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The objective of the Diploma Thesis entitled Gold market analysis and the influence of commodities on portfolio diversification is to provide an insight to commodities as an investment asset class. This goal is tackled by the first and the second chapter. The first chapter provides theoretical support for commodities as a distinct asset, whereas the second chapter is focused on investors opportunities to obtain economic exposure to commodity assets on current financial markets. When introducing the commodity products, main focus is set on the gold market. The second objective of the Diploma Thesis is to analyze the gold market and gold added value for the investors. The structure of both supply and demand for gold is analyzed. Demand and supply are identified as the main gold price drivers. The thesis confirms that the main added value of gold as an asset lies in its addition to a portfolio of capital assets. Gold significantly improves diversification of the portfolio, protects the portfolio from inflation as well as from the economic event risk. On the contrary, in comparison to capital assets gold is not an perspective stand alone investment. The last objective of the thesis is to analyze the diversification potential of commodity indexes within a portfolio context. The last chapter is devoted to this objective. The chapter introduces commodity indexes as an investible product and analyses the influence of a selected commodity index being added to a portfolio of capital assets on the efficient investment frontier. It is shown that not only is the commodity index not a good diversification tool but the investors would be better off by selling it short.

This thesis analyzes the interdependence of stock markets in the Czech Republic, Hungary, Germany and the U.S. between 1994 and 2010. Its aim is to prove or disprove the hypothesis that the correlation of stock markets is growing. Furthermore, it aims to determine whether the benefits of international diversification are important in the 21st century. The first part defines the basic terms related to this issue. The next section describes the historical development of stock markets and major stock indexes. The following is the longest chapter, which deals with the dependence of equity markets. The degree of dependence between markets is measured by correlation coefficients. In order to calculate the correlation coefficients 3 methods were used: 12-month, 24-month moving window and the exponential weighting. It was confirmed that correlation increases in periods of high market volatility and if the equity markets go up. Correlation decreases in periods of low market volatility and if the stock markets go down. There is a long-term increasing trend in the correlation development. The last chapter describes the recent study of P. Christoffersen, V. Errunza, K. Jacobs, and X. Jin, which also deals with this issue. Although the authors used more complex mathematical and statistical methods, their conclusions are similar. At the end of this chapter there is a study dealing with the benefits of international diversification in 2005 and 2009. Its conclusion is that the benefits of international diversification are disappearing.

This thesis deals with the possibilities of investing in the financial market in the Czech Republic for free different types of investors who are different attitude to risk. The first part is generally characterized by the term investment, portfolio theory, types of investment strategies and variol investment instruments, whether in individual investment, as well as in collective investment schemes in which we invest, thereby realizing their funds. Own part is then focused on the modeling of achal investment portfolio for conservative, balanced and aggressive investor. For each of them is first characterized by its current portfolio, which have been shown in some parts as unsatisfactory and there for esubsequently proposed a new, more that meets investor requirements. They are considered basic requirements for return, risk and liquidity, as well as time horizon, which represents investor. Also, investor perceptions and visions for the future. In conclusion thee valuation of the diference between the current and new lyproposed investment portfolio for each client.

Medunová, P. Globalization on equity markets. Diploma thesis. Brno: Mendel university in Brno, 2013 This diploma thesis engages in measuring correlation between European countries and studies its impact on portfolio diversification possibilities. Theoretical work deals with the concept of globalization, financial integration and also describes process of Europe integration. In the thesis are also described the most important stock exchanges and indexes connected with them. In the last part there is dissected problem of risk diversification focused on international diversification. In practical part there is made correlation analysis and Granger causality test.

Agriculture has not been a mean of securing a food for nations for a long time. Today, thanks to the European union policy, the business activities of agricultural enterprises head towards to the energetics industry and to other industries like heating, forestry or services that enable the companies to diversify their activities beyond the borders of the primary sector. The reasons for a decision of extending the strategic focus of business are many: smaller dependency on weather, better market position in the relevant micro environs, more effective use of agricultural land, local energetic self-sufficiency. This thesis analyses especially the transition of the Czech agriculture from the concept of securing the food self-sufficiency of the state towards to the concept of securing energetic self-sufficiency of the state, facilitated by the renewable energy sources produces by farmers, and other development trends in the Czech agriculture in the European transnational, Czech national and local business context.

Šáchová, P., Diversification in the rewarding of Men and Women. Diploma Thesis. Brno: Mendel University in Brno, 2019. The theme of this diploma thesis is the diversification of the rewarding of men and women in two companies. First company is focused on automotive industry. The second company is focused on agriculture. The subject of investigation was accounted average gross wages and hourly wage tariffs. Based on data, which was provided by the companies has been done analysis, which was fucused on monthly and annual wages. According to lenght of employment, gender, age, and education has been done evaluation of the possible existence of wage diversification. Investigation was focused to incentive wage components too. At the end of the thesis were defined suggestions, which can be helpful for inequalities in rewarding.

Latitudinal diversity gradient is one of the oldest known trends in the distribution of life on the Earth. Scientists have been trying to find causes of its formation for more than two hundred years. There are several hypotheses suggested to explain this gradient. Recently, it is one of the main themes of discussion among ecologists and evolutionary biologists. By this Thesis, I will try to contribute to understanding of processes that generate the latitudinal diversity gradient. Particularly, I study if there is a relationship between ambient temperature and diversification rate. Is this relationship different for individual groups of animals? I choose birds as a model group. Specifically, these six families of birds: Accipitridae, Columbidae, Furnariidae, Picidae, Psittacidae and Strigidae. These groups include more than 1500 species. Each of them has the same universal gradient of diversity, with the highest diversity concentrated in the tropics. My objective was to find out, whether the universal gradients of bird's diversity had been shaped by the same historical processes. Or alternatively, whether different evolutionary trajectories had converged to the same gradients. The main outcome of my work is a discovery that some of the selected families diversified faster in warmer climates...

The thesis deals with diversification of the activities of agricultural holdings. The purpose of diversification is to keep and also create new jobs in the rural areas, keep or even increase farm income and contribute to the recovery of the villages/rural communities. It may lead to the stabilization of the rural population, increase in quality of their lives and the competitiveness of agricultural holdings. Its main objective is to analyze extend and importance of diversification in the whole Czechia and also in the model area of ORP Kralovice. It also aims to determine the influence of diversification on the rural development and employment in the rural areas. Then it intends to evaluate the importance of diversification for concrete agricultural holdings in the model area and to find out which are the most common/frequent diversification activities. At first thesis defines the concept of diversification, its typology, motives for diversification and factors, which it affects. It describes the development of minor/affiliated production and diversification activities before and after 1989 in the specific environment of Czechia. The thesis also deals with the analysis of strengths, weaknesses, opportunities and threats of non- agricultural activities. Finally the concept of diversification is...