About this product

Product Identifiers

PublisherWiley & Sons, Incorporated, John

ISBN-101786306360

ISBN-139781786306364

eBay Product ID (ePID)18050415851

Product Key Features

Number of Pages208 Pages

Publication NamePerformance of Valuation Methods in Financial Transactions

LanguageEnglish

Publication Year2021

SubjectFinance / General

TypeTextbook

AuthorDavid Heller

Subject AreaBusiness & Economics

FormatHardcover

Dimensions

Item Height0.4 in

Item Weight16 Oz

Item Length0.4 in

Item Width0.4 in

Additional Product Features

Intended AudienceScholarly & Professional

Dewey Edition23

Dewey Decimal658.15

Table Of ContentIntroduction vii Chapter 1. Traditional Valuation Methods and Ways of Applying Them 1 1.1. Introduction 1 1.2. The cost of financial structure 3 1.2.1. Financial asset valuation 4 1.2.2. Optimal capital structure 10 1.2.3. Theories of organizations 19 1.3. Valuation measures and follow-up measures 23 1.3.1. Evaluation by comparative approach 24 1.3.2. Flow assessment 34 1.3.3. Valuation through propriety and mixed approaches 44 1.4. The perspectives of assessment: control operations 50 1.4.1. The shareholder 51 1.4.2. Control negotiations 59 1.4.3. Leveraged buyout operations 76 1.5. Conclusion 87 Chapter 2. The Performance of the Assessment and the Creation of Value from Control Operations 89 2.1. Introduction 89 2.2. Theoretical adjustments 90 2.2.1. Reconciliation of the traditional view with the Modigliani-Miller theorem 91 2.2.2. Optimizing the valuation methods 109 2.3. Contextual impacts and adjustments 131 2.3.1. Leverage transactions 132 2.3.2. Stock market multiples: from the impact of structures to anticipating profitability 136 2.3.3. Two delicate contexts for valuation: the bankruptcy situation and the start-up company 149 2.4. The creation of value resulting from control operations 158 2.4.1. The creation of value from the buyout of companies in bankruptcy 158 2.4.2. Abnormal returns resulting from control operations 159 2.4.3. The motivation of buyers to initiate control operations 161 2.5. Conclusion 163 Conclusion 165 Appendix. Demonstrating the Terminal Value (TV) of DCFs 169 References 171 Index 179

SynopsisMODERN FINANCE, MANAGEMENT INNOVATION & ECONOMIC GROWTH SET Coordinated by Faten Ben Bouheni Financial operations depend on potential value creation, the nature of the shareholder base, the level of development of the company and its growth prospects. They result from different commercial and financial strategies that must integrate the interest of the capital holders, the influence and strategy of the group in the initiative and the structure of the offer. This book examines how, in practice, a companys capital is structured, taking into account the interests of various stakeholders. The performance of valuation methods, which serve investors in their decision-making and financial arrangements, is developed in detail. Depending on the contexts present in the control market, the methods of stock market and transactional comparables, discounted cash flows and the patrimonial approach, will be favored to assess the value of a companys shares. Performance of Valuation Methods in Financial Transactions is an in-depth analysis of equity transactions and is aimed at students and corporate finance professionals.

LC Classification NumberHG4028.V3