Valuation Cost of Equity Capital in the Conditions of Economic Instability on Emerging Markets (by the Example of Russia)

Kolesnichenko, Elena; Sutyagin, Vladislav; Radyukova, Yana; Smagina, Valentina V.; Yakunina, Inna N.

doi:10.1007/978-3-319-55257-6_50

Cited by 3 publications

(2 citation statements)

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“…The analysis showed that for the period from 2000 to 2005 the number of the same-sex couples in the US increased from 600 thousand pairs to 770 thousand pairs, or by 28.3% (Gates, 2006). Moreover, the research of Gates showed that in the USA in 2000-2005 in some states the number of the same-sex couples increased by 1.5-2 times (Kolesnichenko et al, 2017) (Figure 8).…”

Section: Figure 4 Dynamics Of Total World Debt For the Period Of Thementioning

confidence: 99%

Issues of the World Economy’s Assessment: The Demographic Factor

Sutyagin¹,

Radyukova²,

Kolesnichenko³

et al. 2018

ERSJ

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The article analyzes the impact of the demographic factor on the prospects for the development of the world economy. The basis of the methodology is an analysis of the dynamics of macro indicators of the world's 10 leading economies, whose contribution exceeds 61% of world GDP. In the article the dynamics of macroeconomic and demographic indicators were analyzed, and their interrelation was established. The study analyzes the dynamics of the world economy. In the course of the study, it was shown that globalization brings not only advantages, but notable threats. The economic growth within the last 21 years led to the accumulation of colossal debts, which in future will become a limitation of the development of the world economy. The article shows that attempts to overcome demographic problems in the last decades did not have any success, and consequently, in the future it will be a barrier to the sustainable development of the world economy.

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Section: Figure 4 Dynamics Of Total World Debt For the Period Of Thementioning

confidence: 99%

Issues of the World Economy’s Assessment: The Demographic Factor

Sutyagin¹,

Radyukova²,

Kolesnichenko³

et al. 2018

ERSJ

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“…Smagina, I.N. Yakunina [4] описывают специфику применения САРМ в отношении компаний России. А. Ayadi [5] исследует влияние BREXIT на другие фондовые рынки, в том числе рынки BRICS.…”

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Empirical and analytical base for CAPITAL ASSETS PRICING MODEL application in Russia

Kogan

2022

jour

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The subject of the study were the financial characteristics of the Russian Stock Market and the represented public companies. The complex calculations necessary for Capital Assets Pricing Model (CAPM) application in the study of Russian companies by appraisers, investors, and researchers were performed. 5- and 2-year betas (historical, and adjusted for leverage and cash) were calculated, based on weekly total stock returns for 217 companies. Historical bets were calculated for cases when the market was represented by IMOEX, MCFTR, MOEXBMI, SP500, Solactive Global Equity Large Cap Select Index (five bet groups in total). In addition, 2-year betas were calculated for four periods, and the specifics of their variability were described. A fly project study of the small cap premium was carried out. The market risk premium was determined. The main sources of information for this study were the Moscow Exchange and Yahoo Finance. The calculations were based on the classical provisions of CAPM and mathematical statistics. The information provided allows appraisers, investors, researchers to determine the return required for a particular type of business. The maximum detail of information allows one to calculate the bet according to well-known domestic, foreign or own classifiers.

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