Detail publikace

Corporate life cycle and market position and their influence on rates of owners risk rewards

KONEČNÝ, Z.

Originální název

Corporate life cycle and market position and their influence on rates of owners risk rewards

Typ

článek ve sborníku ve WoS nebo Scopus

Jazyk

angličtina

Originální abstrakt

This article is focused on the structure of cost of equity required in companies in different phases of their life cycle and in different market positions, that are, according to the used model by Reiners (2004), derived from the combination of the phases of corporate- and market life cycle. Risk rewards, which are components of cost of equity, were calculated by using the constructional model by the Czech Ministry of Industry and Trade and there were by each risk reward found out, whether there is required its minimal value, the value within the interval, or the maximal value. Consequently, the selected companies were ordered according to the number of reached minimal and maximal values. There were selected 39 companies from the czech automotive industry and there were analyzed secondary data, gotten from financial reports and statistical materials, for periods from 2002 to 2010. The research showed, that the most successful are companies in the phase of stabilisation and in the position of market pioneer, or market driver.

Klíčová slova

corporate life cycle, market life cycle, market position, cost of equity, risk rewards

Autoři

KONEČNÝ, Z.

Rok RIV

2012

Vydáno

29. 11. 2012

Místo

Brno

ISBN

978-80-7375-669-7

Kniha

PEFnet 2012

Strany od

223

Strany do

230

Strany počet

8

BibTex

@inproceedings{BUT95644,
  author="Zdeněk {Konečný}",
  title="Corporate life cycle and market position and their influence on rates of owners risk rewards",
  booktitle="PEFnet 2012",
  year="2012",
  pages="223--230",
  address="Brno",
  isbn="978-80-7375-669-7"
}