La valoración de empresas asociativas agrarias: una aplicación de la metodología analógico-bursátil

José Miguel Sales Civera
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José Miguel Sales Civera: Universidad Miguel Hernández de Elche

CIRIEC-España, revista de economía pública, social y cooperativa, 2002, issue 41, 213-234

Abstract: Co-operative companies, in contrast to limited companies, cannot be listed on the stock market, hence no mechanism such as the stock exchange rate exists to assign them a value, so that co-operative executives do not have an external mechanism judging their management. To correct this situation as far as possible the analogical-stock market valuation emerges as an alternative for agricultural companies, a methodology proposed by Caballer and Moya in 1997 and subsequently extended by the same authors in year 2000. In this study the dynamic methods of analogical-stock market valuation are applied to a group of APCs and agricultural co-operatives.

Keywords: Analogical-stock market valuation; Co-operatives; Agricultural Producer Companies; company management; dynamic valuation models. (search for similar items in EconPapers)
JEL-codes: C10 C12 P13 Q13 (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:cic:revcir:y:2002:i:41:p:213-234

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