Made available in DSpace on 2015-05-08T14:44:54Z (GMT). No. of bitstreams: 1 arquivototal.pdf: 1026635 bytes, checksum: 9f73fc99ed670817798dac77b35bfb11 (MD5) Previous issue date: 2013-04-30 / Coordenação de Aperfeiçoamento de Pessoal de Nível Superior - CAPES / The economic valuation of environmental assets has gained relevance as instruments to assist the decision making of managers both public and legislators, as investors and entrepreneurs. Assign an economic value to environmental resources is not yet a widespread practice. The environmental management has been focused mainly on assessment of the impacts generated by the unbalanced exploitation of these resources. Therefore, this work has as overall goal performing economic valuation of Dunes State Park of Natal in Natal/RN, analyzing the Willingness to Pay (WTP) for students and employees of the Federal Institute of Education, Science and Technology of Rio Grande do Norte (IFRN) through Contingent Valuation Method (CVM), considering its natural attractions, and specific objectives, we analyze the socioeconomic profile of students and employees and their concerns about environmental issues, as well we estimate the function WTP for the use of environmental attractions of the park. Finally, we relate the value of the WTP Park socioeconomic characteristics of the students and IFRN servers. As methodology, we used a bibliographic review of the existing literature and a field research, executed at Federal Institute of Education, Science and Technology of Rio Grande do Norte (IFRN), Natal-campus center, where we applied a questionnaire in the open form of elicitation, during September of 2012, among students aged 18 years and servers (administrative staff and teachers) of this educational institution, gathering also socioeconomic information of the individuals. The results demonstrated that through the regression model, analyzed in general, we have evidence for a significance level of 6,8% there is a significant difference between the amount willing to pay for the maintenance of the park with family income and net income, in other words, as the individual has a higher net income and family, value willing to pay for the maintenance of the Dunes state Park tends to be higher. Furthermore, it was detected that there is also significant effect with respect to schooling, where as you increase the educational level of the individual, the average willing to pay for the maintenance of the Dunes state Park also increases. A fact relevant as adjustments in the general model, it is found not to have significant effect on the amount willing to pay for the maintenance of the Dunes state Park with respect to students and servers. / A valoração econômica de ativos ambientais tem ganhado relevância como instrumentos para auxiliar a tomada de decisão tanto de gestores públicos e legisladores, como de investidores e empresários. Atribuir um valor econômico aos recursos ambientais não é, ainda, uma prática difundida. A gestão ambiental tem se preocupado principalmente na avaliação dos impactos gerados pela exploração desequilibrada desses recursos. Logo, este trabalho tem como objetivo geral realizar a valoração econômica do Parque Estadual Dunas de Natal, em Natal/RN, analisando a Disposição a Pagar (DAP) de alunos e servidores do Instituto Federal de Educação, Ciência e Tecnologia do Rio Grande do Norte (IFRN) por meio do Método de Valoração Contingente (MVC), considerando seus atrativos naturais; e como objetivos específicos, analisamos o perfil socioeconômico de alunos e servidores e de seus interesses sobre as questões ambientais, bem como estimamos a função DAP pelo uso dos atrativos ambientais do parque. E, por fim, relacionamos o valor da DAP do parque às características socioeconômicos dos discentes e servidores do IFRN. Como metodologia, utilizamos uma revisão bibliográfica da literatura existente e uma pesquisa de campo, realizada no Instituto Federal de Educação, Ciência e Tecnologia do Rio Grande do Norte (IFRN), Câmpus Natal-Central, onde aplicamos um questionário na forma aberta de eliciação, durante o mês de setembro de 2012, entre os alunos maiores de 18 anos e servidores (técnicos administrativos e professores) desta instituição de ensino, reunindo também informações socioeconômicas dos indivíduos amostrados. Os resultados demonstraram que, através do modelo de regressão, analisado de forma geral, temos evidências para um nível de significância de 6,8% que existe diferença significativa entre o valor disposto a pagar pela manutenção do parque com renda familiar e renda líquida, ou seja, a medida que o indivíduo possui maior renda líquida e familiar, o valor disposto a pagar pela manutenção do Parque das Dunas tende a ser maior. Além disso, foi detectado que existe efeito significativo também com relação ao grau de escolaridade, onde a medida que aumenta o grau de escolaridade do indívíduo, o valor médio disposto a pagar pela manutenção do Parque das Dunas também aumenta. Um fato relevante visto nos ajustes do modelo geral, trata-se de não ter encontrado efeito significativo no valor disposto a pagar pela manutenção do Parque das Dunas com relação aos estudantes e servidores.

The aim of this thesis is to evaluate the company by means of the Relative Valuation Approach, including the confrontation of the result of this evaluation with the values obtained by application the Revenues Method of Valuation. To be able to use the defined methods to estimate the market price of particular entity was chosen the Company, that is operating in a sector with strong links to agriculture, which is obviously one of fundamental determinants for the establishment of the Company Value. One of the first requirements is to characterize the methods of valuation and apply them consequently to the chosen Company. But there exist the other milestones with have to be met. In the first instance, it must be process the analysis of the sector in which the enterprise operates, as well as the analysis of its performance on this market and analysis of its financial situation. While the methods of valuation are based on restrictive conditions and simplifications which have to be considerate and subsequently eliminate, this methods of valuation are applicable to determine the market value of the Company as whole entity. This Value of the Firm achieves comparable results defined in the application of different methods {--} The Relative Valuation, The Discounted Cash Flow Valuation and The Method of Revenues Capitalisation.

