Types of shares in the Business Company and Cooperative Act The purpose of this thesis is to present a new legal regulation concerning the types of shares under the Business Company and Cooperative Act. The thesis especially focuses on a description of the new legal regulation and possible interpretation issues which may arise as a result of establishing of the entirely new legal institute which was not applied in the Czech Republic before. The thesis is divided into four chapters, each of them dealing with the different issues of the topic in question. The first chapter serves as a brief introduction to the following parts since it defines what a share actually is under the Czech law and explains its legal nature. The chapter two deals with the historical development of legal regulation of the types of shares in the Czech Republic the previous legal regulation of the Commercial Code included. The third chapter examines the types of shares which the business company is entitled to issue in compliance with the applicable provisions of the Business Company and Corporate Act. This chapter is divided into seven parts, in which the ordinary shares, preference shares, shares with special rights and special rights which may be incorporated into the share are discussed. Particularly the types of individual...

The aim of the thesis is based on statistical methods to predict the evolution of the share price of company Philip Morris CR, Inc. and subsequent determining the period of investment return, which was made during the reporting period for companies trading on the Prague Stock Exchange. The author first defines the position of the capital market, defines used tools within the market and divides the capital market into type of securities business and into the type of the opportunities to participate in the market and into the type of organized character. For the analyze shares are identified market participants and are listed investment tools. Finally are formulated types of exchanges, clarified ITS functions and author defines The Public Market in the Czech Republic In the subsequent part of the thesis is executed fundamental and technical analysis, forecast of the shares of Philip Morris and calculating return of investment using macroeconomic ratios, indicators of sectoral analysis, the dividend discount model, profitable models, trend indicators and oscillators, multiple linear regression and profitability investments. The author on the Base of the fundamental analysis, recommended shares of Philip Morris CR at 06/2017 sell.

In the first part the diploma thesis is focused for introduction to fundamental analysis and in the second part is the fundamental analysis practiced on O2 Czech Republic a.s. The aim of the diploma thesis is to determine the intrinsic value of stocks selected valuation models and compare them with the market price, and finally issue investment recommendations on selected shares. Global Analysis examines the macroeconomic conditions that affect in the long-term the financial market. Sectoral analysis is focused on the telecommunications sector, where factors affecting the selected sectors are assessed. In corporate analysis, financial analysis is made and in the end intrinsic value of shares O2 Czech Republic a.s. is calculated.

This master thesis focuses on shares of companies who pay out dividends therefore dividend stocks. Shares from Czech stock market RM-SYSTÉM are anaylzed from publicly available data and portfolio is subsequently created from them.

The diploma thesis is dealing with a fundamental analysis. The first part of diploma thesis presents the methods and procedures of analysis. It evaluates their advantages and disadvantages. The practical part of diploma thesis is dealing with an application of fundamental analysis in assessment of financial position of concrete joint stock company ČEZ. The top of my survey is estimated a formulation of instrinsinic share value and a recommendation for shares of ČEZ.

Master´s thesis deals with the fundamental stock analysis of Philip Morris CR. The theoretical part describes the methods and procedures of fundamental analysis. In the practical part of the work a fundamental analysis on a global, sectoral and company level is performed. Outcome of this work is an investment recommendation based on the comparison of an observed intrinsic value of a stock with current market price.

The thesis analyses the processes within a brokerage firm and based on this analysis describes the design and implementation of a solution, that allows user to monitor the electronic trading infrastructure at real-time. The monitoring system provides a detailed overview of live orders and currently realized transactions on various stock exchanges, allows searching and filtering data, as well as automatic creation and distribution of reports and protocols with information about message latencies. The system design takes into account a large amounts of data, reaching approximately million messages per day and hundreds of messages per second at peak times.

Shares as Securities The purpose of this Master's degree thesis is to analyse the general characteristics of shares as securities with regard to amendments contained in the Act No. 90/2012 Coll., on Companies and Cooperative associations (hereinafter the "Act on Companies") and the Act No. 89/2012 Coll., the Civil Code (hereinafter the "Civil Code"). This thesis is composed of eight chapters, each of them dealing with different aspects of the aforementioned topic. Chapter One introduces the term "share" from the general point of view. Furthermore, this chapter contains a brief introduction into legal history of statutes, which were governing shares. Chapter Two explains the characteristics of shares as securities. The opening part of this chapter also focuses on the legal definition of security. Subsequently, this chapter deals with the provisions of the Act on Companies concerning the definition of share and the rest of this chapter examines various attributes of share with respect to the classification of securities. Chapter Three describes an issuance of share. This chapter is concerned with the legal regulation of issuance of securities and the process of issuance of shares governed by the Act on Companies. The last part of this chapter is focused on fractional value shares, which are referred...

The anonymity of shareholders and non-transparent ownership structures of joint stock companies belongs to the most discussed issues of these days in terms of corporate law. The significant changes in relevant legislation and unresolved questions of the anonymity of shareholders are the reason I decided to focus on this topic. The main purpose of my thesis is to analyze the anonymity of shareholders and conditions of their identification, primarily regarding the recent recodification of the Czech civil law and the legislation being prepared not only in the Czech Republic but also at EU-level. The thesis is composed of six chapters. Chapter One is introductory and deals with the history of the anonymity of shareholders and their identification within the Czech territory. Chapter two is concerned with the problems that resulted from enacting the Bearer Share Abolition Act. Next two Chapters concentrate on current Czech legislation regulating the anonymity of shareholders and conditions of their identification, represented in particular by the Business Corporation Act and other relevant statues. These chapters are subdivided into several parts which thematically deal with the anonymity based on the form of shares, information publicized in the Commercial Register or the conception of a trust; it also...

In our work, we focus on the dynamics of the volatility and co-movement during the first year of public trading. We use the wavelet analysis to investigate the return volatility of the technology stocks an their co-movement with the market in the time-frequency space. We employ the data sampled on multiple frequencies, ranging from 1 second high-frequency to daily data. We present three main findings. First, we identify gradual decline of the return volatility on all but the shortest investment horizons. Second, we do not find a convincing evidence that the technology stocks synchronize with the rest of the market as they get mature. Third, the different nature of the synchronization with the NASDAQ and S&P 500 indices is also not confirmed. JEL Classification C22, C32, C58, G19 Keywords IPO, technology stocks, wavelet analysis Author's e-mail martin.kus@outlook.com Supervisor's e-mail vachal@utia.cas.cz