Firm valuation in Brazil: evidence of overvaluation in the valuation reports

Accounting Firm Reputation and Company Valuation Practices: The UK Evidence

Moizer (1997) summarises the evidence on audit firm reputation in financial communities, noting that there is considerable evidence that Big Six firms are differentiated from other firms. These audit firms are the same group of firms we refer to as “professional accountancy firms” in the context of their more general role in providing a range of accountancy services. In this paper, we argue tha...

Corporate Governance and Firm Valuation in Colombia

Agency Problems, Firm Valuation, and Capital Structure

This paper studies the optimal contracting problem in a general cashow setup, and offers a framework to quantitatively assess the impact of agency problems. A closed form solution is obtained in the square-root mean-reverting cash ow process. In the geometric Brownian cashow setup, we embed the agency problem into Leland (1994), and nd that the debt-overhang problem lowers the optimal leverage....

The Sustainability Delta: Considering Sustainability Opportunities in Firm Valuation

In this paper we present the Sustainability Delta model as an improvement over existing environmental, social and governance (ESG) methodologies used in firm valuation. Starting from the question of how banks should integrate sustainability criteria into their valuation methods, we find that ESG methodologies currently do not consider the potential to generate higher future revenues due to sust...

Economic Valuation of the Shadegan Wetland

The Shadegan Wetland is located in the southwest of Iran. It is one of the wetlands internationally registered in the Ramsar Convention. Thanks to its variety of functionalities this wetlands has provided the local people with lots of job opportunities. Nowadays, as a result of located in the oil fields, this wetland is threatened by many of the projects run in its vicinity, like oil exploratio...