KUBÍČKOVÁ, Dana and Kamila GROMBÍŘOVÁ. WACC and factors influenced its level in conditions of SMEs in Czech Republic. Online. In Culík, M. sborník mezinárodní vědecké konference. Ostrava: VSB-TU Ostrava, 2015, p. 299-308., 9 pp. ISBN 978-80-248-3865-6.
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Basic information
Original name WACC and factors influenced its level in conditions of SMEs in Czech Republic
Name in Czech WACC and factors influenced its level in conditions of SMEs in Czech Republic
Authors KUBÍČKOVÁ, Dana and Kamila GROMBÍŘOVÁ.
Edition Ostrava, sborník mezinárodní vědecké konference, p. 299-308., 9 pp. 2015.
Publisher VSB-TU Ostrava
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50200 5.2 Economics and Business
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form electronic version available online
Organization unit University of Finance and Administration
ISBN 978-80-248-3865-6
Keywords (in Czech) WACC, capital structure, costs of equity
Keywords in English WACC, capital structure, costs of equity
Tags International impact, Reviewed
Changed by Changed by: Ing. Dana Kubíčková, CSc., učo 5028. Changed: 20/10/2021 22:44.
Abstract
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.
Abstract (in Czech)
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.
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