Avaliação de Pequenas e Médias Empresas e Gestão de Risco

José Rodrigues de Jesús (), Luís Miranda da Rocha () and Rui Viana
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José Rodrigues de Jesús: Faculdade de Economia da Universidade do Porto
Luís Miranda da Rocha: Faculdade de Economia da Universidade do Porto

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: Using the Free Cash-Flow method in the valuation of small or medium enterprises is far different from the valuation of their larger counterparts: firstly, it's important to make some adjustments to the financial statements, in order to predict the future cash-flows; secondly, the calculation of the weighted average cost of capital is rather subjective. Risk-management practices may have important effects not only in the future cashflows, but also in the cost of capital.

Keywords: Valuation; Small and Medium Enterprises; Risk Management (search for similar items in EconPapers)
Pages: 22 pages
Date: 2001-10
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:por:fepwps:110

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