Authors
Kosorukova I. V.
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Degree
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Dr. Sci. (Econ.), Professor, Deputy Head of Corporate Finance and Corporate Governance for Research and Postgraduate Studies Department, Financial University under the Government of the Russian Federation; Head of Valuation Activity and Corporate Finance Department, Synergy University |
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E-mail
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ivkosorukova@fa.ru |
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Location
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Moscow, Russia |
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Articles
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Enterprise value and enterprise price: concepts and derivability of financial indicatorsThe notion of and the connection between the book value and the market value are discussed. Analyzed are the relationships existing in Russian market environment between these values and the enterprise value as well as their derivability of conventional financial indicators. The indicators affecting enterprise value and enterprise price and their influence on company growth forecasting accuracy and value based management decisions are identified. Read more...Using profit and cash flow factors in value based analysis and financial managementThe correct choice of informative indicators is a crucial factor affecting the efficiency of enterprise financial management. Against all others indicators profit and cash flow values are considered nowadays to be the most widely adopted while conducting financial analyses. The article presents some conclusions obtained by underlying statistical analysis applied to the modern Russian economy environment which may be helpful while selecting the most significant indicator in terms of value based approach to financial management. The data used in analyses reflect the 2011 performance indicators for 240 Russian companies.
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Impact of issuer’s significant facts disclosure on the share priceThe paper deals with the impact of activity significant facts disclosure on the company capitalization level. The results of analysis performed on data for four major Russian public companies for the period from December 2002 to May 2013 and encompassed the items of the significant facts list included in the Federal Law «On the Securities Market» are presented.
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