This paper demonstrates that the minimum rate of return (ke) required by family business
shareholders is inversely related to the emotional endowment presented in these firms. After …

The aim of this paper is to contribute to a deeper knowledge of the discount rate in the
framework of privately held company (PHC) valuation. Their main purpose is to test if the …

This study focuses on answering whether EV/EBITDA multiple of public companies in the
food industry can be useful to obtain the Terminal Value (TV) in the valuation of unlisted …

This paper demonstrates that the minimum rate of return (ke) required by family business
shareholders is inversely related to the emotional endowment presented in these firms. After …

Purpose–The International Valuations Standards Committee adopts the Capital Asset
Pricing Model as a method for estimation of the cost of equity. It has several drawbacks and …

A common prerequisite in valuation analysis is the availability of temporal information on
financial variables. Nevertheless, reduced size companies-representing more than 98% on …

IFRS 13, adopted in 2013, introduced a general framework for fair value valuation of
unquoted equity instruments. It has to be performed in line with the “highest and best use” …

The discount for lack of marketability (DLOM) is the difference in value between a public and
a comparable private company. However, a growing body of evidence suggests that the …

The calculus of the minimum rate of return is a centerpiece of the business world that poses
a considerable challenge in the case of owner-investors and professional who advise …

Jelen doktori értekezés célja egy olyan diszkont alkalmazhatóságának vizsgálata és
módszertani megalapozása, amely a kis-és középvállalkozások értékelésekor nyújthat …