Warianty tytułu
Corporate Valuation for Restructuring Process
Języki publikacji
Abstrakty
Celem artykułu jest przedstawienie metod wyceny przedsiębiorstw i ich majątku stosowanych w procesie restrukturyzacji przedsiębiorstw. Omówiono zagadnienie restrukturyzacji jako przesłanki wyceny przedsiębiorstwa oraz problem wyceny przedsiębiorstw nierentownych.
The major goal of corporate management in modern market economy is maximization of corporate value. The corporate value can be applied as the criterion to estimate every strategical and operational business decision. Theoretically described and practically proved methods of corporate valuation seem today as key tools for effective corporate financing management. The corporate valuation gains special importance, when the company is to override some internal and external barriers of its growth. The appearance of those barriers forces the company to restructuring its business activity throughout radical multidirectional changes. Results of every change: changes in internal organisation, change in structure of capital, sale the part of company, marger or aquisition, require to measure their influence on corporate value. Industrial restructuring require to apply all known approaches to corporate valuation: the book value approach, the stock and debt approach and the discounted cash flow approach. The choice of valuation method in restructuring processes is especially limited by the aim of valuation and economic situation of valuating company. This article focuses on methods of corporate valuation applied in restructuring processes.(original abstract)
Rocznik
Numer
Strony
43--54
Opis fizyczny
Twórcy
autor
Bibliografia
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
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