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

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název periodika

Statistika

ISSN

0322-788X

e-ISSN

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Svazek periodika

98

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

21

Strana od-do

262-282

Kód UT WoS článku

000445278600004

EID výsledku v databázi Scopus

2-s2.0-85057993707