SPECIFICITIES OF USING INCOME APPROACH METHODS FOR COMPANY VALUATION
DOI:
https://doi.org/10.30890/2567-5273.2024-33-00-029Ключові слова:
Company value, income approach, valuation method, company valuation, direct capitalization method, discounted cash flow method, dividend discount method, adjusted present value methodАнотація
The article focuses on the examination of the essence of the income approach to company valuation and its application, purposes, and conditions under which it can be used. It discusses the main methods of the income approach, such as the direct capitalizaMetrics
Посилання
Modigliani F., Miller M. (1958). The Cost of Capital Corporation Finance and the Theory of Investment. Journal of Business, vol. 34. pp. 411-433.
Modigliani F., Miller M. (1961). Dividend Policy, Growth and the Valuation of Shares. American Economic Review, vol. 48, pp. 261-297.
Rappaport A. (2006). Ten Ways to Create Shareholder Value. Harvard Business Review. pp. 66-77.
Momot T.V. (2007). Otsinka vartosti biznesu: suchasni tekhnolohii [Business valuation: modern technologies]. Kharkiv: Factor, pp. 29-30.
Mozenkov O.V., Kaliuzhnyi V.V. (2009). Rynkova vartist kompanii u systemi zakhystu korporatyvnykh prav derzhavy [Market value of companies in the system of state corporate rights protection]. Finansy Ukrainy [Finance of Ukraine], issue 2, pp. 83-98.
Iorgachova M.I., Kovalova O.M., Kotsiurubenko H. M. (2020). Vartisno-oriientovane upravlinnia v systemi korporatyvnoho upravlinnia kompaniieiu [Value-based management in the corporate governance system of the company]. Ekonomika ta derzhava [Economy and state], issue 5. pp. 111-115.
Kostyrko R.O., Zamai O.O. (2022). Vartisno-oriientovana zvitnist yak instrument transparentnosti finansovoho ta upravlinskoho obliku [Value-oriented reporting as a tool for transparency in financial and aanagerial accounting]. Ekonomika ta derzhava [Economic and state], issue 5, pp. 50-55.
Fisher I. (1930). The Theory of Interest. New York: MacMillan.
Mendrul O.H. (2002). Upravlinnia vartistiu pidpryiemstv [Enterprise Value Management]: monohrafiia [Monograph]. Kyiv: KNEU, pp. 21—22.
Shtefan N.M. (2021). Udoskonalennia metodiv otsinky vartosti promyslovykh pidpryiemstv [Improvement of methods for valuing industrial enterprises]. Ekonomichnyi visnyk [Economic Herald], issue 3, pp. 182-190.
Senderovych A.I. (2018). Suchasni modeli otsinky vartosti kompanii [Modern models of a company evaluation]. Ekonomichna nauka [Economic science], issue 1, pp. 99-106.
Kulbach Y.O. (2021). Mekhanizm upravlinnia vartistiu pidpryiemstva [Mechanism of value-based management]. Investytsii: praktyka ta dosvid [Investments: practice and experience], issue 23, pp. 82-86.
Mozenkov O. (2021). Problemy zastosuvannia vartisnykh pokaznykiv dlia otsinky diialnosti ta prohnozuvannia rozvytku pidpryiemstv z korporatyvnymy pravamy [Problems of using value indicators to evaluate the activity and forecast the development of enterprises with corporate rights]. Economist, issue 6, pp. 54-59.
Koryagin M.V. (2018). Pidkhody do vyznachennia poniattia vartosti pidpryiemstva ta yikh rozvytok [Approaches to defining the concept of enterprise value and their development]. Lviv Polytechnic National University Institutional Repository, issue 1, pp. 121-126.
Опубліковано
Як цитувати
Номер
Розділ
Ліцензія
Авторське право (c) 2024 Автори
Ця робота ліцензується відповідно до Creative Commons Attribution 4.0 International License.