This diploma thesis is structured as an expert opinion and deals with business valuation of EKOSPOL a.s. Firstly, financial and strategic analysis are carried out in order to assess the company´s financial health and perspective. Financial plan is created right after using findings provided by value drivers analysis. Finally, income DCF APV valuation method as well as comparable transactions method are both used to assess the final investment value of EKOSPOL a.s.

KOVÁČ, Peter: Business valuation of DUDÁK Strakonice Burgher's Brewery [Diploma thesis] / Peter Kováč. University of Economics Prague. Faculty of Finance and Accounting; Department of Finance and Business valuation. Supervisor: Ing. Pavel Svačina, Ph.D. Qualification degree: Master. Prague : FFÚ VŠE, 2013. 100 pages. This diploma thesis deals with the business valuation of DUDÁK Strakonice Burgher's Brewery. The aim of the diploma thesis is to determine the market value as of 1. 1. 2011. The company is specific in that it is the last brewery in the Czech Republic to still be owned by a town. The purpose of the diploma thesis rests in finding appropriate value for owners and lenders, which can take in the event of a sale an informational character for the seller. The valuation is independently done by DCF Entity method, Multiples method and Book value method. The work is divided into seven chapters that follow on each other and lead to the determination of the enterprise value. The author uses informational and statistical databases that contribute to the greater credibility of the entire valuation.

This thesis deals with a relatively new issue in the Czech Republic, which is valuing cultural organizations. The general framework for the valuation of non-profit cultural organization is analysed in the theoretical part. It includes a discussion of the importance of culture for society, the characteristics of non-profit organizations and subsequently defining the potential value of the concept of cultural organizations, reasons and methods for valuation of such organizations. Special focus is paid to the transformation of the Prague theater net. The aim of the practical part is to determine the approximate value which the czech society would lose, if the prague theatre Činoherní klub terminates its activities due to financial reasons. Contingent valuation method is applied as a procedure, which is based on detection of individual willingness to pay (WTP) or willingness to accept compensation (WTA), through a questionnaire survey. There is also a determination of the status of the valued theater at the Prague theater market in the practical part.

Goal of this Diploma thesis is determination of the value of Exterier Beton, s.r.o. company on the methods based of discounted cash flow. Theoretical part is focused on primary definitions, definition of value and the reasons why to carry out of valuation. There are also mentioned parts of valuation method and specification process during valuation in diploma thesis. The practical part deals with the characteristics of the company, strategic analysis, evaluation of the financial health of the company, setting up of financial plan and application of selected methods of valuation.

This master´s thesis is focused on detterminations of the difference between the standard price of a detached passive house and selected detached houses in Chomutov and its surroundings. The theoretical part of the thesis describes the basic terms used in real estate valuation. The main task of this thesis is in Chomutov establish the standard price of houses with regard to their implementation, to evaluate land forming their accessories and assess standart value house without land, in order to eliminate the influence of land price to the price of the property. For valuation has been selected 10 houses from the Ústecký kraj of 3 districts (Chomutov, Louny and Most).

The topic of my diploma thesis is to compare the differences of real estate property prices before and after reconstruction with the real price of the conversion. It focuses on finding out whether the recontruction increases the value of the real estate property. The theoretical part describes the terminology being used in my diploma thesis. I also describe in more detailes price estimated family houses and their localities. The practical part contains price calculations of the family houses before and after reconstruction. As the valuation methods are used cost method in accordance with the applicable valuation regulations and method of direct comparison. In the conclusion there is a comparison between the prices before and after the reconstruction.

This thesis deals with the analysis of the valuation methods and their mutual comparison and assessment of suitability. The theoretical part presents the basic concepts associated with the valuation of real estate valuation methods for the analysis of the type of property house and the notion of civic amenities. In the practical part of the work five houses in the Ústí nad Orlicí are described and measured. The main object of this work is to compare the impact of service availability on the marketability of houses and evaluate which of the methods reflect the amenities most accurately. Another object of this work is to evaluate the difference in the two possible procedures landscaping cost calculation method according to the current pricing regulation. Finally is made a comparison of the valuation methods and evaluate the most appropriate method.

The target of this theses entitled „Analysis od the impact of construction modifications on the standard price of selected detached houses in Rožnov pod Radhoštěm“ is assess what extent is the standart price of selected detached houses influence by construction modifications made . The next task is to describe the necessary valuation of real estate. The practical part deals ascertainment the loading price of five different types of houses according to the currently valid legislation No. 151/1997 Coll., including outdoors modification and subsidiary buildings approximating to family houses. The findings are also prices of houses made comparative method calculated in accordance with a regulation by direct comparison , which was created database of real estate. Land forming a single functional units with family homes which were valued using valuation regulations and Naegeliho class position. At the end of this thesis the comparison of the identified unit prices depending on your reconstructions.