Valuing a business : the analysis and appraisal of closely held companies

書誌事項

Valuing a business : the analysis and appraisal of closely held companies

Shannon P. Pratt, Robert F. Reilly, Robert P. Schweihs

McGraw-Hill, c2000

4th ed

大学図書館所蔵 件 / 9

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注記

Includes bibliographical references and index

内容説明・目次

内容説明

"Valuing a Business 4th Edition: The Analysis and Appraisal of Closely Held Companies" is written by Shannon P. Pratt, Robert F. Reilly, and Robert P. Schweihs. It is the business world's most accurate and indispensable valuation reference - updated for a new century and business environment first published in 1981. "Valuing a Business" by Shannon P. Pratt, Robert F. Reilly, and Robert P. Schweihs has become today's standard business valuation reference.Look to this substantially revised, completely updated fourth edition for in-depth, authoritative coverage that includes: Credentials and Standards; Theory and Principles; Gathering Company, Industry, and Economic Data; Analyzing Financial Statements; Business Valuation Approaches and Methods - Income, Market, and Asset-Based; Control and Acquisition Premiums; Lack of Marketability, Lack of Control, and Other Discounts; Writing and Reviewing Valuation Reports; Valuing Debt Securities, Preferred Stock, Stock Options, and Pass-Through Securities; Valuations for Specific Purposes - Estate and Gift Tax, Buy-Sell Agreements, Income Tax, Employee Stock Ownership Plans, Ad Valorem Taxation, Dissenting Stockholder, Minority Oppression, Marital Dissolution; Litigation Support; Expert Witness Testimony; and Arbitration and Mediation. Comprehensive in coverage and authoritative in treatment, "Valuing a Business" is recognized worldwide as an unquestionable resource for business valuation information. With this updated edition, it maintains its role as the standard reference for defining the methodology of business valuation - for businesses of all sizes - and then arriving at an accurate and supportable estimation of value."Valuing a Business 4th Edition: The Analysis and Appraisal of Closely Held Companies" is written by Shannon P. Pratt, Robert F. Reilly, Robert P. Schweihs. For nearly two decades, and through three previous editions, "Valuing a Business" has provided trusted, complete business valuation information for experienced business valuation analysts, beginning analysts and students, and all professionals needing complete valuation information. Its clear, concise explanations of valuation methods and conclusions have made it the classic text against which all other valuation books are measured."Valuing a Business, 4th edition", continues this tradition of excellence into the 21st century. Shannon P. Pratt, Robert F. Reilly, and Robert P. Schweihs once again deliver a well-crafted package of updated information and application, carefully balancing the art and science of business appraisal as they provide no-nonsense guidelines for successfully completing any business valuation assignment. An emphasis on court cases throughout the guide provides firsthand examples of valuation in action.Extensively reworked and rewritten, this landmark book widens its focus to encompass: the growing consensus regarding business appraisal professional standards; updated valuation court case decisions; expanded data sources, especially for the market approach; valuation of stock options; arbitration and mediation; discounts and premiums; and international glossary of business valuation terms.While other books focus on particular valuation situations and questions, only "Valuing a Business" explores and answers every facet of virtually every business valuation question. As new technologies and practices breed rampant changes in the nature and structure of business worldwide, let the respected Pratt/Reilly/Schweihs team keep you current with the revised and updated "Valuing a Business, 4th edition". From identifying and clearly defining the purpose of the valuation assignment through the use of arbitration or mediation to settle disputes, it remains today's most complete business valuation resource - and a necessary addition to any business library.Shannon P. Pratt, DBA, Robert F. Reilly, MBA, and Robert P. Schweihs, MBA, are managing directors of Willamette Management Associates, one of the oldest and largest independent valuation consulting, economic analysis, and financial advisory firms in the country. Dr. Pratt, a chartered financial analyst, fellow of the American Society of Appraisers, and life member of the Institute of Business Appraisers, is also editor-in-chief of the monthly newsletters Shannon Pratt's "Business Valuation Update and Judges" and "Lawyers Business Valuation Update".Mr. Reilly is an accredited senior appraiser (certified in business valuation), certified business appraiser, chartered financial analyst, certified public accountant (accredited in business valuation), certified management accountant, and state-certified affiliate of the Appraisal Institute. He currently serves as an editor and contributor to such professional journals as "The American Bankruptcy Institute Journal" and "The Journal of Property Tax Administration".Mr. Schweihs, an accredited senior appraiser of the American Society of Appraisers (certified in business valuation), is a trustee of The Appraisal Foundation and is a frequent expert witness in valuation court cases and speaker to professional societies. Among them, the three have written or edited numerous professional valuation books, including "Valuing Small Businesses and Professional Practices", "Valuing Intangible Assets", "The Handbook of Advanced Business Valuation", and "Judges and Lawyers Business Valuation Handbook".

目次

Part I: State of the Profession, the Engagement, and the Basic Theory. Business Valuation Standards and Credentials. Defining the Assignment. Business Valuation Theory and Principles. Part II: Gathering and Analyzing Data. Gathering Company Data. Site Visits. Researching Economic and Industry Information. Analyzing Financial Statements. Financial Statement Ratio Analysis. Part III: Business Valuation Approaches and Methods. Income Approach: Discounted Future Economic Income Method. Income Approach: Capitalized Future Economic Income Method. Market Approach: Guideline Publicly Traded Company Method. Market Approach: Guideline Merged and Acquired Company Method. The Capitalized Excess Earnings Method. Asset-Based Approach: Asset Accumulation Method. Part IV: Discounts, Premiums, and the Value Conclusion. Control and Acquisition Premiums. Discount for Lack of Control. Discounts for Illiquidity and Lack of Marketability. Other Valuation Discounts. Valuation Synthesis and Conclusion. Part V: Writing and Reviewing Valuation Reports. Writing the Business Valuation Report. Sample Report. Reviewing a Business Valuation Report. Part VI: Valuing Specific Securities and Interests. Valuing Debt Securities. Valuing Preferred Stock. Valuing Stock Options. Pass-Through Entities. Part VII: Valuations for Specific Purposes. Valuations for Estate and Gift Tax Purposes. Estate and Gift Tax Court Cases. Buy-Sell Agreements. Valuation for Income Tax Purposes. Income Tax Court Cases. Valuations for Employee Stock Ownership Plans. ESOP Court Cases. Valuations for Ad Valorem Taxation. Dissenting Stockholder and Minority Oppression Actions. Dissenting Stockholder and Minority Oppression Court Cases. Valuations for Marital Dissolution Purposes. Marital Dissolution Court Cases. Part VIII: Litigation and Dispute Resolution. Litigation Support Services. Expert Testimony. Arbitration and Mediation.

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