Dynamic methods of enterprise valuation
Dynamic methods of enterprise valuation
Author(s): Ioan DumitreanSubject(s): Business Economy / Management, International relations/trade, Financial Markets, Accounting - Business Administration
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: Free Cash – Flow method; Available Cash – Flow method; Irving – Fisher model; Gordon – Shapiro model; Bates model; Molodovski Model; Holt model; PER; EVA; MVA;
Summary/Abstract: As opposed to the patrimonial assessment methods, which have the disadvantage of being static and past-oriented, the dynamic methods of assessing a company or a business take more into account its future than its present or its past. This paper aims at discussing these dynamic evaluation methods, including those which are specific to the companies listed on the Stock Exchange Market, including the representation of mathematical models which characterize them and by using numerical examples. We expect different values for the same enterprises, depending on the valuation method used.
Journal: Analele Ştiinţifice ale Universităţii »Alexandru Ioan Cuza« din Iaşi. Ştiinţe economice
- Issue Year: 56/2009
- Issue No: 1
- Page Range: 10-26
- Page Count: 17
- Language: English