LEADER 05623nam 2200733Ia 450 001 9910784799903321 005 20230721030546.0 010 $a1-119-19708-2 010 $a1-280-97426-5 010 $a9786610974269 010 $a0-470-17866-3 035 $a(CKB)1000000000399158 035 $a(EBL)315173 035 $a(OCoLC)630529424 035 $a(SSID)ssj0000290679 035 $a(PQKBManifestationID)11220413 035 $a(PQKBTitleCode)TC0000290679 035 $a(PQKBWorkID)10247341 035 $a(PQKB)11236410 035 $a(PQKBManifestationID)16031039 035 $a(PQKB)21610879 035 $a(MiAaPQ)EBC315173 035 $a(Au-PeEL)EBL315173 035 $a(CaPaEBR)ebr10296170 035 $a(CaONFJC)MIL97426 035 $a(EXLCZ)991000000000399158 100 $a20070302d2008 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBusiness valuation$b[electronic resource] $ean integrated theory /$fZ. Christopher Mercer, Travis W. Harms 205 $a2nd ed. 210 $aHoboken, N.J. $cJohn Wiley & Sons$dc2008 215 $a1 online resource (290 p.) 225 1 $aWiley Series in Finance ;$vv.17 300 $aRev. ed. of: Valuing enterprise and shareholder cash flows. Memphis : Peabody Pub., 2004. 300 $aSeries from jacket. 311 $a0-470-14816-0 320 $aIncludes bibliographical references and index. 327 $aBusiness Valuation: An Integrated Theory, Second Edition; Contents; Introduction; THE INTEGRATED THEORY OF BUSINESS VALUATION DEFINED; THE INTEGRATED THEORY PROVIDES ANSWERS; WHO SHOULD READ THIS BOOK?; THE QUANTITATIVE MARKETABILITY DISCOUNT MODEL; Chapter 1: Discounted Cash Flow and the Gordon Model: The Very Basics of Value; INTRODUCTION; COMMON QUESTIONS; THE BASIC TOOLS OF VALUATION; DIVIDENDS, REINVESTMENT, & GROWTH; NET INCOME VS. NET CASH FLOW; PRACTICAL OBSERVATIONS; CONCLUSION; Chapter 2: The GRAPES of Value; INTRODUCTION; COMMON QUESTIONS; THE WORLD OF VALUE; GRAPES OF VALUE 327 $aCLARITY COMES SLOWLY THE ORGANIZING PRINCIPLES; THE BASKET FOR GRAPES: THE PRINCIPLE OF KNOWLEDGE; CONCLUDING COMMENTS; Appendix 2-A: The Principles Crystallize; Appendix 2-B: Not So Random Thoughts Regarding the Business of Business Appraisal; Appendix 2-C: Not So Random Thoughts on the Business of Business Appraisal 2004 Edition; Chapter 3: The Integrated Theory of Business Valuation; INTRODUCTION; COMMON QUESTIONS; THE GORDON MODEL; EARLY VIEWS OF THE LEVELS OF VALUE; THE MARKETABLE MINORITY INTEREST LEVEL OF VALUE; THE CONTROL LEVELS OF VALUE; THE FINANCIAL CONTROL LEVEL OF VALUE 327 $aSTRATEGIC CONTROL LEVEL OF VALUEENTERPRISE LEVELS VS. THE SHAREHOLDER LEVEL OF VALUE; THE NONMARKETABLE MINORITY LEVEL OF VALUE; THE MARKETABILITY DISCOUNT; APPLICATION OF MARKETABILITY DISCOUNTS TO CONTROLLING INTERESTS; THE INTEGRATED THEORY OF BUSINESS VALUATION; CONCLUSIONS; Appendix 3-A: Case Study-Acquisition Pricing and the Integrated Theory; (WHY MANY ACQUISITIONS DO NOT ENHANCE SHAREHOLDER VALUE); BIDDING ANALYSIS; OPERATIONS' STRATEGIC CONSIDERATIONS; CFO REFLECTIONS; Chapter 4: Adjustments to Income Statements: Normalizing and Control Adjustments; INTRODUCTION; COMMON QUESTIONS 327 $aTHE INTEGRATED THEORY AND INCOME STATEMENT ADJUSTMENTS TWO TYPES OF INCOME STATEMENT ADJUSTMENTS; INCOME STATEMENT ADJUSTMENTS AND THE RELEVANT DISCOUNT RATE; NORMALIZING ADJUSTMENTS ILLUSTRATED; CONTROL ADJUSTMENTS TO THE INCOME STATEMENT; POTENTIAL VALUE IMPACT OF EARNINGS ADJUSTMENTS; THE NATURE OF CONTROL PREMIUMS; CONCLUSION; Appendix 4-A: A Cautionary Tale; Chapter 5: Fundamental Adjustments to Market Capitalization Rates; INTRODUCTION; COMMON QUESTIONS; THE GRAPES OF VALUE REVIEWED; A CONCEPTUAL OVERVIEW OF FUNDAMENTAL ADJUSTMENTS 327 $aPRACTICAL TECHNIQUES FOR DEVELOPING FUNDAMENTAL ADJUSTMENTS MARKETABILITY DISCOUNTS FOR CONTROLLING INTERESTS?; THE LITERATURE REGARDING FUNDAMENTAL ADJUSTMENTS; CONCLUSION; Chapter 6: Developing Appropriate Discount Rates; INTRODUCTION; COMMON QUESTIONS; THE ADJUSTED CAPITAL ASSET PRICING MODEL; DISCOUNT RATE SENSITIVITY AND JUDGMENT; JUDGMENT AND REASONABLENESS AND THE ACAPM; THE ACAPM AND SHAREHOLDER LEVEL VALUATIONS; CONCLUSION; Appendix 6-A: Overview of the Capital Asset Pricing Model (CAPM); Chapter 7: Introduction to the QMDM: The Shareholder Level of Value; INTRODUCTION 327 $aCOMMON QUESTIONS 330 $aPraise for Business Valuation, Second Edition""The Second Edition of Business Valuation: An Integrated Theory manages to present the theoretical analysis of valuation from the first edition and expand on that discussion by providing additional guidance on implementing the relevant valuation theories, notably in its expanded discussion of the Quantitative Marketability Discount Model.""-Dr. David TabakNERA Economic Consulting Your Essential Valuations Reference Whether you are an accountant, auditor, financial planner, or attorney, Business Valuation: An Integrated 410 0$aWiley finance series. 606 $aBusiness enterprises$xValuation 606 $aCorporations$xValuation 615 0$aBusiness enterprises$xValuation. 615 0$aCorporations$xValuation. 676 $a658.15/5 700 $aMercer$b Z. Christopher$0937713 701 $aHarms$b Travis W$01532801 701 $aMercer$b Z. Christopher$0937713 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910784799903321 996 $aBusiness valuation$93779296 997 $aUNINA