prof. Ing. Evžen Kočenda, M.A., Ph.D., DSc.

Education

Ph.D., Economics, University of Houston, Houston, Texas, USA, May 1996
M.A., Economics, University of Toledo, Toledo, Ohio, USA, August 1992
Ing., International Trade, Prague School of Economics, Czech Republic, July 1985

Job history

2015 – present Professor of Economics at Institute of Economic Studies, Charles University, Prague
2015 – present Senior Researcher, Department of Econometrics, Institute of Information Theory and Automation, Prague
2004 – 2015 Professor of Economics at CERGE, Charles University, Prague
2002 – 2003 Deputy Director for Graduate Studies at CERGE-EI
1999 – 2004 Associate Professor at CERGE, Charles University, Prague
1996 – 2015 Senior Researcher at Economics Institute, Academy of Sciences of the Czech Republic, Prague
1996 – 1999 Assistant Professor at CERGE, Charles University, Prague
1996 – 1998 Deputy Director for Research at CERGE of the Charles University
1996 – 1998 Deputy Director for Research, Economics Institute, Academy of Sciences of the Czech Republic
1992 – 1996 Graduate Teaching and Research Assistant, University of Houston, Houston, Texas, USA
1991 – 1992 Graduate Teaching and Research Assistant, University of Toledo, Toledo, Ohio, USA

Monographs

Chapters in monographs

• Hanousek J., & Kočenda E. (2017). FDI and ownership in Czech Firms: Pre- and post-crisis efficiency. Economics of European Crises and Emerging Markets (pp. 121-145).
• Baruník J., Kočenda E., & Vácha L. (2014). Wavelet-Based Correlation Analysis of the Key Traded Assets. Wavelet Applications in Economics and Finance (pp. 157-183).

