Business valuation : an integrated theory /
"More than a decade after the publication of Business Valuation: An Integrated Approach, second edition, the core concepts of the integrated theory remain the same. Business value, at any level, is a function of expected cash flows, expected risk, and the expected growth of the cash flows. The...
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| Main Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Hoboken, New Jersey :
John Wiley & Sons, Inc.,
[2021]
|
| Edition: | Third edition. |
| Subjects: | |
| Online Access: | CONNECT |
MARC
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| 003 | OCoLC | ||
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| 008 | 200615s2021 nju o 001 0 eng | ||
| 005 | 20240617174116.4 | ||
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| 020 | |a 9781119583103 |q electronic book | ||
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| 020 | |z 9781119583097 |q hardcover | ||
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| 050 | 0 | 4 | |a HG4028.V3 |b M47 2021 |
| 082 | 0 | 0 | |a 658.15/5 |2 23 |
| 100 | 1 | |a Mercer, Z. Christopher, |e author. | |
| 245 | 1 | 0 | |a Business valuation : |b an integrated theory / |c Z. Christopher Mercer, Travis W. Harms. |
| 250 | |a Third edition. | ||
| 264 | 1 | |a Hoboken, New Jersey : |b John Wiley & Sons, Inc., |c [2021] | |
| 300 | |a 1 online resource (xix, 492 pages) : |b illustrations (some color) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 500 | |a Includes index. | ||
| 505 | 0 | |a 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. | |
| 520 | |a "More than a decade after the publication of Business Valuation: An Integrated Approach, second edition, the core concepts of the integrated theory remain the same. Business value, at any level, is a function of expected cash flows, expected risk, and the expected growth of the cash flows. The second edition was written from the perspective of valuing the net equity of companies. As a result, the emphasis was on equity cash flows and equity discount rates. This analysis remains valid and will be extended. However, during this time, there has been an increasing awareness among appraisers that private companies are bought and sold on an enterprise value basis, inclusive of equity and debt, and not with reference to net equity value alone. The third edition will extend the analysis and concepts to an enterprise value basis. The basic theory of the second edition will be extended to incorporate enterprise cash flows (to equity and debt), enterprise discount rates and the weighted average cost of capital, and enterprise growth rates. This new edition will feature increased emphasis on the discounted cash flow method in the development of enterprise level values for businesses"-- |c Provided by publisher. | ||
| 588 | |a Description based on online resource; title from digital title page (viewed on November 02, 2020). | ||
| 650 | 0 | |a Business enterprises |x Valuation. | |
| 650 | 0 | |a Corporations |x Valuation. | |
| 650 | 7 | |a Business enterprises |x Valuation |2 fast |0 (OCoLC)fst00842648 | |
| 650 | 7 | |a Corporations |x Valuation |2 fast |0 (OCoLC)fst00879963 | |
| 700 | 1 | |a Harms, Travis W., |e author. | |
| 710 | 2 | |a John Wiley & Sons, Ltd., |e publisher. | |
| 776 | 0 | 8 | |i Print version: |a Mercer, Z. Christopher. |t Business valuation |b Third edition. |d Hoboken, New Jersey : John Wiley & Sons, Inc., [2021] |z 9781119583097 |w (DLC) 2020025969 |
| 856 | 4 | 0 | |z CONNECT |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=2642484&authtype=ip,sso&custid=s4672406 |3 EBSCO |t 0 |
| 903 | |a OWNED | ||
| 907 | |a 4867938 |b 06-01-21 |c 11-04-20 | ||
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| 952 | f | f | |a Middle Tennessee State University |b Main |c James E. Walker Library |d Electronic Resources |t 0 |e HG4028.V3 M47 2021 |h Library of Congress classification |
