Value Based Management in the Practice of Czech Companies

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Value Based Management in the Practice of Czech Companies

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Value Based Management in the Practice of Czech Companies

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

Z - Vyzkumny zamer (s odkazem do CEZ)

Rok uplatnění

2003

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

14

Strana od-do

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Název nakladatele

NEUVEDEN

Místo vydání

NEUVEDEN

Místo konání akce

Sevilla, Španělsko

Datum konání akce

2. 10. 2003

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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