Work detail

Analysis of Investment Recommendations

Author: Mgr. Vladimír Pilný
Year: 2009 - summer
Leaders: † prof. Ing. Michal Mejstřík CSc.
Consultants:
Work type: Finance, Financial Markets and Banking
Masters
Language: English
Pages: 70
Awards and prizes:
Link:
Abstract: This thesis aimed to explore all the effects of investment recommendations, starting with the motivation of their publishers, up to the influence on the capital markets.
The empirical part analyses the impact on the Czech stock market.
The major chapter then represents the construction, implementation and simulation of the numerical model of a simple financial market.
Using stochastic processes and the application of the game theory, we found market equilibria, which can explain many of the studied effects.

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