Valuation of a Company using Time Series Analysis

Pohl Philipp ()
Additional contact information
Pohl Philipp: Department of Business, Cooperative State University Karlsruhe, Erzbergerstrasse 121, 76133Karlsruhe, Germany

Journal of Business Valuation and Economic Loss Analysis, 2017, vol. 12, issue 1, 1-39

Abstract: In this paper we present an approach to value-based management of companies using time series analysis. We present a technique for projecting cash flows in order to calculate the company value using time series analysis. We consider a new, indirect approach and a direct approach of projecting cash flows. We analyse both models from the perspective of value-based management. Finally, company value is calculated for both models, as a point estimate and as a distribution function respectively. As shown in the article, the distribution function of corporate value is a normal distribution function. On this basis, it is possible to apply all instruments of value-at-risk analysis.

Keywords: time series analysis; value-at-risk analysis; value-based management (search for similar items in EconPapers)
JEL-codes: C53 G32 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/jbvela-2015-0004 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:jbvela:v:12:y:2017:i:1:p:1-39:n:3

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/jbvela/html

DOI: 10.1515/jbvela-2015-0004

Access Statistics for this article

Journal of Business Valuation and Economic Loss Analysis is currently edited by Bradley T. Ewing and James J. Hoffman

More articles in Journal of Business Valuation and Economic Loss Analysis from De Gruyter
Bibliographic data for series maintained by Peter Golla ().