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.

This master thesis is focused on designing and implementing a software system, that is able to trade autonomously at stock market. Neural networks are used to predict future price. Genetic algorithm was used to find good combination of input parameters.

Since the end of the 20th century capital markets have undergone a fundamental change. Under the influence of globalization they have become more interconnected and more functional than before on the base of information technology. Although the financial crisis of 2008 slowed down this development and liberalization, currently markets are rising again and one of the most striking trends is their integration into multinational units. An example of Stock Exchange Cooperation in the early 21st century is the CEESEG group associating Central and Eastern European Stock Exchanges, namely, the Wiener Börse, the Prague Stock Exchange, the Ljubljana Stock Exchange and the Budapest Stock Exchange. The theme of this thesis is to analyze the example of this geographically close and, thanks to the PSE, directly related, interesting trend of Stock Exchange cooperation, the manner of its function and impact on every member Stock Exchange.

The dissertation thesis is considered with the development of capital markets in Austria before 1918. The Austrian capital market originated during the 18th century as the place for distribution of government securities. In 1771 the Vienna Stock Exchange was established as the first organized place for securities trading in the former Austrian Monarchy. The government securities remained the major investment instrument traded till 1918. In primary decades the Austrian capital market was nearly connected with the development of Austrian currency especially in times before the Austrian state bankruptcy in 1811 and then in times of the following effort of the Austrian government aiming the correction of Austrian currency. This aiming culminated in establishing of the Privileged Austrian National Bank as the first central bank in the former Austrian Monarchy. From about 1830 private securities were traded in the Vienna Stock Exchange as well. In primary decades these private securities were especially represented by equities and bonds of railway companies. The peak of private emissions related to the Austrian capital markets could be documented round 1870 in the framework of the so called founder times. These founder times were ended in Mai 1873 by the crisis on the Vienna Stock Exchange. After 1873 the Austrian capital market went back to the situation from the early 19th century, i.e. it can be seen the dominant role of government securities connected with the decrease of importance of the Austrian capital market as the place for company finance funding. After 1880 there is the origin of the very strong connection between the industrial companies on the one side and the banking sector on the other side which was typical not only for the former Austrian -- Hungarian Monarchy but also for German Empire and for other Middle European countries. The decrease of importance of the private securities was also caused by the nationalization of the Austrian railway companies after 1879. During the World War I the Vienna Stock Exchange as well as other stock exchange in the Monarchy was out of business. During this time the Austrian public debt was multiplied and the Austrian currency under strong inflation. After 1918 the Vienna Stock Exchange lost much from its former importance to the prejudice of the Prague Stock Exchange above all.

This thesis presents market stock trading focused on analysis of financial crisis which falls on world's biggest exchange stocks and strategy of trading for a small investor. In the first part of this thesis will be explained priciples of trading on stock markets with modern trading business platformes. I explain economic conections and economy cycles which influence development of financial markets. In second part of thesis I analyse financial crisis fall on stock markets, indexis, commodities (gold, silver, brend crude oil) and currency markets (forex). I appreciate situation in Czech republik and course of czech index PX. Important role has a fundamental and technical analysis. I will analyse and descript modern trends of this business.

Topic of this master thesis is to examine whether weather related mood changes are in correlation with price of stocks. Thesis focuses on middle Europe stock market indexes PX, SAX, ATX and DAX. Research is based on relationship between daily cloud cover and development of the indexes form 1995 to 2012. It also focuses on comparison of several different models, especially models of seemingly unrelated regressions. It shows that indexes PX and ATX are significantly negatively correlated with local cloud cover. Use of seemingly unrelated regressions offers slightly better results. The relation between cloud cover and stock indexes is not strong enough to be used for weather based speculations

Trading with stocks at Prague stock exchange Summary This diploma thesis trading with stocks at Prague Stock Exchange provides a basic overview of the trading process and related matters. In the first chapter of the thesis I deal with the theoritical definition and divison of the financial market and its position in financial system with a focus on its functions. This definiton of the financial market is not done in context of legislation, but according to general theories. The second part of the thesis deals with stocks, when is gradually passed from the conception of stock as a security under the Civil Code, through the specifiaction of their forms and types according to the Act on Business Corporation, to the share as an investment security pursuant to the Act on Business on Capital market. In the third part of the thesis is Prague Stock Exchange described as a organizer of a regulated market. This section is primarily based on authentic sources as information available in the Registrar of Companies, Collection of Documents or from stock exchange rules. An important part is dedicated to the concept of Prague Stock Exchange as an administrative authority, where the guidelines are described in detail, and based on them it can be determined, that stock exchange is an administrative authority, even though it...

The thesis aims to provide basic information and a holistic overview of securities, especially their adjustment in the legislation. The thesis is based on the current wording of the legislation which are especially Act no. 89/2012 Coll. according the New Civil Code. The first part of the thesis is about the basic distribution of the securities and is characterized in detail the issue of securities legislation. Subsequently is described capital market functioning in the framework of the standard market economy. The practical part is devoted to collecting data from the lay public and experts. The aim of the survey is if the capital market is properly treated after a change in legislation. The method is a statistical evaluation. The thesis also shows how practically proceed in the beginnings of securities trading on the Internet.

The goal of this Masters Thesis is to analyse economic value added generated by non-financial companies listed on Prague stock exchange. Main goal is not only to calculate the amount of economic value added, but also to compare results of two economic models used to specify Re (Minimal required return of companys own capital), necessary to calculate economic value added. Next goal is to analyze link between economic value added and stock price. Correlation between this two parameters would be a sign of possibility to predict future stock price in dependance on generated economic value added. For this Masters thesis, It is important to have all balance sheets, P/L statements and stock market data for all selected corporations. All these informations were exported from database Thomson Reuters Eikon available on University of economics in Prague.

This diploma thesis deals with analysis of the stock price behavior around ex-dividend day, focusing on the European capital market. The theoretic part is aimed at summarizing of hypotheses and effects affecting the amount of the stock price in comparison with an amount of dividend during last 50 years. In the practical part, there is firstly described a methodology of testing, later the 3 main hypotheses are determined, that are finally tested on a sample of 220 European companies listed on twelve stock exchanges, including the Prague stock exchange. The aim will be to determine the validity of hypotheses on the sample as a whole as well as on some selected stock exchanges in the period between 2006 and 2010, the influence of the payment of dividend on share price, but also the potential impact of financial crisis. Furthermore, the possibility of arbitrage opportunities will be evaluated, which could be incurred on some stock exchanges or individual shares, as well as stability, efficiency and predictability of individual capital markets.