Over the past few years, the Value at Risk indicator (VaR) has evolved, without doubt, into the most frequently used comprehensive tool for assessment of potential losses caused by adverse changes in market rates. However, the common models used for VaR assessment are based only on mid prices...

Práca sa zaoberá analýzou ekonomického rozvoja Čínskej ľudovej republiky od zavedenia hospodárskych reforiem ako aj súčasnými výzvami čínskeho modelu. Prvá kapitola popisuje rast HDP v ČĽR od zavedenia reforiem a obdobia vlády jednotlivých čínskych vodcov. Druhá kapitola...

The article outlines the historical roots of bonds and bond-market institutions in the Czech Republic. The survey begins in early 20th century, during the Habsburg monarchy, carries through the First Republic of Czechoslovakia and the preceding post-Second World War socialist era, and culminates...

This paper wants to give a basic overview of arguments for and against of using the financial derivatives tools in the field of foreign exchange risk management. The case study shows, how the separate hedging instruments have impact on P & L statement. This paper discusses different relationship...

The paper examines the potential of stochastic simulation methods and Earnings at Risk method in risk analysis of farming business. The results revealed a different nature of yield and price risks in agriculture. The natural yields are low spatially correlated and the rate of yield risk depends...

Czech Abstract: Cílem příspěvku je odhad doby přežití českých společností z odvětví dopravy. Doba přežití vybraných společností je stanovena na základě modelování časového intervalu mezi založením firmy a jejím bankrotem, a to s použitím vybraných...

The paper considers company performance measures and the development of the Economic Value Added (EVA) indicator in volatile economies, particularly in the case of the Czech Republic. Methods used for pyramidal analysis, their assumptions, and their application possibilities are discussed. A...

Income valuation is a fundamental valuation approach. One question still open is the discount rate calculation. One factor impacting the discount rate is a capital structure. Nevertheless, the structure has to be in market values. It means that the knowledge of the result is a precondition for...

At present time, when the rate of risk is increasing, achieving higher quality of investment decision-making by integrating risk and uncertainty factors could positively affect economical results and firm's prosperity. Firstly this article characterizes shortcomings of investment decision making...