valuation of companies

نویسندگان

ویدا مجتهد زاده

دکتر علی جهانخانی

چکیده

before making decisions about the investment and financing the companies. it is necessary to know how the value of a company is determined. in this article three valuation methods are discussed: 1) value dirver method. 2) free cash flow method 3) economic value added method. in these methods the factors affecting the value of companies such as operating rate of return, cost of capital. amount of investment, duration of investment, the rate of return, and the capital structure are explained.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

An Improved Valuation Model for Technology Companies

This paper estimates some of the parameters of the Schwartz and Moon (2001)) model using cross-sectional data. Stochastic costs, future financing, capital expenditures and depreciation are taken into account. Some special conditions are also set: the speed of adjustment parameters are equal; the implied half-life of the sales growth process is linked to analyst forecasts; and the risk-adjustmen...

متن کامل

Valuation of Internet companies: A Survey of the Evidence

In this article, we review the recent academic research on the valuation of Internet companies. In particular, we focus on the valuation method(s) which were said to be suitable for new economy start ups in the boom years 1998-2000, and conclude that they were neither novel nor very accurate. Since the downturn in the sector, the valuation focus has returned to advanced fundamental valuation me...

متن کامل

The Valuation of Internet Companies: the Real Options Approach

The valuation of a company is difficult, even for companies which evolve in a well-known, mature industry. The problem is far more comple , when the firm is a new born start-up company, where the traditional methods based on future free cash flows are difficult to apply, given the difficulties of estimating the future cash flows. In addition, with the start up companies, we are confronted with ...

متن کامل

SCORECARD VALUATION METHODOLOGY Establishing the Valuation of Pre-revenue, Start-up Companies

This article was originally written in May 2001 and extensively revised in January 2011. The valuation method described herein was also detailed in my book, the Definitive Guide to Raising Money from Angels (2006). The Ohio TechAngels adapted this valuation methodology in 2008 to meet their needs and named it the Bill Payne Method. I expanded the method in 2010 for use in Valuation of Early Sta...

متن کامل

Valuation of Early Stage High-tech Start-up Companies

Valuating start-ups, especially at early stages, is a challenge given the lack of historical data and many uncertain factors about the future. This article presents a methodology for the valuation of early stage start-ups that we have proven in practice. The risk linked to a start-up is expressed through an individual beta coefficient as important component of the discounting factor within a di...

متن کامل

Simulation discounted cash flow valuation for internet companies

Discounted cash flow (DCF) is the most accepted approach for company valuation. It is well grounded in theory and practice. However, the DCF approach, which is commonly used for traditional companies valuation, presents a number of serious weaknesses within the Internet companies’ context. One of these weaknesses is tackling the uncertainty that characterize future cash flows of these companies...

متن کامل

منابع من

با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید


عنوان ژورنال:
تحقیقات مالی

جلد ۳، شماره ۱، صفحات ۰-۰

کلمات کلیدی

میزبانی شده توسط پلتفرم ابری doprax.com

copyright © 2015-2023