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Art and Science of Business Valuation [Kietas viršelis]

  • Formatas: Hardback, 152 pages, aukštis x plotis: 235x156 mm, weight: 454 g, 1 Hardback
  • Išleidimo metai: 30-Aug-1999
  • Leidėjas: Praeger Publishers Inc
  • ISBN-10: 1567201717
  • ISBN-13: 9781567201710
Kitos knygos pagal šią temą:
  • Formatas: Hardback, 152 pages, aukštis x plotis: 235x156 mm, weight: 454 g, 1 Hardback
  • Išleidimo metai: 30-Aug-1999
  • Leidėjas: Praeger Publishers Inc
  • ISBN-10: 1567201717
  • ISBN-13: 9781567201710
Kitos knygos pagal šią temą:

The number of business valuations has exploded over the past decade, as has the number of would-be valuators. Link and Boger provide a sorely needed introductory overview of business valuation methods that points clearly to the limitations of the application of valuation and the strength and weaknesses of valuation tools.

While Link and Boger cover the mechanical science of business valuation, they also concentrate on the intuitive art of valuation, emphasizing the distinction between the two. Based on more than three decades of valuation experience and teaching of the associated methodologies, they give the novice valuator an understanding of the elements of art and science in the practice of business valuation and an appreciation that both elements are important. A valuable tool for students and professionals dealing with business valuation issues.




The number of business valuations has exploded over the past decade, as has the number of would-be valuators. Link and Boger provide a sorely needed introductory overview of business valuation methods that points clearly to the limitations of the application of valuation and the strength and weaknesses of valuation tools.

While Link and Boger cover the mechanical science of business valuation, they also concentrate on the intuitive art of valuation, emphasizing the distinction between the two. Based on more than three decades of valuation experience and teaching of the associated methodologies, they give the novice valuator an understanding of the elements of art and science in the practice of business valuation and an appreciation that both elements are important. A valuable tool for students and professionals dealing with business valuation issues.



The number of business valuations has exploded over the past decade, as has the number of would-be valuators. Link and Boger provide a sorely needed introductory overview of business valuation methods that points clearly to the limitations of the application of valuation and the strength and weaknesses of valuation tools.

An introduction to and overview of business valuation methods.

The number of business valuations has exploded over the past decade, as has the number of would-be valuators. Link and Boger provide a sorely needed introductory overview of business valuation methods that points clearly to the limitations of the application of valuation and the strength and weaknesses of valuation tools.

While Link and Boger cover the mechanical science of business valuation, they also concentrate on the intuitive art of valuation, emphasizing the distinction between the two. Based on more than three decades of valuation experience and teaching of the associated methodologies, they give the novice valuator an understanding of the elements of art and science in the practice of business valuation and an appreciation that both elements are important. A valuable tool for students and professionals dealing with business valuation issues.

Daugiau informacijos

An introduction to and overview of business valuation methods.
Tables and Figures ix(4) Foreword xiii(2) James H. Ogburn Preface xv
Chapter 1: Introduction 1(10) Mergers and Acquisitions 2(1) Buy/Sell Agreements 3(1) Acquisition of Capital 4(1) Estate Planning 4(1) Litigation Support 5(1) The Science of Business Valuation 6(1) The Art of Business Valuation 7(1) Overview of the Book 7(4)
Chapter 2: Basic Concepts about a Business 11(10) The Purpose of a Business 11(1) Economic Environment of a Business 12(2) Income Statements and Balance Sheets 14(3) The Value of a Business 17(4)
Chapter 3: Basic Tools for Valuation 21(12) Introduction 21(1) Forecasting 21(6) Weighted Averages 27(2) Present Value 29(2) Capitalization 31(2)
Chapter 4: Three Businesses in Need of Valuation 33(10) Introduction 33(1) Gate City Widget Company 34(3) Gate City Video Rental 37(3) Gate City Orthopedic Clinic 40(3)
Chapter 5: Trends in Financial Data 43(12) Introduction 43(2) Forecasting 45(7) Weighted Averages 52(3)
Chapter 6: Discount Rates and Capitalization Rates 55(12) Introduction 55(1) Return on Investment 56(3) Systematic Approaches to Approximating Risk 59(4) Build-Up Method for Determining Discount Rates and Capitalization Rates 63(4)
Chapter 7: Comparability 67(8) Introduction 67(1) Aspects of Comparability 68(1) Ratio Analysis 68(4) Comparability of the Three Business Examples 72(3)
Chapter 8: Alternative Valuation Methods 75(18) Introduction 75(1) Income-Based Versus Asset-Based Methods 76(2) Income-Based Methods 78(7) Asset-Based Methods 85(1) Income-Based and Asset-Based Methods 86(3) Valuation Adjustments 89(4)
Chapter 9: Valuation of Gate City Widget Company 93(10) Introduction 93(1) Background Information 93(2) Present Value of Adjusted Future Earnings Valuation 95(6) Price-to-Earnings Ratio Valuation 101(2)
Chapter 10: Valuation of Gate City Video Rental Company 103(6) Introduction 103(1) Background Information 103(3) Adjusted Net Asset Valuation 106(3)
Chapter 11: Valuation of Gate City Orthopedic Clinic 109(8) Introduction 109(1) Background Information 109(3) Capitalization of Excess Earnings Valuation Method 112(5)
Chapter 12: Conclusion 117(2) Glossary 119(12) References 131(2) Index 133
ALBERT N. LINK is Professor of Economics at the University of North Carolina at Greensboro. He is the author of numerous academic and professional books, including Evaluating Economic Damages (Quorum, 1992) and Evaluating Public Sector Research and Development (Praeger, 1996).

MICHAEL B. BOGER is a partner in the accounting firm of Breslow Starling Frost Warner & Boger, PLLC. In 1995 he became a Certified Valuation Analyst.