ПРОБЛЕМИ И АНОМАЛИИ ПРИ ПРИЛОЖЕНИЕТО НА DCF МОДЕЛА ЗА ОЦЕНКА НА КОМПАНИИ-МИШЕНИ
ERRORS AND ANOMALIES IN DCF MODEL OF COMPANY VALUATION
Author(s): Ralitsa DimitrovaSubject(s): Economy, Business Economy / Management, Financial Markets, Socio-Economic Research
Published by: Бургаски свободен университет
Keywords: discount rate; country risk; cash flow; value
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.
Journal: Съвременни управленски практики
- Issue Year: 2016
- Issue No: IX
- Page Range: 155-163
- Page Count: 9
- Language: Bulgarian