- Tytuł:
- Challenges of the theoretical and practical aspects in valuation of enterprises’ cost in the Kyrgyz Republic
- Autorzy:
- Kalchakeyeva, Aygul
- Powiązania:
- https://bibliotekanauki.pl/articles/2032727.pdf
- Data publikacji:
- 2013-12-31
- Wydawca:
- Wydawnictwo Adam Marszałek
- Tematy:
-
Kyrgyz economy
Kyrgyz Republic
market system
valuation
Open Joint Stock Company - Opis:
- The transition of the Kyrgyz economy to the market system required fundamental development of a series of new scientific and practical spheres. Privatization process, emergence of the stock market, development of insurance system, transfer of commercial banks to issuing loans in the security of property, all these facts form the necessity for a new service – the company valuation, determination of its market cost of capital. There are specific urgent questions of fundamental works’ transformation, related to this direction, into the practical angle and adaptation of existing theoretical elaborations in the field of company cost capital determination to the appraiser’s practical activity under the existing conditions of still forming professional services market. One of the issues of vital importance is an unsatisfied requirement in determination of market cost of capital of a company. In order to assess the value of the enterprise fairly, the author has defined the object of investigation, that is Open Joint Stock Company “Maili – Suu Electric Bulb Factory” – the largest in the Central Asian region factory, producing more than 100 types of electric incandescent lamp for premises.Basing upon a series of preliminary studies and analyzes, the author hasconcluded that, the most acceptable way in enterprise valuation is cost-based approach. As experiences have shown, enterprise valuation methods based upon on cost of property, currently implemented in our country, are not perfect, because they actually assess the cost of property’s formation. Investor is primarily concerned with future earnings rather than the necessary cost of object formation, although the estimation of business enterprises only on the basis of future earnings may also be incorrect. Consequently, it is quite understandable the kind of necessities to assess business enterprise on the basis of multilateral integrated approach: with relation to cost for building creating, its future profitability and capital sales prices of similar businesses in the market.
- Źródło:
-
Krakowskie Studia Małopolskie; 2013, 18; 136-146
1643-6911 - Pojawia się w:
- Krakowskie Studia Małopolskie
- Dostawca treści:
- Biblioteka Nauki
Artykuł