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DC poleHodnotaJazyk
dc.contributor.authorHynek, Josef
dc.contributor.authorJaneček, Václav
dc.contributor.authorLefley, Frank
dc.date.accessioned2016-01-26T07:07:22Z
dc.date.available2016-01-26T07:07:22Z
dc.date.issued2015
dc.identifier.citationE+M. Ekonomie a Management = Economics and Management. 2015, č. 2, s. 89-102.cs
dc.identifier.issn2336-5604 (Online)
dc.identifier.issn1212-3609 (Print)
dc.identifier.urihttp://www.ekonomie-management.cz/download/1433862249_e4cd/07_AN+EXPLORATORY+STUDY+OF+A+COMPARISON+BETWEEN+THE+UK.pdf
dc.identifier.urihttp://hdl.handle.net/11025/17612
dc.format14 s.cs
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherTechnická univerzita v Libercics
dc.relation.ispartofseriesE+M. Ekonomie a Management = Economics and Managementcs
dc.rights© Technická univerzita v Libercics
dc.rightsCC BY-NC 4.0cs
dc.subjectvyhodnocení investiccs
dc.subjectinformační a komunikační technologiecs
dc.subjectICTcs
dc.subjectvznikající trhycs
dc.subjectDCFcs
dc.titleAn exploratory study of a comparison between the UK and Czech republic of the financial models used in the appraisal of ICT and non-ICT capital projectsen
dc.typečlánekcs
dc.typearticleen
dc.rights.accessopenAccessen
dc.type.versionpublishedVersionen
dc.description.abstract-translatedOur research is aimed at identifying the current practices in respect of the financial appraisal of information communication technology and non-ICT projects. We look specifically at the UK – a well-established market economy – and the Czech Republic – an emerging market economy. Our research is based on a unique survey, which simultaneously examines the financial appraisal models used in the two types of projects, and addresses these issues from two diverse market economies. An important finding is that any differences in the financial models used relate to the two countries rather than between ICT or non-ICT projects. While both countries make extensive use of the payback model, they fully defend the view that this model influences a short-term mentality. The Czech Republic, more so than the UK, also support the view that the payback is unsuitable for appraising information communication technology projects, yet they still use it to appraise such projects. The Czech Republic places less importance on the discounted cashflow models than the UK, with the Czech Republic preferring the ‘net present value’ to the ‘internal rate of return’. The UK, by using an ‘opportunity cost of capital’ approach in the determination of the ‘discount rate’, may be making it harder to achieve a positive net present value than the Czech Republic, who adopt an approach which is nearer to the true cost of capital. This exploratory study will aid both practitioners and academics in a greater understanding of the appraisal of capital assets and focus future research in a positive way.en
dc.subject.translatedinvestment appraisalen
dc.subject.translatedinformation and communication technologyen
dc.subject.translatedICTen
dc.subject.translatedemerging marketsen
dc.subject.translatedDCFen
dc.identifier.doidx.doi.org/10.15240/tul/001/2015-2-007
dc.type.statusPeer-revieweden
Vyskytuje se v kolekcích:Číslo 2 (2015)
Číslo 2 (2015)

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  1. DSpace at University of West Bohemia
  2. Publikace ZČU / UWB Publications
  3. Časopisy ZČU / UWB Journals
  4. Ekonomie a management
  5. 2015
  6. Číslo 2 (2015)