Articles

• Kočenda E., & Moravcová M. (2018). Intraday effect of news on emerging European forex markets: An event study analysis. Economic Systems, 42(4), 597-615. UT-WOS link
• Kočenda E., & Moravcová M. (2019). Exchange rate comovements, hedging and volatility spillovers on new EU forex markets. Journal of International Financial Markets, Institutions and Money, 58(January), 42-64. UT-WOS link
• Kočenda E., & Varga B. (2018). The Impact of Monetary Strategies on Inflation Persistence. International Journal of Central Banking, 14(4), 229-274. UT-WOS link
• Kočenda E. (2018). Survey of Volatility and Spillovers on Financial Markets. Prague Economic Papers, 27(3), 293-305. UT-WOS link
• Kočenda E., & Iwasaki I. (2022). Bank survival around the world: A meta-analytic review. Journal of Economic Surveys, 36(1), 108-156. UT-WOS link
• Kočenda E., & Poghosyan K. (2018). Export Sophistication: A Dynamic Panel Data Approach. Emerging Markets Finance and Trade, 54(12), 2799-2814. UT-WOS link
• Kočenda E. (2018). European perspective on the links among public investments, banking and sovereign risk. Public Sector Economics, 42(2), 105-109.
• Kočenda E., & Moravcova M. (2024). Frequency volatility connectedness and portfolio hedging of U.S. energy commodities. Research in International Business and Finance, 69(April 2024), UT-WOS link
• Kočenda E., & Poghosyan K. (2020). Nowcasting Real GDP Growth: Comparison between Old and New EU Countries. Eastern European Economics, 58(3), 197-220. UT-WOS link
• Kočenda E., & Iwasaki I. (2020). Bank survival in Central and Eastern Europe. International Review of Economics and Finance, 69(September), 860-878. UT-WOS link
• Brož V., & Kočenda E. (2018). Dynamics and factors of inflation convergence in the European union. Journal of International Money and Finance, 86(September), 93-111. UT-WOS link
• Brůha J., & Kočenda E. (2018). Bankovní sektor a státní riziko v Evropské unii. Politická ekonomie, 66(3), 366-383. UT-WOS link
• Brůha J., & Kočenda E. (2018). Financial stability in Europe: Banking and sovereign risk. Journal of Financial Stability, 36(June), 305-321. UT-WOS link
• Baumöhl E., Kočenda E., Lyócsa Š., & Výrost T. (2018). Networks of volatility spillovers among stock markets. Physica A: Statistical Mechanics and its Applications, 490(January), 1555-1574. UT-WOS link
• Iwasaki I., & Kočenda E. (2017). Are some owners better than others in Czech privatized firms? Even meta-analysis can't make us perfectly sure. Economic Systems, 41(4), 537-568. UT-WOS link
• Togonidze S., & Kočenda E. (2022). Macroeconomic responses of emerging market economies to oil price shocks: An analysis by region and resource profile. Economic Systems, 46(3), nestránkováno. UT-WOS link
• Hanousek J., Kočenda E., & Novotný J. (2016). Shluková analýza skoků na kapitálových trzích. Politická ekonomie, 64(2), 127-144. UT-WOS link
• Baruník J., Kočenda E., & Vácha L. (2016). Gold, oil, and stocks: Dynamic correlations. International Review of Economics and Finance, 42(March 01), 186-201. UT-WOS link
• Baruník J., Kočenda E., & Vácha L. (2016). Asymmetric connectedness on the U.S. stock market: Bad and good volatility spillovers. Journal of Financial Markets, 27(January), 55-78. UT-WOS link
• Hanousek J., & Kočenda E. (2017). Dopady vlastnické struktury, firemních charakteristik a krize na efektivitu českých podniků. Politická ekonomie, 65(1), 3-25. UT-WOS link
• Baruník J., Kočenda E., & Vácha L. (2017). Asymmetric volatility connectedness on the forex market. Journal of International Money and Finance, 77(October), 39-56. UT-WOS link
• Bubák V., Kočenda E., & Žikeš F. (2011). Volatility transmission in emerging European foreign exchange markets. Journal of Banking and Finance, 35(1), 2829-2841. UT-WOS link
• Baruník J., & Kočenda E. (2019). Total, Asymmetric and Frequency Connectedness between Oil and Forex Markets. Energy Journal, 40(SI2), 157-174. UT-WOS link
• Albrecht P., & Kočenda E. (2024). Volatility connectedness on the central European forex markets. International Review of Financial Analysis, 93(May 2024), UT-WOS link
• Iwasaki I., & Kočenda E. (2024). Quest for the general effect size of finance on growth: a large meta-analysis of worldwide studies. Empirical Economics, 66(6), 2659-2722. UT-WOS link
• Janda K., Kočenda E., Kortusová A., & Zhang B. (2022). ESTIMATION OF GREEN BOND PREMIUMS ON THE CHINESE SECONDARY MARKET. Politická ekonomie, 70(6), 684-710. UT-WOS link
• de Batz L., & Kočenda E. (2024). Financial crime and punishment: A meta-analysis. Journal of Economic Surveys, 38(4), 1338-1398. UT-WOS link
• Aliyev S., & Kočenda E. (2023). ECB monetary policy and commodity prices. Review of International Economics, 31(1), 274-304. UT-WOS link
• Baumöhl E., & Kočenda E. (2022). How Firms Survive in European Emerging Markets: A Survey. Eastern European Economics, 60(5), 393-417. UT-WOS link
• Iwasaki I., & Kočenda E. (2020). Survival of service firms in European emerging economies. Applied Economics Letters, 27(4), 340-348. UT-WOS link
• Brož V., & Kočenda E. (2022). Mortgage-related bank penalties and systemic risk among U.S. banks. Journal of International Money and Finance, 122(April), 1-24. UT-WOS link
• Hanousek J., & Kočenda E. (2015). Determinanty evropského zahranicního obchodu: instituce, kultura, infrastruktura a geografie. Politická ekonomie, 63(5), 624-640. UT-WOS link
• Iwasaki I., Kočenda E., & Shida Y. (2021). Distressed acquisitions: Evidence from European emerging markets. Journal of Comparative Economics, 49(4), 962-990. UT-WOS link
• Hanousek J., Kočenda E., & Vozárová P. (2020). Impact of Multinational Enterprises on Competition, Productivity and Trade Spillovers across European Firms. Finance a úvěr, 70(2), 172-212. UT-WOS link
• Égert B., & Kočenda E. (2014). The impact of macro news and central bank communication on emerging European forex markets. Economic Systems, 38(1), 73-88. UT-WOS link
• Iwasaki I., Kočenda E., & Shida Y. (2022). Institutions, financial development, and small business survival: evidence from European emerging markets. Small Business Economics, 58(3), 1261-1283. UT-WOS link
• Hanousek J., Kočenda E., & Shamshur A. (2015). Corporate efficiency in Europe. Journal of Corporate Finance, 32(červen), 24-40. UT-WOS link
• Baruník J., Kočenda E., & Vácha L. (2015). Volatility Spillovers Across Petroleum Markets. Energy Journal, 36(3), 309-329. UT-WOS link
• Frensch R., Hanousek J., & Kočenda E. (2016). Trade in parts and components across Europe. Finance a úvěr, 66(3), 236-262. UT-WOS link
• Baumöhl E., Iwasaki i., & Kočenda E. (2020). Firm survival in new EU member states. Economic Systems, 44(1), 1-22. UT-WOS link
• Kapounek S., Kučerová Z., & Kočenda E. (2022). Selective Attention in Exchange Rate Forecasting. Journal of Behavioral Finance, 23(2), 210-229. UT-WOS link
• Baumöhl E., Iwasaki I., & Kočenda E. (2019). Institutions and determinants of firm survival in European emerging markets. Journal of Corporate Finance, 58(October), 431-453. UT-WOS link

