CCL

Összesen 5 találat.
#/oldal:
Részletezés:
Rendezés:

1.

001-es BibID:BIBFORM079535
Első szerző:Gál Béla (közgazdász)
Cím:Applied corporate valuation using FCFF method: the case of RABA Plc the only company from the automotive industry present in the Hungarian Stock Exchange / Gál Béla, Andrea Rózsa
Dátum:2017
ISSN:222-569X 1582-5450
Megjegyzések:The article primarily seeks to analyze the corporate performance of one of the significant players of the Budapest Stock Exchange, Rába PLC (RABA) and to prepare its corporate valuation based on the free cash flow method. RABA is a premium share and one of the components of the BUX index, as well as the only company from the automotive industry present in the Hungarian Stock Exchange. Another reason for this study is that in 2011 the Hungarian State (Hungarian National Asset Management Inc.) acquired 74% ownership in the company, so the ownership structure was significantly changed compared to the previous period. We were interested in knowing how the change in the ownership structure had been valued by investors. Is the steady growth of share prices demonstrable? Has the performance of the company improved on the basis of annual financial statements and financial ratios compared to the period before the government acquired major stake? How did government influence affect profitability and capitalization? As a general background to the studies, we first reviewed the automotive industry's economic processes based on publicly available information. Second, we presented the most important financial features of the company's 10-year development trend. Third, based on the historical, fundamental data series of RABA, we conducted a trend analysis. We estimated the expected future free cash flow to firm data and the relevant weighted average cost of capital. When determining the equity component of the weighted average cost of capital, the capital asset pricing model was used and a systematic risk assessment was also performed. With a two-phase free cash flow model and scenario analysis, we defined a target exchange rate band that, according to our analyses and expectations, indicates the expected future exchange rate trend. Finally, we evaluated our results compared to the current market trading data.
Tárgyszavak:Társadalomtudományok Közgazdaságtudományok idegen nyelvű folyóiratközlemény külföldi lapban
corporate valuation
free cash flow to firm
weighted average cost of capital
Megjelenés:Annals of The University of Oradea Economic Science. - 26 : 2 (2017), p. 177-189. -
További szerzők:Rózsa Andrea (1971-) (közgazdász)
Internet cím:Szerző által megadott URL
Intézményi repozitóriumban (DEA) tárolt változat
Borító:

2.

001-es BibID:BIBFORM086102
Első szerző:Pető Dalma (közgazdász)
Cím:Financial Future Prospect Investigation Using Bankruptcy Forecasting Models In Hungarian Meat Processing Industry / Pető Dalma, Rózsa Andrea
Dátum:2015
ISSN:1222-569X 1582-5450
Megjegyzések:Our main research topic is the analysis of leading companies in the Hungarian meat processing industry in terms of liquidity criteria. We examine this scientific subject by application of financial indicators and several important bankruptcy forecasting models. In our thesis the emphasis is placed on the presentation and evaluation of business failure models. The topicality of the research subject is rooted in the economic crisis and recession, which made solvency a key issue. Maintaining the competitive position in the market and the ability to stay in competition depend on the capability to generate an appropriate level of net operative cash flow. The most important research questions are the following. Which financial methods can be used to predict and estimate the situation when a company is facing bankruptcy? Do bankruptcy forecasting models provide accurate forecasts and what conclusions can be drawn based on these results? In our study we present the actual economic situation and the main problems of the sector, select the sample companies, calculate and compare the applied financial ratios and the most relevant bankruptcy forecasting models. On the basis of annual reports concerning 2010-2013 interval we investigate the financial position of leading pork processing companies. We make a comprehensive and comparative analysis concerning capital structure, liquidity, and profitability; consequently identify risky processes and companies having high probability of insolvency. Finally, we demonstrate and evaluate the results of three traditional bankruptcy forecasting models (Altman, Springate, and Fulmer) and four modern models (DA, LR, industrial DA and industrial LR).
Tárgyszavak:Társadalomtudományok Közgazdaságtudományok idegen nyelvű folyóiratközlemény külföldi lapban
folyóiratcikk
financial analysis
bankruptcy models
meat processing industry
Hungary
Megjelenés:Annals of the University of Oradea Economic Science. - 24 : 1 (2015), p. 801-809. -
További szerzők:Rózsa Andrea (1971-) (közgazdász)
Internet cím:Szerző által megadott URL
Intézményi repozitóriumban (DEA) tárolt változat
Borító:

3.

