- Autor
- Zarzecki Dariusz (Uniwersytet Szczeciński)
- Tytuł
- Premia z tytułu wielkości w wycenie przedsiębiorstw
Size Premium in Business Valuation - Źródło
- Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, 2009, nr 48, s. 931-944, rys., bibliogr. 17 poz.
- Tytuł własny numeru
- Zarządzanie finansami firm : teoria i praktyka
- Słowa kluczowe
- Kalkulacja stopy zwrotu, Premia, Wycena przedsiębiorstwa, Wskaźnik C/Z
Rate of return calculation, Bonus, Enterprise valuation, Price-earnings ratio P/E - Uwagi
- summ.
- Abstrakt
- Zagadnienie premii z tytułu wielkości pojawiło się wraz z wynikami badań na temat tzw. anomalii na rynku kapitałowym. W artykule omówiono istotę tych anomalii na przykładzie tzw. efektu wskaźnika cena/zysk oraz efektu wielkości. (fragment tekstu)
The Size Premium is defined as the return on small company stocks in excess of that predicted by the CAPM. It is the additional return that cannot be explained by the betas of small companies. The Premium is to compensate an extra risk resulting from investments in small companies - risk that is not explained by the CAPM. In this paper, the most important issues related to the "Size Effect" and "Size Premium" are examined.(original abstract) - Dostępne w
- Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Biblioteka Główna Uniwersytetu Szczecińskiego - Pełny tekst
- Pokaż
- Bibliografia
-
- Arnott R.D., What Hath MPT Wrought: Which Risks Reap Rewards?, [w:] F. Fabozzi (red.), The Institutional Investor Focus on Investment Management, Ballinger Publishing Company, Cambridge 1989.
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- Brown P., Kleidon A.W., Marsh T.A., New evidence on the nature of size-related anomalies in stock prices, "Journal of Financial Economics" 12, June 1983.
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- Ehrbar A.F., Giant payoffs from midget stocks, "Fortune" June 30, 1980.
- Grabowski R., King D.W., New evidence on size effects and rates of return, "Business Valuation Review", September 1996.
- Ibbotson SBBI 2008 Valuation Yearbook. Market Results for Stocks, Bonds, Bills, and Inflation 1926-2007.
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- Reinganum M.R., Misspecification of capital pricing: empirical anomalies based on earnings' yields and market values, "Journal of Financoial Economics" 9, March 1981.
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- Cytowane przez
- ISSN
- 1899-3192
- Język
- pol
