The Economics Of Business Valuation PDF Download
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| Author | : Patrick Anderson |
| Publisher | : Stanford University Press |
| Total Pages | : 441 |
| Release | : 2013-04-10 |
| Genre | : Business & Economics |
| ISBN | : 0804783225 |
Download The Economics of Business Valuation Book in PDF, ePub and Kindle
For decades, the market, asset, and income approaches to business valuation have taken center stage in the assessment of the firm. This book brings to light an expanded valuation toolkit, consisting of nine well-defined valuation principles hailing from the fields of economics, finance, accounting, taxation, and management. It ultimately argues that the "value functional" approach to business valuation avoids most of the shortcomings of its competitors, and more correctly matches the actual motivations and information set held by stakeholders. Much of what we know about corporate finance and mathematical finance derives from a narrow subset of firms: publicly traded corporations. The value functional approach can be readily applied to both large firms and companies that do not issue publicly traded stocks and bonds, cannot borrow without constraints, and often rely upon entrepreneurs to both finance and manage their operations. With historical side notes from an international set of sources and real-world exemplars that run throughout the text, this book is a future-facing resource for scholars in economics and finance, as well as the academically minded valuation practitioner.
| Author | : Thomas L. West |
| Publisher | : Wiley |
| Total Pages | : 0 |
| Release | : 1999-08-16 |
| Genre | : Business & Economics |
| ISBN | : 9780471297871 |
Download Handbook of Business Valuation Book in PDF, ePub and Kindle
The most complete guide to business valuation written by industry-leading valuation specialists! Handbook of Business Valuation Second Edition In this thoroughly revised and updated edition of the number-one guide to business valuation, nearly 50 experts provide expert advice and guidance on all facets of the subject. This is a single-source guide to valuation approaches and methods, in addition to all of the procedures necessary to accurately value a business. The Second Edition of the Handbook of Business Valuation enables you to find precisely the information you need; just go directly to the chapter concerning the topic you are interested in. There is no need to read the entire volume-it's quick and easy. This is the only valuation book you need. It provides chapters on valuing specific businesses, such as: software companies, radio and cable stations, medical practices, home-based businesses, and many more, plus a special chapter on researching business valuation information on the Internet. * An entire chapter on commonly used rules of thumb * Business valuation from the perspective of the buyer, seller, lawyer, lender, and others * All updated information, plus much that's new * Important sections on family limited partnerships, intellectual property issues, minority interests, and much more
| Author | : Marco Fazzini |
| Publisher | : Springer |
| Total Pages | : 227 |
| Release | : 2018-06-06 |
| Genre | : Business & Economics |
| ISBN | : 3319894943 |
Download Business Valuation Book in PDF, ePub and Kindle
This book provides an applied theoretical approach to modern day business valuation. It combines elements from both finance and accounting to help practitioners identify the most suitable method for analysis, showing when and how methods can be applied in different contexts and under specific constraints. It describes how business valuation techniques can be applied to calculate value in case of transactions, litigation, IPOs, and the fair value under an IFRS framework. The purpose of this book is to offer a guideline for the application of an integrated approach, thereby avoiding "copy and paste" valuations, based on pre-packaged parameters and the uncritical use of models. Specifically, an Integrated Valuation Approach (IVA) should be adopted that encompasses, within any specific method, a wide range of elements reflecting the characteristics and specificities of the firm to be valued. The book is based on the International Valuation Standards issued by the International Valuation Standards Council. Valuation standards allow for an alignment of both the methods and their application, providing a common basis for valuers.
