Value As A Premise for Investing? Government Pension Fund Global As Shareholder in A Portfolio Company
Journal Title: Zarządzanie i Finanse - Year 2013, Vol 11, Issue 4
Abstract
This paper examines the issue of sovereign wealth funds and universal owners. The main aim of the article was to analyse financial indicators, deter-mining level of capital invested by GPFG in selected companies. The sample consisted of 38 Polish public companies listed on Warsaw Stock Exchange, the data were collected for year 2012. The empirical analysis was conducted using correlation coefficient. The results of research show statistically significant cor-relation between level of invested capital and total assets, value of company, book value and market capitalization. The empirical results also suggest that EBIT, EBITDA, net profit are important factors in determining how much to invest.
Authors and Affiliations
Dariusz Urban
Keywords
Related Articles
- EP ID EP121364
- DOI -
- Views 48
- Downloads 0
Kontrakty menedżerskie we współczesnych nurtach nadzoru korporacyjnego
W artykule przedstawiono istotę, znaczenie i konstrukcję kontraktu menedżerskiego jako jednej z form nadzoru korporacyjnego. Podano również wyniki analizy porównawczej tradycyjnego modelu nadzoru korporacyjnego, n...
The key proposals for changes in the higher education management system in Poland in the opinion of the surveyed professors – research findings
The aim of the study is to present the opinions of professors on the proposals of pro-quality changes to be introduced into the Polish higher education management system, obtained from the questionnaire study carried out...
Globalizacja I Rozwój Przedsiębiorstw w Ghanie
Artykuł ten omawia zjawisko globalizacji i jej wpływ na przedsiębiorstwa w Ghanie w ostatnich latach. Podobnie jak w wielu innych kulturach i krajach na świecie, globalizacja miała ogromny wpływ na rozwój lub stagnację p...
Determinants of Collaborative Consumption Development
In the beginning of the article the Author explains the concept of collabora-tive consumption and analyses different types of it. Fundamental part of the paper is focused on diagnose, on the basis of literature as well a...
Selected Problems of Operational Risk Management in The Enterprise
The aim of the article is analysis of selected aspects of operational risk management in the enterprise. The article focuses on selected logistics concepts of inventory management and their impact on operational ri...