Value Based Management in the Practice of Czech Companies

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F03%3APU43460" target="_blank" >RIV/00216305:26510/03:PU43460 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Value Based Management in the Practice of Czech Companies
Original language description
Lack of long-term financial sources for restructuring of economy is one of the serious problems of transforming economies. If own internal sources of financing are not sufficient for the financing, banks and capital market operate as the basic providersof long-term sources. Following paper discusses the question of evaluation and measurement of performances of the companies which apply for financial sources at investors so as to finance investment needs, especially technical advancement. As the criteriion for evaluation of the performance of companies was used shareholder value. Using of this criterion, however, in the conditions of the Czech economy clashes with many problems related to valuation of the rate of profit of investments. The most seriousproblem is the specification of category of costs of equity. Due to small number of companies, the shares of which are traded in the stock exchange and low effectiveness of capital market, it is not possible to use the standard method of
Czech name
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Czech description
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Publication year
2003
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceeding of international academic workshop: Research in Business: new trends for a new Europe
ISBN
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ISSN
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e-ISSN
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Number of pages
14
Pages from-to
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Publisher name
NEUVEDEN
Place of publication
NEUVEDEN
Event location
Sevilla, Španělsko
Event date
Oct 2, 2003
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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