Description

• Title:
  The Effects of a Change in the Environment on Business Valuation Using the Income Capitalization Approach
• Creator:
  Režňáková, Mária;
  Karas, Michal
• Description:
  Determining the company value in the conditions of unstable development is a very difficult, almost sophisticated activity. The experience of authors confirms high sensitivity of the resulting company value in relation to critical input parameters, which are known as value drivers. One of these drivers, in case of determining the company value using the income capitalization approach, is the expected sales. In practice, some authors, but mainly experts, limit sales forecast to extrapolation of the identified trend of the past development, while neglecting the importance of the strategic analysis. The aim of the strategic analysis is to identify all factors which may influence future company objectives, i.e. also future sales. This article provides a possible approach to the correction of sales forecast based on the information gained from the strategic analysis.
• Object availability:
  free access
• Rights:
  Prawa autorskie (c) 2015 Equilibrium
• Date:
  2012.06.06
• Type:
  info:eu-repo/semantics/article;
  info:eu-repo/semantics/publishedVersion
• Language:
  English
• Source:
  Equilibrium; Bd. 7 Nr. 2 (2012); 119-137;
  Equilibrium. Equilibrium. Quarterly Journal of Economics and Economic Policy; Vol. 7 No. 2 (2012); 119-137;
  Equilibrium; Tom 7 Nr 2 (2012); 119-137
• Format:
  application/pdf
• Publisher:
  Uniwersytet Mikołaja Kopernika
• Relation: https://apcz.umk.pl/EQUIL/article/view/EQUIL.2012.014/6539
• Subject:
  strategic analysis;
  business valuation;
  sales forecast process
• Identifier: https://apcz.umk.pl/EQUIL/article/view/EQUIL.2012.014
• Data provider:
  Akademicka Platforma Czasopism
• Can I use it?:
  seek permission
• Type:
  text