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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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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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Drivers of Private Equity Activity across Europe: An East-West Comparison
Kočenda, Evžen ; Shivendra, R.
We investigate the key macroeconomic and institutional determinants of fundraising and investment activities and compare them across Europe, covering 13 Central and Eastern European (CEE) and 16 Western European (WE) countries. Five macroeconomic variables and nineteen institutional variables are selected. These variables are studied using panel data analysis with fixed effects and random effects models over an eleven-year observation period (2010–2020). Bayesian Model Averaging (BMA) is applied to select the key variables. Our results suggest that macroeconomic variables have no significant impact on fundraising and investment activity in either region. Investment activity is a significant driver of fundraising across Europe. Similarly, fundraising and divestment activity are significant drivers of investments across Europe. Institutional variables, however, affect fundraising and investment activity differently. While investment freedom has a significant effect on funds raised in the WE and CEE countries, government integrity and trade freedom are both significant determinants of investments in both European regions. In addition, the results demonstrate that, in contrast to the WE region, fundraising in the CEE region is not country specific.
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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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Assessment of the effectiveness of the reconstruction of flats before sale
Hudínková, Veronika ; Vařechová, Martina (referee) ; Hlavinková, Vítězslava (advisor)
This master's thesis addresses the assessment of the effectiveness of pre-sale apartment renovation as a means to facilitate decision-making for investors. The analysis focuses on the T06B panel housing system, characteristic of the Brno residential portfolio from the 1970s. The study examines the impact of renovation on the market value of apartments and the financial returns on investment. The research evaluates the viability of investment based on various apartment layouts in relation to different neighborhoods within Brno. A database of realized prices is compiled for each potential layout, and typical pre- and post-renovation apartment prices are determined through comparisons. By utilizing itemized budgeting, the costs of apartment renovation are calculated, followed by a comparison and analysis of the results based on individual locations.
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Real Estate Investment in Residential and Building a Real Estate Portfolio
Brožová, Barbora ; Hrdlička, Tomáš (referee) ; Cupal, Martin (advisor)
This thesis deals with residential investment. It focuses on the precise definition of terms such as investment, cash flow or portfolio. The thesis also thoroughly examines the methods of evaluating the efficiency of investments and how to calculate them, for subsequent application in the application part of the thesis. The application part of the thesis is devoted to the analysis of already realized investments divided according to motives and investment methods. On the basis of this analysis, the thesis evaluates the results and compiles according to them such an optimal portfolio consisting of residential real estate, which in accordance with the portfolio theory effectively distributes risk and at the same time brings the investor the maximum possible return according to predetermined fixation parameters. At the end of the thesis, this optimal portfolio of real investments has been constructed.
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