Business valuation : an integrated theory / / Z. Christopher Mercer, Travis W. Harms
| Business valuation : an integrated theory / / Z. Christopher Mercer, Travis W. Harms |
| Autore | Mercer Z. Christopher |
| Edizione | [Third edition.] |
| Pubbl/distr/stampa | Hoboken, New Jersey : , : Wiley, , [2021] |
| Descrizione fisica | 1 online resource (515 pages) |
| Disciplina | 658.15 |
| Soggetto topico |
Business enterprises - Valuation
Corporations - Valuation |
| ISBN |
1-119-58310-1
1-119-58311-X 1-119-58313-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | 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 |
| Record Nr. | UNINA-9910555281803321 |
Mercer Z. Christopher
|
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| Hoboken, New Jersey : , : Wiley, , [2021] | ||
| Lo trovi qui: Univ. Federico II | ||
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Business valuation [[electronic resource] ] : an integrated theory / / Z. Christopher Mercer, Travis W. Harms
| Business valuation [[electronic resource] ] : an integrated theory / / Z. Christopher Mercer, Travis W. Harms |
| Autore | Mercer Z. Christopher |
| Edizione | [2nd ed.] |
| Pubbl/distr/stampa | Hoboken, N.J., : John Wiley & Sons, c2008 |
| Descrizione fisica | 1 online resource (290 p.) |
| Disciplina | 658.15/5 |
| Altri autori (Persone) |
HarmsTravis W
MercerZ. Christopher |
| Collana | Wiley Series in Finance |
| Soggetto topico |
Business enterprises - Valuation
Corporations - Valuation |
| ISBN |
1-119-19708-2
1-280-97426-5 9786610974269 0-470-17866-3 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Business 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
CLARITY 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 STRATEGIC 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 THE 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 PRACTICAL 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 COMMON QUESTIONS |
| Record Nr. | UNINA-9910784799903321 |
Mercer Z. Christopher
|
||
| Hoboken, N.J., : John Wiley & Sons, c2008 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||