Pregled bibliografske jedinice broj: 284314
Tržišna vrijednost kapitala hrvatskih banaka
Tržišna vrijednost kapitala hrvatskih banaka // An Enterprise Odyssey: Integration or Disintegration / Galetić Lovorka (ur.).
Zagreb: Ekonomski fakultet Sveučilišta u Zagrebu, 2006. (pozvano predavanje, međunarodna recenzija, sažetak, znanstveni)
CROSBI ID: 284314 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Tržišna vrijednost kapitala hrvatskih banaka
(Market Value of Equity of Croatian Banks)
Autori
Prga, Ivica ; Šverko, Ivan "Market Value of Equity of Croatian Banks", in: An Enterprise Odyssey: Integration or Disintegration (conference proceedings), University of Zagreb, Faculty of Economics and Business Zagreb - Croatia, June 15-17, 2006. CD-ROM, ISBN: 953-6025-17-5.
Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni
Izvornik
An Enterprise Odyssey: Integration or Disintegration
/ Galetić Lovorka - Zagreb : Ekonomski fakultet Sveučilišta u Zagrebu, 2006
Skup
An Enterprise Odyssey: Integration or Disintegration
Mjesto i datum
Zagreb, Hrvatska, 15.06.2006. - 17.06.2006
Vrsta sudjelovanja
Pozvano predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
Market value of equity; interest rate behavior; market value of assets; market value of liabilities
Sažetak
The goal of this article is to analyze the market value of Croatian banks` equity. Market value of equity can be calculated in several ways. The first way of calculating banks` market value of equity is derived from stock market data. The market value of equity of Croatian banks, calculated by this approach, is 2, 18 times higher than the book one. The second way of calculating market value of equity comes from analyzing banking system data on balance sheet structure, interest rate levels, interest rate behavior, current interest rate levels in all included currencies, etc. Modern financial theory makes possible to calculate market values or assumed market values of every financial instrument (independently on marketability of these instruments). This calculation is based on Net Present Value analysis. The market value of equity of Croatian banks, calculated by this approach, is 3, 02 times higher than the book one. Finally, comparing the two market values of equity, the research tries to explain differences in these two models` results. As expected, market value of equity calculated by balance sheet approach is substantially higher than the one calculated by stock market approach.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
