Methods for Valuation of a Target Company at the M&A Market

D 2012

Methods for Valuation of a Target Company at the M&A Market

SEDLÁČEK, Jaroslav, Alois KONEČNÝ a Zuzana KŘÍŽOVÁ

Základní údaje

Originální název

Methods for Valuation of a Target Company at the M&A Market

Autoři

SEDLÁČEK, Jaroslav (203 Česká republika, garant, domácí), Alois KONEČNÝ (203 Česká republika, domácí) a Zuzana KŘÍŽOVÁ (203 Česká republika, domácí)

Vydání

1. vyd. Montreux, MATHEMATICAL METHODS for INFORMATION SCIENCE and ECONOMICS, od s. 255-260, 6 s. 2012

Nakladatel

WSEAS Press

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Švýcarsko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Kód RIV

RIV/00216224:14560/12:00058028

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-1-61804-148-7

Klíčová slova anglicky

mergers and acquisitions; planning; implementation; integration; due diligence; target firm; methods of valuation; discounted cash flow method

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 2. 7. 2013 16:39, Ing. Zuzana Křížová, Ph.D.

Anotace

V originále

Mergers and acquisitions are a used and respected alternative to a company’s organic growth and they are a significant channel of capital redistribution. The actual process of company combinations is performed in more possible forms and it is affected by a number of factors of local, regional, national and global character, which may not lead to a successful end. It is an investment that does not occur in a company’s life very often. The process can be divided into three stages: preparation and plan; implementation; and integration. The key factor of the first stage is the establishment of the value of the target company as a basis for successful negotiations. The implementation stage is a stage of analyses. At the third stage the acquiring business manages the demanded changes in the acquired business. The aims of this paper are to analyse valuation methods and outline the procedure for using the discounted cash flow method adapted to the conditions of the Czech M&A market. Especially risk factors and their reflection in the valuation method are considered.

Návaznosti

GAP403/11/0447, projekt VaV

Název: Analýza daňových a účetních postupů při fúzích

Přiložené soubory

MMISE-43_clanek_sbornik.pdf

Požádat o autorskou verzi souboru

Citovat

SEDLÁČEK, Jaroslav, Alois KONEČNÝ a Zuzana KŘÍŽOVÁ. Methods for Valuation of a Target Company at the M&A Market. In Nikos Mastorakis, Elena Zaitseva, Dragan Randjelovic, Kevin Kam Fung Yuen, Claudia-Georgeta Carstea, Sorinel Capusneanu, Alin Larion. MATHEMATICAL METHODS for INFORMATION SCIENCE and ECONOMICS. 1. vyd. Montreux: WSEAS Press, 2012, s. 255-260. ISBN 978-1-61804-148-7.

@inproceedings{1081063,
   author = {Sedláček, Jaroslav and Konečný, Alois and Křížová, Zuzana},
   address = {Montreux},
   booktitle = {MATHEMATICAL METHODS for INFORMATION SCIENCE and ECONOMICS},
   edition = {1.},
   editor = {Nikos Mastorakis, Elena Zaitseva, Dragan Randjelovic, Kevin Kam Fung Yuen, Claudia-Georgeta Carstea, Sorinel Capusneanu, Alin Larion},
   keywords = {mergers and acquisitions; planning; implementation; integration; due diligence; target firm; methods of valuation; discounted cash flow method},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Montreux},
   isbn = {978-1-61804-148-7},
   pages = {255-260},
   publisher = {WSEAS Press},
   title = {Methods for Valuation of a Target Company at the M&A Market},
   year = {2012}
}

TY  - JOUR
ID  - 1081063
AU  - Sedláček, Jaroslav - Konečný, Alois - Křížová, Zuzana
PY  - 2012
TI  - Methods for Valuation of a Target Company at the M&A Market
PB  - WSEAS Press
CY  - Montreux
SN  - 9781618041487
KW  - mergers and acquisitions
KW  - planning
KW  - implementation
KW  - integration
KW  - due diligence
KW  - target firm
KW  - methods of valuation
KW  - discounted cash flow method
N2  - Mergers and acquisitions are a used and respected alternative to a company’s organic growth and they are a significant channel of capital redistribution. The actual process of company combinations is performed in more possible forms and it is affected by a number of factors of local, regional, national and global character, which may not lead to a successful end. It is an investment that does not occur in a company’s life very often. The process can be divided into three stages: preparation and plan; implementation; and integration. The key factor of the first stage is the establishment of the value of the target company as a basis for successful negotiations. The implementation stage is a stage of analyses. At the third stage the acquiring business manages the demanded changes in the acquired business. The aims of this paper are to analyse valuation methods and outline the procedure for using the discounted cash flow method adapted to the conditions of the Czech M&A market. Especially risk factors and their reflection in the valuation method are considered.
ER  -

SEDLÁČEK, Jaroslav, Alois KONEČNÝ a Zuzana KŘÍŽOVÁ. Methods for Valuation of a Target Company at the M\&{}A Market. In Nikos Mastorakis, Elena Zaitseva, Dragan Randjelovic, Kevin Kam Fung Yuen, Claudia-Georgeta Carstea, Sorinel Capusneanu, Alin Larion. \textit{MATHEMATICAL METHODS for INFORMATION SCIENCE and ECONOMICS}. 1. vyd. Montreux: WSEAS Press, 2012, s.~255-260. ISBN~978-1-61804-148-7.

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