Investeringar är grunden i ett företag och därmed är investeringsprocessen ett intressant fenomen att titta närmare på. Efter att ha studerat litteratur och tidigare forskning, som tar upp problematiken i investeringsprocessen, framkom att beslutsfattarens roll är en väsentlig del vid investeringsprocessen. Studien behandlar både beslutfattarens bakgrund och val som påverkar investeringsbeslutfattande i restaurangsbranschen, beslutfattarens bakgrund och val behandlas som påverkande respektive förklarande faktorer. Studien syftar på att ta reda på om och i vilken omfattning belutfattarens bakgrund påverkar sina val i investeringsprocessen. Genom att tillämpa en kvantitativ metod i form av en enkätundersökning lyftes beslutsfattarens bakgrund och investeringsprocess fram. Utifrån enkätundersökningen gjordes en statistisk analys för att hitta eventuella samband mellan de påverkande samt förklarande faktorerna. Resultatet av enkätundersökningen och statistiska analysen visade att det fanns starka samband mellan faktorer såsom kön, ålder, investeringsrutin, kalkylanvändning, utbildningstyp och utbildningsnivå. Detta bekräftar tidigare forskning och teorier om beteendeinriktad investeringsbeslutfattande.

This diploma thesis addresses the issue of evaluation of investments in newly created companies in the high-tech industry, so-called start ups. Firstly, theoretical basis of investment decision-making are defined together with special aspects of venture capital investments. Furthermore, the known methods of investment evaluation are analysed in detail, their strengths and weaknesses are outlined and the suitability of using these methods to evaluate investments in start-ups is assessed. A case-study is then used to examine application of these methods in practice. Part of the thesis is also devoted to detailed analysis of financing options that are available to start-ups in the USA. The most widely used types of start-up financing are identified together with current trends in this area. Issues concerning various types of start-up financing are then explained and demonstrated on examples.

The aim of this master's thesis is to create a project of a small power plant in the Czech republic, which would be powered by geothermal energy as a renewable energy source. Followed by evaluation of economic effectiveness and return of that investment. For which I use known methods for evaluation and investment decision making.

This thesis is focused on the investment evaluation of a machinery company. The theoretical part describes the technology of drilling, investment project, investment decision making, financing of the investment, its efficiency evaluation by dynamic methods. The practical part introduces the investment project and summarizes theoretical solutions. Moreover, the author carried out the company’s balance sheet and the prognosis of its sales by performing multiple factors linear regression analysis using software Gretl, determined the type of the investment financing and selected the investment project based on the point criteria and the theoretical solutions. Furthermore, the efficiency of the chosen project was evaluated by the dynamic methods described in the theoretical part. Finally, the author created a Net Present Value sensitivity analysis and compared results of the static and dynamic methods. These results become fundamentals for recommendation of the investment project realization.

The subjekt of this diploma thesis is evaluation of the investment project of the company in order to prepare an investment recommendation fot the company. In the theoretical part of the diploma thesis, there will be presented procedures, which will be applied in decision making in the practical part of the thesis. In this case, investment options will be assessed using these methods and the most appropriate investment recommendation for the company will be drawn up.

The thesis deals with an evaluation of the investment project for storage automation in an engineering company. The theoretical part of the thesis describes topics of investment and investment decision-making, methods of evaluation of investment projects, sources of investment financing and storage. At the beginning of the practical part of the thesis, the realized investment project was introduced and its technical specification was presented. In the analytical part of the thesis, the company's balance sheet was evaluated, gathering and analysis of calculation data was carried and a calculation of yearly revenues and costs was performed. Subsequently, calculations of investment efficiency were performed using dynamic methods of evaluation of investment projects and sensitivity analysis of input factors. In the final part of the thesis, the evaluation of the results was performed and recommendations for future investments of the company in the same technology were set.

The purpose of my master‘s thesis is to open new school within EWTO in Vysočina region, concretely in Žďár nad Sázavou, and consequently spread the influence of EWTO in Czech republic. Part of my thesis is dedicated to determine the best investment option, analyse external environment, define conditions for foundation of a new school, propose convenient pricing policy and compile entrepreneurial plan in order to get mid-term bank loan.

The Master Thesis focuses on an investment project’s economic effectiveness and stability of financing. In the theoretical part of the thesis there are basic ideas on investment projects explained and further the thesis deals with project lifecycle phases, cash flow predictions, methods of investment economic evaluation, factors that influence investment decision making and sources of project’s financing. In the practical part there are these theoretical findings applied on a real investment project and by analyzing it is searching for a recommendation for a project realization.

