SEDLÁČEK, Jaroslav, Alois KONEČNÝ and 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. 1st ed. Montreux: WSEAS Press, 2012. p. 255-260. ISBN 978-1-61804-148-7.
Other formats:   BibTeX LaTeX RIS
Basic information
Original name Methods for Valuation of a Target Company at the M&A Market
Authors SEDLÁČEK, Jaroslav (203 Czech Republic, guarantor, belonging to the institution), Alois KONEČNÝ (203 Czech Republic, belonging to the institution) and Zuzana KŘÍŽOVÁ (203 Czech Republic, belonging to the institution).
Edition 1. vyd. Montreux, MATHEMATICAL METHODS for INFORMATION SCIENCE and ECONOMICS, p. 255-260, 6 pp. 2012.
Publisher WSEAS Press
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50200 5.2 Economics and Business
Country of publisher Switzerland
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
RIV identification code RIV/00216224:14560/12:00058028
Organization unit Faculty of Economics and Administration
ISBN 978-1-61804-148-7
Keywords in English mergers and acquisitions; planning; implementation; integration; due diligence; target firm; methods of valuation; discounted cash flow method
Tags International impact, Reviewed
Changed by Changed by: Ing. Zuzana Křížová, Ph.D., učo 49989. Changed: 2. 7. 2013 16:39.
Abstract
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.
Links
GAP403/11/0447, research and development projectName: Analýza daňových a účetních postupů při fúzích
PrintDisplayed: 10. 8. 2022 10:17