Počet záznamů: 1

Size and value effects in the Visegrad countries

  1. 1.
    0364283 - NHU-N 2012 RIV US eng J - Článek v odborném periodiku
    Morgese Borys, Magdalena - Zemčík, Petr
    Size and value effects in the Visegrad countries.
    Emerging Markets Finance and Trade. Roč. 47, č. 3 (2011), s. 50-68 ISSN 1540-496X
    Grant CEP: GA MŠk LC542
    Výzkumný záměr: CEZ:AV0Z70850503
    Klíčová slova: book-to-market ratio * Fama and French factors * Visegrad countries
    Kód oboru RIV: AH - Ekonomie
    Impakt faktor: 0.953, rok: 2011

    This paper has two main objectives. The first is to test for the presence of size and book-to-market value effects in the Visegrad countries (the Czech Republic, Hungary, Poland, and Slovakia). The second objective is constructing a model for the cost of capital. The regional three-factor model outperforms country-specific versions of the model, and it can be estimated for a more current sample in Prague, Budapest, Warsaw, and Bratislava. Therefore, it is a plausible model for the cost of capital in this region, and it is used to calculate the cost of capital for the following industries: banks; capital goods; food, beverage, and tobacco; materials; and utilities.
    Trvalý link: http://hdl.handle.net/11104/0199805