Contributions in the conference proceedings

• Hanousek J., Kočenda E., & Vozárová P. (2017). Horizontal Crowding-Out versus Vertical Synergies under the MNE Presence. Proceedings of the 7th Economics & Finance Conference (pp. 71-116). UT-WOS link
• Baruník J., Kočenda E., & Vácha L. (2014). Asymmetric connectedness of markets: How does the good and bad volatility spills over the US industries?. INTERNATIONAL WORK-CONFERENCE ON TIME SERIES (ITISE 2014) (pp. 185-185). UT-WOS link

2019 Donatio Universitatis Carolinae
2009 The Czech Science Foundation's Presidential Award

JED209 - Applied Banking and Finance I
JED210 - Applied Banking and Finance II
JEM037 - Financial Markets

Bachelor theses

Please, see topics for M.A. theses below.

Master theses

Prospective students are encouraged to suggest their own topics – a final topic will be selected based on consultation. Applied topics linking economics and finance are very welcome. Theses in English are supervised and have to include an econometric analysis. Topics below serve as suggestions but do not limit the area of supervision – please, see my homepage (research section) for more ideas on potential topics and area of supervision.

Topics related to transfer of information on financial markets (news, announcements, verbal interventions etc.)
Topics related to inflation (persistence, convergence, targeting, etc.)
Topics related to exchange rates (regimes/arrangements, interventions, current account, fluctuations, risk, Eurozone, etc.)
Topic related to volatility on financial markets (transmission, asymmetries, contagion, spillovers, jumps, etc.)
Topics related to corporate finance (firm performance, efficiency, links to ownership structures, links to privatization, links to market and firms’ characteristics, etc.)

2016–18 Czech Science Foundation (GACR 16-09190S), “Financial sectors, systemic risk and economic fluctuations”, Principal Investigator

