The dissertation compares the export credit rating model of the national Export Guarantee and Insurance Agency EGAP with models applied by selected Czech banks. The first part of the dissertation presents a summary of credit risk theory. It depicts the main principles of lending and its risks. The dissertation further describes the factors that influence credit risk and the methods of its modelling. While mathematical risk models project the expected loss as well as its sensitivity to the risk factors, the focus of this thesis lies in qualitative models which set a normalized scale for probability of default, the so called credit rating models. The main contribution of the dissertation lies in the survey carried out among four Czech banks belonging to owners from various countries, from which we get an overview of their rating models. It follows from the gathered information that their models are based on financial indicators when rating the buyers/exporters. The models are also considerably amended by non-financial factors whose importance in certain cases rose following the recent financial crisis. The agency EGAP insures business activities abroad and therefore its model takes into account also specific factors related to the destination country. The main difference between the models of EGAP and the examined banks lies in the method of creation and validation: EGAP does not dispose of sufficient amount of business case studies, so that it has to rely on external consulting services when setting up and validating the model. The dissertation concludes that while all rating models are composed of similar risk factors highlighting past financial indicators of the financed business, each analysed rating model differs significantly in the specific database of business cases that were used to construct the model, depending on the availability of data to the bank/insurer. The conclusion that can be drawn from this fact is that the main factor for successful prevention of future failures of the credit rating models will be the extent of the credit assessment database which will be used for the construction of the respective rating model.

Diploma thesis focuses on an issue regarding the state interventions into market economy and provides the explanation, how does different economic ideas approach this issue and whether they support or deny the state interventions. It focuses in detail on support that is provided towards exporting companies. Czech Republic has two export credit agencies, firstly Export Guarantee and Insurance Corporation (EGAP) and secondly Czech Export Bank (CEB). This diploma thesis analyses only EGAP´s structure and quantifies the impact of its existence on Czech economy. In a first part we analyze historical evolution of ideologies that deals with state interventions and market failures in connection with support for exporters. It continues by description how international institutions like WTO or OECD work. Rules for export credit agencies, which summarize Consensus OECD, are closely analyzed. From this point forward the practical part begins to focus on EGAP´s structure. Firstly we describe the mechanism of support through the specific insurance products for exporters, following by analysis of uncommon structure of premium rate. The diploma thesis presents EGAP´s different approach in areas of regulation, structure of shareholders and uncommon risks insuring from regular commercial insurance company. In the last part we describe the procedure of evaluating the output of EGAP´s support for its whole existence. The analysis measures the profits and losses in related areas that were supported by EGAP´s insurance products. Mainly these areas are following: Accumulated loss of EGAP, The amount of profit amongst supported exporters, The amount of profit amongst financing banks and in the end the analysis of the positive impact on the unemployment in Czech Republic. The result should show, how convenient is for government to possess such an institution, especially nowadays when all developed countries do own similar institutions.

The diploma thesis focuses on institutional structure of trade promotion in the Czech Republic and highlights the activities of particular trade promotion agencies on strategic markets - China and Brazil. The thesis contains also detailed description of EU Common Commercial Policy and how it influences the trade policy-making in the Czech Republic. The part of the thesis analyses the international trade of the Czech Republic, including the territorial and commodity structure with subsequent in-depth focus on international trade between the Czech Republic and China/Brazil.

This dissertation offers a complex analysis of the state supported export credit market in the Czech Republic. For the most part of the work the author deals with credit insurance market as it represents a key part of the system. Author analyses portfolio specifics of the local export credit insurance agency and searches for the most effective risk mitigation techniques and procedures in order to maintain its long-term non-loss operations while keeping in mind its special supportive mission. Particular attention is given to the export credit insurance agency's business policy that copes with problems of information asymmetry, moral hazard and adverse selection. Author points out the differences between state supported and commercial insurers, analyses European legislation preventing export credit agencies from competition with commercial insurers and outlines more effective endogenous and self-regulating system. Minority of the work deals with less important export credit financing agency that represents a dominant player at the export credit financing market. Author finds almost twenty reasons of its extraordinary position at the market that has no analogy within developed countries worldwide and outlines a system securing its complement role to the commercial banks. Finally the author provides the analysis of the whole state supported export credit system, highlights its main risks in conjunction with each other and concludes that combination of negative circumstances influencing several important features of the system could possibly lead to a long-term instability of the system.

