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The Economics of Business Valuation : Towards a Value Functional Approach /

For decades, the market, asset, and income approaches to business valuation have taken center stage in the assessment of the firm. This book brings to light an expanded valuation toolkit, consisting of nine well-defined valuation principles hailing from the fields of economics, finance, accounting,...

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Detalles Bibliográficos
Autor principal: Anderson, Patrick (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Stanford, CA : Stanford University Press, [2020]
Temas:
Acceso en línea:Texto completo
Texto completo

MARC

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100 1 |a Anderson, Patrick,   |e author.  |4 aut  |4 http://id.loc.gov/vocabulary/relators/aut 
245 1 4 |a The Economics of Business Valuation :  |b Towards a Value Functional Approach /  |c Patrick Anderson. 
264 1 |a Stanford, CA :   |b Stanford University Press,   |c [2020] 
264 4 |c ©2013 
300 |a 1 online resource (440 p.) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a text file  |b PDF  |2 rda 
505 0 0 |t Frontmatter --   |t Contents --   |t Preface --   |t 1. Modern Value Quandaries --   |t 2. Theories of Value --   |t 3. The Failure of the Neoclassical Investment Rule --   |t 4. The Nature of the Firm --   |t 5. The Organization and Scale of Private Business --   |t 6. Accounting for the Firm --   |t 7. Value in Classical Economics --   |t 8. Value in Neoclassical Economics --   |t 9. Modern Recursive Equilibrium and the Basic Pricing Equation --   |t 10. Arbitrage-Free Pricing in Complete Markets --   |t 11. Portfolio Pricing Methods --   |t 12. Real Options and Expanded Net Present Value --   |t 13. Traditional Valuation Methods --   |t 14. Practical Application of the Income Method --   |t 15. The Value Functional: Theory --   |t 16. The Value Functional: Applications --   |t 17. Applications: Finance and Valuation --   |t 18. Applications: Law and Economics --   |t Appendix A. Key Formula and Notation Summary --   |t Appendix B. Guide to the Solutions Manual --   |t Appendix C. Description of Subject Companies --   |t Notes --   |t References --   |t Index  
506 0 |a restricted access  |u http://purl.org/coar/access_right/c_16ec  |f online access with authorization  |2 star 
520 |a For decades, the market, asset, and income approaches to business valuation have taken center stage in the assessment of the firm. This book brings to light an expanded valuation toolkit, consisting of nine well-defined valuation principles hailing from the fields of economics, finance, accounting, taxation, and management. It ultimately argues that the "value functional" approach to business valuation avoids most of the shortcomings of its competitors, and more correctly matches the actual motivations and information set held by stakeholders. Much of what we know about corporate finance and mathematical finance derives from a narrow subset of firms: publicly traded corporations. The value functional approach can be readily applied to both large firms and companies that do not issue publicly traded stocks and bonds, cannot borrow without constraints, and often rely upon entrepreneurs to both finance and manage their operations. With historical side notes from an international set of sources and real-world exemplars that run throughout the text, this book is a future-facing resource for scholars in economics and finance, as well as the academically minded valuation practitioner. 
538 |a Mode of access: Internet via World Wide Web. 
546 |a In English. 
588 0 |a Description based on online resource; title from PDF title page (publisher's Web site, viewed 15. Sep 2020) 
650 0 |a Business enterprises  |x Valuation. 
650 4 |a Economics. 
650 4 |a Finance. 
650 4 |a basic pricing equation. 
650 4 |a business value. 
650 4 |a firm. 
650 4 |a net present value rule. 
650 4 |a recursive model. 
650 4 |a stochastic discount factor. 
650 4 |a value functional equation. 
650 4 |a value. 
650 7 |a BUSINESS & ECONOMICS / Finance / General.  |2 bisacsh 
773 0 8 |i Title is part of eBook package:  |d De Gruyter  |t SUP Backlist eBook-Package 2000-2013  |z 9783110704204 
856 4 0 |u https://doi.uam.elogim.com/10.1515/9780804783224  |z Texto completo 
856 4 0 |u https://degruyter.uam.elogim.com/isbn/9780804783224  |z Texto completo 
912 |a 978-3-11-070420-4 SUP Backlist eBook-Package 2000-2013  |c 2000  |d 2013 
912 |a GBV-deGruyter-alles