03289ntm a22005537i 4500 000729712 CZ-PrVSE 20260207225632.0 m d cr n|||||||||| 260207s2026 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Wohlrab, David ISIS:157756 dis Geopolitical Fragmentation and Capital Allocation eng Geopolitical Fragmentation and Capital Allocation / David Wohlrab 2026 ?? stran : digital, PDF soubor Vedoucí práce: Ondřej Šíma Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2026 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2026 This thesis examines the impact of geopolitical distance on international capital allocation. The objective is to verify whether and through which mechanisms political divergence between countries systematically influences investment decision-making. The theoretical part establishes the conceptual framework of international capital flows, including the Lucas Paradox and Home Bias, and introduces gravity models as an analytical tool. The empirical part employs a triangulated approach across three levels: the macro level synthesizes gravity models documenting a 15% decline in foreign direct investment and a 25% decline in portfolio investment with increased geopolitical distance; the meso level analyzes German outward investment with emphasis on anticipatory capital withdrawal from Russia; the micro level applies a Black-Litterman model with geopolitical adjustments to a simulated portfolio. The results suggest that geopolitical distance operates as a structural friction complementing traditional determinants of capital flows. The primary value of the geopolitical approach lies in risk identification rather than return prediction. Způsob přístupu: Internet finance [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Home Bias Gravity models Geopolitical distance Black-Litterman model International capital flows Friend-shoring Šíma, Ondřej ISIS:41743 ths Časta, Martin ISIS:119853 opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/89984/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/89984 Hlavní práce https://insis.vse.cz/zp/89984/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/89984/posudek/oponent/89423 Oponentura https://insis.vse.cz/zp/89984/priloha/33278 Přiloha k práci https://insis.vse.cz/zp/89984/priloha/33279 Přiloha k práci https://insis.vse.cz/zp/89984/podrobnosti dc:identifier NEPOSILAT VSKP vse89984 260204 89984