Evžen Kočenda - Research

Research areas
Selected Work in Progress
  • Hanousek, J., Kočenda, E., 2010. Public Investments and Fiscal Performance in New EU Member States.
  • Bubák, V., Kočenda, E., Žikeš, F., 2010. Volatility Transmission in Central European Foreign Exchange Markets.
  • Hanousek, J., Kočenda, E., Maurel, M., 2010. Direct and indirect effects of FDI in emerging European markets: Survey and Meta-analysis.
    (download pdf)
  • Hanousek, J., Kočenda, E., Masika, M., 2009. Privatization, Ownership Structure and Productivity in Transition Economies.
  • Uzagalieva, A., Kočenda, E., Menezes, A., 2009. Technological Imitation and Innovation in New European Union Markets.
  • Hanousek, J., Kočenda, E., 2009. Divide and Privatize: Firms Break-up and Performance.
  • Kočenda, E., Hanousek, J., 2009. State Ownership and Control in the Czech Republic. CESifo Working Paper No. 2801.
    (download pdf)
  • Kočenda, E., Vojtek, M., 2009. Default Predictors and Credit Scoring Models for Retail Banking. CESifo Working Paper No. 2862.
    (download pdf)
  • Hanousek, J., Kočenda, E., Svítková, K., 2009. Corporate Philanthropy in the Czech and Slovak Republics. CERGE-EI Discussion Paper No. 206.
    (download pdf)
  • Hanousek, J., Kočenda, E., 2009. Intraday Price Discovery in Emerging European Stock Markets. CERGE-EI Working Paper No. 382.
    (download revised version)
Journal articles (published and forthcoming)                                Articles in Czech / články v češtině
  • Hanousek, J., Kočenda, E., 2010. Learning by Investing: Evidence from a Naturally-Occurring Auction. Forthcoming in Economics of Transition.
    (download pdf)
  • Egert, B., Kočenda, E., 2010. Time-Varying Synchronization of the European Stock Markets. Forthcoming in Empirical Economics.
    (download revised version)
  • Estrin, S., Hanousek, J., Kočenda, E., Svejnar, J., 2009. Effects of Privatization and Ownership in Transition Economies. Journal of Economic Literature, 47(3), 699-728. ISSN: 0022-0515. (download pdf)
    Earlier version with extensive details: IPC Working Paper No. 30. International Policy Center, Gerald R. Ford School of Public Policy, University of Michigan. (link to WP)
  • Kočenda, E., Poghosyan, T., 2009. Macroeconomic Sources of Foreign Exchange Risk in New EU Members. Journal of Banking and Finance, 33(11), 2164-2173. ISSN: 0378-4266.
    (download pdf)
  • Hanousek, J., Kočenda, E, Kutan, A.M., 2009. The Reaction of Asset Prices to Macroeconomic Announcements in New EU Markets: Evidence from Intraday Data. Journal of Financial Stability, 5(2), 199-219. ISSN: 1572-3089.
    (download pdf)
  • Hanousek, J., Kočenda, E., Svejnar, J., 2009. Divestitures, Privatization and Corporate Performance in Emerging Markets. Economics of Transition, 17(1), 43-73. ISSN 0967-0750.
    (download pdf)
  • Kočenda, E, Kutan, A.M., Yigit, T.M., 2008. Fiscal Convergence in the European Union. North-American Journal of Economics and Finance, 19(3), 319-330. ISSN: 1062-9408.
    (download pdf)
  • Kočenda, E., Hanousek, J., Engelmann, D., 2008. Currencies, Competition, and Clans. Journal of Policy Modeling, 30(6), 1115-1132. ISSN: 0161-8938.
    (download pdf)
  • Hanousek, J., Kočenda, E., Zemčík, P., 2008. Bond Market Emergence: Case of Serbia. Journal of Emerging Market Finance, 7(2), 141–68. ISSN: 0972-6527.
    (download pdf)
  • Kočenda, E., 2008. Company Ownership and Performance During the Czech Transformation. Seoul Journal of Economics, 21(2), 285-310. ISSN 1225-0279.
  • Hanousek, J., Kočenda, E., 2008. Potential of the State to Control Privatized Firms. Economic Change and Restructuring, 41(2), 167-186. ISSN: 1573-9414.
    (download pdf)
  • Poghosyan, T., Kočenda, E., Zemčík, P., 2008. Modeling Foreign Exchange Risk Premium in Armenia. Emerging Markets Finance and Trade, 44(1), 41-61. ISSN: 1540-496X.
    (link to the paper)
  • Hanousek, J., Kočenda, E., Ondko, P., 2007. The Banking Sector in New EU Member Countries: A Sectoral Financial Flows Analysis. Czech Journal of Economics and Finance, 57(5-6), 200-224. ISSN 0015-1920.
    (download pdf)
  • Egert, B., Kočenda, E., 2007. Interdependence between Eastern and Western European Stock Markets: Evidence from Intraday Data. Economic Systems, 31(2), 184-203. ISSN 0939-3625.
