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An Empirical Examination of SBA Guaranteed Loans: Rates, Collateral, Agency Costs, and the Time to Obtain the Loan

Brau, James C.; Osteryoung, Jerome S. - In: Journal of Entrepreneurial Finance 6 (2001) 1, pp. 1-23

considered include the number of days required to obtain the SBA loan, management assistance services, agency theory, interest …

Persistent link: https://www.econbiz.de/10011310372

A Robust Valuation Model for Entrepreneurial Ventures

Kedar-Levy, Haim - In: Journal of Entrepreneurial Finance 16 (2013) 2, pp. 57-74

statements, and to valuation models. The resulting estimated firm value is less sensitive to exogenous parameter assumptions than …

Persistent link: https://www.econbiz.de/10010762507

The Valuation Effects of Private Placements of Public Corporations' Common Stock

McDaniel, W. R.; McDaniel, William R. - In: Journal of Entrepreneurial Finance 1 (1992) 3, pp. 205-220

Outside shareholders should benefit when the firm issues common stock through a private placement. Our propositions are (1) that the private issue of common equity creates a value-maximizing insider that has the incentive and ability to monitor and discipline, and thereby reduce agency costs and...

Persistent link: https://www.econbiz.de/10010765305

Some Potential Means for Venture Valuation

Stummer, Wolfgang - In: Journal of Entrepreneurial Finance 7 (2002) 3, pp. 39-52

In some modern venture valuation approaches, option pricing theory plays an important role. The aim of this paper is to … that can be obtained by observing the sample path of X . Furthermore, we also show some connections with the valuation of …

Persistent link: https://www.econbiz.de/10010765320

Valuation of Closely-Held Firms: Another Look

Dukes, William P.; Bowlin, Oswald D. - In: Journal of Entrepreneurial Finance 2 (1993) 3, pp. 189-202

For the most part, closely-held firms must be valued using proxies for market data which are not available. Valuation …

Persistent link: https://www.econbiz.de/10010790661

The Effects of Early Stage Venture Capitalist Actions on Eventual Venture Disposition

Busenitz, Lowell W.; Fiet, James O. - In: Journal of Entrepreneurial Finance 5 (1996) 2, pp. 97-114

This study examines the relationship between venture capitalist actions and the eventual disposition of a venture through an IPO, which is the most profitable exit strategy. The actions included in this study were ( 1) altering the amount of their investment; ( 2) securing a concentrated...

Persistent link: https://www.econbiz.de/10010790675

Financing Internal Buyouts of Private Companies: SCIN Attractive If Valuation Issues Can Be Resolved

Crain, Terry; Hamill, James - In: Journal of Entrepreneurial Finance 4 (1995) 2, pp. 129-42

In planning for succession of ownership, oftentimes the owner of a private business seeks to sell the business to either family members or employees. Arranging outside financing may be difficult or costly, making internal financing attractive. Self-cancelling installment notes (SCINs) provide an...

Persistent link: https://www.econbiz.de/10010790687

Valuation of Early-Stage Ventures: Option Valuation Models vs. Traditional Approaches

Keeley, Robert H.; Punjabi, Sanjeev; Turki, Lassaad - In: Journal of Entrepreneurial Finance 5 (1996) 2, pp. 115-38

This paper presents a new method for valuing early stage ventures, a method which views new ventures as multi-stage call options. It examines the traditional methods for valuing such ventures--the ubiquitous Discounted Cash Flow (DCF) Method using a risk adjusted discount rate, and the Venture...

Persistent link: https://www.econbiz.de/10010790692

Fluid Measure and Disbursement: Valuation of a Closely-Held Firm

Dukes, William P. - In: Journal of Entrepreneurial Finance 4 (1995) 2, pp. 165-89

traded. This case is hypothetical, but the valuation issues pertaining to many of those closely-held firms are real. The case … actively traded” price, and valuation treatment of excess assets not needed in the operation of the firm. The desire for market … sometimes less than complete information pertaining to valuation issues for closely-held business. Some of these techniques are …

Persistent link: https://www.econbiz.de/10010790703

Control Premiums and the Value of the Closely-Held Firm

Schubert, Walt; Barenbaum, Les - In: Journal of Entrepreneurial Finance 1 (1991) 2, pp. 155-159

This paper demonstrates that control premiums are warranted in the valuation of closely-held firms when perquisites …

Persistent link: https://www.econbiz.de/10010790717