Firm Value

Firm Value PDF

Author: Paolo Saona Hoffmann

Publisher: BoD – Books on Demand

Published: 2018-08-01

Total Pages: 151

ISBN-13: 1789234948

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This edited volume aims to discuss the most contemporary state of the determinants of the firm value. This book presents theoretical works as well as empirical studies that contrast the arguments offered by the leading, ground-breaking theories on the firm value. What variables determine the firm value? Are these determinants controllable or uncontrollable by the managers of the companies? Is the impact of corporate governance systems on the firm value symmetrical between different institutional contexts? Do the financial reports affect the value of the firm? What role does corporate social responsibility play as a determinant of the firm value? These and other questions are analyzed and scrutinized step by step throughout this book.

Principles of Private Firm Valuation

Principles of Private Firm Valuation PDF

Author: Stanley J. Feldman

Publisher: John Wiley & Sons

Published: 2005-04-06

Total Pages: 192

ISBN-13: 047148721X

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A complete explanation of the issues that determine private firm value Principles of Private Firm Valuation combines recent academic research and practical real-world experience to help readers better understand the multitude of factors that determine private firm value. For the financial professional serving private firms-who are increasingly being called upon to give advice on issues related to firm valuation and deal structure-this comprehensive guide discusses critical topics, including how firms create value and how to measure it, valuing control, determining the size of the marketability discount, creating transparency and the implications for value, the value of tax pass-through entities versus a C corporation, determining transaction value, and the valuation implications of FASB 141 (purchase price accounting) and 142 (goodwill impairment). Dr. Stanley J. Feldman (Lowell, MA) is Associate Professor of Finance at Bentley College, where he currently teaches courses in corporate finance with a focus on business valuation and business strategy at both the graduate and undergraduate levels. He is a member of the FASB Valuation Resource Group and is Chairman and cofounder of Axiom Valuation Solutions.

Valuation

Valuation PDF

Author: McKinsey & Company Inc.

Publisher: John Wiley & Sons

Published: 2010-07-16

Total Pages: 860

ISBN-13: 0470889934

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The number one guide to corporate valuation is back and better than ever Thoroughly revised and expanded to reflect business conditions in today's volatile global economy, Valuation, Fifth Edition continues the tradition of its bestselling predecessors by providing up-to-date insights and practical advice on how to create, manage, and measure the value of an organization. Along with all new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect new developments in corporate finance, changes in accounting rules, and an enhanced global perspective. Valuation, Fifth Edition is filled with expert guidance that managers at all levels, investors, and students can use to enhance their understanding of this important discipline. Contains strategies for multi-business valuation and valuation for corporate restructuring, mergers, and acquisitions Addresses how you can interpret the results of a valuation in light of a company's competitive situation Also available: a book plus CD-ROM package (978-0-470-42469-8) as well as a stand-alone CD-ROM (978-0-470-42457-7) containing an interactive valuation DCF model Valuation, Fifth Edition stands alone in this field with its reputation of quality and consistency. If you want to hone your valuation skills today and improve them for years to come, look no further than this book.

Stakeholder Theory

Stakeholder Theory PDF

Author: R. Edward Freeman

Publisher: Cambridge University Press

Published: 2010-04-01

Total Pages:

ISBN-13: 1139484117

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In 1984, R. Edward Freeman published his landmark book, Strategic Management: A Stakeholder Approach, a work that set the agenda for what we now call stakeholder theory. In the intervening years, the literature on stakeholder theory has become vast and diverse. This book examines this body of research and assesses its relevance for our understanding of modern business. Beginning with a discussion of the origins and development of stakeholder theory, it shows how this corpus of theory has influenced a variety of different fields, including strategic management, finance, accounting, management, marketing, law, health care, public policy, and environment. It also features in-depth discussions of two important areas that stakeholder theory has helped to shape and define: business ethics and corporate social responsibility. The book concludes by arguing that we should re-frame capitalism in the terms of stakeholder theory so that we come to see business as creating value for stakeholders.

