Modelling the fundamental value of the compny: The case study of Kosovo Electricity Distrubtion and Supply Company (KEDS)

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F17%3A63517284" target="_blank" >RIV/70883521:28120/17:63517284 - 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
Modelling the fundamental value of the compny: The case study of Kosovo Electricity Distrubtion and Supply Company (KEDS)
Original language description
Privatization of Kosovo Electricity Distribution and Supply Company (KEDS) was followed by scandalous arguments among economists. Electricity is a vital input for daily activities of the economic agents. Prices imposed on the electricity influence living standard of low income people, company performance and overall economic engines of the country. Our work aims to capture the intrinsic value of KEDS (Kosovo Electricity Distribution and Supply Company), if the company was properly valued in the privatization process. DCF method has been employed to detain intrinsic value, while Monte Carlo simulation has been used in predicting future outcomes of the company performance. WACC has been adjusted standing of the company and country risk. Kosovo does not have a stock market which would have been a benchmark for capturing the volatility risk levied on the company. Standing under these limitations, we have used standard methods of obtaining beta coefficient as a risk measure for the company. The results of our study show that Electricity Distribution and Supply Company (KEDS) has been undervalued at the moment of privatization.
Czech name
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Czech description
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Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
PROCEEDINGS OF THE 4th INTERNATIONAL CONFERENCE ON FINANCE AND ECONOMICS
ISBN
978-80-87990-11-7
ISSN
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e-ISSN
neuvedeno
Number of pages
15
Pages from-to
225-239
Publisher name
Melandrium
Place of publication
Slaný
Event location
Ho Chi Minh City
Event date
Sep 21, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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