ПРОБЛЕМИ И АНОМАЛИИ ПРИ ПРИЛОЖЕНИЕТО НА DCF МОДЕЛА ЗА ОЦЕНКА НА КОМПАНИИ-МИШЕНИ
ERRORS AND ANOMALIES IN DCF MODEL OF COMPANY VALUATION

Summary/Abstract: The main objective of this report is to examine the major errors and abnormalities allowed in the application of the model of discounted cash flows to estimate the value of the company in the course of mergers and acquisitions. As a result, many buyers pay too high a premium , and soon after the merger the gap between expected and realized synergies from the deal deepens.

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