Sources of enterprise value

Viorica Mădălina Ion
Authors registered in the RePEc Author Service: Madalina Viorica Manu ()

MPRA Paper from University Library of Munich, Germany

Abstract: The value of the enterprise has an increased importance in business valuation, so maximizing it becomes a priority for the interested parties, such as its shareholders or investors. The purpose of this article is the analysis of the sources of enterprise value and its factors, in order to understand the causes of the decrease or the possibilities for maximizing the enterprise value, passing over the main concepts in the literature. The analysis refers to the listed companies on the Bucharest Stock Exchange (BVB) from the energy sector, including the largest Romanian company as per its capitalization, OMV Petrom. The research took into account the fact that the analysis of a large company with a long history is facilitated by the existence of multi-annual information, unlike the firms in the early life cycle operating in an emerging market.

Keywords: benefits; cash flow; valuation; price; profit; enterprise value (search for similar items in EconPapers)
JEL-codes: G32 L21 L25 (search for similar items in EconPapers)
Date: 2016-03
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Published in Junior Scientific Researcher 1.2(2016): pp. 46-53

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