This paper strives to address the issue of distribution costs budgeting, encountered by commercial banks whose business plans presume the sale of saving accounts using third-party distribution networks. A rather intricate problem arises, jointly requiring the design of a commercially viable...

This paper provides a review of pre-World War II financial derivatives trading in Prague. Its structure, development and various contexts are being addressed, based on a comprehensive research of contemporary resources. Empirical data, which have not been used so far for similar purpose, allow a...

Recent findings have shown that the Prague Exchange featured a very active and developed stock options market right until its pre-war closure in September 1938. This paper follows up on extensive research into fragmentary archival resources, aggregating a unique collection of options quotations...

This paper investigates the process of evaluating and negotiating commercial contracts using value-based models. First, contractual assets are defined and related to a comprehensive firm-theoretical background. Several simple valuation models for contracts are then derived and applied, using an...

This paper provides theoretical and practical insight into the solution of the investment project optimization problem under uncertainty. A case study recommends the use of statistical simulation, which is shown to be a powerful, practical, flexible and comprehensive tool for managerial...