This graduation thesis deals with shares and bonds, with special focus on didactic use in educational processes at commercial academies. It builds upon methods of assessing and disclosure of different kinds of shares and bonds, as well as basic ways of their classification and characteristics of the most common shares and bonds. It also presents different methods of education of this subject at commercial academies, including practical examples of exercises and applied tests.

Analýza výkupu účastnických cenných papírů (squeez-out) v právu ČR. Součástí práce je rozbor procesu, který směřuje k ?vytlačení? menšinových akcionářů z účasti na společnosti. Proces výkupu je hodnocen z hlediska ochrany vlastnického práva a institucionální zajištění ochrany práva menšinových akcionářů.

Analýza výkupu účastnických cenných papírů (squeez-out) v právu ČR. Součástí práce je rozbor procesu, který směřuje k ?vytlačení? menšinových akcionářů z účasti na společnosti. Proces výkupu je hodnocen z hlediska ochrany vlastnického práva a institucionální zajištění ochrany práva menšinových akcionářů.

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Práce pojednává o využití systémů distribuované umělé inteligence (konkrétně multiagentního systému) k ekonomickým simulacím trhů cenných papírů z pohledu jednotlivých účastníků trhu. Součástí diplomové práce bylo navrhnout a implementovat multiagentní systém simulující obchodování na burze cenných papírů, kde jednotliví agenti zastupují jednotlivé obchodníky na burze, a to jak korporace poptávající kapitál, tak fondy nabízející kapitál. Cílem pak bylo najít a formulovat co nejmenší množinu předpokladů nutných k tomu, aby na trhu cenných papírů docházelo k obhodování jinému než nákupu primární emise, a experimentem ověřit. V první části textu je implementovaný systém popsán jak z technického hlediska, tak v ekonomických souvislostech, v druhé jsou popsány experimenty a jejich výsledky. Zvláštní pozornost je věnována hypotéze efektivních trhů a demonstraci nedostatečnosti jejích předpokladů.

This diploma thesis focuses on the relationship between stock index and exchange rate in the Czech republic. The theoretical part describes Prague stock index, exchange rate and its regimes, as well as theoretical knowledge and practical studies of this relationship by another authors. In practical part of diploma thesis, relationship between exchange rate and stock index is tested with Granger causality. At the end of this paper, results of this diploma thesis are compared with results of authors, who focused on same topic.

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.

Central securities depository Abstract The topic of this diploma thesis is the person of a central securities depository, with a specific focus on its legal regulation. In relation to this topic, two main areas are accentuated - on the one hand, the authorisation procedure of a central securities depository and, on the other hand, its subsequent functioning. The aim of the paper is to comprehensively cover all relevant aspects of the legislation, to reflect on its suitability, assess its necessity, analyse its current issues, and also present its potential future direction. The thesis contains an introduction, five systematically segmented chapters and a conclusion. The first chapter serves as an obligatory introduction to the subject and at first deals with the definition of the financial and capital market. In the second subchapter of this chapter, a brief introduction to the central securities depository and a description of its position within the latter mentioned market takes place. This chapter is then concluded by a segment concerning supervision and its genesis in the Czech Republic. The second chapter tackles the procedure for the authorisation to operate a central securities depository, analysing both the already repealed domestic legislation and the regulation coming from the representatives of...

Subject of this thesis is initial public offering and it’s main goal is describing of obtaining external funds for company’s funding. In the first part of the thesis is description of basic structure of financial markets, especially stock markets. The term IPO and it’s advantages and disadvantages are described. The last part is focused on individual steps of IPO realization. This thesis is focused on evaluation of chosen company’s entry on stock market. Especially macro-economic presumptions for IPO, readiness of chosen company and choice of suitable market are evaluated.

1 ABSTRACT Stock Exchange The contents of the notion "stock exchange" change in time. Factors inducing these changes are intertwined and influence each other. The introduction of modern telecommunication technologies in 1980s brought about a process of change in the notion of "stock exchange". This factor mainly influenced the territorial aspect of said notion. Modern communication technologies allowed for integration of capital markets within Europe. This integration required unification of legislation in EU Member States. The crucial piece of Czech legislation implementing European norms in the area of stock exchange markets is the Act No. 256/2004 Coll. on Business on Capital Market. The greatest influence on the notion of "stock exchange" has had the transposition of the EU MiFID directive into that act in 2008. The changes introduced by this directive have led to vacating tne notion of "stock exchange" in legal terms with the term itself being replaced by "operator of the regulated market". Over the past decade the supervision and regulation on both European and national levels have undergone substantial changes. The changes and innovation in the investment instruments market have called for changes in institutional setting of supervision and regulation. These changes in supervision and regulation have...