    (revised version) (earlier version)
  • Hanousek, J., Kočenda, E., Svejnar, J., 2007. Origin and Concentration: Corporate Ownership, Control and Performance in Firms after Privatization. Economics of Transition, 15(1), 1-31. ISSN 0967-0750. Lead article
    (revised version)
  • Egert, B., Jiménez-Rodríguez, R., Kočenda, E., Morales-Zumaquero, A., 2006. Structural Changes in Central and Eastern European Economies: Breaking News or Breaking the Ice? Economic Change and Restructuring, 39(1-2), 85-103. ISSN: 1573-9414.
    (link to WP version) (link to pdf)
  • Kočenda, E., Valachy, J., 2006. Exchange rate volatility and regime change: Visegrad comparison. Journal of Comparative Economics, 34(4), 727-753. ISSN 0147-5967.
    (link to pdf)
  • Kočenda, E, Kutan, A.M., Yigit, T.M., 2006. Pilgrims to the Eurozone: How Far, How Fast? Economic Systems, 30(4), 311-327. ISSN 0939-3625.
    (link to paper)
  • Vojtek, M., Kočenda, E., 2006. Credit Scoring Methods. Czech Journal of Economics and Finance, 56(3-4), 152-167. ISSN 0015-1920.
    (download pdf)
  • Kočenda, E., Briatka, L., 2005. Optimal Range for the iid Test Based on Integration across the Correlation Integral. Econometric Reviews, 24(3), 265-296. ISSN 0747-4938.
    (link to abstract), (download pdf)
  • Kočenda, E., 2005. Beware of Breaks in Exchange Rates: Evidence from European Transition Countries. Economic Systems, 29(3), 307-324. ISSN 0939-3625.
    (download pdf)
  • Hanousek, J., Kočenda, E., 2003. The Impact of Czech Mass Privatization on Corporate Governance. Journal of Economic Studies, 30(3/4), 278-293. ISSN 0144-3585.
    (link to abstract)
  • Kočenda, E., 2003. Performance of Czech Voucher-privatized Firms. Prague Economic Papers, 12(2), 122-131. ISSN 1210-0455.
  • Kočenda, E., Valachy, J., 2002. Firm Ownership Structures: Dynamic Development. Prague Economic Papers, 11(3), 255-268. ISSN 1210-0455.
    (link to abstract)
  • Kočenda, E., 2001. An Alternative to the BDS Test: Integration Across the Correlation Integral. Econometric Reviews, 20(3), 337-351. ISSN 0747-4938
    (download pdf), (download software)
  • Lízal, L., Kočenda, E., 2001. State of Corruption in Transition: The Case of the Czech Republic. Emerging Markets Review, 2(2), 138-160. ISSN 1566-0141
    (link to pdf), (download pdf)
  • Kočenda, E., 2001. Macroeconomic Convergence in Transition Countries. Journal of Comparative Economics, 29(1), 1-23. ISSN 0147-5967 Lead article
    (link to pdf)
  • Kočenda, E., 1999. Residual State Property in the Czech republic. Eastern European Economics, 37(5), 6-35. ISSN 0012-8755
  • Kočenda, E., Hanousek J., 1999. Central and Eastern Europe and its Uncertain Road to EMU. Brown Journal of World Affairs, 6(2), 173-185. ISSN 1080-0786
    (download pdf)
  • Kočenda, E., Čábelka, Š., 1999. Liberalization in the Energy Sector: Transition and Growth. Osteuropa Wirtschaft, 44(1), 104-116. ISSN 0030-6460
    (download pdf)
  • Kočenda, E., Hanousek J., 1998. Integration of Emerging Equity Markets: Major Asian Players. Korean Economic Review, 14(1), 99-114. ISSN 0254-3737
  • Kočenda, E., 1998. Before and After the Czech Financial Crisis of 1997: Exchange Rates and Interest Rates. Europa - Economic Policy Initiative, 6, 5-6. ISSN 1363-3244
  • Kočenda, E., 1998. Altered Band and Exchange Volatility. Economics of Transition, 6(1), 173-181. ISSN 0967-0750
    (download pdf)
  • Kočenda, E., 1997. Conditional Variance and Fluctuation Band. Prague Economic Papers, 6(4), 347-354. ISSN 1210-0455
  • Kočenda, E., Papell, D. H., 1997. Inflation Convergence Within the European Union: A Panel Data Analysis. International Journal of Finance and Economics, 2(3), 189-198. ISSN 1076-9307
    (download pdf)
  • Kočenda, E., 1996. Volatility of a Seemingly Fixed Exchange Rate. Eastern European Economics, 34(6), 37-67. ISSN 0012-8755
    (download pdf)
Books and monographs
  • Kočenda, E. and Černý, A., 2007. Elements of Time Series Econometrics: An Applied Approach. Karolinum - Charles University Press, Prague. ISBN 978-80-246-1315-4. (link to book)
  • Hanousek, J., Kočenda, E. and Lízal, L., 2004. Tale of the Czech Transition: Understanding the Challenges Ahead. MatfyzPress, Praha. ISBN 80-7343-023-1, ISBN 80-7344-012-1.
