; Trojanová, Kamila (referee)
This bachelor thesis deals with development and history of small and medium-sized enterprises in the Czech Republic and their entry to European markets. The aim of this thesis is to analyse selected instruments of support of state and private institutions. The biggest attention is paid to CzechInvest (with operation programe OPPIK 2014 - 2020) and CzechTrade agencies and also to EGAP and ČEB institutions. This thesis also deals in detail with business incubator "South Moravian Innovation Centre" and opportunities which this centre provides to small and medium-sized enterprises. In the end of the thesis is evaluated one concrete company, its activities in South Moravian Innovation Centre and its reasons for expansion to foreign markets.
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Comparison of conditions of export financing between the Czech Republic and a selected countrie on the example of project financing
Bobuská, Natálie ; Čajka, Radek (advisor) ; Trojanová, Kamila (referee)
The aim of the thesis is to compare the conditions and procedures for granting export project financing between the Czech Republic and Sweden. The theoretical part includes three chapters. In the first chapter, I explain the nature and structure of the project finance. In the second chapter, I analyze the institutions providing export financing in the Czech Republic and their financial products that can be applied in this case. In the third chapter, I analogously analyze the system of export financing in Sweden. In the practical part, I show on the imaginary business case how the export project finance is realized by Czech export credit institution (CEB) on one side and the Swedish export credit institution(SEK) on the other. In conclusion, I summarize the similarities and differences resulted from the performed comparison.
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Current Trends within the State Support Credit Insurance System in the Czech Republic
Nakládal, Jiří ; Daňhel, Jaroslav (advisor) ; Fárek, Jiří (referee) ; Procházka, Jan (referee)
This dissertation offers a complex analysis of the state supported export credit market in the Czech Republic. For the most part of the work the author deals with credit insurance market as it represents a key part of the system. Author analyses portfolio specifics of the local export credit insurance agency and searches for the most effective risk mitigation techniques and procedures in order to maintain its long-term non-loss operations while keeping in mind its special supportive mission. Particular attention is given to the export credit insurance agency's business policy that copes with problems of information asymmetry, moral hazard and adverse selection. Author points out the differences between state supported and commercial insurers, analyses European legislation preventing export credit agencies from competition with commercial insurers and outlines more effective endogenous and self-regulating system. Minority of the work deals with less important export credit financing agency that represents a dominant player at the export credit financing market. Author finds almost twenty reasons of its extraordinary position at the market that has no analogy within developed countries worldwide and outlines a system securing its complement role to the commercial banks. Finally the author provides the analysis of the whole state supported export credit system, highlights its main risks in conjunction with each other and concludes that combination of negative circumstances influencing several important features of the system could possibly lead to a long-term instability of the system.
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Institutional support of Czech exporters on strategic markets
Hávová, Lenka ; Plchová, Božena (advisor) ; Müllerová, Františka (referee)
The diploma thesis focuses on institutional structure of trade promotion in the Czech Republic and highlights the activities of particular trade promotion agencies on strategic markets - China and Brazil. The thesis contains also detailed description of EU Common Commercial Policy and how it influences the trade policy-making in the Czech Republic. The part of the thesis analyses the international trade of the Czech Republic, including the territorial and commodity structure with subsequent in-depth focus on international trade between the Czech Republic and China/Brazil.
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The Methods of Export Financing of Capital Goods
Zubáková, Veronika ; Černohlávková, Eva (advisor) ; Nejedlý, Michal (referee)
The first part of the thesis deals with methods of export financing of capital goods, pre-export financing, supplier's credit, buyer's credit and export leasing. In the next part of the theisis is described financing exports of capital goods with state support. Here is characterized pro-export policy and the Consensus OECD, as well as the emphasis on two major institutions to promote exports in the Czech Republic - EGAP and CEB. The last part is devoted to project financing and financing through PPP.
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Process management of commodity exchange
Scholtz, Ľudovít ; Řepa, Václav (advisor) ; Zubo, Samuel (referee)
Thesis contains description of processes at Commodity Exchange Bratislava, analysis of current state of the processes, and recommends improvements of them for the future use. The main objective is to analyze if the current processes described in the exchange rules are optimal, and in the case they are not, the objective is to recommend the improvements. On behalf of hypothesis "By the application of the model of the process management it is possible to make the functions of the exchange more effective by optimizing the exchange rules, improving of the information systems, or removing of redundant activities." is possible to determine the state of effectiveness of processes. Value added by the thesis is in determining the state of the CEB exchange rules, and making improvements of them. Thesis is divided into chapters according to the conceptual logic of the processes. At the beginning is defined the key process. In next chapters is description of different types of orders, parameters, pairing process, and finally settlement of the contracts.
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Export needs of small and medium enterprises versus government assistance
Erbenová, Jana ; Taušer, Josef (advisor) ; Černá, Iveta (referee)
For such a small open economy as is the case of the Czech Republic, export is one of the key growth factors. Further, small and medium sized enterprises are very efficient tool of the economic stability. Government should therefore analyse and fulfil export needs of those entrepreneurs. There is actually no questin about importance of government assistance. Most of the developed countries already help their small and medium enterprises. Ignoring this fact could lead to the reduction of the competitive strength of Czech companies. The diploma thesis analyses the export needs of those firms and compares them with the government assistance programs. Theoretical part is focused on definition of this entrepreneur's category, describes assistance frame and analyses the influence of export on the Czech economy. Practical part deals with individual export assistance programs and analyses the export needs of Czech exporters based on several surveys. The last part of the diploma thesis compares the Czech government assistance with the assistance that foreign countries provide their entrepreneurs with. The final recommendations regarding the possibilities of increase in the efficiency of the government assistence are included in the last chapter.
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