Dynamic methods of enterprise valuation

Ioan Dumitrean ()
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Ioan Dumitrean: Accounting Department, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2009, vol. 56, 10-26

Abstract: As opposed to the patrimonial assessment methods, which have the disadvantage of being static and past-oriented, the dynamic methods of assessing a company or a business take more into account its future than its present or its past. This paper aims at discussing these dynamic evaluation methods, including those which are specific to the companies listed on the Stock Exchange Market, including the representation of mathematical models which characterize them and by using numerical exam-ples. We expect different values for the same enterprises, depending on the valuation method used.

Keywords: Free Cash – Flow method; Available Cash – Flow method; Irving – Fisher model; Gordon – Shapiro model; Bates model; Molodovski Model; Holt model; PER; EVA; MVA (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aic:journl:y:2009:v:56:p:10-26

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