2015年机会成本外文翻译--股权资本的机会成本

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1、2900 英文单词， 15000 英文字符 ， 中文 4600 字 文献出处： Dzuri?kov, Jana, Fabinyov, Radka, Mihal?ov, Bohuslava. The Opportunity Cost of Equity CapitalJ. Procedia Economics and Finance, 2015, 23:1492-1498. The opportunity cost of equity capital Jana Dzurikov, Radka Fabinyov, Bohuslava Mihalov Abstract This paper is f

2、ocused on the calculation of cost of equity with using the CAPM model and Build-up model. The main aim of this calculation was to discover whether traditional measurements of business performance are better than selected modern measurements or not. For the calculation we used a sample of 31 engineer

3、ing companies situated in the Slovak market. Based on the research results we propose a methodology that could be suitable for the more efficient calculation of costs for examined industry. Keywords: Build-up model, CAPM model, economic value added, cost of equity capital, engineering industry; 1. I

4、ntroduction The growing competition among companies at the market and the strong connectivity among individual economies can be considered as most significant effects of globalization. The negative consequences of these effects are showed especially with arrival of the financial and economic crisis

5、in 2008, which caused deeper financial or existential problems in some companies. According to these problems, there arise up an increasing pressure on examination of business performance. So, we can ask the question how we could evaluate companies and their performance as efficiently as possible un

6、der these conditions. There are several traditional (e.g. indicators of liquidity, activity, profitability, etc.) or modern (e.g. EVA, MVA, NPV, CFROI, etc.) indicators of business performance, which bring a more dynamic and realistic image about company but not only about its performance but also about competitive position on the market. Thanks to the simplicity of calculation, not only Slovak companies tend to use traditional indicators for measure of business performance. The mai