The financial risks which are faced by companies in international business are defined in the theoretical part of the graduation thesis. The second chapter presents particular methods of credit risks management. The principles of financial derivatives, the motivation of derivatives trading and their brief history is approached in the third chapter. The last two chapters focus on practical example. The corporation Czech airlines, Inc. is presented in the fourth chapter. In the last fifth chapter the concrete used methods of financial risks management are defined.

The diploma thesis is focused on the evaluation of inforamtion systems of selected company with the support of Business Intelligence tools in the field of economical and financial risks. Theoretical points are focused on the use of new trends in the field of BI. Further theoretical part is the area of risk management. The practical part will analyze the current state of a particular company. The aim is to design analytical and reporting support services with Business Intelligence tools in financial risk for their effective assessment and management.

This diploma thesis deals with spot energy trading in the Czech Republic. The first section focuses on legal market environments, market members, and types of individual markets. This serves as an introduction to the second and the final section, which answers the question of the advantageousness of spot energy trading. The final section illustrates a practical demonstration of an optimization analysis of energy costs in a particular company. The contribution of this thesis, in my opinion, is the practical description of the calculation of energy costs in one company or an association of companies, which are considering the spot energy purchase, and a transfer of the responsibility for the deviation.

The aim of this diploma thesis is to analyze the risks associated with secure living made available by the company Senior Sen, s.r.o., which provides social services and offers solutions for people's unfavorable social situations. In the theoretical part the problematic areas, threats and risks will be examined, with a focus on security risks. In the practical part the risks will be analyzed, evaluated and ways to reduce them will be suggested.

Bitcoin är en global kryptovaluta som har ökat kraftigt i värde och därmed fått en allt större betydelse på marknaden. Då valutan är relativt ny och inte har ett centraliserat styre uppstår olika typer av risker som exempelvis företags förtroende för ett nytt ekonomiskt system, politiska regleringar samt en högre volatilitet i jämförelse med fiatvalutorna. Syftet med studien är att beskriva och analysera hur svenska företag som handlar med kryptovalutan Bitcoin identifierar och hanterar de risker som uppstår i samband med att de handlar med valutan. Svenska företag som handlar med Bitcoin måste identifiera de risker som de utsätts för vid handeln. De identifierade riskerna behöver sedan hanteras av respektive bolag och detta kan göras genom att följa de tre stegen som utgör effektiv riskhantering. För att kunna uppfylla syftet har vi genomfört semistrukturerade intervjuer med fyra svenska företag som handlar med Bitcoin. Vi har sedan använt en tematisk analys för att analysera den data som har samlats in. Studien visade att de risker som respondenterna har identifierat går i linje med studiens teoretiska referensram samt att de svenska företag som ingick i studien inte använder någon slags riskhanteringsmodell. Trots detta fanns det likheter med respondenternas resonemang och den effektiva riskhanteringen även om de uppger att de inte har inkorporerat någon riskhanteringsmodell i sin organisation / Bitcoin is a global cryptocurrency which has grown in market value and therefore increased its importance in the market. Because the currency is relatively new and decentralized, risks like companies trust in a foreign system, political risks and increasing volatility are higher in comparison with fiat currencies. The purpose of this study is to describe and analyze how the Swedish companies that trade with Bitcoin identify and manage the risk that occurs in connection with trading of the currency. Swedish companies that trade with Bitcoin need to identify the risks which they are exposed to. The identified risks needs to be managed by the respective companies which can be done through the three steps that constitutes effective risk management. To answer the purpose of the study, we conducted semi structured interviews with four Swedish companies that trade with Bitcoin. We have then analyzed the data with a thematic analysis. The study shows that the risks that the responders have identified is in line with the study's theoretical framework and that the Swedish companies that participated are not using a risk management model. Despite this, there were some similarities with the responders reasoning and effective risk management even if they stated that they have not incorporated the model in their organization.

В выпускной квалификационной работе представлена комплексная методика управления финансовыми рисками и их имплементация в систему стратегического управления банком. В процессе достижения данной цели в рамках исследования автором были проанализированы и систематизированы основные методы оценки финансовых рисков в отдельности и их комплексе. Предложена модель комплексной оценки финансовых рисков, основанной на взаимосвязи отдельных элементов счета прибылей и убытков и их влияния на итоговый финансовый результат деятельности банка. Рассмотрены методические подходы к управлению комплексным финансовым риском, основанной на системе установления стратегических лимитов по направлениям деятельности. / In the final qualifying work presents a comprehensive methodology for financial risk management and their implementation in the system of strategic management of the Bank. In the process of achieving this goal in the study, the author analyzes and systematizes the basic methods of financial risk assessment individually and their complex. The proposed model of integrated assessment of financial risks is based on the relationship of individual elements of the account of profits and losses and their impact on the final financial result of the Bank's activities. Methodical approaches to management of complex financial risk based on the establishment of strategic limits on activities.

