Valuing the Closely Held Firm

Erscheinungsjahr 2012
ISBN: 978-0-19-530146-5
Verlag: ACADEMIC

Buch, Englisch, 288 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 599 g

Reihe: Financial Management Association Survey and Synthesis Series

closely held firm is not a smaller version of a large public firm, anymore than a child is a miniature adult. Recognizing that value comes from the ability to generate future cash flows, this book emphasizes the differences between the large and small firms when presenting the concepts to value the closely held firm.

Autoren/Hrsg.

Long

Long, Michael S.

Bryant, Thomas A.

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftswissenschaften: Allgemeines
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein
• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensorganisation & Entwicklungsstrategien

Inhaltsverzeichnis

Foreword
1. Why Bother Valuing a Private Business?
2. Is It a Business - or Just a Pile of Assets?
Special Questions and Adjustment in the Valuation of Closely Held Firms

3. Valuation When a Firm Is NOT a Going Concern
4. Valuation of a Going Concern
5. Growth Options and Valuation
6. Inflation and Valuation Measurement
7. Calculating the Discount Rate for Closely Held Firms
8. Planning to Buy? Considerations from the Other Side of the Sale
9. The Exit Strategy
10. What We Know; Where to Go Next
Afterword
Appendices
A1. Glossary of Key Terms
A2. Useful Publications and Websites
A3. Annotated Bibliography
A4. How the IRS sees valuation of private firms
A5. Worksheets
A5i Likely buyers
A5ii Valuation scenarios
A5iii Valuation worksheet
Index

Über Autor(innen)

Michael S. Long, Professor of Finance, Rutgers Business School;
Thomas A. Bryant, Rohrer Chair in Entrepreneurial Studies, Rohrer College of Business at Rowan University