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Valuation of intangible assets via application of the WARA approach in the agricultural sector

Author

Listed:
  • Tomáš Krulický

    (Institute of Technology and Business in České Budějovice, Czech Republic)

  • Petr Junga

    (Institute of Technology and Business in České Budějovice, Czech Republic)

  • Lenka Jägerová

    (Institute of Technology and Business in České Budějovice, Czech Republic)

Abstract

The aim is to apply the principles of valuation of intangible assets - goodwill using the Weighted Average Return on Asset (WARA) method to enterprises in the agricultural sector in the Czech Republic in 2016-2020 agricultural sector and what is the value of goodwill of the average enterprise in the agricultural sector in the Czech Republic in the years 2016 - 2020 determined by the WARA method. The calculation is performed from data from the CRIBIS database of the company Crif - Czech Credit Bureau, s.r.o., specifically according to the classification of economic activities CZ NACE section A for the period 2016 - 2020, from which the analysis is subsequently performed. The average company in the industry is determined for the calculation. An average agricultural enterprise's goodwill is determined using the capitalised net income method and property valuation. Subsequently, the goodwill is further multiplied by the WARA percentage value, and the resulting goodwill value determined using the WARA method is determined.

Suggested Citation

  • Tomáš Krulický & Petr Junga & Lenka Jägerová, 2022. "Valuation of intangible assets via application of the WARA approach in the agricultural sector," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(2), pages 495-509, December.
    • Handle: RePEc:ssi:jouesi:v:10:y:2022:i:2:p:495-509
    DOI: 10.9770/jesi.2022.10.2(31)
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    More about this item

    Keywords

    agriculture; WARA; Weighted Average Return on Asset; intangible assets; enterprise; goodwill;
    All these keywords.

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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