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Financial policy in times of crises until 19th century of the Bohemian Duchy
Novotný, Jiří ; Bažantová, Ilona (advisor) ; Dupáková, Lenka (referee)
Financial policy in times of crises until the 19th century Abstract This thesis focuses on financial policy during crises of the Bohemian Duchy, Kingdom of Bohemia, and Lands of the Bohemian Crown within The Austrian Empire until the 19th century. I will compare monetary and fiscal approaches to tackle the gravest crises caused by war, instability, or a financial breakdown. Therefore, in this thesis, I will analyse selected crises that took place in the Bohemian Duchy located in the Bohemian Kingdom at the end of the 13th century. I will focus on the Hussite wars, the great calada during the Thirty Years War, Napoleonic Wars, the Seven Years War, the Revolution of 1848, and the Long Depression, which started in 1873. The used methods are mainly comparison, analysis, and analogy. Results of the research indicate that an improper financial policy caused the majority of crises. Governmental approaches to solving fiscal, monetary and taxation problems were worsening the situation. Financial policy concerning monetary, fiscal, and tax policy until the end of the 19th century was procyclical. If enlightened politicians appeared in an era of prosperity, their plans for reforms were generally dashed by war and need for new governmental expenditures. However, the government, especially during the crisis, was prone...
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The Association between Firm Characteristics and Access to Finance in SMEs: Cross Country Evidence from Europe
Aslay, Oguz ; Gok, Ugur (advisor) ; Cahlík, Tomáš (referee)
The Small and Medium Sized Enterprises (SMEs) carry a significant weight in the European economies with their share in number of enterprises, total employment and value added being very substantial. These firms are the major source of new employment generation and they also actively participate in international trade activities. However, these firms face important challenges in doing business like finding customers, availability of skilled labor force, cost of inputs and access to finance. This thesis investigates the issue of access to finance for SMEs in Europe using a cross-country survey data set. Specifically, the possible association of three firm characteristics, namely age, size and exporter status, with access to finance will be examined using quantitative methods. Moreover, given the rich set of countries, how the country conditions like financial deepening, the sovereign debt crises and investment-saving imbalances affect these associations will be studied in detail. Overall, this thesis is expected to contribute to the relevant literature, by displaying the effects of firm characteristics on access to finance for SMEs and the cross-country differences with important implications for related economic policies, and to provide suggestions which can be taken into account by policymakers as...
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Short-term and long-term decision-making tasks within the financial policy of a company
ŠTĚPÁNÍKOVÁ, Natálie
This bachelor thesis deals with short-term and long-term decision-making tasks within the financial policy of a company. The aim of this work is to define the essence of the financial management of the company, to define the main areas of financial policy of the company and to propose appropriate measures in accordance with its strategic objectives. The significant part of the work is focused on the management of Net Working Capital, financial strategy, commercial loans, factors affecting Liquidity and computer support of financial planning. The right financial strategy is together with a business plan the foundation for a thriving business. The final part of the thesis deals with the case study on a specific company and with specifying the proposals of financial policy measures.
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