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This study presents the valuation scheme of a flexographic printing industry firm. The industry, the technology used and most importantly the firm being young ones, it is not possible to use the classical comparable valuation methods. The new approach in this matter is to use as benchmark...
Persistent link: https://www.econbiz.de/10008829799
The purpose of this paper is to analyze the mergers and acquisitions waves that marked the European Union and to … acquisitions while in Europe they were less pronounced until the '60s, when increasing interdependence of economies favored … acquisitions that Europe experienced in the late 80s (1987-1991) represented, in fact, the first truly European wave. The next M …
Persistent link: https://www.econbiz.de/10010733826
acquisitions in Romania and Romanian stock market, described by the BET and BET-C indexes. By using the Granger causality test for … the number of mergers and acquisitions, the research results suggest that, for the market and period considered, one way …
Persistent link: https://www.econbiz.de/10008829746
The present study proposes an analysis of the main views expressed in the literature on financial policy, as well as the shaping of our own, clear and comprehensive vision, regarding the content of this concept. The main objective of our research is to clarify the content of the financial policy...
Persistent link: https://www.econbiz.de/10009366174
This paper addresses a topic of great contemporaneity and of particular importance, namely the extent to which the creation of value is achieved at micro level through the cash flow. Thus, after a brief introduction, there are given short feedbacks on two
Persistent link: https://www.econbiz.de/10008511840
The selection of the financing sources of an enterprise constitutes a major problem for the managerial finance field with influences over the economic-financial performances. The theoretical and practical studies did not provide to the scientific research field the proper identification of the...
Persistent link: https://www.econbiz.de/10008787387
In this paper, we have presented a corporate valuation model. The model combine several valuation methods in order to get more accurate results. To determine the corporate asset value we have used the Gordon-like two-stage asset valuation model based on the calculation of the free cash flow to...
Persistent link: https://www.econbiz.de/10008829692
The purpose of this paper is to reflect the behavioral aspects that govern corporations. The paper briefly presents some of the main pillars of behavioral corporate finance: management, closed – end funds puzzle, dividends and the importance of aggregate earnings releases. The first pillar...
Persistent link: https://www.econbiz.de/10010617374
Corporate Governance has particular importance and relevance for the good management and governance of the companies. Even the disruption between the owners and the executives has been widely recognised since many decades, the frauds and manipulations we have witnessed in the 90s and later...
Persistent link: https://www.econbiz.de/10011150731
In the knowledge-based economy the fundamental determinants of the enterprise value, in the present, have an intangible nature. The intangible investments are the most important factors of the enterprise success. Wealth, growth and welfare are driven nowadays by intangible investments. The...
Persistent link: https://www.econbiz.de/10009366203