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Valuation of privatized companies in the transition economies: the case of Prishtina international airport

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dc.title Valuation of privatized companies in the transition economies: the case of Prishtina international airport en
dc.contributor.author Aliu, Florin
dc.contributor.author Knápková, Adriana
dc.contributor.author Kryeziu, Liridon
dc.contributor.author Bagis, Mehmet
dc.relation.ispartof Finance and the Performance of Firms in Science, Education and Practice 2017
dc.identifier.isbn 978-80-7454-653-2
dc.date.issued 2017
dc.citation.spage 16
dc.citation.epage 28
dc.event.title 6th International Scientific Conference on Finance and the Performance of Firms in Science, Education, and Practice
dc.event.location Zlín
utb.event.state-en Czech Republic
utb.event.state-cs Česká republika
dc.event.sdate 2017-04-26
dc.event.edate 2017-04-27
dc.type conferenceObject
dc.language.iso en
dc.publisher Univerzita Tomáše Bati ve Zlíně (UTB) cs
dc.publisher Tomas Bata University in Zlín en
dc.relation.uri http://www.ufu.utb.cz/konference/
dc.relation.uri http://www.ufu.utb.cz/konference/sbornik2017.pdf
dc.subject Prishtina International Airport en
dc.subject Discount rate en
dc.subject Qualitative Beta en
dc.subject Discounted cash flow en
dc.subject Five Forces en
dc.subject Privatization in Kosovo en
dc.description.abstract The paper aims to capture the valuation problems associated with the privatization of state-owned companies in Kosovo. The methods used in the research detain, if the Prishtina International Airport was undervalued, overvalued, or properly valued in the leasing process. Privatization has been considered as the turning argument in the inclusive economic liberalization process that the Kosovo economy conducted during the transition period. The study comprises research on the factual data in the period 2010-2014 while the estimates on cash flow projections has been made on twenty-year period linked with the concession agreement of the Prishtina International Airport. The results of the study with the standard geometric progression and Monte Carlo simulation, show that the Prishtina International Airport (PIA) was undervalued in the leasing process. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1008266
utb.identifier.rivid RIV/70883521:28120/17:63517282!RIV18-MSM-28120___
utb.identifier.obdid 43877272
utb.source d-orig
dc.date.accessioned 2018-11-19T13:51:01Z
dc.date.available 2018-11-19T13:51:01Z
utb.contributor.internalauthor Aliu, Florin
utb.contributor.internalauthor Knápková, Adriana
utb.fulltext.affiliation Contact information Florin Aliu Tomas Bata University in Zlin Mostní 5139, 760 01 Zlin Email: aliu@fame.utb.cz Adriana Knapkova Tomas Bata University in Zlin Mostní 5139, 760 01 Zlin Email: knapkova@fame.utb.cz Liridon Kryeziu Sakarya University, Business Management Faculty 54050 Serdivan/Sakarya, Turkey Email: liridonkry@gmail.com Mehmet Bagis Sakarya University, Business Management Faculty 54050 Serdivan/Sakarya, Turkey Email: m.bagis33@gmail.com
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