The economics of business valuation: towards a value functional approach
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Bibliographische Detailangaben
1. Verfasser: Anderson, Patrick L. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Stanford, California Stanford Economics and Finance, an imprint of Stanford University Press [2012]
Schlagworte:
Online-Zugang:Volltext
Beschreibung:Includes bibliographical references and index
Modern value quandaries -- Theories of value -- The failure of the neoclassical investment rule -- The nature of the firm -- The organization and scale of private business -- Accounting for the firm -- Value in classical economics -- Value in neoclassical economics -- Modern recursive equilibrium and the basic pricing equation -- Arbitrage-free pricing in complete markets -- Portfolio pricing methods -- Real options and expanded net present value -- Traditional valuation methods -- Practical application of the income method -- The value functional : theory -- The value functional : applications -- Applications : finance and valuation -- Applications : law and economics
For decades, the traditional approaches to business valuation (market, asset, and income) have taken centre stage in the assessment of the firm. This book presents an expanded valuation toolkit, consisting of nine well-defined valuation principles hailing from the fields of economics, finance, accounting, taxation, and management. It ultimately argues that the 'value functional' approach to business valuation avoids most of the shortcomings of its competitors, and more correctly matches the actual motivations and information held by stakeholders
Beschreibung:1 Online-Ressource (xvi, 424 pages .)
ISBN:0804783225
9780804783224

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