Financial Environment and Business Development

Abstract

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Natural resources as an assessment factor in alternative GDP dynamics

“…There have been also several attempts to consider GDP as a synthetic indicator which is dependent upon the prices for major consumer commodities and business cycles dynamics [4,5], or as dependable upon fluctuations in real estate prices [6], to interpret GDP in the light of monetary policy of the state (in particular, state policies in relation to reserves, internal and external debts) [7], to analyze GDP in the context of national spending on R&D and in relation to labour productivity [8].…”

Quantitative Storytelling in the Making of a Composite Indicator

“…As discussed in Becker et al (2017), human well-being and progress are areas in which composite indicators are popular, covering themes from happiness-adjusted income to environmentally adjusted income, from child development to information and communication technology. They are also used in the analysis of innovation (Balcerzak and Pietrzak 2017a; Dutta, Lanvin and Wunsch-Vincent 2018; Hausken and Moxnes 2019; Żelazny and Pietrucha 2017), analysis of real estate markets (Małkowska and Głuszak 2016), countries' competitiveness (Cheba and Szopik-Depczynska 2017; World Bank 2019; Kruk and Waśniewska 2017; Schwab 2019), socio-economic development (Bartkowiak-Bakun 2017; Mazziotta and Pareto 2016), the quality of institutions (Balcerzak and Pietrzak 2017b), sustainable development (Balcerzak and Pietrzak 2017c;Luzzati and Gucciardi 2015;Semenenko et al 2019), the standard of living (Greyling and Tregenna 2017;Kuc 2017), well-being (Barrington-Leigh and Escande 2018; Chaaban et al 2016; Peiro-Palomino and Picazo-Tadeo 2018) and many others (Aparicio and Kapelko 2019; Capecchi and Simone…”

The Marketability Discount in Spanish Valuation Multiples: Investors’ Perception in Listed Companies Versus Private Transactions

“…The use of market valuation multiples has become very important (Covrig & McConaughy, 2015;Dong, Jiao, & Sun, 2017;Ferraro, 2017;Serra & Fávero, 2017;Gupta, 2018). Its use is recommended by both international accounting standard (IFRS 13) and by the main international asset valuation guidelines (EVCA).…”