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Size premium in the practice of the Czech Republic
[Přirážka za velikost v podmínkách České republiky]

Author

Listed:
  • Radovan Fišer
  • Zuzana Meteláková

Abstract

The authors of this discussion paper deal with the small size premium as part of the cost of equity in income approach-based valuations in the practice of Czech Republic. By referencing to empirical professional publications and valuation textbooks the authors demonstrate the existence of a size effect and deal with arguments against the use of the small size premium, which the authors consider to be outdated. The authors also point to the usage of the size premium in Czech and foreign practice. Based on the analysis, the authors recommend including the small size premium in cost of equity estimates.

Suggested Citation

  • Radovan Fišer & Zuzana Meteláková, 2025. "Size premium in the practice of the Czech Republic [Přirážka za velikost v podmínkách České republiky]," Oceňování, Prague University of Economics and Business, vol. 18(1), pages 3-23.
    • Handle: RePEc:prg:jnloce:v:18:y:2025:i:1:id:297:p:3-23
    DOI: 10.18267/j.ocenovani.297
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    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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