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Investment asset management comparable to fund management
Pivko, Petr ; Kohajda, Michael (advisor) ; Sejkora, Tomáš (referee)
4 Investment asset management comparable to fund management Abstract This thesis concerns the analysis of the legal regulation of the functioning of mini-funds, or persons according to Section 15 of Act No. 240/2013 Coll., on Investment Companies and Investment Funds. These are entities that can manage investment assets without requiring the relevant public authorisation granted by the Czech National Bank. The essence of their existence is the fact that they fulfil some of the characteristics of investment funds, although they are not investment funds. The popularity of the use of this institute in the context of collective investment escalated during the pandemic of the Covid-19 disease. In my thesis I analyse the rights and obligations linked with this management, the legal relations towards investors and also towards the Czech National Bank. The thesis consists of several parts, namely an introduction of the European legislation on which the Czech legislation is based, and the most important part, both in terms of its scope and significance, containing a description and analysis of the Czech legislation. The thesis also includes research on the domestic mini-fund market, where data representing a part of the market are presented and provide insight into, for example, how much assets mini-funds represent...
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Is ESG a resiliency factor for company stock returns during a crisis? Evidence from Europe during the covid-19 pandemic
Krameš, David ; Novák, Jiří (advisor) ; Kurka, Josef (referee)
The goal of this thesis was to examine whether high ESG performance serves as a resiliency factor for company stock returns during times of crisis. Using a DID estimator for 3 different regions and treatment timings, I find that high ESG performance did serve as a resiliency factor for company stock returns in the short term during the covid-19 pandemic, with high-ESG firms having 1.125-4.785% higher stock excess log returns compared to low-ESG firms over a 15 day period. This is probably a result of their lower perceived riskiness. I also find this effect is primarily driven by the S pillar and for European companies, by firms belonging to the Financial and Healthcare industries. In the long term, I find that the effect reverses and ESG becomes a negative factor, which I believe is caused by investors starting to seek riskier investments again. Finally, for European and American firms, I find the effect of a high score in the G pillar is negative even in normal times.
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Analysis of efficiency and risk of investment options in a selected company.
KARAS, Stanislav
The aim of the thesis is to evaluate the current situation of the law office and to select the most appropriate approach to the implementation of acquisitions from the perspective of individual options. The thesis is divided into two parts, theoretical and practical. Within the theoretical part we present important professional information from the investment environment, specifically dealing with approaches to investing, the investment process, financing options, the theory of investment evaluation and other aspects. In the second part, i.e. the practical part, we focus on the actual introduction of the selected law office, the calculation of its financial health, the presentation of individual acquisition options, the calculation of individual financial ratios and we also deal with the substantiation of these results through professional trends within the legal field. All calculations are based on successive calculations of statistics drawing on the data of the selected law office and subsequent adherence to industry trends. In the conclusion of the thesis, recommendations for the implementation of a specific investment opportunity are presented, as well as the results and opinions of the author.
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Fundamental analysis of the selected stock
OSVALD, Viktor
The main goal of fundamental analysis is to make a gain from investing money in stocks. It is a combination of mathematical calculations and investor's experience that help him to understand the intrinsic value of the stock and whether it is convenient to buy it or to sell it. Moreover, there are also technical and psychological analysis that are used besides of the fundamental analysis to set the intrinsic value more precisely and predict future trends of the stock price. Ultimately after the intrinsic value is found, it is compared to the value on the stock market. In case the intrinsic value is higher than the value on the stock market, it means that the stock is undervalued, and it is convenient to buy it and vice versa. The key to the fundamental analysis is consistency. As the situation on the stock market is still evolving and the value of the stocks still changing, the fundamental analysis needs to be periodically updated with a new data so it can offer the correct predictive values.
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The investment portfolio and its creation
Sivenkova, Darina ; Toman,, Petr (referee) ; Ptáček, Roman (advisor)
The diploma thesis deals with the creation of a diversified investment portfolio. In the introductory part, the reader gets acquainted with the financial market and the used methodology. Stocks, bonds, ETFs, precious metals and currencies will be selected based on value screening, time series of macroeconomic indicators and price values. At the end of this work, the results of the methods used and proposals for selected strategies for retail investors will be published.
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Proposal for Investments in the Shares of Global Tobacco Companies to Complement the ETF Portfolio
Obůrka, Josef ; Bílek, Michael (referee) ; Rejnuš, Oldřich (advisor)
The diploma thesis is dedicated to the recommendation of supplementing the Exchange Traded Fund with shares of tobacco industry companies. The chapter of the theoretical basis of the work describes in more detail ETFs, investments and all kinds of indicators used in the analytical part. The analytical part proceeds from the selection of companies, through the analysis itself, to the verification of companies. Recommended companies, as well as anticipated industry developments and current risks of investing in shares, are presented in our own proposals.
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The investment portfolio and its creation
Musil, Jakub ; Scholleová,, Hana (referee) ; Ptáček, Roman (advisor)
The diploma thesis focuses on the application of fundamental analysis for the purpose of creating a stock investment portfolio for retail investors. The subject of the analysis are companies listed on European stock exchanges operating in the field of information technology. The first part defines the theoretical basis related to the issues of fundamental analysis and investment portfolio creation. In the second part, selected analyses are elaborated, including the calculation of the internal value of shares according to the FCFE model. The results are evaluated using a scoring method of intercompany comparison. The last part of the thesis formulates a summary investment recommendation for the thesis' client.
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Operational economic analysis of the operation of an administrative building
Sopoušek, David ; Chovancová,, Jitka (referee) ; Kocourková, Gabriela (advisor)
The topic of this bachelor‘s thesis is the operational economic analysis of the operation of an administrative building. First topic that is characterized is specific investment into an administrative building. The costs associated with the acquisition, modernization, and ongoing operation of the building are defined. These costs are afterwards divided into individual offices and common areas. In the next section, an analysis of the office space rental market is conducted. The objective of this thesis is to determine the cost and market rental price and further calculate monthly advance payments and overall annual settlement. Subsequently, an evaluation of the investment is conducted using selected indicators.
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Proposal to Supplement the Investment Portfolio of a Hedge Fund
Vymětal, Jan ; Ptáček, Roman (referee) ; Rejnuš, Oldřich (advisor)
This bachelor's thesis focuses on supplementing the investment portfolio for a fund of qualified investors with regional exposure in North America. In the theoretical part, we will introduce the theoretical and legal aspects of investing for a fund of qualified investors, investment funds, investing in joint stock companies, financial analysis, and banking models. This is followed by the practical part of the bachelor's thesis, which continues with the initial selection of shares according to management requirements. After the selection of individual companies, a financial analysis will be made, the results of which will then be compared and verified using a bankruptcy model. Finally, a recommendation for supplementing the investment portfolio will be proposed for the most suitable joint-stock Companies.
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Development of a Small Family Business
Haklová, Denisa ; Bednářová, Markéta (referee) ; Koráb, Vojtěch (advisor)
The bachelor thesis deals with the development of a small family business Vinařství Švásta a Kadlec, located in the village Rakvice in the South Moravian Region. The theoretical part presents the basic theory of the selected topic and a detailed description of the individual analyses that are carried out in the analytical part. On the basis of the selected analyses, the shortcomings of the examined winery are then identified. In the proposal part, the possibilities of investments that will help the winery to develop more are presented. The main investment is the creation of gift baskets using the products of Švásta and Kadlec winery and possible cooperation with neighbouring enterprises.
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