Os objetivos do presente trabalho consistem na síntese de dois polímeros - poli(2,1,3-benzotiadiazol-4,7-ilenovinileno-alt-9,9-n-dioctil-2,7-fluorenilenovinileno) (PBTDV-alt-PDO27FV) e poli[4,7-(2,1,3-benzotiadiazolileno)-alt-(2,5-dioctilóxi-1,4- fenilenovinileno)] (PBTDV-alt-PDOPPV) - cinco oligômeros - 4,7-bis(2-(9,9-n-dioctil-9H-fluoren-2-il)vinil)2,1,3-benzotiadiazol (FBF); 2,7-bis(2-(2,1,3-benzotiadiazol-4-il)vinil)9,9-n-dioctil-9H-fluoreno (BFB); 4-(2-(9,9-n-dioctil-9H-fluoren-2-il)vinil)2,1,3-benzotiadiazol (FB); 1,2-bis(9,9-n-dioctil-9H-fluoren)2-vinileno (FF) e 2,2\'-(2,2\'-(9,9-n-dioctil-9H-fluoreno)2,7-bis(vinileno)bis(9,9-n-dioctil-9H-fluoreno) (FFF) - e três small molecules - 7,7\'-(4,4-bis(2-etil-hexil)-4H-silolo[3,2-b-:4,5-b\']ditiofen-2,6-diil)bis(6-fluoro-4-(5\'-hexil-[2\'-tiofeno-2\'-tiazol]-5-il)benzo[c][1,2,5]tiadiazol (G37FBT); 7,7\'-(4,4-bis(2-etil-hexil)-4H-silolo[3,2-b-:4,5-b\']ditiofen-2,6-diil)bis(6-fluoro-4-(2\'-isobutil-[5\',2\'-ditiazol])-5-il)benzo[c][1,2,5]tiadiazol (J1) e 7,7\'-(4,4-bis(2-etil-hexil)-4H-silolo[3,2-b-:4,5-b\']ditiofen-2,6-diil)bis(5\'-hexil-[2,2\'-bitiofeno]-5- bis(il)benzo[c][1,2,5]tiadiazol) (J2) - seguida da aplicação desses materiais em dispositivos fotovoltaicos e magnetorresistivos e em sensores de gás. Os polímeros e oligômeros preparados são derivados de poli(p-fenilenovinileno) e contêm unidades de fluoreno e/ou 2,1,3-benzotiadiazol, tendo sido empregada, na etapa final de cada síntese, reação de Wittig visando ao acoplamento e à formação das duplas vinilênicas. As small molecules, preparadas por meio de sucessivas formações de organo-estananas e reações de Stille, também foram sintetizadas com sucesso e em rendimentos apreciáveis. A espécie J2 não foi preparada com sucesso, obtendo-se, em contrapartida, um análogo dessa molécula, que foi devidamente isolado e caracterizado. No que tange à aplicação dos materiais em dispositivos fotovoltaicos, os resultados até então obtidos mostraram-se inconclusivos, sendo digno de nota, no entanto, que o estudo continua sendo conduzido por colaboradores. O trabalho de aplicação dos materiais em dispositivos magnetorresistivos apresentou resultados interessantes para os oligômeros FBF, BFB, FFF e FF, visto que dispositivos fabricados a partir das referidas espécies mostraram variação em seus valores de corrente elétrica quando submetidos a campo magnético de 200 mT. Por fim, foram desenvolvidos narizes eletrônicos com duas finalidades distintas: (a) identificação de diferentes espécies de madeira de interesse ambiental e (b) estudo da influência da atividade física no indivíduo por meio da análise do suor. Os sensores de gás foram preparados por meio da deposição de finos filmes de materiais orgânicos conjugados dopados sobre a superfície de eletrodos interdigitados. No estudo acerca da identificação de espécies de madeira, a análise de leave-one-out revelou 100 % de taxa de acerto na diferenciação entre as espécies angelim, cedro-rosa, imbuia e perobinha. O estudo da influência da atividade física no indivíduo também se mostrou promissor na medida em que identificou os diferentes estágios do exercício físico com taxa de acerto de 93 %, também definida pela técnica estatística de leave-one-out. / The present work consists on the synthesis of two polymers - poly(2,1,3- benzothiadiazole-4,7-ylenevinylene-alt-9,9-n-dioctyl-2,7-fluorenylenevinylene) (PBTDV-alt-PDO27FV) and poly[4,7-(2,1,3-benzothiadiazole-ylene)-alt-(2,5-dioctyloxy-1,4-phenylenevinylene)] (PBTDV-alt-PDOPPV) - five oligomers - 4,7-bis(2-(9,9-n-dioctyl- 9H-fluorene-2-yl)vinyl)2,1,3-benzothiadiazole (FBF); 2,7-bis(2-(2,1,3- benzothiadiazole-4-yl)vinyl)9,9-n-dioctyl-9H-fluorene (BFB); 4-(2-(9,9-n-dioctyl-9H-fluorene-2-yl)vinyl)2,1,3-benzothiadiazole (FB); 1,2-bis(9,9-n-dioctyl-9H-fluorene)2- vinylene (FF) and 2,2\'-(2,2\'-(9,9-n-dioctyl-9H-fluorene)2,7-bis(vinylene)bis(9,9-n-dioctyl-9H-fluorene) (FFF) - and three small molecules - 7,7\'-(4,4-bis(2-ethyl-hexyl)-4H-silolo[3,2-b-:4,5-b\']dithiophene-2,6-diyl)bis(6-fluoro-4-(5\'-hexyl-[2\'-thiophene-2\'- thiazole]-5-yl)benzo[c][1,2,5]thiadiazole (G37FBT); 7,7\'-(4,4-bis(2-ethyl-hexyl)-4H-silolo[3,2-b-:4,5-b\']dithiophene-2,6-diyl)bis(6-fluoro-4-(2\'-isobutyl-[5\',2\'-dithiazole]-5-yl)benzo[c][1,2,5]thiadiazole (J1) and 7,7\'-(4,4-bis(2-ethyl-hexyl)-4H-silolo[3,2-b-:4,5-b\']dithiophene-2,6-diyl)bis(5\'-hexyl-[2,2-bithiophene]-5-bis(yl)benzo[c][1,2,5]thiadiazole) (J2) - followed by the application of such materials in organic photovoltaics (OPV), magnetoresistive devices and gas sensors. The polymers and oligomers are all poli(p-phenylenevinylene)s derivatives containing 2,1,3-benzothiadiazole and/or substituted fluorene units in the main chain. Those materials\' preparation comprises a coupling Wittig reaction as the key step, through which the vinylenic bonds are formed. The small molecules mentioned above were synthesized by successive organostannane preparations followed by cross-coupling Stille reactions, leading to the target-compounds in considerably high yields. Although the route is a very useful methodology for synthesizing organic conjugated small molecules, J2 was not successfully prepared. The reaction led to a J2 analogue instead, that was properly isolated and characterized. The application of the cited materials in organic photovoltaics (OPVs) is still in progress, since the study has shown inconclusive results so far. The study of the organic magnetoresistive properties of the synthesized materials has led to interesting results for the oligomers FBF, BFB, FFF and FF. The devices containing those compounds in their active layers presented considerable variations in their electric current values when submitted to a magnetic field of 150 mT magnitude. Finally, electronic noses for two different applications were developed: (a) the identification of wood species that can be easily mistaken and (b) the study of exercise physiology through analyses of sweat samples. The gas sensors were prepared by the deposition of doped organic conjugated materials thin films onto the surface of intedigitated electrodes. The study on the differentiation of several species of wood showed 100 % rate of hits determined by leave-one-out statistics analysis. The study on the exercise physiology was also promising since it allowed the identification of the three different stages of the physical exercise with a 93 % rate of hits, also determined by leave-one-out methods. Thus, both studies suggest that the electronic nose can be a powerful tool to study many different targets in which the release of volatile compounds is involved

