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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

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

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

PROCEEDINGS OF THE 4th INTERNATIONAL CONFERENCE ON FINANCE AND ECONOMICS

ISBN

978-80-87990-11-7

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

15

Strana od-do

225-239

Název nakladatele

Melandrium

Místo vydání

Slaný

Místo konání akce

Ho Chi Minh City

Datum konání akce

21. 9. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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