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Optimalization of Financing of ELLA-CS, s.r.o.
Hromek, Tomáš ; Mádlová, Jana (referee) ; Ptáček, Roman (advisor)
This Master´s thesis is focused on optimizing the financing of the selected company. The thesis is divided into three main chapters. The theoretical part explains later used terms. The analytical part calculates the current financial situation of the company. The analysis detected that the selected company is managing a large money supply, which is not being utilised. Therefore the proposal shows prepared materials and the recommendation of financial products to utilise these funds.
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European Real Estate Investment Trusts: Analyzing Correlation with a DCC-GARCH Model
Jílek, Jiří ; Jandík, Tomáš (advisor) ; Vácha, Lukáš (referee)
Bibliographic Record JÍLEK, Jiří. European Real Estate Investment Trusts: Analyzing Correlation with a DCC- GARCH Model. Prague, 2012. 50 p. Master thesis (Mgr.) Charles University in Prague, Faculty of Social Sciences, Institute of Economic Studies. Supervisor: Tomáš Jandík MA MSc MRICS. Abstract The main goal of this thesis is to study the interdependencies between returns of European real estate investment trusts (REITs) and other investment asset classes such as European equities, government bonds and commodities. The thesis is divided into two parts: in the first part, we describe the necessary background that led to the emergence of first REIT structures and also provide an overview of the European REITs market. In the second part, we apply the Dynamic Conditional Correlation GARCH (DCC-GARCH) model to examine correlations between the above mentioned asset classes. The general understanding of real estate is that it provides diversification benefits to a diversified portfolio. However, our results suggest that returns of European REITs and stocks show a relatively high correlation and more importantly, the correlation increases in time. These findings have significant implications for investors and portfolio managers who seek protection for their portfolios in time of market downturns. Our results...
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Optimalization of Financing of ELLA-CS, s.r.o.
Hromek, Tomáš ; Mádlová, Jana (referee) ; Ptáček, Roman (advisor)
This Master´s thesis is focused on optimizing the financing of the selected company. The thesis is divided into three main chapters. The theoretical part explains later used terms. The analytical part calculates the current financial situation of the company. The analysis detected that the selected company is managing a large money supply, which is not being utilised. Therefore the proposal shows prepared materials and the recommendation of financial products to utilise these funds.
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European Real Estate Investment Trusts: Analyzing Correlation with a DCC-GARCH Model
Jílek, Jiří ; Jandík, Tomáš (advisor) ; Vácha, Lukáš (referee)
Bibliographic Record JÍLEK, Jiří. European Real Estate Investment Trusts: Analyzing Correlation with a DCC- GARCH Model. Prague, 2012. 50 p. Master thesis (Mgr.) Charles University in Prague, Faculty of Social Sciences, Institute of Economic Studies. Supervisor: Tomáš Jandík MA MSc MRICS. Abstract The main goal of this thesis is to study the interdependencies between returns of European real estate investment trusts (REITs) and other investment asset classes such as European equities, government bonds and commodities. The thesis is divided into two parts: in the first part, we describe the necessary background that led to the emergence of first REIT structures and also provide an overview of the European REITs market. In the second part, we apply the Dynamic Conditional Correlation GARCH (DCC-GARCH) model to examine correlations between the above mentioned asset classes. The general understanding of real estate is that it provides diversification benefits to a diversified portfolio. However, our results suggest that returns of European REITs and stocks show a relatively high correlation and more importantly, the correlation increases in time. These findings have significant implications for investors and portfolio managers who seek protection for their portfolios in time of market downturns. Our results...
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The real estate funds on the market of collective investing analysis
Melša, Petr ; Musílek, Petr (advisor)
Investing in real estate funds presents relatively high stability of yields and that's why it is very interesting option for risk diversification in investment portfolio. The real estate funds offer the option how to invest with a less value of own capital. The diploma thesis should present information about the progress of real estate funds in the Czech Republic and of course show the development in other advanced countries.
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