| Author | : Chris M. Mellen |
| Publisher | : John Wiley & Sons |
| Total Pages | : 343 |
| Release | : 2010-05-11 |
| Genre | : Business & Economics |
| ISBN | : 0470648813 |
Download Valuation for M&A Book in PDF, ePub and Kindle
Discover the tools necessary to determine what your company's value is, what drives its value, and how to enhance that value during an M&A transaction. The only book to focus on valuation specifically for mergers and acquisitions, Valuation For M&A: Building Value in Private Companies, Second Edition lays out the steps for measuring and managing value creation in privately held businesses. This groundbreaking work led directly to authors Chris M. Mellen and Franck C. Evans being named the joint 2010 AM&AA Middle Market Thought Leader of the Year by the Alliance of Merger & Acquisition Advisors, and its thorough overview of the subject: Recognizes a company as an investment and explains how to manage that value to maximize shareholder returns, focusing on returns, risks, and capital invested Explains investment or strategic value versus fair market value and provides a document request checklist; sample interview questions; and formats for adjusting financial statements, developing discount rates, the computation of net cash flow; and a valuation reconciliation form Includes a comprehensive case study to illustrate concepts and calculations Now covers fair value accounting and the impact of SFAS Nos. 141, 142, and 157 and their IFRS counterparts, intangible asset valuation techniques, exit planning, international M&As, and venture backed/early stage companies Showing corporate executives as well as M&A professionals and business appraisers how to value privately-held businesses for merger and acquisition purposes, this book helps investors, executives, and their advisors determine the optimum strategy to enhance both market value and strategic value to maximize return on investment.
| Author | : Z. Christopher Mercer |
| Publisher | : John Wiley & Sons |
| Total Pages | : 519 |
| Release | : 2020-10-20 |
| Genre | : Business & Economics |
| ISBN | : 1119583098 |
Download Business Valuation Book in PDF, ePub and Kindle
A guide that demystifies modern valuation theory and shows how to apply fundamental valuation concepts The revised and updated third edition of Business Valuation: An Integrated Theory explores the core concepts of the integrated theory of business valuation and adapts the theory to reflect how the market for private business actually works. In this third edition of their book, the authors—two experts on the topic of business valuation—help readers translate valuation theory into everyday valuation practice. This important updated book: Includes an extended review of the core concepts of the integrated theory of business valuation and applies the theory on a total capital basis Explains “typical” valuation discounts (marketability and minority interest) and premiums (control premiums) in the context of financial theory, institutional reality and the behavior of market participants Explores evolving valuation perspectives in the context of the integrated theory Written by two experts on valuation theory from Mercer Capital The third edition of Business Valuation is the only book available regarding an integrated theory of business valuation—offering an essential, unprecedented resource for business professionals.
| Author | : Stanley J. Feldman |
| Publisher | : John Wiley & Sons |
| Total Pages | : 192 |
| Release | : 2005-04-06 |
| Genre | : Business & Economics |
| ISBN | : 047148721X |
Download Principles of Private Firm Valuation Book in PDF, ePub and Kindle
A complete explanation of the issues that determine private firm value Principles of Private Firm Valuation combines recent academic research and practical real-world experience to help readers better understand the multitude of factors that determine private firm value. For the financial professional serving private firms-who are increasingly being called upon to give advice on issues related to firm valuation and deal structure-this comprehensive guide discusses critical topics, including how firms create value and how to measure it, valuing control, determining the size of the marketability discount, creating transparency and the implications for value, the value of tax pass-through entities versus a C corporation, determining transaction value, and the valuation implications of FASB 141 (purchase price accounting) and 142 (goodwill impairment). Dr. Stanley J. Feldman (Lowell, MA) is Associate Professor of Finance at Bentley College, where he currently teaches courses in corporate finance with a focus on business valuation and business strategy at both the graduate and undergraduate levels. He is a member of the FASB Valuation Resource Group and is Chairman and cofounder of Axiom Valuation Solutions.