Выпускная квалификационная работа (магистерская диссертация) посвящена исследованию финансового механизма коррупционных правонарушений в сфере закупок. Предметом исследования выступают экономические отношения, возникающие в процессе совершения коррупционных правонарушений в данной сфере. Основной целью диссертации является разработка теоретических, организационных, правовых положений, составляющих основы финансового механизма коррупционных правонарушений в исследуемой сфере. В заключении обозначены основные направления развития противодействия коррупционным правонарушениям в сфере закупок. / Final qualifying work (master's thesis) is devoted to the study of the financial mechanism of corruption offenses in the field оf procurement. The subject of the study, are the economic relations arising in the process of committing corruption offenses in this area. The mаin purpose or the thesis is to develop theoretical, organizational, legal provisions that fоrm the basis of financial mechanism of corruption offenses in the study area. In conclusion, the main directions of development of combating corruption offenses in the field of procurement аге outlined.

O sistema de fundos de pensão possui papel fundamental na constituição de poupança e desenvolvimento do mercado financeiro e de capitais de um país. As incertezas de sustentabilidade do equilíbrio financeiro no longo prazo direcionam a exigência de uma supervisão robusta sobre os diversos riscos incorridos, não se restringindo apenas ao seu estado de solvência. A presente dissertação procura apresentar modelos baseados na avaliação dos riscos de um fundo de pensão, passando pela situação atuarial, as características dos planos, bem como pelos parâmetros relacionados ao mercado de capitais e formas de gestão dos investimentos. Os modelos propostos nos ajudam a visualizar o risco atuarial justificado pelo aumento da expectativa de vida, o risco de mercado através do reinvestimento e o risco de mercado em função do nível das taxas de juros. Ainda, tendo em conta estes riscos quantificáveis, é efetuada uma aplicação prática com o objetivo de determinação do requisito de capital de um determinado fundo de pensão para a cobertura destes riscos, tendo por base o modelo do projeto europeu de Solvência II, desenvolvido no âmbito da atividade seguradora. / The system of pension funds has a primary role in the formation of savings and financial market development and capital of a country. The uncertainties of financial balance sustainability in the long term drive the requirement for a robust supervision on the various risks involved, not restricted only to its state of solvency. This dissertation seeks to present models based on risk assessment of a pension fund, through the actuarial situation, the characteristics of the plans, as well as the parameters related to capital markets and ways of managing investments. The proposed models help us to see the actuarial risk justified by the increase in life expectancy, market risk through reinvestment and market risk based on the level of interest rates. Still, considering these risks quantifiable, a practical application is made for the purpose of determining the capital requirement of a particular pension fund to cover these risks, based on the model of the European Solvency II project, developed within the ambit of insurance activity.

O sistema de fundos de pensão possui papel fundamental na constituição de poupança e desenvolvimento do mercado financeiro e de capitais de um país. As incertezas de sustentabilidade do equilíbrio financeiro no longo prazo direcionam a exigência de uma supervisão robusta sobre os diversos riscos incorridos, não se restringindo apenas ao seu estado de solvência. A presente dissertação procura apresentar modelos baseados na avaliação dos riscos de um fundo de pensão, passando pela situação atuarial, as características dos planos, bem como pelos parâmetros relacionados ao mercado de capitais e formas de gestão dos investimentos. Os modelos propostos nos ajudam a visualizar o risco atuarial justificado pelo aumento da expectativa de vida, o risco de mercado através do reinvestimento e o risco de mercado em função do nível das taxas de juros. Ainda, tendo em conta estes riscos quantificáveis, é efetuada uma aplicação prática com o objetivo de determinação do requisito de capital de um determinado fundo de pensão para a cobertura destes riscos, tendo por base o modelo do projeto europeu de Solvência II, desenvolvido no âmbito da atividade seguradora. / The system of pension funds has a primary role in the formation of savings and financial market development and capital of a country. The uncertainties of financial balance sustainability in the long term drive the requirement for a robust supervision on the various risks involved, not restricted only to its state of solvency. This dissertation seeks to present models based on risk assessment of a pension fund, through the actuarial situation, the characteristics of the plans, as well as the parameters related to capital markets and ways of managing investments. The proposed models help us to see the actuarial risk justified by the increase in life expectancy, market risk through reinvestment and market risk based on the level of interest rates. Still, considering these risks quantifiable, a practical application is made for the purpose of determining the capital requirement of a particular pension fund to cover these risks, based on the model of the European Solvency II project, developed within the ambit of insurance activity.

