Detail publikace

Simulation of the Influence of Different Ways of Setting the Restraint on Value of Construction Company

KORYTÁROVÁ, J. PUCHÝŘ, B. BOŽIKOVÁ, K. ŠPIROCH, M.

Originální název

Simulation of the Influence of Different Ways of Setting the Restraint on Value of Construction Company

Typ

článek ve sborníku ve WoS nebo Scopus

Jazyk

angličtina

Originální abstrakt

The main goal of the article is to describe the impact of the various retention adjustments to the construction orders/commissions, thus influencing the value of the construction company. The retention is one of the contract-based safety devices, used in the construction industry. Different ways of adjustments that affect the financing of the construction commission/contract and also the financial flows within the construction company are used. Financing within a construction company is reflected in its effectiveness and its value. In times of economic fluctuations, the value of the company is of considerable significance not solely for the owners. This article works with a standard simulation method. On the basis of real data, of one of the largest construction companies in the Czech Republic belonging to a multinational/supranational group, a simulation of the impact of various retention arrangements/adjustments on the company's financial statements (account reports) was carried out. Subsequently, the value of the company was calculated using the revenue method (yield method). For the greater informative value, the simulation was carried out in a time span of the economic crisis in the Czech Republic. The findings of the authors lead to recommendations on further researching the construction company's financing and the effectiveness of functioning of the national economy.

Klíčová slova

Accounting; Bank guarantee; Company value; Financing; Retention; WACC; Yield method

Autoři

KORYTÁROVÁ, J.; PUCHÝŘ, B.; BOŽIKOVÁ, K.; ŠPIROCH, M.

Vydáno

8. 11. 2017

Nakladatel

Elsevier

Místo

Barcelona

ISSN

1877-0509

Periodikum

Procedia Computer Science

Ročník

2017

Číslo

121

Stát

Nizozemsko

Strany od

630

Strany do

636

Strany počet

7

URL

http://www.sciencedirect.com/science/article/pii/S1877050917322834?via%3Dihub

BibTex

@inproceedings{BUT144190,
  author="Jana {Korytárová} and Bohumil {Puchýř} and Kateřina {Božiková} and Michal {Špiroch}",
  title="Simulation of the Influence of Different Ways of Setting the Restraint on Value of Construction Company",
  booktitle="International Conference on ENTERprise Information Systems, CENTERIS 2017, International Conference on Project MANagement, ProjMAN 2017 and International Conference on Health and Social Care Information Systems and Technologies, HCist 2017",
  year="2017",
  journal="Procedia Computer Science",
  volume="2017",
  number="121",
  pages="630--636",
  publisher="Elsevier",
  address="Barcelona",
  doi="10.1016/j.procs.2017.11.083",
  issn="1877-0509",
  url="http://www.sciencedirect.com/science/article/pii/S1877050917322834?via%3Dihub"
}