Real estate development investment requires a large capital funding but it has slow payback with many risks and uncertainties in the investment. The current approach by using NPV to evaluate this type of investment is not adequate anymore. This is because NPV does not thoroughly capture the uncertainties in the investment and the method ignores the management flexibility whether to postpone or abandon the project in the future. An alternative approach that addresses these issues is to use real options to evaluate this type of investment. The thesis uses the real option model that was proposed by McDonald and Siegel (1986) to evaluate real estate development investment. The model captures value and cost uncertainty in the investment and considers that managements have the flexibility to defer the investment into the future. The thesis analyzes the model critically by sensitivity analyses and shows that using the model requires the input parameters to be carefully determined, especially the ones that relate to unit rental rate.  Furthermore, the paper uses Monte Carlo simulation to determine the optimal ratio between value and cost which suggests that the investment should be deferred or invested now. The result shows that, in general, a real estate project should be invested when the value of the project doubles the cost. Also, the result from the simulation allows investors to adjust the ratio according to their risk behavior. Lastly, the thesis performs another Monte Carlo simulation in order to quantitatively identify the effect of the real option model on the investment decision. The result shows that using only the traditional NPV to evaluate the investment can lead to the wrong investment decision more than 90% of the time. Therefore, using both real options and NPV together can improve investment decisions on the real estate development project.

Studiens syfte var att undersöka om nudging kan påverka individers ekonomiska riskbenägenhet och om effekten av nudging som beteendeförändrings teknik skiljer sig beroende på upplevd ekonomisk knapphet under livsloppet. Studien har utgått från en kvantitativ metodologi och design. Metoden innehåller ett standardiserat frågeformulär med ett väl beprövat instrument som mäter ekonomisk knapphet och ett pre-experiment för att kunna mäta deltagarnas riskbenägenhet. Urvalet bestod av ett studenturval (N= 304) och studien utfördes på studenter vid Högskolan i Skövde. Nudging är ett verktyg som kan användas för att ge människor möjlighet att kunna fatta mer medvetna beslut och därmed undvika ett automatisk tänkande. Tidigare forskning visar att människor ofta har svårt att ta rationella beslut när de ställs inför komplexa val. I sådana situationer tenderar människor att använda sig av ett heuristiskt tänkande och därmed appliceras ett automatiskt tankesätt. Individer som upplever eller har upplevt ekonomisk knapphet har svårare att ta långsiktiga ekonomisk beslut. Forskningar har visat att en uppväxt under låga socioekonomiska förhållanden kan leda till systematiska skillnader i beslutfattande. Vilket kan resultera i att dessa individer gör mer riskbenägna och impulsiva val. Forskarna ville undersöka om effekten av nudging som beteendesförändringsteknik kan påverka riskbenägenhet. Studiens resultat visade att upplevd ekonomisk knapphet under livsloppet inte hade någon större effekt på deltagarnas ekonomiska riskbenägenhet. Det fanns en tendens som visade att effekterna av nudging som beteendeförändringsteknik skiljer sig beroende på upplevd ekonomisk knapphet under livsloppet, dock var resultatet ej statistisk signifikant. / The purpose of this study was to investigate whether nudging can impact individuals'economic risk taking and whether the effect of nudging as a behaviour change technique differs dependingon perceived scarcity during the life cycle.The study has been based on a quantitative methodology and design. The method contains a standardized questionnaire with an established instrument that measures scarcity and a pre-experiment to be able to measure the participants' risk taking. The sample consisted of a student sample (N= 304) and the study was performed on students at the University of Skövde. Nudging is a tool that can be used to give people the opportunity to make more conscious decisions and thereby avoid automatic thinking. Previous research shows that people often find it difficult to make rational decisions when faced with complex choices. In such situations, people tend to use heuristic thinking and thereby an automatic way of thinking is applied. Individuals who experience or have experienced scarcity find it more difficult to make long-term economic decisions. Research has shown that growing up in low socio-economic conditions can lead to systematic differences in decision-making, which can result in these individuals making more risky or impulsive choices.The researchers wanted to investigate whether the effect of nudging as a behaviour change technique can affect risk taking. The results of the study showed that perceived scarcity during the life cycle had no major effecton the participants' economic risk taking. There was a tendency that showed that the effects of nudging as a behaviour change technique differs depending on perceived scarcity during the life cycle, however, the result was not statistically significant.