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Financial performance of credit unions in the Czech Republic
Kuc, Matěj ; Teplý, Petr (advisor) ; Džmuráňová, Hana (referee)
This thesis is interested in relative performance of highly criticized Czech credit unions. Theoretical part comments on their historical development, makes international comparison and shows possible development of legislation. We created two unique datasets to assess financial performance of Czech credit unions in subsequent empirical part. The first one contains Czech credit unions' and commercial banks' data. The second one is established to make a comparison of Czech credit unions with cooperative banks operating elsewhere in the EU. Both are based on annual data between 2007 and 2012 period. System GMM method is employed as main instrument of our empirical analysis and alternative panel data methods are used as supplementary techniques. We focused our analysis on comparison of relative profitability and stability measures of Czech credit unions. The results revealed their poor performance in the given time period. According to our estimates, they resembled rather small commercial banks than cooperative ones. The negative relationship between Czech credit unions' stability measure (Z-score) and their asset size is especially striking. Moreover, Z- score of Czech credit unions decreased sharply in 2012. Such development was observed neither in case of Czech commercial banks nor in other...
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Impact of the Basel III Liquidity Rules on EU Banks
Klímová, Dana ; Šopov, Boril (advisor) ; Džmuráňová, Hana (referee)
New liquidity rules introduced under the Basel III framework define the Net Stable Funding Ratio (NSFR) that requires banks to possess an adequate long-term liquidity. The NSFR will enter into force on January 1, 2018 and banks are concerned that this regulation will lower their profitability. In this thesis the Basel III liquidity rules are analysed. The research seeks to define characteristics and triggers of the NSFR, using a sample of 500 EU banks. We find that smaller banks (by asset size) are more likely to fulfil the NSFR requirements, so are the banks with higher non-interest share of income and lower capital ratio, among other characteristics. Further, the NSFR's impact on the banks' performance is assessed. It is found that a higher NSFR negatively impacts the return on average equity, although it does not seem to translate into lower returns on average assets nor net interest margin. JEL Classification E58, G21, G28, G32 Keywords NSFR, Basel III, liquidity, banks, EU, profitability, capital rules, regulation Author's e-mail 45724231@fsv.cuni.cz Supervisor's e-mail boril.sopov@gmail.com
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Financial performance of credit unions in the Czech Republic
Kuc, Matěj ; Teplý, Petr (advisor) ; Džmuráňová, Hana (referee)
This thesis is interested in relative performance of highly criticized Czech credit unions. Theoretical part comments on their historical development, makes international comparison and shows possible development of legislation. We created two unique datasets to assess financial performance of Czech credit unions in subsequent empirical part. The first one contains Czech credit unions' and commercial banks' data. The second one is established to make a comparison of Czech credit unions with cooperative banks operating elsewhere in the EU. Both are based on annual data between 2007 and 2012 period. System GMM method is employed as main instrument of our empirical analysis and alternative panel data methods are used as supplementary techniques. We focused our analysis on comparison of relative profitability and stability measures of Czech credit unions. The results revealed their poor performance in the given time period. According to our estimates, they resembled rather small commercial banks than cooperative ones. The negative relationship between Czech credit unions' stability measure (Z-score) and their asset size is especially striking. Moreover, Z- score of Czech credit unions decreased sharply in 2012. Such development was observed neither in case of Czech commercial banks nor in other...
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Motor insurance profitability in the czech insurance market
Roblová, Eliška ; Ducháčková, Eva (advisor) ; Daňhel, Jaroslav (referee)
The diploma thesis is focused on the motor damage and the motor third party liability insurance profitability evaluation of the czech insurance market. In the first part both the czech market devolopment and the current law-making issues with the evaluation of the czech market key indicators are briefly described. Next part of the thesis is focused on the non life insurance market quantitative characteristic in the period from 2003 to 2015. Next part of the thesis deals with the motor damage and the motor third party liability insurance characteristics. In the last two chapters the thesis examines the motor damage and the motor third party liability market with the following evaluation of their profitability by using the combined ratio indicator.
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The analysis and optimization of the creation of a management report in a financial institution
Dlouhý, Radim ; Říhová, Zora (advisor) ; Belko, Michal (referee)
This masters thesis tackles the issue of process management in a financial institution, spe-cifically the analysis and optimization of the creation of a certain management report. The first part of this masters thesis is dedicated towards explaining basic theoretical concepts, which will help the reader correctly understand the rest of the paper. There you can find explained the principles of reporting and process management, which will introduce the reader to the issues of processes, their analysis and subsequent optimization. The practical portion first introduces the reader to the particular financial institution, then it describes the organization structure and the activities of data governance, thorough analysis of the particular process, the identification of and a suggestion of optimization which should lead to a more effectively working employees as well as the elimination of narrow places of the process. The conclusion of the masters thesis introduces steps of real implementation of the suggested solutions.
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Franchising form of cooperation with adidas Czech republic
Jelínek, Josef ; Cimler, Petr (advisor) ; Hommerová, Dita (referee)
The aim of the Bachelor's thesis is to describe and analyse current franchise system in adidas ČR, l. t. d. and on the basis of outputs recommend systematic changes which are applicable and lead into system efficiency of cooperation with franchise partners of adidas ČR l. t. d. The theoretical part uses background research to deal with the view of the problems of a franchise model based on available resources. The aim of the first theoretical part of the thesis is to obtain basic information on the development of franchising, to introduce a definition of franchising, its characteristics, types and terms, including a description of the current situation and development of franchising in the Czech Republic. The aim of the second theoretical part is to describe the systemic advantages of franchising and also its advantages and disadvantages for both parties participating in this business model - the franchisee and the franchisor. The theoretical analysis is a prerequisite for the practical part of the thesis, the aim of which is to use seven years of experience in the business department at adidas ČR l. t. d. and to analyze the current franchising system at adidas ČR l. t. d., its pros and cons, with an effort to develop recommendations for systemic changes that would be applicable for improving the system of cooperation with franchise partners of adidas ČR l. t. d.
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