| Author | : Peter C. Dawson |
| Publisher | : Peter C. Dawson Publishing |
| Total Pages | : 452 |
| Release | : 2010-09 |
| Genre | : Business & Economics |
| ISBN | : 9780984491902 |
Download The Economics of Business Valuation Discounts and the Competitive Risk-Return Paradigm Book in PDF, ePub and Kindle
"Conventional business valuation theory and practice may be, in some respects, disconnected from economic theory. Economics underlies much of business valuation theory and practice, yet there appears to be surprisingly little explanation of how it fits into and underlies the typical business valuation analysis. Indeed, analyses of market value are inextricably linked to an underlying foundation of Economics, since market value (and price) is a function of the interaction of market supply and demand. Economics has a prominent role in determining market value, including Fair Market Value, and thus should not, in the present author's opinion, be regarded as peripheral to business valuations. From a larger perspective, this text attempts to link and integrate business valuation theory and practice with its economic underpinnings in formal and explicit ways. Another focus of this text is the practical application of accepted economic principles to the estimation of the Fair Market Value of minority (i.e., non-controlling) interests in closely-held family limited partnerships (FLPs) under the Fair Market Value Standard (FMVS). This text discusses in detail the computation of the Fair Market discount for minority FLP interests--and, more generally, for minority closely-held business interests"--
| Author | : Z. Christopher Mercer |
| Publisher | : John Wiley & Sons |
| Total Pages | : 291 |
| Release | : 2007-09-24 |
| Genre | : Business & Economics |
| ISBN | : 0470178663 |
Download Business Valuation Book in PDF, ePub and Kindle
Praise for Business Valuation: An Integrated Theory, 2nd Edition "The Second Edition of Business Valuation: An Integrated Theory manages to present the theoretical analysis of valuation from the first edition and expand on that discussion by providing additional guidance on implementing the relevant valuation theories, notably in its expanded discussion of the Quantitative Marketability Discount Model." —Dr. David Tabak, NERA Economic Consulting Your Essential Valuations Reference Whether you are an accountant, auditor, financial planner, or attorney, Business Valuation: An Integrated Theory, 2nd Edition enables you to understand and correctly apply fundamental valuation concepts. Thoroughly revised and expanded, the Second Edition demystifies modern valuation theory, bringing together various valuation concepts to reveal a comprehensive picture of business valuation. With the implementation of new accounting pronouncements mandating the recognition of numerous assets and liabilities at fair value, it has become critical for CPAs charged with auditing financial statements to understand valuation concepts. With thoughtful and balanced treatment of both theory and application, this essential guide reveals: The "GRAPES of Value"-Growth, Risk and Reward, Alternative Investments, Present Value, Expectations, and Sanity The relationship between the Gordon Model and the discounted cash flow model of valuation The basis for commonly applied, but commonly misunderstood valuation premiums and discounts A practical perspective on the analysis of potential business acquisitions Grounded in the real world of market participants, Business Valuation, 2nd Edition addresses your need to understand business valuation, providing a means of articulating valuation concepts to help you negotiate value-enhancing transactions. If you want to get back to valuation basics, this useful reference will become your guide to defining the various levels of value and developing a better understanding of business appraisal reports.
| Author | : Robert F. Reilly |
| Publisher | : McGraw Hill Professional |
| Total Pages | : 610 |
| Release | : 1999-09-15 |
| Genre | : Business & Economics |
| ISBN | : 9780071379038 |
Download The Handbook of Advanced Business Valuation Book in PDF, ePub and Kindle
International cost of capital...blockage discounts . . . valuation issues unique to ESOPs...specific valuation issues for sports teams...capital structure in emerging growth companies...methods for calculating equity risk premiums...These days, understanding the complex issues in advanced business valuation requires a team of experts. The HANDBOOK OF ADVANCED BUSINESS VALUATION is your team of valuation experts—nationally recognized practitioners and legal minds from across the country who provide authoritative answers and innovative solutions to your most perplexing valuation questions. Structured in a user-friendly, general-to-specific arrangement, The HANDBOOK OF ADVANCED BUSINESS VALUATION represents a broad cross section of the latest conceptual thinking on the subject. Only in this thought-provoking volume will you find: Abstracts and interpretations of recent empirical studies in lack of marketability, blockage, and more; In-depth treatment of specialized valuation issues from many industries—including healthcare, technology, and sports franchises; Lucid, intuitive explanations of complex and esoteric procedures for intercompany transfer pricing analyses and ad valorem property tax appraisals. Like its predecessor volume VALUING A BUSINESS—which covered basic business valuation concepts and practices in authoritative, all-encompassing fashion—The HANDBOOK OF ADVANCED BUSINESS VALUATION provides a new benchmark of advanced, contemporary discussions for investors and experienced business valuation practitioners. Valuation experts from PricewaterhouseCoopers, Ernst & Young, Willamette Management Associates, Arthur Andersen, American Appraisal Associates, and more combine their expertise in this well-written, thoughtful, and convincing reference—one with absolutely no close rival in the flourishing field of business valuation and security analysis.
| Author | : Jeffrey C. Hooke |
| Publisher | : John Wiley & Sons |
| Total Pages | : 460 |
| Release | : 1998-04-06 |
| Genre | : Business & Economics |
| ISBN | : 9780471177418 |
Download Security Analysis on Wall Street Book in PDF, ePub and Kindle
Table of Contents
