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The agricultural companies and their value spread within the Visegrad Group

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  • Kamila Ruzickova

    (Department of Economics, Faculty of Business and Economics, Mendel University in Brno)

Abstract

This paper closely examines theoretical and practical aspects for the initial stage for the application of the income valuation methods on the agricultural companies within the member countries of the Visegrad Group. Firstly, the applicability of the income valuation methods is verified via the value spread, as a difference between the return on equity and costs of equity and secondly, the conclusions are drawn properly. This paper finds that only a part of the sample is suitable for income valuation, for the majority of companies the income valuation methods are rather non-applicable, due the fact that some of the basic requirements are not met. Based on empirical tests, it was proved that there is a slightly positive dependence between the value spread and the country of origin of the agricultural company.

Suggested Citation

  • Kamila Ruzickova, 2013. "The agricultural companies and their value spread within the Visegrad Group," MENDELU Working Papers in Business and Economics 2013-33, Mendel University in Brno, Faculty of Business and Economics.
    • Handle: RePEc:men:wpaper:33_2013
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    References listed on IDEAS

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    1. Reshma H. Shah & Vanitha Swaminathan, 2008. "Factors influencing partner selection in strategic alliances: the moderating role of alliance context," Strategic Management Journal, Wiley Blackwell, vol. 29(5), pages 471-494, May.
    2. Magnus Bild & Paul Guest & Andy Cosh & Mikael Runsten, 2002. "Do takeovers create value? A residual income approach on UK data," Working Papers wp252, Centre for Business Research, University of Cambridge.
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    Cited by:

    1. Andrzej Czyżewski & Mariola Michałowska, 2022. "The Impact of Agriculture on Greenhouse Gas Emissions in the Visegrad Group Countries after the World Economic Crisis of 2008. Comparative Study of the Researched Countries," Energies, MDPI, vol. 15(6), pages 1-18, March.

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    More about this item

    Keywords

    agricultural company; company value; net income; value spread.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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