Principles of Private Firm Valuation

Principles of Private Firm Valuation PDF

Author: Stanley J. Feldman

Publisher: John Wiley & Sons

Published: 2005-04-01

Total Pages: 352

ISBN-13: 0471727695

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A complete explanation of the issues that determine private firmvalue Principles of Private Firm Valuation combines recent academicresearch and practical real-world experience to help readers betterunderstand the multitude of factors that determine private firmvalue. For the financial professional serving private firms-who areincreasingly being called upon to give advice on issues related tofirm valuation and deal structure-this comprehensive guidediscusses critical topics, including how firms create value and howto measure it, valuing control, determining the size of themarketability discount, creating transparency and the implicationsfor value, the value of tax pass-through entities versus a Ccorporation, determining transaction value, and the valuationimplications of FASB 141 (purchase price accounting) and 142(goodwill impairment). Dr. Stanley J. Feldman (Lowell, MA) is Associate Professor ofFinance at Bentley College, where he currently teaches courses incorporate finance with a focus on business valuation and businessstrategy at both the graduate and undergraduate levels. He is amember of the FASB Valuation Resource Group and is Chairman andcofounder of Axiom Valuation Solutions.

Corporate Governance and Firm Value

Corporate Governance and Firm Value PDF

Author: Kashif Rashid

Publisher: Emerald Group Publishing

Published: 2008-06-16

Total Pages: 226

ISBN-13: 0080560342

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Corporate governance is a subject of high academic and practical significance in contemporary business. This book determines and analyzes the relationship between corporate governance and the value of a firm in emerging and developed financial markets by using econometric methods and models.

Ownership Structure, Related Party Transactions, and Firm Valuation

Ownership Structure, Related Party Transactions, and Firm Valuation PDF

Author: Amrinder Khosa

Publisher: Cambridge University Press

Published: 2019-03-21

Total Pages:

ISBN-13: 1108624863

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Concentrated ownership is considered to be the best protection for shareholders in economies where legal protection is relatively weak. This book investigates and concludes, for Indian business groups, that concentrated-inside ownership provides opportunities for the expropriation of minority shareholders. While more concentrated direct ownership of controlling families results in a higher market value of equity, indirect ownership obtained through cross-holding provides incentives to extract private benefits and results in value loss. This finding requires the prompt attention of regulatory bodies, outside investors and other interested parties. This book examines the effect of ownership structure and disclosure of related-party transactions on firm valuation of group-affiliated firms in India, by using a sample of 317 listed firms comprising 1350 firm-year observations from 2008 to 2017. Well-accepted value-relevance models are employed to examine the effect of ownership rights on market value of equity and valuation effect of RP trading, asset transfer, investment and loan transactions.

Valuation

Valuation PDF

Author: Tim Koller

Publisher: John Wiley & Sons

Published: 2020-05-21

Total Pages: 960

ISBN-13: 1119611881

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McKinsey & Company's bestselling guide to teaching corporate valuation - the fully updated seventh edition Valuation: Measuring and Managing the Value of Companies, University Edition is filled with the expert guidance from McKinsey & Company that students and professors have come to rely on for over nearly three decades. Now in its seventh edition, this acclaimed volume continues to help financial professionals and students around the world gain a deep understanding of valuation and help their companies create, manage, and maximize economic value for their shareholders. This latest edition has been carefully revised and updated throughout, and includes new insights on topics such as digital, ESG (environmental, social and governance), and long-term investing, as well as fresh case studies. For thirty years, Valuation has remained true to its basic principles and continues to offer a step-by-step approach to teaching valuation fundamentals, including: Analyzing historical performance Forecasting performance Estimating the cost of capital Interpreting the results of a valuation in context Linking a company's valuation multiples to core performance drivers The University Edition contains end-of-chapter review questions to help students master key concepts from the book. Wiley also offers an Online Instructor's Manual with a full suite of learning resources to complement valuation classroom instruction.

Strategic Financial Management Casebook

Strategic Financial Management Casebook PDF

Author: Rajesh Kumar

Publisher: Academic Press

Published: 2017-01-05

Total Pages: 605

ISBN-13: 0128093528

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Strategic Financial Management Casebook strategically uses integrative case studies—cases that do not emphasize specific subjects such as capital budgeting or value based management—to provide a framework for understanding strategic financial management. By featuring holistic presentations, the book puts readers into the shoes of those responsible for the world’s largest wealth creators. It covers strategies of growth, mergers and acquisitions, financial performance analysis over the past decade, wealth created in terms of stock returns since its listing in stock market, investment and financial decisions, cost of capital, and corporate valuation. In addition, the casebook also discusses corporate restructuring activities undertaken by each company. Each chapter follows a template to facilitate learning, and each features an Excel-based case analysis worksheet that includes a complete data set for financial analysis and valuation. Introduces a conceptual framework for integrating strategy and finance for value creation Emphasizes the roles of corporate governance, corporate social responsibility, and risk management in value creation Encourages an analysis of investment, financing, and dividend decisions Examines non-financial factors that contribute to value

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