Os objetivos do presente trabalho consistem na síntese de dois polímeros - poli(2,1,3-benzotiadiazol-4,7-ilenovinileno-alt-9,9-n-dioctil-2,7-fluorenilenovinileno) (PBTDV-alt-PDO27FV) e poli[4,7-(2,1,3-benzotiadiazolileno)-alt-(2,5-dioctilóxi-1,4- fenilenovinileno)] (PBTDV-alt-PDOPPV) - cinco oligômeros - 4,7-bis(2-(9,9-n-dioctil-9H-fluoren-2-il)vinil)2,1,3-benzotiadiazol (FBF); 2,7-bis(2-(2,1,3-benzotiadiazol-4-il)vinil)9,9-n-dioctil-9H-fluoreno (BFB); 4-(2-(9,9-n-dioctil-9H-fluoren-2-il)vinil)2,1,3-benzotiadiazol (FB); 1,2-bis(9,9-n-dioctil-9H-fluoren)2-vinileno (FF) e 2,2\'-(2,2\'-(9,9-n-dioctil-9H-fluoreno)2,7-bis(vinileno)bis(9,9-n-dioctil-9H-fluoreno) (FFF) - e três small molecules - 7,7\'-(4,4-bis(2-etil-hexil)-4H-silolo[3,2-b-:4,5-b\']ditiofen-2,6-diil)bis(6-fluoro-4-(5\'-hexil-[2\'-tiofeno-2\'-tiazol]-5-il)benzo[c][1,2,5]tiadiazol (G37FBT); 7,7\'-(4,4-bis(2-etil-hexil)-4H-silolo[3,2-b-:4,5-b\']ditiofen-2,6-diil)bis(6-fluoro-4-(2\'-isobutil-[5\',2\'-ditiazol])-5-il)benzo[c][1,2,5]tiadiazol (J1) e 7,7\'-(4,4-bis(2-etil-hexil)-4H-silolo[3,2-b-:4,5-b\']ditiofen-2,6-diil)bis(5\'-hexil-[2,2\'-bitiofeno]-5- bis(il)benzo[c][1,2,5]tiadiazol) (J2) - seguida da aplicação desses materiais em dispositivos fotovoltaicos e magnetorresistivos e em sensores de gás. Os polímeros e oligômeros preparados são derivados de poli(p-fenilenovinileno) e contêm unidades de fluoreno e/ou 2,1,3-benzotiadiazol, tendo sido empregada, na etapa final de cada síntese, reação de Wittig visando ao acoplamento e à formação das duplas vinilênicas. As small molecules, preparadas por meio de sucessivas formações de organo-estananas e reações de Stille, também foram sintetizadas com sucesso e em rendimentos apreciáveis. A espécie J2 não foi preparada com sucesso, obtendo-se, em contrapartida, um análogo dessa molécula, que foi devidamente isolado e caracterizado. No que tange à aplicação dos materiais em dispositivos fotovoltaicos, os resultados até então obtidos mostraram-se inconclusivos, sendo digno de nota, no entanto, que o estudo continua sendo conduzido por colaboradores. O trabalho de aplicação dos materiais em dispositivos magnetorresistivos apresentou resultados interessantes para os oligômeros FBF, BFB, FFF e FF, visto que dispositivos fabricados a partir das referidas espécies mostraram variação em seus valores de corrente elétrica quando submetidos a campo magnético de 200 mT. Por fim, foram desenvolvidos narizes eletrônicos com duas finalidades distintas: (a) identificação de diferentes espécies de madeira de interesse ambiental e (b) estudo da influência da atividade física no indivíduo por meio da análise do suor. Os sensores de gás foram preparados por meio da deposição de finos filmes de materiais orgânicos conjugados dopados sobre a superfície de eletrodos interdigitados. No estudo acerca da identificação de espécies de madeira, a análise de leave-one-out revelou 100 % de taxa de acerto na diferenciação entre as espécies angelim, cedro-rosa, imbuia e perobinha. O estudo da influência da atividade física no indivíduo também se mostrou promissor na medida em que identificou os diferentes estágios do exercício físico com taxa de acerto de 93 %, também definida pela técnica estatística de leave-one-out. / The present work consists on the synthesis of two polymers - poly(2,1,3- benzothiadiazole-4,7-ylenevinylene-alt-9,9-n-dioctyl-2,7-fluorenylenevinylene) (PBTDV-alt-PDO27FV) and poly[4,7-(2,1,3-benzothiadiazole-ylene)-alt-(2,5-dioctyloxy-1,4-phenylenevinylene)] (PBTDV-alt-PDOPPV) - five oligomers - 4,7-bis(2-(9,9-n-dioctyl- 9H-fluorene-2-yl)vinyl)2,1,3-benzothiadiazole (FBF); 2,7-bis(2-(2,1,3- benzothiadiazole-4-yl)vinyl)9,9-n-dioctyl-9H-fluorene (BFB); 4-(2-(9,9-n-dioctyl-9H-fluorene-2-yl)vinyl)2,1,3-benzothiadiazole (FB); 1,2-bis(9,9-n-dioctyl-9H-fluorene)2- vinylene (FF) and 2,2\'-(2,2\'-(9,9-n-dioctyl-9H-fluorene)2,7-bis(vinylene)bis(9,9-n-dioctyl-9H-fluorene) (FFF) - and three small molecules - 7,7\'-(4,4-bis(2-ethyl-hexyl)-4H-silolo[3,2-b-:4,5-b\']dithiophene-2,6-diyl)bis(6-fluoro-4-(5\'-hexyl-[2\'-thiophene-2\'- thiazole]-5-yl)benzo[c][1,2,5]thiadiazole (G37FBT); 7,7\'-(4,4-bis(2-ethyl-hexyl)-4H-silolo[3,2-b-:4,5-b\']dithiophene-2,6-diyl)bis(6-fluoro-4-(2\'-isobutyl-[5\',2\'-dithiazole]-5-yl)benzo[c][1,2,5]thiadiazole (J1) and 7,7\'-(4,4-bis(2-ethyl-hexyl)-4H-silolo[3,2-b-:4,5-b\']dithiophene-2,6-diyl)bis(5\'-hexyl-[2,2-bithiophene]-5-bis(yl)benzo[c][1,2,5]thiadiazole) (J2) - followed by the application of such materials in organic photovoltaics (OPV), magnetoresistive devices and gas sensors. The polymers and oligomers are all poli(p-phenylenevinylene)s derivatives containing 2,1,3-benzothiadiazole and/or substituted fluorene units in the main chain. Those materials\' preparation comprises a coupling Wittig reaction as the key step, through which the vinylenic bonds are formed. The small molecules mentioned above were synthesized by successive organostannane preparations followed by cross-coupling Stille reactions, leading to the target-compounds in considerably high yields. Although the route is a very useful methodology for synthesizing organic conjugated small molecules, J2 was not successfully prepared. The reaction led to a J2 analogue instead, that was properly isolated and characterized. The application of the cited materials in organic photovoltaics (OPVs) is still in progress, since the study has shown inconclusive results so far. The study of the organic magnetoresistive properties of the synthesized materials has led to interesting results for the oligomers FBF, BFB, FFF and FF. The devices containing those compounds in their active layers presented considerable variations in their electric current values when submitted to a magnetic field of 150 mT magnitude. Finally, electronic noses for two different applications were developed: (a) the identification of wood species that can be easily mistaken and (b) the study of exercise physiology through analyses of sweat samples. The gas sensors were prepared by the deposition of doped organic conjugated materials thin films onto the surface of intedigitated electrodes. The study on the differentiation of several species of wood showed 100 % rate of hits determined by leave-one-out statistics analysis. The study on the exercise physiology was also promising since it allowed the identification of the three different stages of the physical exercise with a 93 % rate of hits, also determined by leave-one-out methods. Thus, both studies suggest that the electronic nose can be a powerful tool to study many different targets in which the release of volatile compounds is involved

