Alternative costs of equity of coal mining companies taking into account a context of the Russian Invasion into Ukraine

Abstract

The aim of work was to evaluate the alternative costs of equity of mining companies in the Czech Republic from 2011 to 2021 and to predict the development of costs structure of equity in the following five years. The calculation of Capital Asset Pricing Model (CAMP) model was selected to deal with the issue of alternative costs of equity in the monitored period and multi-layer perceptron networks were selected for the prediction of development. The achieved results clearly demonstrate the ratio of capital structure and its prediction in the future. The research is useful for energy enterprises and a possibility to use it in another sector is obvious.