. . . . "1"^^ . "Structure of owners risk rewards depending on the sector sensitivity to the economic cycle" . "Purpose of the article All national economies go through their economic cycle and partial sectors of these economies go through their market life cycle, too. But the course of the market life cycle does not have to ever be the same as in the case of the economic cycle. So, there exist sectors with different sensitivities to economic cycle. The sector sensitivity can considerably influence many financial quantities, especially quantities describing the entrepreneurial risk, which can be expressed in form of cost of capital. The main aim of this article is to find out the structure of cost of equity, which is required in sectors with different sensitivity to the economic cycle. Methodology/methods There are used and analyzed secondary data for periods from I. 2007 to II. 2011, gotten from materials published by the Czech Statistical Office and the Czech Ministry of Industry and Trade. The sector sensitivity is measured according to the correlation between gross domestic product (GDP), used for consi" . "1"^^ . "TRENDY EKONOMIKY A MANAGEMENTU" . . "RIV/00216305:26510/13:PU104053!RIV14-MSM-26510___" . "[7FF1BDEDB0B9]" . "Kone\u010Dn\u00FD, Zden\u011Bk" . . . "9"^^ . . . "RIV/00216305:26510/13:PU104053" . . "Structure of owners risk rewards depending on the sector sensitivity to the economic cycle"@en . "108414" . . "26510" . "cyclical sectors, neutral sectors, anti-cyclical sectors, market life cycle, economic cycle, owners risk rewards"@en . "CZ - \u010Cesk\u00E1 republika" . "1802-8527" . . "Purpose of the article All national economies go through their economic cycle and partial sectors of these economies go through their market life cycle, too. But the course of the market life cycle does not have to ever be the same as in the case of the economic cycle. So, there exist sectors with different sensitivities to economic cycle. The sector sensitivity can considerably influence many financial quantities, especially quantities describing the entrepreneurial risk, which can be expressed in form of cost of capital. The main aim of this article is to find out the structure of cost of equity, which is required in sectors with different sensitivity to the economic cycle. Methodology/methods There are used and analyzed secondary data for periods from I. 2007 to II. 2011, gotten from materials published by the Czech Statistical Office and the Czech Ministry of Industry and Trade. The sector sensitivity is measured according to the correlation between gross domestic product (GDP), used for consi"@en . "15" . . "VII" . . . "S" . . . "Structure of owners risk rewards depending on the sector sensitivity to the economic cycle" . "Structure of owners risk rewards depending on the sector sensitivity to the economic cycle"@en . .