• Deep dive into decentralized finance: Market microstructure, and behavioral and psychological patterns. Grant Agency of the Czech Republic, Grant no. 23-06606S (2023-2025), partner
• Corporate social behavior and responses to CSR policies, institutions, and economic distress. Grant Agency of the Czech Republic, Grant no. 23-07983S (2023-2025), partner
• Frontiers in Energy Efficiency Economics and Modelling - FE3M. Grant Agency of the Czech Republic, EXPRO Grant no. 19-26812X (2019-2023), member of a working group
• Financial Networks: Network-based Examination of Market Linkages. Grant Agency of the Czech Republic, Grant no. 20-11769S (2020-2022), co-investigator
• Financial Markets Uncertainty: Measurement, Effects and Policy Implications. Grant Agency of the Czech Republic, Grant no. 20-17044S (2020-2022), partner
• Efficiency, Financial Distress, and Risk Behavior of European Firms. Slovak Research and Development Agency, Grant no. APVV-18-0310 (2019-2022), partner
• Central Bank Governance: Transparency and Communication after the Crisis. Grant Agency of the Czech Republic, Grant no. 19-15650S (2019-2021), partner
• Interactions between the financial sector and the real economy. Grant Agency of the Czech Republic, Grant no. 19-22488S (2019-2021), partner
• Financial sectors, systemic risk and economic fluctuations. Grant Agency of the Czech Republic, Grant no. 16-09190S (2016-2018), principal investigator
• Firm production, efficiency, and corporate finance: An international perspective. Grant Agency of the Czech Republic, Grant no. 15-15927S (2015-2017), partner
• Dynamic correlations and financial market risk. Grant Agency of the Czech Republic, Grant no. 14-24129S (2014-2016), principal investigator
• Financial impacts of the East-West trade and FDI: A gravity based approach. Grant Agency of the Czech Republic, Grant no. 403/12/0080 (2012-2014), principal investigator
• Dynamic Models in Economics – DYME. Grant Agency of the Czech Republic, Grant no. P402/12/G097 (2012-2018), member of a working group
• Dynamics of information flows and volatility transmission in financial markets. Grant Agency of the Czech Republic, Grant no. 403/11/0020 (2011-2013), partner
• Corporate performance, behaviour and ownership structures in the Czech firms: Theoretical modelling and empirical assessment. Grant Agency of the Czech Republic, Grant no. 402/09/1595 (2009-2011), principal investigator
• Information, Spillovers, and Impact on Capital Markets: Theory and Empirics of the Intra-Day Data Approach. Grant Agency of the Czech Republic, Grant no. 402/08/1376 (2008-2010), partner
• Understanding Privatisation Policy: Political Economy and Welfare Effects. Specific Targeted Research Project, EC 6th Framework Grant (2006-2008), partner
• Theoretical foundations and empirical evaluation of the Performance and Efficiency of the Czech corporations: From transition to the EU integration. Grant Agency of the Czech Republic, Grant no. 402/06/1293 (2006-2008), principal investigator. Project was awarded the Czech Science Foundation's Presidential Award (April 2009)
• Credit Scoring Methodologies. Grant Agency of the Czech Republic, Grant no. 402/05/0931 (2005-2006), partner
• Modeling Stock Market Returns and Volatility: The Case of Selected Industrialized and New EU Member States. Global Development Network Grant no. RRC V-8 (2005), principal investigator
• Czech Republic Entering the EU: Achievements and Remaining Challenges for the Economy. Country Study. Global Development Network (2003-2004), partner
• Owner vs. seller effects on performance after mass privatization: Comparative empirical study of Slovenia, Czech Republic and Poland. Global Development Network Grant No. GRCII+15 (2002-2003), partner
• Secondary privatization: The Evolution of Ownership Structures of Privatized Companies. Phare ACE Grant no. P97-8201-R (1999-2001), partner
• The Determinants of Growth in Central and East Europe. Phare ACE Grant no. P96-6095-R (1997-1999), partner
• Privatization and Management of Residual State Property: The Implementation for Corporate Governance of Enterprises, Study of the Czech Republic, Hungary, Poland and Slovenia. Phare ACE Grant no. P96-6040-R (1997-1999), partner
• Convergence During Transition. Soros Foundation Individual Projects, grant no. 319/97 (1997-1998), principal investigator
• Modelling Distress in the Commercial Banking Sector. Grant Agency of Charles University, grant no. 236/97/A-EK (1997-1998), principal investigator
• Estimation of Models of Labor Demand and Measurement Error. Soros Foundation Individual Projects, grant no. 901/96 (1996-1998), co-investigator

Applied Economics and Econometrics, International Money and Finance, Transition and European Integration, Corporate Performance and Governance, Nonlinear Procedures