The main objective of the diploma work was to analyze possibilities of export financing of chosen enterprise subject and to suggest optimal solution. Partial target was to draw up strategy of export support forms, export services and supportive programs for selected enterprise. Subject of this work is company FARMTEC, a. s., active in production of agricultural technology and its sale on Czech and foreign markets. Investment loan, overdraft financing and supplier credit are the prevailing sources of financing used by this company. As well cooperation with companies EGAP, ČEB and CzechTrade is maintained. Financing product TOP Export II offered by Česká spořitelna is found as the best solution for company FARMTEC, a. s. It comprises factoring financing. Further it is recommended to use a new against-crisis product currently offered by EGAP. It is proposed to present company in official address book of Czech export companies offered by CzechTrade.

The first part of the thesis deals with methods of export financing of capital goods, pre-export financing, supplier's credit, buyer's credit and export leasing. In the next part of the theisis is described financing exports of capital goods with state support. Here is characterized pro-export policy and the Consensus OECD, as well as the emphasis on two major institutions to promote exports in the Czech Republic - EGAP and CEB. The last part is devoted to project financing and financing through PPP.

The aim of this paper is to describe the ways in which export promoting institutions work and what are advantages and disadvantages for domestic and foreign economies. By describing patterns of current Czech export it shows the reasons why should any country develop their institutions of export promotion.

This diploma thesis is centred on the importance of State support for exports. It defines the international rules which must be respected by State export policies, and deals with the basic principles and activities of institutions which together form the integrated system of State support for exports in the Czech Republic. Within this overall context, the practical component of this diploma thesis examines the work of the Czech State Export Credit Agency (EGAP), and describes their newly created Export Promotion Effectiveness methodology (EPE) which aims to evaluate the economic risk-benefit of a each business case. It goes on to describe the phases and steps of the underwriting process which every business case must go through. The underwriting process is illustrated with the help of a process map, and defines points at which the EPE model can be used. An important part of this diploma thesis represents a case study which demonstrates the application of the EPE model to a real business case.