Pregled bibliografske jedinice broj: 1194229
Determination of the risk premium for the environment of the Czech Republic based on a comparison of the established rating from rating agencies and the model from Damodaran
Determination of the risk premium for the environment of the Czech Republic based on a comparison of the established rating from rating agencies and the model from Damodaran // Littera Scripta (Economics, Management, Corporate Finance, Finance and Valuation), 15 (2022), 1; 82-92 doi:https://.org/10.36708/Littera_Scripta2022/1/6 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 1194229 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Determination of the risk premium for the
environment of the Czech Republic based on a
comparison of the established rating from rating
agencies and the model from Damodaran
Autori
Prochazkova, Michaela ; Bogdanović, Mario ; Klementova Iva
Izvornik
Littera Scripta (Economics, Management, Corporate Finance, Finance and Valuation) (1805-9112) 15
(2022), 1;
82-92
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
Damodaran, risk premium, credit rating, rating agency, investor
Sažetak
This paper describes the general methods of the risk premium calculation and compares them with Damodaran approaches and the rating assigned by specialized agencies. The determination of the risk premium represents the amount of money that an investor obtains when taking the risk of an investment in a particular market. The simplest option for obtaining a risk premium appears to be the risk premium assigned by the credit rating agencies. However, there is currently a plethora of such agencies in the market and the investor must ensure that they will take the right decision. In the analysis of different methodologies in the methodological part of the paper, the most appropriate model for determining the risk premium for the Czech environment is identified. In the discussion of the results, the weaknesses of each method are described in more detail to identify the recommended method for the Czech Republic. In the conclusion of this paper, a modification of the risk premium calculation is proposed to obtain more accurate results.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Ustanove:
Istarsko veleučilište - Universita Istriana di scienze applicate
Profili:
Mario Bogdanović
(autor)
Citiraj ovu publikaciju:
Uključenost u ostale bibliografske baze podataka::
- ERIH PLUS (European Reference Index for the Humanities and Social Sciences) – in 2015
- CEJSH (Central European Journal of Social Sciences and Humanities) – in 2015
- EZB (Elektronische Zeitschriftenbibliothek) – in 2017
- GOOGLE SCHOLAR – in 2017
- DOAJ (Directory of Open Access Journals) – in 2019