Evaluation of Companies: Consistent Approaches
Evaluation of Companies: Consistent Approaches
Author(s): Alexander Fedorovich GRIBOV, Denis Alekseevich Maximov, Elena Yuryevna DOROKHINASubject(s): Law, Constitution, Jurisprudence, Business Economy / Management, Law on Economics
Published by: ASERS Publishing
Keywords: value; investment project; own and borrowed capital; investor; capital structure;
Summary/Abstract: The article discusses the problems of valuing companies. It is shown that on the basis of a generalized model in comparison with the Modigliani-Miller models a number of contradictions can be explained, arising in solving problems of evaluating the effectiveness of investment decisions. It is also shown that the formulas known in corporate finance sometimes lead to false judgments in cases of calculating the value of companies with a debt burden.
Journal: Journal of Advanced Research in Law and Economics (JARLE)
- Issue Year: X/2019
- Issue No: 42
- Page Range: 1205-1212
- Page Count: 8
- Language: English
- Content File-PDF