Conclusion

T. H. Donaldson
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T. H. Donaldson: J. P. Morgan

Chapter 6 in The Treatment of Intangibles, 1992, pp 117-125 from Palgrave Macmillan

Abstract: Abstract For years banks assessed the credit standing of their borrowers on the basis of ‘liquidation analysis’, also often referred to as ‘gone-concern analysis’; some still do. Liquidation analysis, in its simplest form, values a company on what it would be worth in liquidation, i.e. at forced-sale prices. Unless this valuation shows that the company could pay its debts even in liquidation, the bank will not lend; or at least that is the theory.

Keywords: Cash Flow; Balance Sheet; Trade Creditor; Equity Investor; Equity Holder (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-22484-5_6

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