Financial health and the cost of capital of travel agencies before and after the crisis
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F12%3A39894863" target="_blank" >RIV/00216275:25410/12:39894863 - isvavai.cz</a>
Result on the web
<a href="http://www.upce.cz/fes/veda-vyzkum/fakultni-casopisy/scipap/archiv/e-verze-sborniku/2012.html" target="_blank" >http://www.upce.cz/fes/veda-vyzkum/fakultni-casopisy/scipap/archiv/e-verze-sborniku/2012.html</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Financial health and the cost of capital of travel agencies before and after the crisis
Original language description
This article shows the weighted average capital cost being dynamically modeled. The model includes entry independent variables that can be freely modeled (inflation, financial stability, Central Bank rate, expected profitability of banks, tax rate, risk-free interest rate, beta coefficient) as well as dependent ones (cost of foreign capital, cost of equity, corporate and sectorial risk). The model was created within the program VENSIM. The contribution of this model lies in its dynamics. Examples were used to simulate a regular increase/decrease in equity, which reflected an increase/decrease in WACC. Thus, these examples demonstrate the fact that the cost of equity is more expensive than the cost of foreign capital.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Scientific Papers of the University of Pardubice - Series D, Faculty of Economics and Administration
ISSN
1211-555X
e-ISSN
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Volume of the periodical
2/2012
Issue of the periodical within the volume
neuvedeno
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
14
Pages from-to
77-90
UT code for WoS article
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EID of the result in the Scopus database
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