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Cost of equity on the Polish and global coal market - comparative analysis

Author

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  • Aneta Michalak

Abstract

The mining industry in Poland as well as in the world is considered to be a strategic industry, of special significance for the economy. At the same time it is an industry requiring high capital outlays. Equity plays an important role in financing of the mining enterprises. The objective of the article is to compare the cost of equity on the Polish and global coal market. The object of the research are the Polish and foreign mining enterprises listed on the stock markets. The basic research method is CAPM.

Suggested Citation

  • Aneta Michalak, 2014. "Cost of equity on the Polish and global coal market - comparative analysis," Business and Economic Horizons (BEH), Prague Development Center, vol. 10(1), pages 70-78, April.
  • Handle: RePEc:pdc:jrnbeh:v:10:y:2014:i:1:p:70-78
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    Citations

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    Cited by:

    1. Jonek-Kowalska, Izabela, 2018. "How do turbulent sectoral conditions sector influence the value of coal mining enterprises? Perspectives from the Central-Eastern Europe coal mining industry," Resources Policy, Elsevier, vol. 55(C), pages 103-112.

    More about this item

    Keywords

    Cost of equity; mining; CAPM;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels

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