{"product_id":"principles-of-private-firm-valuation-hardcover","title":"Principles of Private Firm Valuation - Hardcover","description":"\u003cp\u003eby \u003cb\u003eStanley J. Feldman\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eA complete explanation of the issues that determine private firm value\u003cbr\u003e Principles of Private Firm Valuation combines recent academic research and practical real-world experience to help readers better understand the multitude of factors that determine private firm value. For the financial professional serving private firms-who are increasingly being called upon to give advice on issues related to firm valuation and deal structure-this comprehensive guide discusses critical topics, including how firms create value and how to measure it, valuing control, determining the size of the marketability discount, creating transparency and the implications for value, the value of tax pass-through entities versus a C corporation, determining transaction value, and the valuation implications of FASB 141 (purchase price accounting) and 142 (goodwill impairment).\u003cbr\u003e Dr. Stanley J. Feldman (Lowell, MA) is Associate Professor of Finance at Bentley College, where he currently teaches courses in corporate finance with a focus on business valuation and business strategy at both the graduate and undergraduate levels. He is a member of the FASB Valuation Resource Group and is Chairman and cofounder of Axiom Valuation Solutions.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003eThe entrepreneurial explosion in the United States over the last thirty years has resulted in a record number of established private businesses. If you're a financial professional serving these private firms--as a CPA, valuation analyst, or even CFO--you've probably been called upon to give advice on issues such as firm valuation, deal structure, and related business transition planning. Whether you're looking to use valuation in preparation for a private firm transaction or strictly for tax-related reasons, you need a solid understanding of how private firm valuation works. \u003c\/p\u003e\u003cp\u003eWritten by valuation expert Stanley Feldman, Principles of Private Firm Valuation integrates academic research results with on-the-ground experience, in order to provide more disciplined guidance on how you should address several of the most important--and largely unresolved--issues in the arena of private firm valuation. Filled with in-depth insights and practical advice, this comprehensive resource offers an executive education on important valuation issues, including: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eAssessing which valuation method is most accurate--discounted free cash flow or the method of multiples\u003c\/li\u003e \u003cli\u003eEstimating the size of the marketability discount\u003c\/li\u003e \u003cli\u003eEstimating the value of control and its implication for valuing minority interests in a private firm\u003c\/li\u003e \u003cli\u003eThe influence of taxes on firm value, specifically whether S corporations are worth more than equivalent C corporations\u003c\/li\u003e \u003cli\u003eHow best to estimate a private firm's cost of capital--with a focus on the adjusted version of the CAPM, known as the build-up method\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFrom introducing a framework designed to measure the value benefits of various strategic initiatives to outlining the valuation implications of FAS 141 (Accounting for Business Combinations) and FAS 142 (Accounting for Goodwill and Other Intangible Assets), Principles of Private Firm Valuation covers some of today's most important valuation issues.\u003c\/p\u003e \u003cp\u003eWeaving recent academic research with real-world case studies, this unique guide offers the most up-to-date tools and techniques needed to properly perform private firm valuation.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePrinciples of Private Firm Valuation\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eThe entrepreneurial explosion in the United States over the last thirty years has resulted in a record number of established private businesses. If you're a financial professional serving these private firms--as a CPA, valuation analyst, or even CFO--you've probably been called upon to give advice on issues such as firm valuation, deal structure, and related business transition planning. Whether you're looking to use valuation in preparation for a private firm transaction or strictly for tax-related reasons, you need a solid understanding of how private firm valuation works. \u003c\/p\u003e\u003cp\u003eWritten by valuation expert Stanley Feldman, \u003ci\u003ePrinciples of Private Firm Valuation\u003c\/i\u003e integrates academic research results with on-the-ground experience, in order to provide more disciplined guidance on how you should address several of the most important--and largely unresolved--issues in the arena of private firm valuation. Filled with in-depth insights and practical advice, this comprehensive resource offers an executive education on important valuation issues, including: \u003c\/p\u003e\u003cul\u003e \u003cli\u003e\u003cb\u003eAssessing which valuation method is most accurate--discounted free cash flow or the method of multiples\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\u003cb\u003eEstimating the size of the marketability discount\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\u003cb\u003eEstimating the value of control and its implication for valuing minority interests in a private firm\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\u003cb\u003eThe influence of taxes on firm value, specifically whether S corporations are worth more than equivalent C corporations\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\u003cb\u003eHow best to estimate a private firm's cost of capital--with a focus on the adjusted version of the CAPM, known as the build-up method\u003c\/b\u003e\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFrom introducing a framework designed to measure the value benefits of various strategic initiatives to outlining the valuation implications of FAS 141 (Accounting for Business Combinations) and FAS 142 (Accounting for Goodwill and Other Intangible Assets), \u003ci\u003ePrinciples of Private Firm Valuation\u003c\/i\u003e covers some of today's most important valuation issues. \u003c\/p\u003e\u003cp\u003eWeaving recent academic research with real-world case studies, this unique guide offers the most up-to-date tools and techniques needed to properly perform private firm valuation.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eDR. STANLEY J. FELDMAN\u003c\/b\u003e is Associate Professor of Finance at Bentley College, where he currently teaches graduate and undergraduate courses in corporate finance with a focus on business valuation and business strategy. He is a member of the FASB Valuation Resource Group and is Chairman and cofounder of Axiom Valuation Solutions. Dr. Feldman has written extensively on issues related to business valuation and small business financing for the \u003ci\u003eBoston Herald\u003c\/i\u003e and the \u003ci\u003eBoston Business Journal\u003c\/i\u003e, and lectures at both academic and professional conferences. He received his PhD from New York University.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 192\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.76 x 9.34 x 6.24 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e April 06, 2005\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":47453434118322,"sku":"9780471487210","price":85.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0770\/3891\/1666\/files\/f8937bf79297b7b9b84dc763b76fbeda.webp?v=1778830624","url":"https:\/\/box.dadyminds.org\/products\/principles-of-private-firm-valuation-hardcover","provider":"DADYMINDS BOX","version":"1.0","type":"link"}