Business valuation: an integrated theory
"More than a decade after the publication of Business Valuation: An Integrated Approach, second edition, the core concepts of the integrated theory remain the same. Business value, at any level, is a function of expected cash flows, expected risk, and the expected growth of the cash flows. The...
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| Main Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Hoboken, New Jersey
Wiley
[2021]
|
| Edition: | Third edition |
| Subjects: | |
| Online Access: | FCO01 FHD01 |
| Summary: | "More than a decade after the publication of Business Valuation: An Integrated Approach, second edition, the core concepts of the integrated theory remain the same. Business value, at any level, is a function of expected cash flows, expected risk, and the expected growth of the cash flows. The second edition was written from the perspective of valuing the net equity of companies. As a result, the emphasis was on equity cash flows and equity discount rates. This analysis remains valid and will be extended. However, during this time, there has been an increasing awareness among appraisers that private companies are bought and sold on an enterprise value basis, inclusive of equity and debt, and not with reference to net equity value alone. The third edition will extend the analysis and concepts to an enterprise value basis. The basic theory of the second edition will be extended to incorporate enterprise cash flows (to equity and debt), enterprise discount rates and the weighted average cost of capital, and enterprise growth rates. This new edition will feature increased emphasis on the discounted cash flow method in the development of enterprise level values for businesses"-- |
| Item Description: | Includes index |
| Physical Description: | 1 Online-Ressource (xix, 492 Seiten) |
| ISBN: | 9781119583110 9781119583134 |
Staff View
MARC
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| 500 | |a Includes index | ||
| 505 | 8 | |a The World of Value -- The Integrated Theory (Equity Basis) -- The Integrated Theory (Enterprise Basis) -- Income Approach (Cash Flows) -- Income Approach (Discount Rate) -- Market Approach (Guideline Public Companies) -- Market Approach (Guideline Transactions) -- Restricted Stock Discounts and Pre-IPO Studies -- Introduction to the QMDM -- The QMDM Assumptions in Detail -- Applying the QMDM -- Applying the Integrated Theory to Tax Pass-Through Entities | |
| 520 | |a "More than a decade after the publication of Business Valuation: An Integrated Approach, second edition, the core concepts of the integrated theory remain the same. Business value, at any level, is a function of expected cash flows, expected risk, and the expected growth of the cash flows. The second edition was written from the perspective of valuing the net equity of companies. As a result, the emphasis was on equity cash flows and equity discount rates. This analysis remains valid and will be extended. However, during this time, there has been an increasing awareness among appraisers that private companies are bought and sold on an enterprise value basis, inclusive of equity and debt, and not with reference to net equity value alone. The third edition will extend the analysis and concepts to an enterprise value basis. The basic theory of the second edition will be extended to incorporate enterprise cash flows (to equity and debt), enterprise discount rates and the weighted average cost of capital, and enterprise growth rates. This new edition will feature increased emphasis on the discounted cash flow method in the development of enterprise level values for businesses"-- | ||
| 650 | 4 | |a Business enterprises / Valuation | |
| 650 | 4 | |a Corporations / Valuation | |
| 650 | 7 | |a Business enterprises / Valuation |2 fast | |
| 650 | 7 | |a Corporations / Valuation |2 fast | |
| 700 | 1 | |a Harms, Travis W. |e Verfasser |4 aut | |
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Record in the Search Index
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| author | Mercer, Z. Christopher Harms, Travis W. |
| author_facet | Mercer, Z. Christopher Harms, Travis W. |
| author_role | aut aut |
| author_sort | Mercer, Z. Christopher |
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| building | Verbundindex |
| bvnumber | BV047349910 |
| classification_rvk | QP 770 |
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| contents | The World of Value -- The Integrated Theory (Equity Basis) -- The Integrated Theory (Enterprise Basis) -- Income Approach (Cash Flows) -- Income Approach (Discount Rate) -- Market Approach (Guideline Public Companies) -- Market Approach (Guideline Transactions) -- Restricted Stock Discounts and Pre-IPO Studies -- Introduction to the QMDM -- The QMDM Assumptions in Detail -- Applying the QMDM -- Applying the Integrated Theory to Tax Pass-Through Entities |
