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The Selection of Acceptable External Financing Form of New Equipment
Ryšavý, Jakub ; Vejdovec, Lubomír (referee) ; Meluzín, Tomáš (advisor)
The dissertation describes the issue of purchase financing of a long-term property from external financial sources in the concrete company. The dissertation is engaged in analysis of investment credit and finacial leasing offers and benchmarking of both. On the basis of the selected decision-making method there is chosen one financial product in the dissertation, which is most suitable product for financing of new equipment in the defined company.
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Income Approach of Property Valuation and Financial Modelling
David, Martin ; Hrdlička, Tomáš (referee) ; Cupal, Martin (advisor)
The purpose of this diploma thesis is to clarify partial techniques of real estate income approach valuation. The object of this thesis is to create a complex overview of valuation techniques and methods used in income approach valuation. First, basic methodologies from field of market economy, valuation, financial mathematics and statistics, will be defined. In next section of this thesis, the income approach valuation methods and techniques will be defined as well as contribution of financial modelling to this approach. Following, several properties will be generalized in terms of cash flow inflows and outflows and exact techniques will be applied accordingly.
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Essays in Behavioural and Experimental Economics
Matoušek, Jindřich ; Havránek, Tomáš (advisor) ; Miklánek, Tomáš (referee) ; Rachinger, Heiko (referee) ; Gechert, Sebastian (referee)
CHARLES UNIVERSITY FACULTY OF SOCIAL SCIENCES Institute of Economic Studies Essays in Behavioural and Experimental Economics Abstract for Dissertation thesis Author: Mgr. Jindřich Matoušek Study program: Economics and Finance Supervisor: prof. PhDr. Tomáš Havránek, Ph.D. Year of defense: 2022 Abstract The dissertation consists of three papers presenting applications of experimen- tal as well as statistical methods to the topics of behavioural economics. The first paper introduces a series of laboratory experiments in which I apply the experimental methods to a complex decision making problem. The second and third papers present quantitative syntheses of the literature on the classi- cal topics of behavioural economics. The general introduction connects these chapters together. Detailed abstracts for individual papers are presented at the beginning of each chapter. In the first paper, I experimentally examine two complex multi-unit auc- tion mechanisms with an opportunity to communicate and thus collude while comparing these mechanisms in terms of efficiency. Strikingly, allowing for communication increases efficiency in examined auction formats. A cheap-talk collusive agreement resulted in a better allocation compared to the treatments without communication. I hypothesize that complex auction formats makes...
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Income Approach of Property Valuation and Financial Modelling
David, Martin ; Hrdlička, Tomáš (referee) ; Cupal, Martin (advisor)
The purpose of this diploma thesis is to clarify partial techniques of real estate income approach valuation. The object of this thesis is to create a complex overview of valuation techniques and methods used in income approach valuation. First, basic methodologies from field of market economy, valuation, financial mathematics and statistics, will be defined. In next section of this thesis, the income approach valuation methods and techniques will be defined as well as contribution of financial modelling to this approach. Following, several properties will be generalized in terms of cash flow inflows and outflows and exact techniques will be applied accordingly.
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Pricing of FRA and IRS under OIS discounting
Rolák, Martin ; Černý, Jakub (advisor) ; Večeř, Jan (referee)
The subject of this thesis is to review the pricing and valuation of forward rate agreements and fixed-for floating interest rate swaps. Firstly, we describe a pricing and valuation model that was used before the financial crisis of 2007/2008. The model is based on one curve which is used for both estimating the derivative's payoff and discounting, thus we call the model a single-curve model. After the financial crisis some of the single-curve's model assumptions were impaired and the model had to be reviewed. We call the reviewed model a multi-curve model as we nowadays need a different curve for discounting and estimating the payoffs. Both models are compared on a numerical example where we value fixed-for-floating swaps. 1
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Isoperimetric problem in economics
Volek, Mikoláš ; John, Oldřich (advisor) ; Bárta, Tomáš (referee)
The isoperimetric problem is one of the broad class of optimal control problems, which draw on the generalization of classical calculus developed in the mid-20th century. In the bachelor's thesis I lay down the mathematical framework that permits to rigorously prove both the necessary and sufficient conditions for the existence of a maximizer of the objective function. I analyze a simple problem from the field of project planning, which is a branch of applied economics. On the basis of a 1973 article by Cullingford and Prideaux I present an augmented cost function that involves the concept of the time value of money, which is key to proper economic reasoning. I give an explicit solution along with graphical depictions of the impact of a non-zero discount factor on project planing under the model in question. Finally, I introduce additional constraints and discuss the subproblem of multiple equality and non-equality constraints.
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The Selection of Acceptable External Financing Form of New Equipment
Ryšavý, Jakub ; Vejdovec, Lubomír (referee) ; Meluzín, Tomáš (advisor)
The dissertation describes the issue of purchase financing of a long-term property from external financial sources in the concrete company. The dissertation is engaged in analysis of investment credit and finacial leasing offers and benchmarking of both. On the basis of the selected decision-making method there is chosen one financial product in the dissertation, which is most suitable product for financing of new equipment in the defined company.
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Analysis of Youth Smoking Behavior
Horvát, David ; Melzochová, Jitka (advisor) ; Čermáková, Klára (referee)
This thesis focuses on an explanation of youth smoking on the basis of basic demographic indicators and family background. The analysis also includes behavioral economics concepts: discounting and over-optimism. Data were obtained by original survey. For an analysis of smoking of youth and rate of discounting are used logit models. Impact of factors is interpreted by marginal effects at the mean. One of the most important findings is that adding one more year to father´s education decreases probability of offspring´s smoking from 32 % to 27 % and adding one more year to mother´s education increases probability of offspring´s smoking from 32 % to 38 % ceteris paribus. Improving performance in school decreases probability of youth smoking. Variable smoker is not significant in models explaining discount rate of future free time and health. Thesis confirmed connection of over-optimism and discounting.
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How quickly do resolutions subside? Case of the fitness attendance after the New Year's Eve
Adamcová, Barbora ; Rotschedl, Jiří (advisor) ; Čermáková, Klára (referee)
Aim of this thesis was to investigate the effect of New Year's resolutions on the gym attendance and period, during which people abandon their set resolution. Analysis was performed by ordinary least squares method using data obtained from Hamr -- Sport, a.s. and it proved a positive effect of the resolutions on the attendance of the fitness center situated in Záběhlice compound. The thesis also analyzes influence of the weather, precipitation, days of week and moths of the year on the level of attendance. According to the results of the econometric model estimation, New Year's resolutions last on average for three months. In order to verify this period a robustness test was conducted, which confirmed the result. In a questionnaire survey respondents most frequently reported, that they managed to follow their latest resolution for three months (40 %). The questionnaire also revealed that people seem to leave their long term plans most often due to their own laziness and lack of willpower, but most of them do not use any motivational tools to solve the problem of self-control (or they just rely on their will and abilities).
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