Exponential sums with automatic sequences

We show that automatic sequences are asymptotically orthogonal to periodic exponentials of type $e_q(f(n))$, where $f$ is a rational fraction, in the P\'olya-Vinogradov range. This applies to Kloosterman sums, and may be used to study solubility of congruence equations over automatic sequences. We obtain this as consequence of a general result, stating that sums over automatic sequences can be bounded effectively in terms of two-point correlation sums over intervals.Comment: 14 page

Cost of capital in an international context: Institutional distance, quality, and dynamics

Cost of debt is a key cognitive anchor for managerial decisions and an important determinant of firm profitability. We extend international management research by analyzing the effects of institutional distance, institutional quality, and their dynamics on the cost of debt in the context of foreign direct investments (FDI). We test our conceptual model on a sample of companies making 3,764 greenfield foreign direct investments from developed into less developed markets. Using hierarchical linear modelling, we show that the financial consequences of internationalizing into countries with weak institutions depend on both the institutional distance between countries, as well as their institutional quality. Furthermore, we find that recent changes in institutional quality form expectations about future development and ultimately influence post investment financing costs

Trojan Horses or Local Allies: Host-country National Managers in Developing Market Subsidiaries

We investigate a multinational corporation's (MNC) decision to appoint host-country national (HCN) managers to foreign subsidiaries based on the institutional context of and familiarity with the host country. HCN managers are commonly associated with specialized knowledge, superior responsiveness, and higher legitimacy. Yet, we argue that local familiarity of HCNs can also be perceived as risky or harmful by MNC parents. We analyze how formal and informal institutions affect the trade-off between positive effects and potential costs associated with HCN managers ("Local allies" vs. "Trojan horses"). We find that legal institutions protect foreign MNCs from potential costs, encourage the use of HCNs and reinforce their benefits. Corruption and corruption distance, however, increase perceived costs associated with HCN managers up to a point at which they outweigh their perceived benefits

Detached house, Prace

Předmětem této bakalářské práce je novostavba jednopodlažního částečně podsklepeného rodinného domu v Praci, který je přilehlý k sousednímu domu. Jedná se o stavbu s obytným podkroví. Dům je navržen pro bydlení petičlenné rodiny. Jedná se o rodinný dům obdelníkového půdorysu, se sedlovou střechou. Orientace pobytových místností je na východní a západní stranu. Orientace stavby je ovlivněna přilehlými stavbami. Svislé nosné konstrukce jsou tvořeny keramickými tvárnicemi. Stropní konstrukce je ze keramického stropního systému. Projekt byl zpracován pomocí počítačového programu AutoCAD.The subject of this thesis is newly built single-storey brick house from partially in Prace, which is adjacent to a neighboring house. It is a building with a residential attic. The house is designed for housing a family of five . This is a family house rectangular plan with a gabled roof . Orientation residential rooms on the east and west side. Orientation of the building is affected by adjacent buildings . Vertical constructions are made of ceramic bricks and concrete blocks. Ceiling construction is of ceramic ceiling system . The project was prepared by a computer program AutoCAD .