Principles of Private Firm Valuation phần 7 pptx
Principles of Private Firm Valuation phần 7 pptx
... 0.0 37* (4.90) −1.445
†
(−1.65) 0.029* (4.85)
ECON 7. 131 (−1.1) 0.001 (0.13) −6.6 67 (−1. 07) 0.024 (0 .79 )
F-statistic 7. 53* 11.35* 6.85* 13 .71 1*
Obs. 677 677 677 677
Adj. R
2
7. 15% 10.88% 6. 47% ... Value of Control 1 17
12249_Feldman_4p_c 07. r.qxd 2/9/05 9:48 AM Page 1 17
112 PRINCIPLES OF PRIVATE FIRM VALUATION
TABLE 7. 3 Target Characteristics
Panel A: Panel A p...
Principles of Private Firm Valuation phần 2 pptx
... create value.
There have been a number of academic studies that indicate that spin-offs
24 PRINCIPLES OF PRIVATE FIRM VALUATION
FIGURE 2.4 Spin-Off
(a) Pre-Spin-Off Company
Company A without B
Shareholders
Shareholders ... the value of these additional activities is
14 PRINCIPLES OF PRIVATE FIRM VALUATION
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9
Creating and...
Principles of Private Firm Valuation phần 7 ppsx
... with using this mea-
106 PRINCIPLES OF PRIVATE FIRM VALUATION
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112 PRINCIPLES OF PRIVATE FIRM VALUATION
TABLE 7. 3 Target Characteristics
Panel A: ... deter-
116 PRINCIPLES OF PRIVATE FIRM VALUATION
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1 07
TABLE 7. 1 Takeovers
Private Target Takeovers Publi...
Principles of Private Firm Valuation phần 1 pptx
... a private firm s cost of capital.
The purpose of valuing private firms varies. Although a valuation is
generally required prior to a private firm being transacted, the majority of
private firm ... h0" alt=""
Principles of
Private Firm
Valuation
12249_Feldman_4p_flast.r.qxd 2/9/05 9:50 AM Page xi
vii
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he intended audience for Principles of Private Firm...
Principles of Private Firm Valuation phần 5 pptx
... 7 1.3800 7 $321,128,186.91 7 1.112903 7 0.94656489 7 1.0534351
8 1.2800 8 1.4800 8 $199,600,8 97. 93 8 1.15625 8 0. 977 09924 8 1.12 977 1
9 1.3400 9 1.5500 9 $185,000,000.00 9 1.15 671 6 9 1.02290 076 ... −0.300591958 0.15 679 3904 −1.9 171 15082 0.055631815 −0.608436 67
Beta −0.520569128 0.201 171 2 57 −2.5 876 91385 0.009863351 −0.915543 078
Standard
3.584498155 0.21045 679 8...
Principles of Private Firm Valuation phần 10 pptx
... the
range of acceptable values is quite wide.
This brings up an interesting problem. Consider again the example of
Firm A, a private firm, acquiring Firm B, a public firm. When Firm B is part
of Firm ... On Firm A’s books, the purchase of Firm B
would be recorded as the fair value of assets in place of $500 plus the fair
value of implied goodwill of $500.
Let u...
Principles of Private Firm Valuation phần 1 doc
... a private firm s cost of capital.
The purpose of valuing private firms varies. Although a valuation is
generally required prior to a private firm being transacted, the majority of
private firm ... & Sons, Inc.
Principles of
Private Firm
Valuation
STANLEY J. FELDMAN
12249_Feldman_4p_ffirst.r.qxd 2/9/05 9:49 AM Page iii
John Wiley & Sons, Inc.
Principles...
Principles of Private Firm Valuation phần 3 ppt
... increases by 15 per-
centage points.
38 PRINCIPLES OF PRIVATE FIRM VALUATION
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26 PRINCIPLES OF PRIVATE FIRM VALUATION
Company A without subsidiary ... of private firms are small, and issues of trans-
parency typically abound, the larger a private firm is the greater the degree
of transparency that is required....
Principles of Private Firm Valuation phần 4 pdf
... $184,961 $1 07, 498 $ 177 , 372 $135,985 $89 ,75 0 $79 , 279
Free cash flow $144,233 $260,235 $258,535 $349,622 $509,5 27 $552,3 47 $7, 976 ,3 47
Present value $128 ,77 9 $2 07, 4 57 $184,020 $222,191 $289,119 $ 279 ,836 ... Compensation of officers $681,520.00 $258, 574 .00 ($422,946.00) $258, 574 .00
Compensation of officer 1 $340 ,76 0.00 $129,2 87. 00 ($211, 473 .00) $129,2 87....
Principles of Private Firm Valuation phần 5 docx
... −0.300591958 0.15 679 3904 −1.9 171 15082 0.055631815 −0.608436 67
Beta −0.520569128 0.201 171 2 57 −2.5 876 91385 0.009863351 −0.915543 078
Standard
3.584498155 0.21045 679 8 17. 03199038 1.197E-54 3. 171 293237deviation
12249_Feldman_4p_c05.r.qxd ... 7 1.3800 7 $321,128,186.91 7 1.112903 7 0.94656489 7 1.0534351
8 1.2800 8 1.4800 8 $199,600,8 97. 93 8 1.15625 8 0. 977 09924 8...