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Bank fee and commission income - its determinants and impact on bank's profitability and risk
Vozková, Karolína ; Tůma, Zdeněk (advisor) ; Tripe, David (referee) ; Výrost, Tomáš (referee) ; Mejstřík, Michal (referee)
This thesis consists of five essays dealing with the fee and commission income in European banks from the macro, sector and bank level perspectives. This topic is of high relevance since fee income represents the largest part of the non-interest income of EU banks. The first part of the thesis deals with banks in general terms, while the second part is focused solely on cooperative banks, which represent approximately 20% of the EU banking sector. We compare the magnitude of the bank fee income across EU countries and study its determinants and impacts on banks' performance. The first essay compares the magnitude of the fee income across EU countries with a special emphasis on the Czech Republic from a macroeconomic perspective. First, we conclude that Czech banks are not abnormally dependent on fee income and their outstanding performance can be attributed to sound risk management, high liquidity and sufficient capital buffers rather than to excessive fees. Second, our evidence suggests that the share of fee income had an increasing trend in EU countries in recent years, which might be connected to the effort to maintain sufficient profitability in the low interest rates environment. We also discuss how new entrants, the so called low-cost banks, changed the banking sector in the Czech Republic....
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Charakter tržního prostředí komodity vepřové maso
Kraváčková, Sabina
The thesis is focused on the nature of market environment of selected commodity – pork meat, especially on the impact on developmental trends in the Czech Republic. It describes the development on domestic market with pork meat as well as the development on foreign market of European Union countries, in terms of demand and supply. The thesis is focused also on price formation in pork meat commodity vertical and competitiveness of Czech producers of pork meat on common market. The thesis analyses the business sphere and market concentration of meat-processing plants and slaughterhouses in the Czech Republic, when it refers to the largest domestic market players. The conclusion of the thesis is devoted to the analysis of price transmission in terms of the position of agricultural primary producers, industrial processors and final chains on the Czech market based on monthly prices of pork roast with bone and boneless pork leg.
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The Analysis of Oligopolistic Structure on the Czech Audit Market
Šindelář, Michal ; Müllerová, Libuše (advisor) ; Králíček, Vladimír (referee) ; Vyleťalová, Květoslava (referee)
The dissertation thesis is processed in the form of a set of original and published articles with specific results from the methodologically or thematically related areas. The aim of the dissertation is to obtain information about the audit market in the Czech Republic from the point of view of oligopolistic structure and to compare the results with an international research in this area. The issue of the audit market was not a frequent subject of academic analyses in the Czech Republic, therefore the dissertation tries to fill this gap. The oligopolistic structure interferes audit in several risk areas. It threatens the independence of the auditor in the context of the simultaneous provision of audit and non-audit services. The existence of a high market concentration may also indicate negative impacts on the overall quality of the audits performed. The main contribution of the work lies in the analysis of the market concentration on the data of the Czech Republic. The dissertation as a whole analyses the Czech audit market between the years 2010-2015 and presents a view of academic research on market concentration in the Czech Republic. In terms of data source, the dissertation deals with areas of higher social importance, i.e. areas of public interest entities respectively listed companies, which is also typical for international research. Therefore, the conclusions of the dissertation cannot be generalized to the field of the audit market represented by companies that are not public interest entities. From the methodological point of view, the dissertation in its analytical part is based mainly on internationally recognized statistical methods for measuring market concentration, namely the concentration ratio and the Herfindahl-Hirschman index. The most important conclusion is the finding that there is a comparable level of market concentration in the Czech audit market with large audit markets. The analysis shows that Big 4 firms occupy approximately 85% of the audit market and this share remains unchanged between the years 2011-2014.
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Market analysis of PR agencies in Czech Republic in the period 2013 - 2015
Jakubcová, Klára ; Loužek, Marek (advisor) ; Křítková, Soňa (referee)
The work analyzes market of public relations in the Czech Republic in the period from 2013 to 2015 based on the available data. Data come from research for The Association of PR Agencies (APRA) and from the balance sheets of selected agencies. The main hypothesis says, there is a monopolistic competition on the Czech market of PR agencies, because there is homogenous product, a large number of agencies, no entry barriers and agencies don´t have market power. I tested the hypothesis by calculating the Concentration coefficient and the Herfindahl Hirschman Index. Both methods confirmed the main hypothesis of monopolistic competition in this market. Work also includes the TOP 10 of PR agencies in the Czech market according to turnovers. It shows that the largest agency in the 2013 was Bison & Rose and in 2014 and 2015 it was AMI Communications. I also compared the changes in income and in prices of services by agencies that are members of APRA. So I can say that between the period from 2013 to 2015 there was a 18% growth in income of agencies, which was caused by higher quality of orders and not by raising prices.
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Analysis of the market concentration in public procurement markets
Kolorosová, Barbora ; Pavel, Jan (advisor) ; Dufek, Luboš (referee)
This master thesis is focused on the market concentration in six sectors of public procurements in the Czech Republic, and the relationship between level of market concentration, profitability of the companies, final price and number of bids. The analyzed procurements refer to food industry, electricity, postal and telecommunications services, solar energy, IT and automotive sector from period of 2007-2010. Concentration ratio, Herfindahl-Hirschman index and Gini coefficient were used to quantify market concentration. The first four of above mentioned public procurement markets seem to be highly concentrated according to these indicators; the remaining two cases are unconcentrated or moderately concentrated. Correlation analysis was used for each sector. The analyzed variables were: market shares of the companies, their profitability, average number of bids and average proportion of the final and expected price in tenders which the company won. Further, the relationship between market concentration indicators and average variables for the relevant sectors was assessed.
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The mergers of breweries and their influence on the prices of beer and the market stucture in the Czech Republic
Matej, Vlastimil ; Gráf, Václav (advisor) ; Loužek, Marek (referee)
The aim of the bachelor thesis is to analyse an influence of breweries' mergers on the price of beer and the market structure in the Czech Republic. This paper is focused on the development of market structure at the market of bottled beer and keg-beer in the last 20 years. Both markets has noticed strong rise of market concentration so far. The biggest brewing companies either with Czech or with foreign capital participation are also introduced here. In the part dedicated to the influence of breweries' mergers on the price of beer there is a summary showing price development of some Czech bottled and keg-beer. Connecting of the breweries and their influence on the extensity of offered beer are assessed on the examples of Heineken Czech Republic Group and K Brewery Group. On the total analysis of the ROA and ROS ratios it is possible to see significant differences depending on the size of the company. The last part of this paper demonstrates a tax advantage of the small breweries.
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The role of big companies in the economy
Ščamburová, Mária ; Zemplinerová, Alena (advisor) ; Antoš, Ondřej (referee)
Abstract The thesis is trying to find out if Czech republic disposes really big companies in the manufacturing industry and analyze attitude of czech government towards important companies. Situation in Czech republic compares with Finland and Slovakia. Theoretical part describes certain types of market structures and their effect to competition. Reports competition concepts by chosen economic schools as well as antitrust policy and unfair competition. In the end it shows company types by size and interest groups that are connected not only with big companies. Analytical part research market concentration in czech manufacturing industry with special focus on market concentration -- company size relationship. Following part compares world largest companies with biggest czech, slovak and finnish ones. Last part points government attitude towards big companies by examples Škoda Auto, a.s., ČEZ, a.s., Slovenský plynárenský priemysel, a.s. and Nokia.
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