Oceňování, 2018 (vol. 11), issue 2
Articles
Squeeze-out and equitable value
Pavel Kohoutek, Tomáš Podškubka, Jiří Hlaváč
Oceňování 2018, 11(2):3-20 | DOI: 10.18267/j.ocenovani.209 
The article deals with the use of appropriate basis of value, especially for squeeze-out purposes. Recently, an equitable value base has emerged. The first part of the paper presents a summary of the ZNAL and OCE methodology, focusing on choosing the right base of value for squeeze-out purposes. According to the authors, such a base is the market value. For the squeeze-out purposes, the economic logic is not to eliminate the size premium and the lower liquidity premium when estimating a discount rate. Finally the article is dedicated to the first discussion of the possible use of an equitable value base. Approach to an equitable value base is not unambiguously...
Work with valuation date and available information
Veronika Machová, Tomáš Podškubka, Jiří Hlaváč
Oceňování 2018, 11(2):21-28 | DOI: 10.18267/j.ocenovani.210
This paper deals with the topic of work with available information in relation to the valuation date. Firstly, this paper presents the main methodology included in the International valuation standards and in the draft of the standard S1 OP VŠE "Standard for business valuation in the Czech Republic" drawn up by the Institute of business valuation. Secondly, this paper proposes the approach of working with information originated before the valuation date but published thereafter. Also, this paper deals with the role of the expert in the elimination of information asymmetry. Finally, this paper examines what methodology to use if it progresses between...
Towards selected problems valuing assets with an emphasis on business valuation
Miloš Mařík, Pavla Maříková
Oceňování 2018, 11(2):29-43 | DOI: 10.18267/j.ocenovani.211
The article analyses several problematic elements of valuation, which are currently significantly discussed and it proposes some recommendations to them. First of all, it is not possible to require that an expert opinion on the valuation is correct and at the same time unique. It is possible only create national valuation standards, put emphasis on ethics of experts and on compliance with the general principles for the testimonials. Secondly, it is necessary to classify the market value in an international concept to the Czech legislation. It is not appropriate to create various variations of the market value and the common price. Third, the article...
Systematic procedures for the determination of the insurance value of a family house on the Czech insurance market
Lenka Přečková, David Papáček
Oceňování 2018, 11(2):44-59 | DOI: 10.18267/j.ocenovani.212
The topic of the article is related to the insurance industry and the valuation of real property. The subject of the research is valuation procedures required for the calculation of the insurance value of a family house as used by insurance companies in the Czech Republic as of 31 December 2017. The analysis and calculations work with the calculation of the insurance value publicly accessible on the website of the Czech Insurance Association (Česká asociace pojišťoven); at the same time working with the Regulation no. 441/2013 Coll., which implements the Valuation Act. In order to make it possible to evaluate the methods and the insurance values, it...