| ctrlnum | (OCoLC)1258967391 (DE-599)BVBBV047349910 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| edition | Third edition |
| format | Electronic eBook |
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| id | DE-604.BV047349910 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T17:37:28Z |
| indexdate | 2024-07-10T09:09:41Z |
| institution | BVB |
| isbn | 9781119583110 9781119583134 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-032752130 |
| oclc_num | 1258967391 |
| open_access_boolean | |
| owner | DE-1050 DE-858 |
| owner_facet | DE-1050 DE-858 |
| physical | 1 Online-Ressource (xix, 492 Seiten) |
| psigel | ZDB-30-PQE ZDB-35-WIC ZDB-35-WIC FCO_PDA_WIC_Kauf ZDB-30-PQE FHD01_PQE_Kauf |
| publishDate | 2021 |
| publishDateSearch | 2021 |
| publishDateSort | 2021 |
| publisher | Wiley |
| record_format | marc |
| spelling | Mercer, Z. Christopher Verfasser aut Business valuation an integrated theory Z. Christopher Mercer, Travis W. Harms Third edition Hoboken, New Jersey Wiley [2021] 1 Online-Ressource (xix, 492 Seiten) txt rdacontent c rdamedia cr rdacarrier Includes index The World of Value -- The Integrated Theory (Equity Basis) -- The Integrated Theory (Enterprise Basis) -- Income Approach (Cash Flows) -- Income Approach (Discount Rate) -- Market Approach (Guideline Public Companies) -- Market Approach (Guideline Transactions) -- Restricted Stock Discounts and Pre-IPO Studies -- Introduction to the QMDM -- The QMDM Assumptions in Detail -- Applying the QMDM -- Applying the Integrated Theory to Tax Pass-Through Entities "More than a decade after the publication of Business Valuation: An Integrated Approach, second edition, the core concepts of the integrated theory remain the same. Business value, at any level, is a function of expected cash flows, expected risk, and the expected growth of the cash flows. The second edition was written from the perspective of valuing the net equity of companies. As a result, the emphasis was on equity cash flows and equity discount rates. This analysis remains valid and will be extended. However, during this time, there has been an increasing awareness among appraisers that private companies are bought and sold on an enterprise value basis, inclusive of equity and debt, and not with reference to net equity value alone. The third edition will extend the analysis and concepts to an enterprise value basis. The basic theory of the second edition will be extended to incorporate enterprise cash flows (to equity and debt), enterprise discount rates and the weighted average cost of capital, and enterprise growth rates. This new edition will feature increased emphasis on the discounted cash flow method in the development of enterprise level values for businesses"-- Business enterprises / Valuation Corporations / Valuation Business enterprises / Valuation fast Corporations / Valuation fast Harms, Travis W. Verfasser aut Erscheint auch als Online-Ausgabe, epub 978-1-119-58310-3 Erscheint auch als Online-Ausgabe, oBook 978-1-119-58313-4 Erscheint auch als Druck-Ausgabe, cloth 978-1-119-58309-7 |
| spellingShingle | Mercer, Z. Christopher Harms, Travis W. Business valuation an integrated theory The World of Value -- The Integrated Theory (Equity Basis) -- The Integrated Theory (Enterprise Basis) -- Income Approach (Cash Flows) -- Income Approach (Discount Rate) -- Market Approach (Guideline Public Companies) -- Market Approach (Guideline Transactions) -- Restricted Stock Discounts and Pre-IPO Studies -- Introduction to the QMDM -- The QMDM Assumptions in Detail -- Applying the QMDM -- Applying the Integrated Theory to Tax Pass-Through Entities Business enterprises / Valuation Corporations / Valuation Business enterprises / Valuation fast Corporations / Valuation fast |
| title | Business valuation an integrated theory |
| title_auth | Business valuation an integrated theory |
| title_exact_search | Business valuation an integrated theory |
| title_exact_search_txtP | Business valuation an integrated theory |
| title_full | Business valuation an integrated theory Z. Christopher Mercer, Travis W. Harms |
| title_fullStr | Business valuation an integrated theory Z. Christopher Mercer, Travis W. Harms |
| title_full_unstemmed | Business valuation an integrated theory Z. Christopher Mercer, Travis W. Harms |
| title_short | Business valuation |
| title_sort | business valuation an integrated theory |
| title_sub | an integrated theory |
| topic | Business enterprises / Valuation Corporations / Valuation Business enterprises / Valuation fast Corporations / Valuation fast |
| topic_facet | Business enterprises / Valuation Corporations / Valuation |
| work_keys_str_mv | AT mercerzchristopher businessvaluationanintegratedtheory AT harmstravisw businessvaluationanintegratedtheory |