Warianty tytułu
Valuation of Minority Ownership Interest
Języki publikacji
Abstrakty
Podstawowa różnica pomiędzy udziałami kontrolnymi a udziałami mniejszościowymi sprowadza się do tego, że wartość tych pierwszych jest większa. Wyjaśnienie i obliczenie różnic pomiędzy tymi dwoma wartościami należy do kluczowych kwestii łączących się z wyceną przedsiębiorstw.(fragment tekstu)
The paper discusses the concepts of a minority interest and yaluation of such blocks of shares. Market evidence indicates that minority interest discounts are ąuite substantial, generally greater than most people realize until they have become acąuainted with the actual market data. The definition of a minority interest is control of less than 50% of the shares of a business. The discount for a minority interest results from the unenviable position of the minority sharehołder. The paper presents simple examples of estimating value of a mirwrity Interest(original abstract)
Słowa kluczowe
Rocznik
Numer
Strony
547--556
Opis fizyczny
Twórcy
autor
- Uniwersytet Szczeciński
Bibliografia
- Blackman I.L., Yaluing Your Priyately Held Business. The Art & Science of Establishing Your Company's Worth, Irwin, Burr Ridge, 1995.
- Casey Ch.: Maiketability Discouirts for Controlling Interests Revisited. Business Valuation Review, Yol. 19, No. 1, March 2000.
- Comell B., Corporate Yaluation. Tools for EfiFective Appraisal and Decision Making, McGraw-Hill, Chicago 1993.
- Kam S., H. Schroeder, C. Smith, Pricing Non-Publicly Traded Limited Partnerships, Houlihan Valuation Advisors Yaluation Report, Spring 1994.
- Mercer Z. Ch., Yaluing Financial Institutions, Business One Irwin, Homewood, 1992.
- Mergerstat Review 1994, Houhhan, Lokey, Howard & Zukm, Los Angeles 1995.
- Pratt S.P., Yaluing a Business. The Analysis and Appraisal of Closely Held Companies, Dow Jones-Irwin, Homewood, 1989.
- Pratt S.P., R.F. Reilly, R.P. Schweihs, Yalumg a Business; The Analysis and Appraisal of Closely Held Companies, Irwin Professional Pubhshing, Chicago, 1996.
- Silber W.L., Discounts on Restricted Stock: The Impact of Illiąuidity on Stock Prices, Financial Analysts Journal, July-August 1991.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
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