PL EN


2015 | 63 | 3 | 259 – 277
Article title

KAPITÁLOVÁ STRUKTURA – PROBLÉM VÝNOSOVÉHO OCENĚNÍ PODNIKU

Content
Title variants
EN
Capital structure – the problem of income business valuation
Languages of publication
CS
Abstracts
EN
The article shows the need to assess a capital structure in a discount rate within income business valuation consistently with the financial plan and the final business value. It analyses mistakes resulting from simplified estimates of a capital structure. The article also points out importance of a choice of the appropriate reagent function for equity cost calculation according to a firm’s leverage and it presents proposals for modification of the leveraged beta function and for analytical calculation of equity cost that provide the same firm’s value as the direct recalculation of equity cost by the iterative method.
Contributors
  • Vysoká škola ekonomická v Praze, Katedra financí a oceňování podniku a Institut oceňování majetku, nám. W. Churchilla 1938/4, 130 67 Praha 3, Czech Republic, marik@vse.cz
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.cejsh-a92d7982-f69c-4561-92b9-f46053426511
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