Published in «Journal of Economics, Entrepreneurship and Law»3 / 2019
DOI: 10.18334/epp.9.3.41088

Взаимосвязь рыночной капитализации с показателями стоимости высокотехнологичных компании

Chupanova Khadizhat Alibekovna, St Petersburg State University, Russia

Взаимосвязь рыночной капитализации с показателями стоимости высокотехнологичных компании - View in Russian

 Download PDF | Downoads: 65

Abstract:
This article is devoted to comparison of theoretical assumptions about the value of the company with actual results under the condition of holding company of the procedure of initial public offering shares. IPO can be an effective source of funding for large companies who hold an active innovation strategy. In this regard, the question of the valuation of the company's market value, which may be determined in various ways, becomes relevant. To identify the relationship between company's value and accounting performance the existing methods are analyzed in detail, as well as the author proposed an econometric model based on the market capitalization of telecommunications companies from the costs based on the residual net profit.

Keywords:

business valuation, high-tech companies, ipo, market capitalization, model of the residual net profit, residual net profits
Citation:
Chupanova Kh.A. (2019). Взаимосвязь рыночной капитализации с показателями стоимости высокотехнологичных компании [Vzaimosvyazy rynochnoy kapitalizatsii s pokazatelyami stoimosti vysokotekhnologichnyh kompanii]. Journal of Economics, Entrepreneurship and Law, 9(3). (in Russian). – doi: 10.18334/epp.9.3.41088.


References (transliterated):
Bukhvalov A.V., Volkov D.Lyu (2005). Issledovanie zavisimosti mezhdu pokazatelyami fundamentalnoy tsennosti i rynochnoy kapitalizatsiey rossiyskikh kompaniy [The dependence between the indicators of fundamental value and market capitalization of Russian companies]. Vestnik of Saint Petersburg University. Series 8. Management. (1). 26-43. (in Russian).
Damodaran On-linePeople.stern.nyu.edu. Retrieved from http://people.stern.nyu.edu/adamodar/New_Home_Page/home.htm
Endovitskiy D.A. (2009). Analiz kapitalizatsii publichnoy kompanii i otsenka ee investitsionnoy privlekatelnosti [Analysis of capitalization of a public company and assessment of its investment attractiveness]. Economic analysis: theory and practice. (21). 2-8. (in Russian).
Kozlova A.S., Taraskin D.S. (2018). Teoreticheskie aspekty otsenki stoimosti publichnyh kompaniy: ponyatie, tseli i metody otsenki [Theoretical aspects of valuation of public companies: concept, objectives and methods of evaluation]. Science and Society. (3). 51-56. (in Russian).
Malova A.S. (2006). Osnovy ekonometriki v srede GRETL [Basic econometrics in GRETL environment] Moskva : Prospekt. (in Russian).
Series Title: 20-year Treasury Constant MaturityWww.economagic.com. Retrieved June 24, 2019, from http://www.economagic.com/em-cgi/data.exe/fedbog/tcm20y
Volkov D.L. (2004). Modeli otsenki fundamentalnoy stoimosti sobstvennogo kapitala: problema sovmestimosti [Valuation models of fundamental value of equity: the problem of compatibility]. Vestnik of Saint Petersburg University. Series 8. Management. (3). 3-36. (in Russian).
Volkov D.L., Berezinets, I.V. (2006). Pravlenie tsennostyu: analiz osnovannyh na bukhgalterskikh pokazatelyakh modeley otsenki sobstvennogo kapitala [The Board of value: an analysis based on accounting indicators of evaluation models of the own capital] Scientific reports; 2006 SPb. Institute of management, St. Petersburg University. 11. (in Russian).
Vorobeva S.A. (2014). Upravlenie otsenkoy stoimosti organizatsii [Management by estimation of cost of organization]. Modern problems of science and education. (3). 430. (in Russian).
Yudkina L.V., Berlin Yu.I. (2010). Statisticheskiy analiz vzaimosvyazey pokazateley upravleniya kapitalom i rynochnoy stoimosti publichnyh kompaniy Rossii [Statistical analysis of interrelations of indicators of capital management and market value of public companies in Russia]. Administration. (10). 40-50. (in Russian).
Rynochnaya kapitalizatsiya kak indikator investitsionnoy privlekatelnosti kompaniiBstudy.net. Retrieved June 29, 2019, from https://bstudy.net/682277/ekonomika/rynochnaya_kapitalizatsiya_indikator_investitsionnoy_privlekatelnosti_kompanii
SARM. Model tsenoobrazovaniya aktivov (Capital Asset Pricing Model)Afdanalyse.ruca. Retrieved April 20, 2019, from http://afdanalyse.ruca/publ/investicionnyj_analiz/teorija/model_cenoobrazovanija_aktiv ov_sarm_capital_asset_pricing_model/27-1-0-259
Federalnyy zakon ot 23.08.1996 N 127-FZ "O nauke i gosudarstvennoy nauchno-tekhnicheskoy politike»Consultant.ru. (in Russian). Retrieved June 20, 2019, from http://www.consultant.ru/document/cons_doc_LAW_11507/
Finansovaya otchetnostyMoskva.mts.ru. Retrieved June 23, 2019, from https://moskva.mts.ru/about/media-centr/soobshheniya-kompanii/finansovaya-otchetnost
Finansovaya otchyotnosty po MSFOCorp.megafon.ru. Retrieved June 23, 2019, from http://corp.megafon.ru/investoram/shareholder/msfo/