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Vliv externích událostí na hodnotu tržní kapitalizace společnosti / The Impact of External Events on the Market Capitalization of Companies

This diploma thesis analyses the relationship between external events (i.e. events with impact within the Czech Republic which cannot be influenced by local firms) and the value of market capitalization of companies on Prague Stock Exchange. The analysis of the 1994 to 2012 time series showed that even the most important political, economical and other events specific for the Czech Republic only have marginal impacts on values of companies on the Czech stock market. The impacts of corporate events proved to have much stronger such effects. The most advisable investment recommendation thus seems to be to ignore external events when deciding in which stocks to invest.

Identiferoai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:114318
Date January 2012
CreatorsZelenka, Jaroslav
ContributorsKrabec, Tomáš, Veselá, Jitka
PublisherVysoká škola ekonomická v Praze
Source SetsCzech ETDs
LanguageCzech
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/masterThesis
Rightsinfo:eu-repo/semantics/restrictedAccess

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