D 2015

WACC and factors influenced its level in conditions of SMEs in Czech Republic

KUBÍČKOVÁ, Dana a Kamila GROMBÍŘOVÁ

Základní údaje

Originální název

WACC and factors influenced its level in conditions of SMEs in Czech Republic

Název česky

WACC and factors influenced its level in conditions of SMEs in Czech Republic

Autoři

KUBÍČKOVÁ, Dana a Kamila GROMBÍŘOVÁ

Vydání

Ostrava, sborník mezinárodní vědecké konference, od s. 299-308., 9 s. 2015

Nakladatel

VSB-TU Ostrava

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Organizační jednotka

Vysoká škola finanční a správní

ISBN

978-80-248-3865-6

Klíčová slova česky

WACC, capital structure, costs of equity

Klíčová slova anglicky

WACC, capital structure, costs of equity

Příznaky

Mezinárodní význam, Recenzováno
Změněno: 20. 10. 2021 22:44, Ing. Dana Kubíčková, CSc.

Anotace

ORIG CZ

V originále

This paper is focused on the indicator of WACC in the conditions of SMEs in the transitional economy in the Czech Republic. The behavior of SMEs in connection with the capital structure is described as specific, with a special features rooted in the national economic conditions. The research question is what is the typical model of capital structure of these companies in the Czech Republic and if there are differences in the individual section of SMEs, i. e. in micro, small and medium companies. The research is based on the set of three hundreds of Czech small and medium companies, data of which were derived from the database of Albertina. The results confirmed the findings of previous research: the main part of the firms´ capital is formed by the equity. The share of foreign resources is composed primarily of trade payables. Indicator WACC thus reflects mainly costs of equity in a concrete branch and company.

Česky

This paper is focused on the indicator of WACC in the conditions of SMEs in the transitional economy in the Czech Republic. The behavior of SMEs in connection with the capital structure is described as specific, with a special features rooted in the national economic conditions. The research question is what is the typical model of capital structure of these companies in the Czech Republic and if there are differences in the individual section of SMEs, i. e. in micro, small and medium companies. The research is based on the set of three hundreds of Czech small and medium companies, data of which were derived from the database of Albertina. The results confirmed the findings of previous research: the main part of the firms´ capital is formed by the equity. The share of foreign resources is composed primarily of trade payables. Indicator WACC thus reflects mainly costs of equity in a concrete branch and company.