001-es BibID:BIBFORM078018
Első szerző:Rózsa Andrea (közgazdász)
Cím:Performance of leading family businesses in the group of emerging companies in Hungary / Rózsa Andrea, Németh Krisztina, Harsányi Gergely, Madarasiné Szirmai Andrea
Dátum:2018
Megjegyzések:The main purpose of the study is to analyze the significance of family businesses within the group of emerging companies.The research into the success factors, potential growth and internationalization of family businesses has recently come into the focus of international interest. This study analyses family businesses that have been admitted to Hungary's group of emerging companies in the past two years, on the basis of their official annual reports. The elements of the sample were taken from the specialized database of the Hungarian subsidiary of Bisnode, international data service company. On the one hand, we have studied if these businesses are able to produce risk premium over the risk-free rate (owner's excess earnings). On the other hand, we are examining what capital structure they use to manage their successful business. Is it possible to conclude that family businesses with high return on equity (and positive risk premium) accomplish their successes with safe (relatively low risk) capital structueóre? Or does it work vice versa: the majority of leading family businesses with high return on equity are characterized by risk exposure related to their capital structure (rate of indebtedness over 60% i.e. leverage over 1.5). Our studiey have been conducted in the past 3 years, in the time preiod of 2014-2016 , on the basis of publicity accessible and verifiable data of the annual report. In order to set the foundation for our analysis, we provide an overview on the major international literature focusing on the significance of family businesses, as well as the key Hungarian publications on this issue. For the selection of the sample and the justification of its relevance, we are providing an overview on Hungary's leading company rankings.The analyses are concluded via the statistical study of the time sequence data of financial indicators.
Tárgyszavak:Társadalomtudományok Gazdálkodás- és szervezéstudományok idegen nyelvű folyóiratközlemény külföldi lapban
family businesses
equity risk premium
capital structure
Megjelenés:The Annals of the University of Oradea. Economic Sciences. - 27 : 1 (2018), p. 214-226. -
További szerzők:Németh Krisztina Harsányi Gergely (1978-) (agrármérnök) Madarasiné Szirmai Andrea
Internet cím:Szerző által megadott URL
Intézményi repozitóriumban (DEA) tárolt változat
Borító:

4.

001-es BibID:BIBFORM067714
Első szerző:Rózsa Andrea (közgazdász)
Cím:Development of real option theory in the last 20 years / Rózsa Andrea
Dátum:2016
ISSN:1222-569X 1582-5450
Megjegyzések:The main goal of this study is to offer an overview on the real option theory in the past two decades. The beginnings of real option researches go back to the 1980s, with their first applications deployed in the natural resource extraction industries. A further important milestone of development came in 1996, when upon Lenos Trigeorgis' initiative a series of annual real option conferences was launched. This year witnesses the staging of the 20th conference, and therefore it can be taken as a worthy occasion for having an overview on the main literary guidelines of the theory with emphasis on the key outcomes. The first part of my study details the most important results of real option financial valuation. The second part sheds light on the potential relationship of strategic management and real options in the light of literary researches. The third section focuses on the real option results of strategic decision-making. The interpretation of the real option procedure as an organizational process gives way to linking the results of strategic management to those of financial management by creating an integrated organizational decision-making model. This statement will be backed by the results pertaining to the real option organizational models.
Tárgyszavak:Társadalomtudományok Gazdálkodás- és szervezéstudományok idegen nyelvű folyóiratközlemény külföldi lapban
real option theory
Megjelenés:Analele Universitatii din Oradea : Stiinte Economice = Annals of University of Oradea. Economic science 25 : 1 (2016), p. 698-709. -
Internet cím:Intézményi repozitóriumban (DEA) tárolt változat
Borító:

5.

001-es BibID:BIBFORM052861
Első szerző:Rózsa Andrea (közgazdász)
Cím:Competitiveness analysis of leading companies in hungarian dairy industry by liquidity indicators / Rózsa Andrea, Tálas Dorisz
Dátum:2012
Tárgyszavak:Társadalomtudományok Gazdálkodás- és szervezéstudományok idegen nyelvű folyóiratközlemény külföldi lapban
competitiveness
Megjelenés:Annals of the University of Oradea. Economic Scienece 21 : 1 (2012), p. 759-764. -
További szerzők:Tálas Dorisz (1988-) (közgazdász)
Internet cím:Intézményi repozitóriumban (DEA) tárolt változat
Borító:
Rekordok letöltése1 
Corvina könyvtári katalógus v8.2.27 © 2023 Monguz kft. Minden jog fenntartva.