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

Aliu, Florin; Knápková, Adriana; Kryeziu, Liridon; Bagis, Mehmet

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.identifier.wok	000471174000001
utb.source	d-orig
dc.date.accessioned	2018-11-19T13:51:01Z
dc.date.available	2018-11-19T13:51:01Z
dc.description.sponsorship	Internal Grant Agency of Tomas Bata University in Zlin [IGA/FaME/2016/018]
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
utb.fulltext.dates	-
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utb.fulltext.projects	-
utb.identifier.jel	G32
utb.identifier.jel	G33