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Alternative costs of equity of coal mining companies taking into account a context of the Russian Invasion into Ukraine

Author

Listed:
  • Tereza Matasová

    (Institute of Technology and Business in České Budějovice, Czech Republic)

  • Marek Vochozka

    (Institute of Technology and Business in České Budějovice, Czech Republic)

  • Zuzana Rowland

    (Institute of Technology and Business in České Budějovice, Czech Republic)

Abstract

The aim of work was to evaluate the alternative costs of equity of mining companies in the Czech Republic from 2011 to 2021 and to predict the development of costs structure of equity in the following five years. The calculation of Capital Asset Pricing Model (CAMP) model was selected to deal with the issue of alternative costs of equity in the monitored period and multi-layer perceptron networks were selected for the prediction of development. The achieved results clearly demonstrate the ratio of capital structure and its prediction in the future. The research is useful for energy enterprises and a possibility to use it in another sector is obvious.

Suggested Citation

  • Tereza Matasová & Marek Vochozka & Zuzana Rowland, 2022. "Alternative costs of equity of coal mining companies taking into account a context of the Russian Invasion into Ukraine," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(2), pages 394-407, December.
    • Handle: RePEc:ssi:jouesi:v:10:y:2022:i:2:p:394-407
    DOI: 10.9770/jesi.2022.10.2(24)
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    References listed on IDEAS

    as
    1. Kim, Tae-Young & Cho, Sung-Bae, 2019. "Predicting residential energy consumption using CNN-LSTM neural networks," Energy, Elsevier, vol. 182(C), pages 72-81.
    2. Alisa Magdich & János Szenderák & Mónika Harangi-Rákos, 2021. "Economic Diversification In Resource-Based Economies: Norway Experience," Pressburg Economic Review, Pressburg Economic Centre, London, UK, vol. 1(1), pages 27-36, December.
    3. Joseph Baines & Sandy Brian Hager, 2020. "Financial Crisis, Inequality, and Capitalist Diversity: A Critique of the Capital as Power Model of the Stock Market," New Political Economy, Taylor & Francis Journals, vol. 25(1), pages 122-139, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    alternative costs; debt capital; CAMP; neural networks;
    All these keywords.

    JEL classification:

    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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