The subject of the diploma paper is Multiple Criteria Decision Making of Stocks Traded on Prague Stock Exchange during financial crisis in the years 2008 and 2009. Diploma paper is divided into two sections. First section mainly focus on introduction of multiple criteria decision algorithms and fields, where are algorithms applied. Main purpose of second part of the diploma paper is to compile classified semence of stocks based on fundamental investment principals and make comparison of various orders based on both years and each algorithms.

This thesis deals with the current major trend in the financial markets and the cooperation within exchange systems. This is happening thanks to unstoppable globalization trends, both at the regional and continental level. The work is specifically focused on the Stock Exchange in Prague, Ljubljana, Budapest and Vienna stock exchange and their cooperation within the group CEESEG. The first part deals with general changes in the financial markets over the past few decades. The second part focuses on the characteristics of CEESEG exchanges, describes the functioning of the holding and evaluates the advantages and disadvantages of their cooperation. The final part consists of a survey of experts and long time active participants in the Czech capital market conducted on this topic followed by an evaluation. This work is supplemented with charts and figures that should help readers better grasp the subject

Šťavíková, V. Investment portfolio and its creation. Diploma thesis. Brno, 2015 This diploma thesis focuses on creation of an investment portfolio using the Markowitz theory. The matters of building a portfolio and portfolio management are described in the first part of the thesis. Subsequently, the operation of the Prague Stock Exchange with a particular focus on the stock market is interpreted whereas the characteristics of considered shares is not omitted. This thesis further focuses on specifying the investment criteria. The next part contains the application of the portfolio theory itself where there are demonstrated the findings of the portfolio theory via assembled collections of financial assets.

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.

Zusammenfassung: Ausschluss von Minderheiten (Zwangsübergang von Beteiligungswertpapieren) Diese Arbeit befasst sich mit dem Recht auf einen nachträglichen Ausgleich bei dem Zwangsübergang von Beteiligungswertpapieren, das eine der Grundvoraussetzungen der Verfassungsmäßigkeit des Ausschlusses von Minderheiten darstellt. Die gerichtliche Nachprüfung der den verdrängten Inhabern bezahlten Abfindung sowie der Ablauf der Bezahlung des nachträglichen Ausgleichs werden in dem Text der Arbeit ausführlich erörtert. Ziel dieser Arbeit ist es, die umstrittenen und unklaren Bestimmungen der wirksamen Regelung des Rechts auf einen nachträglichen Ausgleich aufzuzeigen, mögliche Auslegungen solcher Bestimmungen darzulegen und aus diesen die geeignetste Auslegung zu wählen. Diese Auslegung wird dann mit den zur Regelung des Ausschlusses im Handelsgesetzbuch verfassten Schlussfolgerungen der Rechtsprechung verglichen um zu beurteilen, ob diese Schlussfolgerungen der Rechtsprechung auch nach dem 01. 01. 2014 weiterhin gelten. In dieser Arbeit wird die Bedeutung des Rechts auf einen nachträglichen Ausgleich sowie die allgemeinen Aspekte der Geltendmachung dieses Rechts erklärt. Das gerichtliche Verfahren und die außengerichtliche Vereinbarung das nachträgliche Ausgleich wird ausführlich erörtert. Der Ablauf der Bezahlung...

Mezi jedno z nejvíce diskutovaných témat posledních roků týkající se regulace finančních institucí bezpochyby patří Basel II. Konceptu Basel II v spojení s bankami se v posledních letech věnovalo mnoho článků a publikací. Málo se však psalo o dopadech této Nové basilejské dohody na obchodníky s cennými papíry. Právě to bude hlavním cílem této práce. Na úvod budou shrnuty důvody a význam regulace obchodníků s cennými papíry a její vývoj v České republice. Dále bude následovat vymezení finančních rizik a způsob jejich řízení. Komplexní řízení rizik obchodníka s cennými papíry je v současnosti založeno především na sledování kapitálové přiměřenosti. Basel II umožňuje používat základní i speciální přístupy pro její výpočet. Obchodníci s cennými papíry si pravděpodobně nebudou moci dovolit implementovat speciální přístupy. Základní přístupy jsou však přísné a pro mnoho obchodníků to může znamenat výrazné zvýšení kapitálových požadavků.

Thesis deals with analysis and interpretation of movements of share rates in the view of behavioral finance. It examines how investor psychology, as one man, and the characteristics of the crowd and their influence on the behavior of the markets. This work represents some of the theoretical concepts of behavioral finance, which are contrary to the postulates of the theory of efficient markets, as well as empirical evidence on market anomalies that serve as the basis of arguments advocates of behavioral finance. The theoretical parts are dismembered some of the main influences acting on the psychology of investors, with a strong emphasis on the scarcity of arbitration, and some selected problems of the theory. In the practical part in the three experiments proven results confirming the interpretation of behavioral finance.

This thesis deals with the comparative analysis of stock markets in Prague, Warsaw and Budapest. The main goal of the thesis is to evaluate the trading systems and development of stock indices, market capitalisation, trading volume and numer of new IPO. One part is also devoted to birth of stock aliances in Central Europe. The results showed dominant role of Warsaw Stock Exchange in this region. Warsaw stock exchange operates with most developed trading system. In terms of market indicators Warsaw stock exchange has the biggest market capitalization and trading volume. On the other hand Prague and Budapest Stock Exchange could benefit in the future from membership in CEESEG holding company.

The subject-matter of this diploma thesis is a comparison of financial performance of issuers of selected stock titles listed on the official market of the RM-SYSTÉM, česká burza cenných papírů a.s. stock exchange from a potential investor's perspective. The comprehensive comparison of financial performance presented both in the numerical and the graphic form is achieved through the application of the ranking method based on evaluation criteria analysing financial performance in the years 2009 to 2015 with a view of economic power, profitability, stability and investor perspective. The ranking is compiled with the use of each of the evaluation criteria on the basis of weighted average, taking account of the up-to-datedness of the input data of pre-defined materiality coefficients, and on the basis of arithmetic average representing the median value for the calculation of absolute volatility expressed by the standard deviation.

This thesis compares stock exchanges in Central and Eastern Europe. It covers exchanges of Prague, Budapest, Warsaw, Bucharest, Ljubljana, Zagreb, Vienna, and Istanbul. At first, all the exchanges are briefly introduced including naming five most liquid stocks. Selected market specifics are then compared including supported order types, tick sizes, fees policy, trading hours, safety breaks, taxes, market capitalization, and weights in global stock indices. Lastly, a comparison of trading activity is provided and analysis of important feature of trading -- liquidity is performed calculating selected liquidity measure for each market.