Methods for Risk Measurement of Start-up Firms in the Conditions of Emerging Capital Markets

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F18%3A43913958" target="_blank" >RIV/62156489:43310/18:43913958 - isvavai.cz</a>
Result on the web
<a href="https://www.czso.cz/documents/10180/61266313/32019718q3262.pdf/e6ac8130-a37f-4f6c-a8d7-dbefe33f4f6e?version=1.0" target="_blank" >https://www.czso.cz/documents/10180/61266313/32019718q3262.pdf/e6ac8130-a37f-4f6c-a8d7-dbefe33f4f6e?version=1.0</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Methods for Risk Measurement of Start-up Firms in the Conditions of Emerging Capital Markets
Original language description
The aim of this paper is to offer the know-how for quantifying risk, which may reflect the restrictions faced by investors in the conditions of emerging capital markets when they start up a new company. The theoretically suitable risk measurement techniques are subject to empirical testing with finding that methods on financial basis outperform those on the market basis and that the level of risk of the respective companies is particularly dependent on the combined level of operating and financial leverage. This result allowed for the construction of a new risk-quantifying technique for investors with low capital diversification, zero entrepreneurial history and access to capital market data with low information content.
Czech name
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Czech description
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Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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