To make decisions regarding the advisability of agreements on mergers and acquisitions (M&A) it is necessary to assess synergistic effect. The paper emphasis on the important issues of practical application of evaluation methods, which are often left unconsidered by the appraisers. Indicated is...

Studies on real estate economics neglected the relationship between hedonic prices and capitalization rate, thus considering the hedonic models and the income approach as two separate and alternative appraisal methods. In this short theoretical paper we show that integration is possible and...

В статье рассматривается сущность и необходимость определения рыночной стоимости предприятия в современных рыночных условиях. Раскрыто понятие «предприятие»...

Zur Ermittlung der Kompensationsleistung bei aktienrechtlichen Strukturmaßnahmen (z.B. Squeeze-out) ist der Unternehmens- bzw. Anteilswert zu ermitteln. Hierfür wird nahezu ausschließlich das Ertragswertverfahren angewandt. Als problematisch gilt hierbei unter anderem die Prognoseunsicherheit...

Проанализированы различные виды стоимостных показателей активов и обязательств. Представлены оценочные показатели различных видов отчетности: финансовой,...

In this article peculiarities of existing approaches to the assessment of the results of corporate mergers and acquisitions areinvestigated, advantages and disadvantages of their application in the banking sector are identified, the algorithm of synergyeffect from the merger of banks is...

During the past few years there have been many changes in financial reporting rules in EU countries. One significant change from the real estate point of view has taken place in balance sheet, where property investment account is switched to the asset side of the balance sheet, separate from the...

Of all of the businesses in the Nation about .5% could be classified as actively traded, the other 99.5% require special treatment for valuation purposes. A number of the important issues are reviewed, all of which should be understood by all Attorneys who could have clients involved in business...

Valuation methods are usually divided into sales comparison, income and cost approach. A problem with this categorization is that direct capitalisation methods often are classified as part of an income approach as the same time as they can be based on comparable sales. In the proposed...

Both our and foreign practice prefer the discounted cash flow method for business valuation. The article analyses some relations between the discounted cash flow method and other income methods based not on cash flows but on earnings. Especially the economic value added method and the...