The economics of business valuation : towards a value functional approach

The economics of business valuation : towards a value functional approach / Patrick L. Anderson.

For decades, the traditional approaches to business valuation (market, asset, and income) have taken centre stage in the assessment of the firm. This book presents an expanded valuation toolkit, consisting of nine well-defined valuation principles hailing from the fields of economics, finance, accou...

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Bibliographic Details
Main Author: Anderson, Patrick L. (Author)
Format: eBook
Language:English
Published: Stanford, California : Stanford Economics and Finance, an imprint of Stanford University Press, [2012]
Subjects:
Business enterprises > Valuation.
BUSINESS & ECONOMICS > Industries > General.
BUSINESS & ECONOMICS > Finance.
Business enterprises > Valuation
Online Access:Click for online access
Table of Contents:
  • Modern value quandaries
  • Theories of value
  • The failure of the neoclassical investment rule
  • The nature of the firm
  • The organization and scale of private business
  • Accounting for the firm
  • Value in classical economics
  • Value in neoclassical economics
  • Modern recursive equilibrium and the basic pricing equation
  • Arbitrage-free pricing in complete markets
  • Portfolio pricing methods
  • Real options and expanded net present value
  • Traditional valuation methods
  • Practical application of the income method
  • The value functional : theory
  • The value functional : applications
  • Applications : finance and valuation
  • Applications : law and economics.

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