Principles of private firm valuation

Stanley J. Feldman

A complete explanation of the issues that determine private firm valuePrinciples 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

MoreLess

Year of publication:	c2005
Authors:	Feldman, Stanley J.
Publisher:	Hoboken, N.J : John Wiley & Sons
Subject:	Unternehmensbewertung \| Firm valuation \| Marktwert \| Market value \| KMU \| SME \| Fair-Value-Bilanzierung \| Fair value accounting
Description of contents:	Table of Contents [external.dandelon.com]

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

Extent:	Online-Ressource (x, 179 p) ill 24 cm
Series:	Wiley Finance Ser ; v.251 Wiley finance
Type of publication:	Book / Working Paper
Language:	English
Notes:	Includes bibliographical references and index Series statment on jacket Principles of Private Firm Valuation; Contents; Preface; Chapter 1: The Value of Fair Market Value; FAIR MARKET VALUE: THE MEANING FOR THE VALUE OF PRIVATE FIRMS; FMV AND THE VALUES OF CONTROLLING AND MINORITY INTERESTS; FMV AND STRATEGIC VALUE; SUMMARY; Chapter 2: Creating and Measuring the Value of Private Firms; THE MVM; MEASURING THE CONTRIBUTION OF STRATEGY TO FIRM VALUE; THE CONTROL GAP; PRIVATE FIRM VALUE AND TRANSPARENCY; SUMMARY; Chapter 3: The Restructuring of Frier Manufacturing; INITIATING THE VALUE CIRCLE FRAMEWORK; INTERNAL OPPORTUNITIES; RESTRUCTURING FRIER MANUFACTURING THE FINAL DEAL STRUCTURETHE CONTROL VALUE; Chapter 4: Valuation Models and Metrics; DEFINING CASH FLOW FOR VALUATION PURPOSES; THE GENERAL VALUATION FRAMEWORK; DISCOUNTED CASH FLOW OR THE METHOD OF MULTIPLES: WHICH IS THE BEST VALUATION APPROACH?; SUMMARY; Chapter 5: Estimating the Cost of Capital; THE COST OF EQUITY CAPITAL; CALCULATING BETA FOR A PRIVATE FIRM; THE COST OF DEBT; THE COST OF PREFERRED STOCK; SUMMARY; Chapter 6: The Value of Liquidity; DOES LIQUIDITY AFFECT ASSET PRICES? SETTING THE STAGE; MEASURING ILLIQUIDITY IN THE PUBLIC SECURITY MARKETS; EVENT STUDY METHODOLOGY STUDIES OF THE LIQUIDITY DISCOUNTIS THE LIQUIDITY DISCOUNT GREATER IN A CONTROL TRANSACTION?; SUMMARY AND CONCLUSIONS; Chapter 7: Estimating the Value of Control; THE TAKEOVER MARKET FOR PRIVATELY HELD FIRMS; THE TAKEOVER MARKET FOR FAMILY-OWNED BUSINESSES; ESTIMATING THE CONTROL PREMIUM; A PRELIMINARY TEST OF THE MODEL; SUMMARY; APPENDIX 7A: ESTIMATING PRIVATE FIRM VOLATILITY; APPENDIX 7B: THE DATA; Chapter 8: Taxes and Firm Value; DOUBLE TAXATION AND THE VALUE OF S AND C CORPORATIONS; NON-INCOME-TAX FACTORS THAT AFFECT THE SIZE OF THE S PREMIUM; INVESTMENT AND THE S TAX ADVANTAGE CAPITAL CONSTRAINTS AND THE VALUE OF C AND SCAPITAL GAINS TAXATION AND THE VALUE OF FREESTANDING S AND C CORPORATIONS; OPTIMAL ACQUISITION STRUCTURES FOR FREESTANDING C AND S FIRMS: THE IMPACT OF THESE STRUCTURES ON PREACQUISITION PRICES; TAX-FREE ACQUISITIONS OF FREESTANDING C CORPORATIONS; TAX STRUCTURES AND DIVESTITURES; DO ACQUISITION PRICES REFLECT THE VALUE OF TAX ATTRIBUTES?; SUMMARY; APPENDIX 8A: ACQUIRERS' INDIFFERENCE PRICE EQUATIONS; Chapter 9: Valuation and Financial Reports; TESTING FOR GOODWILL IMPAIRMENT; QUESTION OF VALUE; SUMMARY; Notes; Index Electronic reproduction; Available via World Wide Web
ISBN:	0-471-48721-X ; 978-0-471-48721-0
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012673306