Financial health and the cost of capital of travel agencies before and after the crisis

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Financial health and the cost of capital of travel agencies before and after the crisis

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Financial health and the cost of capital of travel agencies before and after the crisis

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2012

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Scientific Papers of the University of Pardubice - Series D, Faculty of Economics and Administration

ISSN

1211-555X

e-ISSN

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Svazek periodika

2/2012

Číslo periodika v rámci svazku

neuvedeno

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

14

Strana od-do

77-90

Kód UT WoS článku

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EID výsledku v databázi Scopus

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