The issue of assessment of business has long been the center of much debate in the teaching business management and raises relevant issues in business and professional practice. The methods used to estimate the economic capital can be divided into two broad categories: direct and indirect. The first reference to market prices and the latter may be related to quantities in stock and flow variables. The methodologies based on the pattern of results consist in discounting future earnings, cash flow or prospective dividend yields. These formulas will reveal evaluative not enforceable because of the high degree of subjectivity and difficulty involved in estimating income and financial parameters that constitute them. In order to make operational the evaluation methodologies related to magnitudes flow, in the volume are exposed to the so-called methods Profit and financial simplified. Methods based on stock sizes are based on estimates of tangible and intangible assets. Considerable attention is given to an assessment of the elements and having no assets with market value. Particular emphasis is placed on the assessment of human organization (so-called human capital), trademarks, technology, the backlog of loan portfolio, signs, etc.. The book includes a series of methodologies for the evaluation of companies that operate in the insurance, banking, publishing, pharmaceutical and securities brokerage.
LA VALUTAZIONE DELLE AZIENDE
LACCHINI, Marco;
2005-01-01
Abstract
The issue of assessment of business has long been the center of much debate in the teaching business management and raises relevant issues in business and professional practice. The methods used to estimate the economic capital can be divided into two broad categories: direct and indirect. The first reference to market prices and the latter may be related to quantities in stock and flow variables. The methodologies based on the pattern of results consist in discounting future earnings, cash flow or prospective dividend yields. These formulas will reveal evaluative not enforceable because of the high degree of subjectivity and difficulty involved in estimating income and financial parameters that constitute them. In order to make operational the evaluation methodologies related to magnitudes flow, in the volume are exposed to the so-called methods Profit and financial simplified. Methods based on stock sizes are based on estimates of tangible and intangible assets. Considerable attention is given to an assessment of the elements and having no assets with market value. Particular emphasis is placed on the assessment of human organization (so-called human capital), trademarks, technology, the backlog of loan portfolio, signs, etc.. The book includes a series of methodologies for the evaluation of companies that operate in the insurance, banking, publishing, pharmaceutical and securities brokerage.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
