Valuation of companies not quoted on the stock market

Fernandes,  António B.; Armada, Manuel José da Rocha; Rodrigues, Lúcia Lima

http://hdl.handle.net/10198/4768

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Authors

Fernandes, António B.

Armada, Manuel José da Rocha

Rodrigues, Lúcia Lima

Abstract(s)

Valuation of companies not quoted on the stock market, arch of relatively small sizee have not been studied (evaluated) as compared with other large and quoted companies. In the present study, and as starting point, we apply the “CVA – Cash Value Added” method particularly adequate for the type of Portuguese (Small) firms. We proceed by performing a sensitivity and simulation analysis, in order to estimate the associated with the previous classic (static) valuation methodology. This, in our opinion, is another contribution of this research.

Keywords

Valuation of firms Traditional (static) CVA Firms not quoted on the stock market Small firms Simulation analysis Risk

URI

http://hdl.handle.net/10198/4768

Citation

Fernandes, António B.; Armada, Manuel J. Rocha; Rodrigues, Lúcia Maria Portela Lima (2005)- Valuation of companies not quoted on the stock market. In 3º International Finance Conference IFC 3. Hammamet - Tunisia.