CONCEPT OF FINANCIAL RENT IN APPLIED ECONOMIC SCIENCES
| Autor: | Oleksandr Petruk, Tetiana Osadchaya, Oksana Novak |
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| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: | |
| Zdroj: | European Cooperation, Vol 8, Iss 15, Pp 217-229 (2017) |
| ISSN: | 2449-8726 2449-7320 |
| Popis: | The article analyzes the approaches to the definition of financial rent. Established that in the scientific literature prevailing view that financial rent includes all cash flows, which are generated by financial instrument. At the same time, this interpretation is controversial because both the loan and the security for the periodic payments may include interest and cancellation of principal value, beside this, in certain cases, there is an irregular income from exchange rate differences on securities, which complicates the identification of financial rent. The article identifies the financial rent as received additional income in the form of positive exchange rate differences on securities, arising in result of their resale. Offered a procedure for calculating the financial rent on the main securities, traded on the stock market. Proposals will accurately identify financial rent and its impact on the market value of the company from the perspective of the issuer, and evaluate the effectiveness of investment decisions taken on the position of securities investor. |
| Databáze: | OpenAIRE |
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