Submitted by Fabio Sobreira Campos da Costa (fabio.sobreira@ufpe.br) on 2017-04-24T13:24:16Z No. of bitstreams: 2 license_rdf: 1232 bytes, checksum: 66e71c371cc565284e70f40736c94386 (MD5) DISSERTAÇÃO (2016-6-30) - JOÁS TOMAZ DE AQUINO.PDF.pdf: 2545956 bytes, checksum: b9aabb94688142e23c5ace4525799a04 (MD5) / Made available in DSpace on 2017-04-24T13:24:16Z (GMT). No. of bitstreams: 2 license_rdf: 1232 bytes, checksum: 66e71c371cc565284e70f40736c94386 (MD5) DISSERTAÇÃO (2016-6-30) - JOÁS TOMAZ DE AQUINO.PDF.pdf: 2545956 bytes, checksum: b9aabb94688142e23c5ace4525799a04 (MD5) Previous issue date: 2016-06-30 / FACEPE / Um dos primeiros passos para o sucesso dos projetos é a correta identificação e classificação dos fatores de risco que possuem impacto financeiro substancial. Pois, nesta fase ainda é possível a criação de modelos de gerenciamento de risco mais adaptativos e a criação de estratégias para a mitigação das perdas financeiras subjacentes. Assim, o objetivo deste trabalho é propor uma metodologia de avaliação dos riscos financeiros presentes em projetos inovadores realizados por empresas desenvolvedoras de software do Porto Digital. Este local foi escolhido por possuir empresas em essência mais inovadoras por florescerem em ambientes repletos de atividades de P&D e fazerem uso de tecnologias da informação para criação de novos produtos e processos. Buscando a criação de um diagnóstico quantitativo integrado dos sete fatores de risco identificados na literatura (relacionados ao planejamento, ações externas, capital financeiro, requisitos técnicos, mão de obra, execução, suporte e cronograma), foi utilizada uma metodologia com as seguintes etapas: (1) utilização do método Non-Traditional Capital Investment Criteria (NCIC) para identificação dos fatores de riscos críticos nos projetos com base na perda financeira proporcionada; (2) classificação dos riscos com base em matrizes de riscos; e (3) a realização da simulação do valor presente líquido agregado do projeto, finalizando com a análise pós-simulação. A metodologia mostrou-se adequada para a análise de projetos inovadores estudados por permitir a quantificação do impacto dos riscos, apoiando a tomada de decisão no planejamento de resposta aos mesmos. Apesar de cada projeto possuir natureza inovativa diferente, no geral foi identificado que o fator de risco relacionado às questões financeiras esteve presente em todos os projetos, ora em primeiro ora em segundo plano. Outro elemento pertinente verificado foi aquele relacionado ao planejamento e estimação dos benefícios que podem ser gerados pelo projeto, revelando a importância do processo de planejamento da inovação. Isto é, no momento de seleção de ideias e na verificação da viabilidade inicial do projeto, sobretudo, naqueles com maior grau de inovação. Enquanto o atendimento ao cronograma teve maior impacto no projeto de inovação incremental, riscos associados às questões técnicas não se mostraram expressivas nos projetos. Sob o ponto de vista do controle gerencial exercido foram identificados gaps demonstrando que se faz necessário repensar sobre como os projetos são conduzidos sob o ponto de vista de gestão e estabelecer novas estratégias de mitigação ou prevenção. Foi identificado também que os projetos A2 e A3 eram viáveis quando analisados apenas sob a ótica tradicional do seu VPL, mas quando são inseridos os fatores de risco relacionados ao planejamento, financeiro e cronograma, os projetos deixaram de ser viáveis, já que os seu valores presente líquidos agregados mostraram-se negativos. Isso revela a pertinência e a sensibilidade da análise multicritério na análise de investimentos complexos como aqueles estudados. / One of the first steps of project’s success is the correct identification and classification of risk factors with substantial financial impact. Since at this stage still allowed the creation of more adaptive risks management models and the creation of strategies to mitigate underlying financial losses. Therefore, the aim of this study is to create an evaluation of financial risks present proposal on innovative projects performed by software development companies at Porto Digital. This place of study was chosen because includes the most innovative companies in essence, by flourish in environments filled with research and development activities and make use of information technology on the process of creation of new products and processes. Searching for the creation of a quantitative diagnosis that integrates the seven risk factors identified on literature was used a methodology that follows this three steps: (1) using the NonTraditional Capital Investment Criteria method (NCIC) to identify critical risk factors on projects based on financial loss provided; (2) risks classification based on risk matrixes; and (3) the present liquid value simulation aggregated to the project, ending with the post-simulation analysis. The methodology proved itself adequate to innovative projects analysis by allowing to quantify the risks impacts on them, supporting the decision making process on planning the response to it. Although each project possess a different innovative nature, in general, it was identified that the risk factor related to financial issues was present in all of the projects, both on first or second plan. Another relevant element verified was the one related to planning and the estimation of benefits that can be generated by the project, revealing the importance of the innovative planning process. That is, the moment of the ideas selection and initial viability verification, especially on a higher degree of innovation projects. While the compliance schedule has higher impact on incremental innovative projects. Risks associated with the technical issues were not effective. From the point of view of management control, were identified gaps demonstrating that it is necessary rethink about the conduction of projects from the management angle and establish new strategies for mitigation or prevention. It has also been identified that projects A2 and A3 was viable only when analyzed under the traditional optical of theirs NPV, however when the risk factors are inserted, related to planning, financial and schedule, the projects are no longer viable with the aggregated NPV to become negative. This shows the relevance and sensitivity of the multi-criteria analysis on complexes investments analysis as studied here.