IDEAS home Printed from https://ideas.repec.org/a/prg/jnloce/v12y2019i1id2019_1_04p42-63.html
   My bibliography  Save this article

Influence of subsidies in the concept of Czech accounting rules on the valuation of the company
[Vliv dotací v pojetí českých účetních předpisů na ocenění podniku]

Author

Listed:
  • Pavla Maříková
  • Andrea Sýkorová

Abstract

The article analyses the ways in which subsidies are reflected in the accounting data and specifies the locations which may give the valuer distorted information and an inappropriate basis for the valuation of the undertaking. The main implications of the accounting effects of the subsidies on the value drivers and the valuation of the enterprise are explained in the text. The most important risk is overvaluing the company's profitability and undervaluing its assets. The results of the analyses are the proposals for adjustments to the accounting data and their transfer to an economic model and other proposals of recommendation on how to handle subsidies in the valuation of an undertaking.

Suggested Citation

  • Pavla Maříková & Andrea Sýkorová, 2019. "Influence of subsidies in the concept of Czech accounting rules on the valuation of the company [Vliv dotací v pojetí českých účetních předpisů na ocenění podniku]," Oceňování, Prague University of Economics and Business, vol. 12(1), pages 42-63.
    • Handle: RePEc:prg:jnloce:v:12:y:2019:i:1:id:2019_1_04:p:42-63
    DOI: 10.18267/j.ocenovani.226
    as

    Download full text from publisher

    File URL: http://ocenovani.vse.cz/doi/10.18267/j.ocenovani.226.html
    Download Restriction: free of charge
    File URL: http://ocenovani.vse.cz/doi/10.18267/j.ocenovani.226.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.ocenovani.226?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Value; business valuation; subsidy; financial statements; Hodnota; ocenění podniku; dotace; účetní výkazy;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnloce:v:12:y:2019:i:1:id:2019_1_04:p:42-63. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.