Spelling suggestions: "subject:"amarket evaluatuation"" "subject:"amarket evalualuation""
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Systematic Risk Factors, Macroeconomic Variables, and Market Valuation RatiosMerriman, Michael Lee January 2008 (has links)
No description available.
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Coupled Modeling of Economic – Hydrological Systems: Examining Spatial Heterogeneity in Water Quality Benefits and Optimal Agricultural Land Use Management in OhioLiu, Hongxing 13 October 2017 (has links)
No description available.
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THREE ECONOMETRIC APPLICATIONS OF NON-MARKET VALUATIONYeh, Chia-Yu 22 November 2002 (has links)
No description available.
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無形資產價值攸關性與企業生命週期之研究陳重光, Chen,Chung Kuang Unknown Date (has links)
本研究主要探討企業處於不同的生命週期階段時,資本市場對於各期的無形資產投入會有不同的評價。本文用Anthony and Ramesh(1992)的方法,選定股利、銷貨成長、資本支出、公司成立年數、研發支出作為生命週期的判斷因子。以薛健宏(2005)修改吳安妮(2004)、Kaplan and Norton(2004)的架構,將平衡計分卡三個非財務構面對應各項無形資產,以人力資本、創新資本、流程資本、顧客資本各項投入作為無形資產投入研究項目,並以Ohlson(1995)的會計評價模式,觀察無形資產投入、人力資本、創新資本、流程資本、顧客資本對於公司評價是否具備攸關性。
實證結果發現,企業於生命週期初期對於各項無形資產的投入,對於資本市場而言都是具備價之攸關性的資訊。無形資產投入在成長與成熟期相比較時,並沒有顯著的差異,而企業於成長與成熟期投入無形資產相較於衰退期,資本市場皆有較高的評價。以創新資本而言,企業於成長期投入創新資本,資本市場的評價大於成熟期與衰退期,而成熟期評價也大於衰退期。以人力資本而言,企業於成長與成熟期投入人力資本,資本市場對於此項資訊的評價並沒有顯著差異,而成長期與成熟期相較於衰退期,皆有較高的評價。以流程資本而言,企業於成長期與成熟期間投入流程資本,資本市場並沒有顯著差異,而成長期與成熟期相較於衰退期,皆有較高的評價。以顧客資本而言,企業於成長期投入顧客資本與成熟期投入相比較,資本市場的評價並沒有顯著差異。而成長與成熟期投入顧客資本相較於衰退期,資本市場的評價皆較高。整體而言,企業於生命週期初期投入無形資產,資本市場皆給予較高的評價,而於企業生命週期晚期,無形資產投入的增加,資本市場並未給予較高的評價 / The purpose of this study is to explore whether the market values intangible asset investment of firm differently at different stage of life cycle. The stage of life cycle in which a firm belongs in determined by using Anthony and Ramesh(1992) model and is classified into growth, maturity and declining stage.
This study uses Annie Wu(2004), Kaplan and Norton (2004) framework as amended by 薛健宏(2005) to partition the intangible asset into human capital, innovation capital, process capital and customer capital. Ohlson’s(1995) model is used to examine the relationship between the market valuation and each of the investment of total intangible asset, human capital, innovation capital, process capital and customer capital .
The empirical results are as follow:
1. The information of total intangible asset investment at the growth stage is value relevant for capital market.
2. There is no difference between the market valuation of total intangible asset investment of growth stage and maturity stage. However, the market valuation is significant by different between the growth and maturity stage on the one side, and the declining stage on the other side.
3. The market valuation for the innovation capital investment at the growth stage is significant by higher than at the maturity and declining stage. The market valuation for the same investment at maturity stage is also higher than of the declining stage.
4. The market valuation for the human capital investment at the growth stage is the same as at the maturity stage. However, the market valuation for the human capital investment both at the growth stage and maturity stage are higher than at the declining stage..
5. There is no difference between the market valuation of process capital investment at the growth stage and maturity stage. However, both the valuation at growth stage and maturity stage are higher than at the declining stage.
6. The market valuation to the customer capital investment at various stage is the same as for the process capital investment.
An overall conclusion can be reached that market valuation for the investment in intangible asset at growth stage of business life cycle is higher than for the same investment at declining stage.
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Teória oceňovania nehnuteľnosti + ocenenie konkrétnej nehnuteľnosti / Theory of real estate valuation + the valuation of specific propertyMajor, Zsófia January 2011 (has links)
The goal of the master thesis is to familiarize the reader with basic theoretical concepts and selected methods of real estate valuation. Describes the differences in between administrative and market approaches. It mainly delas with yield method of valuation. The aim of the practical part is to apply the described methods on a particular case of valuation and afterwards to estimate the value of the real estate. The object of the valuation is an university dorm Jarov III.F. The estimation of the dorm value is made by administrative and yield method. The steps of administrative valuation are described and explained in full length. For the right explanation of the yield method there is a need to describe the revenues and costs of the dorm. As well there is a description of the net operational income. In the end of the thesis the two results are compared and explained.