    (link to pdf)
  • Kočenda, E. a Lízal, L., 2003. Český podnik v české transformaci: 1990-2000 (The Czech Firm in Czech Transition: 1990-2000). Academia, Praha. ISBN 80-200-1039-4.
  • Kočenda, E., 1998. Exchange Rate in Transition. Praha: CERGE UK. ISBN 80-86286-08-8
    (link to pdf)
Chapters in books
  • Hanousek, J., Kočenda, E., Svejnar, J., 2008. Privatization in Central and Eastern Europe and the CIS. In G. Roland (Ed.), Privatization: Success and Failures. Chapter 3, pp. 76-108. New York, Columbia University Press.
  • Hanousek, J., Kočenda, E. and Lízal, L., 2006. The Czech Republic: Understanding the Transition Reform. In Fanelli, J.M. and McMahon, G. (eds.), Understanding Market Reforms, Volume 2: Motivation, Implementation and Sustainability. Palgrave Macmillan, London. ISBN 1403949417.
    (link to book)
  • Blaszczyk, B., Hoshi, I., Kočenda, E. and Woodward, R., 2006. Ownership and Performance in Transition Economies: An Overview. In Blaszczyk, B., Hoshi, I., and Woodward, R. (eds.), 2003. Secondary Privatization in Transition Economies The Evolution of Enterprise Ownership in the Czech Republic, Poland and Slovenia. Palgrave Macmillan, London, 1-22. ISBN 1403915377.
  • Kočenda, E. and Valachy, J., 2003. The Czech Republic: Ownership and Performance of Voucher-Privatized Firms. In Blaszczyk, B., Hoshi, I., and Woodward, R. (eds.): Secondary Privatization in Transition Economies The Evolution of Enterprise Ownership in the Czech Republic, Poland and Slovenia. Palgrave Macmillan, London, 171-214. ISBN 1403915377.
  • Kočenda, E., co-author, 2002. Czech Republic 2002: Invited to EU, (Jurajda, Š. and Lízal, L, eds.). Praha: CERGE UK. ISBN 80-86286-88-6, 80-86286-82-X.
    (link to pdf)
  • Kočenda, E., 2002. Exchange Rate Movements in European Transition Economies, 27-48. In: Columbus, F. (ed.), European Economic and Political Issues V. Nova Science Publishers, New York. ISBN 1-59033-322-5.
  • Kočenda, E., co-author, 2001. Czech Republic 2001: Mixed Blessings, (Hanousek, J and Lízal, L, eds.). Praha: CERGE UK. ISBN 80-86286-69-X, 80-86286-64-1.
  • Kočenda, E., co-author, 2000. Macroeconomy, III: 28-43. In: Hanousek, J. and Munich, D. (eds.), Czech Republic 2000: Quo Vadis?. Praha: CERGE UK. ISBN 80-86286-48-7, 80-86288-43-9.
  • Kočenda, E., Čábelka, Š., 1999. Macroeconomy, III: 29-45, Microeconomy, IV: 46-59. In: Hanousek, J. and Munich, D. (eds.), Czech Republic 1999: Back to the Drawing Board. Praha: CERGE UK. ISBN 80-86286-29-0
  • Kotrba J., Kočenda, E., and Hanousek, J., 1999. The Governance of Privatization Funds in the Czech Republic, 7-43. In: Simoneti, M., Estrin, S., and Boehm, A. (eds.), The Governance of Privatization Funds: Experiences of the Czech Republic, Poland and Slovenia. Edward Elgar, London. ISBN 184-064-013-8
  • Kočenda, E., Čábelka, Š., 1998. Macroeconomy, III: 27-38. In: Turnovec, F. (ed.), Czech Republic 1998: Facing Reality. Praha: CERGE UK. ISBN 80-86286-13-4
  • Hanousek, J., Kočenda, E., 1998. Effects of the Czech Voucher Scheme on the Corporate Governance, 117-134. In: Tchipev P. D., Backhaus J. G., and Stephen F. H. (eds.), Mass Privatisation Schemes in Central and East European Countries. Implications on Corporate Governance. Gorex Press, Sofia. ISBN 954-616-034-2
  • Kočenda, E., 1998. Macroeconomy, III: 20-27, Microeconomy, IV: 30-39. In: Turnovec, F. (ed.), Czech Republic 1997: The Year of Crisises. Praha: CERGE UK. ISBN 80-902325-1-5
  • Kočenda, E., 1997. Macroeconomy, III: 20-27. In: Turnovec, F. (ed.), Czech Republic 1996: Basic socio-economic indicators. Praha: CERGE UK. ISBN 80-902325-0-7
Grants
  • 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
  • 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. GDN 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. GDN 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
  • Konstrukce modelu predikace bank (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