Shannon P Pratt

The Market Approach to Valuing Businesses

• Broschiertes Buch

Produktbeschreibung

While the number of companies has declined, the quantity and quality of detailed information available for the transaction method has increased dramatically. This book offers comprehensive direction on the powerful method within the market approach. It includes updated and new data sources. In the new edition, court cases regarding the market approach are presented and analyzed.The workbook to accompany The Market Approach to Valuing Businesses, Second Edition consists of questions and exercises, presented in the same order as the chapters in the book

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Produktdetails

• Verlag: Wiley
• 2nd edition
• Seitenzahl: 528
• Erscheinungstermin: 6. Januar 2006
• Englisch
• Abmessung: 255mm x 177mm x 46mm
• Gewicht: 1080g
• ISBN-13: 9780471783879
• ISBN-10: 0471783870
• Artikelnr.: 29932817

Autorenporträt

Shannon P. Pratt, CFA, FASA, MCBA, CM&AA, is the Chairman and CEO of Shannon Pratt Valuations, Inc. a premier business valuation firm located in Portland Oregon, and is the founder and Editor Emeritus of Business Valuation Resources, LLC. Over a distinguished career of close to four decades, he has performed valuation engagements for M&A, ESOPs, gift and estate taxation, marital dissolution, shareholder oppression and dissent, and numerous other purposes. He has conducted numerous fairness and solvency opinions, has testified in a wide variety of federal and state courts across the country, and frequently participates in arbitration and mediation proceedings. Dr. Pratt is one of the most successful and respected authors in his field. He is the author or coauthor of several industry standards, including Valuing a Business: The Analysis and Appraisal of Closely Held Companies, Valuing Small Businesses and Professional Practices, The Market Approach to Valuing Businesses, Standards of Value, Business Valuation and Taxes, The Lawyer's Business Valuation Handbook, and Cost of Capital.

Inhaltsangabe

Defining market multiples and market approach methods. Defining market
value multiples
The guideline public company method
The guideline merged and acquired company method
Other market methods
Finding and analyzing comparative market transaction data. Finding public
company market transaction data
Finding merger and acquisition market data
Adjusting financial statements
Comparative financial analysis
Compiling market value tables and reaching a value conclusion. Compiling
useful market value tables
Selecting, weighting, and adjusting market value multiples
Control premiums and minority discounts
Discounts for lack of marketability
Sample market approach cases. Small-size service company sample case- sub
shop
Medium-size service company sample case-software developer
Important aspects of using the market approach. Reconciling market approach
values with income and asset approach values
Does size matter? Evidence from empirical data
Common errors in implementing the market approach
The dismal track record of U.S. market acquisitions
The market approach in the courts