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...
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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 12249_Feldman_4p_c02.r.qxd 2/9/05 9:46 AM Page 14 9 Creating and...
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Principles of Private Firm Valuation phần 7 ppsx
... with using this mea- 106 PRINCIPLES OF PRIVATE FIRM VALUATION 12249_Feldman_4p_c 07. r.qxd 2/9/05 9:48 AM Page 106 112 PRINCIPLES OF PRIVATE FIRM VALUATION TABLE 7. 3 Target Characteristics Panel A: ... deter- 116 PRINCIPLES OF PRIVATE FIRM VALUATION 12249_Feldman_4p_c 07. r.qxd 2/9/05 9:48 AM Page 116 1 07 TABLE 7. 1 Takeovers Private Target Takeovers Publi...
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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 T he intended audience for Principles of Private Firm...
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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...
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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...
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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...
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Principles of Private Firm Valuation phần 3 ppt
... increases by 15 per- centage points. 38 PRINCIPLES OF PRIVATE FIRM VALUATION 12249_Feldman_4p_c03.r.qxd 2/9/05 9: 47 AM Page 38 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....
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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....
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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...
Ngày tải lên: 14/08/2014, 05:20