Original title: Principles and Pitfalls of Terminal Value in DCF
Translated title: Principy a nástrahy terminální hodnoty v DCF
Authors: Dvořák, Antonín ; Kislingerová, Eva (advisor) ; Hnilica, Jiří (referee)
Document type: Master’s theses
Year: 2007
Language: eng
Publisher: Vysoká škola ekonomická v Praze
Abstract: The thesis deals with the topic of terminal value assessment in DCF models. Examining ten different techniques, the parameters behind, and the possible perils, its aim is to formulate the best practice for terminal value estimation. Afterwards, eleven of real business valuations are analyzed with the previously formulated best practice serving as a benchmark. Where possible, the impact of departures from the best practice on the estimated business value is quantified. The analysis confirms the hypothesis that practical terminal value assessments often diverge substantially from the best practice, which has a material impact on the resulting business value estimate.
Keywords: business valuation; continuing value; terminal value; valuation; valuation reports

Institution: University of Economics, Prague (web)
Document availability information: Available in the digital repository of the University of Economics, Prague.
Original record: http://www.vse.cz/vskp/eid/4033

Permalink: http://www.nusl.cz/ntk/nusl-2211


The record appears in these collections:
Universities and colleges > Public universities > University of Economics, Prague
Academic theses (ETDs) > Master’s theses