Company valuation : how to deal with a range of values?

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dc.contributor.advisor
dc.contributor.authorPatena, Wiktor
dc.date.accessioned2013-07-09T11:28:27Z
dc.date.available2013-07-09T11:28:27Z
dc.date.issued2011
dc.descriptionArtykuł dostępny również na stronie : http://www.e-finanse.com/artykuly_eng/192.pdf
dc.description.abstractCompany valuation is not done after having generated a few values being a result of applying different valuation methods. In many cases institutions ordering the valuation request a value which can be an equivalent of a market, transactional value. Often the one method (and the valuation resulting from the method) can be indicated, since the valuer claims that it gives the most precise value of the company. However, it is safer to consider the range of values and then try to determine the final value which is the result of a combination of several methods. However, the question is how to consistently deal with a range of values. One of the solution s are so-called mixed methods of company valuation. They are criticized in this paper as they are too subjective. Instead we suggest considering a portfolio approach – PATEV (Portfolio Approach to Equity Valuation). In addition to having to choose a method of defining one value, the value is subject to further corrections: liquidity and control discounts.pl
dc.identifier.citationThe Quarterly "e-Finanse" : finansowy kwartalnik internetowy, 2011, vol. 7, nr 3, s. 75-84pl
dc.identifier.issn1734-039X
dc.identifier.urihttp://hdl.handle.net/11199/318
dc.language.isoenpl
dc.rightsopen access
dc.subjectcompany valuationpl
dc.subjectrange of valuespl
dc.subjectliquidity discountspl
dc.titleCompany valuation : how to deal with a range of values?pl
dc.typearticlepl

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