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Applied ecosystem services in working forests: A direct market valuationHale, Darin Stuart 01 December 2010 (has links)
Ecosystem services, or the benefits humans obtain from natural ecosystems, have long been recognized as critical to human health. Efforts have been taken by many to determine the non-market values of these services but few have offered a direct market valuation. Increasing awareness, scarcity, and regulation have fostered transactions, and markets are emerging that can allow for direct valuation and could provide landowners the opportunity to merchandise this natural capital. This paper provides a valuation and comparison, as a case study, of a traditional management scheme, including the marketing of fiber and recreational leases, and an ecosystem services management scheme, including the marketing of fiber, recreational leases, carbon sequestration, watershed services, and biodiversity. The traditional forest management scheme had an estimated present value at three pricing scenarios ranging from “pessimistic” at $538,714.63 to “optimistic” at $868,528.27 for the entire 3,976-acre project area. The ecosystem services management scheme had an estimated present value at three pricing scenarios ranging from “pessimistic” at $621,508.61 to “optimistic” at $1,363,628.13 for the entire 3,976-acre project area. This paper concludes that even in these early stages of ecosystem markets, an ecosystem services management scheme may offer more revenue to landowners than a traditional management scheme.
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Economic non-market valuation techniques : theory and application to ecosystems and ecosystem services : a case study of the restoration and preservation of Pekapeka Swamp : an application of the contingent valuation method in measuring the economic value of restoring and preserving ecosytem services in an impaired wetland : a thesis submitted in partial fulfillment of the requirements for the degree of Master of Philosophy in Economics at Massey University, Palmerston North, New ZealandNdebele, Tom January 2009 (has links)
This thesis explores the theoretical basis of non-market valuation techniques; discusses in detail, the Contingent Valuation Method (CVM) and the Travel Cost Method (TCM); highlights the advantages and disadvantages of various non-market valuation techniques and their suitability under different conditions; and identifies the Contingent Valuation Method as the most appropriate non-market valuation technique to apply to Pekapeka Swamp, the case study site. The overall objective of the study is to apply the most appropriate non-market valuation technique to estimate the total economic value (TEV) of the restoration and preservation of Pekapeka Swamp and to test Hawke’s Bay Regional Council’s (HBRC) restoration programme for the Pekapeka Swamp using economic efficiency criteria. An appropriate contingent valuation mail survey questionnaire was designed to elicit responses to the dichotomous choice (DC) and open-ended valuation questions, and to collect socio-economic data and information on households’ attitude towards the environment. Responses to the survey questionnaire were analysed (using ordinary least squares regression for the open ended question, and logistic regression, for the DC question) to identify the factors that influence households’ willingness to pay (WTP) for the restoration and preservation of the Pekapeka Swamp and to estimate TEV. A number of functional forms of the logit and open-ended WTP models were fitted from which WTP functions were estimated. Households were asked a DC question followed by an open-ended question regarding the value they placed on the restoration and preservation of Pekapeka Swamp. Out of an initial mail-out of 958 questionnaires, an overall response rate of 46.13% was achieved after two follow-ups. Results from the final usable sample of 231, after removing protests and inconsistent responses, indicate that households in the Hawke’s Bay region would pay, on average, between NZ$30.00 and NZ$76.89 per annum for five years. Unit value ranges between NZ$17,898 and NZ$45,866 per hectare per year; and net present values for the restoration and preservation programme for Pekapeka Swamp based on our ‘best estimates’ range between NZ$5.05 million and NZ$18.20 million depending on the model and discount rate used.
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Tržní ocenění společnosti (Akord - stavební a obchodní společnost, s.r.o.) / The market valuation of company (Akord -- building and business company, ltd.)Tupý, Pavel January 2008 (has links)
The graduation theses is concerned with the market valuation of company Akord -- building and business company, ltd. The valuation was made through the DCF method in the version EVA and through the DCF method in the version FCFF. Before the valuation I elaborated the strategy and financial analyses, that are basis of financial program processing which is important to calculation of the free cash flows needed to the process of valuation.
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Vliv provedených stavebních prací na tržní hodnotu stavby / Influence of Construction Work Carried Out in a Building on its Market ValueKáňová, Veronika January 2018 (has links)
The diploma thesis addresses the influence of building work carried out on the family house and the comparison of this influence in various localities. The theoretical part defines the basic terms from professional literature and legislation. A family house prior to reconstruction in the town of Bolera-dice was selected and then two other similar sites of the municipality of Hostěradice and the town of Koryčany. In the practical part, the customary prices were calculated before reconstruction. The reconstruction of the house was projected and the costs of construction work were calculated using an itemised budget. By means of a database of real estate properties after reconstruction, the prices of similar real estate properties after the reconstruction were established. The conclusion of the the-sis presents a comparison and analysis of the results at individual sites, and thus fulfils the objective of the thesis by determining the impact of construction work on the family house and comparing this in different locations.
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Analýza vlivu ceny rekonstrukce na cenu obvyklou nájemního domu v Ostravě / Impact analysis of renovation cost on the normal price of a rental apartment building in OstravaRojíček, Vojtěch January 2016 (has links)
In the diploma thesis there is an influence of revitalization of panel(prefa) building comples on usual price analyzed. The building has three separate doorways, whole complex is situated in North Moravia-Moravian Ostrava in Moravian-Silesian region. In the theoretical part of my diploma thesis there are basic concepts defined. There are defined different types of insulating materials, durability and wear down buildings. The diploma thesis also informs about economical aspects. In the practical part there is information about price estimation of buildings with cost approach according to the cost announcement. There is also price calculated according to the income approach and price estimation with direct comparison as well. All of these methods have been used for both - state of building before and after reconstruction. After the price extimation the final evaluation has been implemented. In the practical part of diploma thesis there are also another building modification for whole life span of the building parts designed. The aim of the diploma thesis is to evaluate an influence of reconstruction on the market price as well as a possibility of increasing rental price on the market level due to increased standart of living.
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