Quantitative Business Valuation : A Mathematical Approach for Today's Professionals

Jay B Abrams

ISBN 10: 0470390166 / ISBN 13: 9780470390160

Published by Wiley Mär 2010, 2010

About this Item

Neuware - Praise for the First Edition of Quantitative Business ValuationA Mathematical Approach for Today's Professionals'Jay Abrams' book is close to the equivalent of several graduate dissertations rolled into one book. For each topic (covered), he presents a scholarly summary of past research, new empirical research of his own, and his conclusions. It is a well-documented contribution to in-depth understanding of important business valuation issues, and should not be overlooked by the serious practitioner.'Shannon Pratt, DBAManaging Director, Willamette Management AssociatesCoauthor, Valuing a Business'A must-read for the serious business appraiser.'Jay E. Fishman, ASA, CBAPresident, Financial Research, Inc.'The problem of simplified valuation procedures and coherent theory still remains complex and is ever evolving. Jay Abrams deals very effectively with this complexity through the use of mathematical formulas. Input to his models is explained with clarity and effectiveness, which adds to the overall value of this advanced text on business valuation.'Terry A. Isom, Chairman, National Association of Certified Valuation Analysts'Jay Abrams' book strives to provide mathematical modeling for what practitioners often do by reasoning alone. This book is a must-read for practitioners who are searching for additional techniques for dealing with some of business valuation's imponderables.'David M. Bishop, FIBA, BVAL, ASA, MCBAPresident, American Business Appraisers, Inc.'Jay Abrams' book will not only challenge the top theoreticians in the field; his step-by-step explanations will make advanced quantitative techniques available to the many appraisers who are not capable of independently creating the underlying mathematical analysis.'Kent Osborne, ASAChairman, Editorial Review Board of the American Society of Appraisers'While a proliferation of business valuation treatises and guides exists in the market, most are very general in nature and do nothing more than rehash fundamental concepts. I am unaware of any author who has stepped into the unknown as Jay Abrams has and compiled and developed a treatise of extremely useful analytical tools for the serious valuator.'Robert J. Grossman, CPA/ABV, ASA, CVAPartner, Grossman Yanak & Ford'Jay Abrams develops unusual approaches which merit consideration when 'cookie cutter' methodologies are inadequate. This manuscript contributes to the dialogue among practitioners and strengthens the theoretical foundations of business valuation.'Herbert T. SpiroPresident, American Valuation Group, Inc.'There is no question about it, the use of rigorous quantitative methods is the cure for subjective valuation analysis. This book not only satisfies this need--which has grown considerably in recent years--but is chock-full of new tools that have been carefully developed.'Edward MurrayValuation Partner, Arthur Andersen, LLP.

Seller Inventory # 9780470390160

Bibliographic Details

• Title: Quantitative Business Valuation : A Mathematical Approach for Today's Professionals
• Publisher: Wiley Mär 2010
• Publication Date: 2010
• Language: English
• ISBN 10: 0470390166
• ISBN 13: 9780470390160
• Binding: Buch
• Edition: 2nd Edition
• Condition: Neu

About this title

Synopsis

Quantitative Business Valuation
A Mathematical Approach for Today's Professionals

Essential reading for the serious business appraiser, Quantitative Business Valuation, Second Edition is the definitive guide to quantitative measurements in the valuation process. No other book written on business valuation is as well researched, innovative, and bottom-line beneficial to you as a practitioner.

Written by leading valuation and litigation economist Jay B. Abrams, this text is a rigorous and eye-opening treatment filled with applications for a wide variety of scenarios in the valuation of your privately held business.

Substantially revised for greater clarity and logical flow, the Second Edition includes new coverage of:

• Converting forecast net income to forecast cash flow
• Damages in manufacturing firms
• Regressing scaled y-variables as a way to control for heteroscedasticity
• Mathematical derivation of the Price-to-Sales (PS) ratio
• Monte Carlo Simulation (MCS) and Real Options (RO) Analysis
• Venture capital and angel investor rates of return
• Lost inventory and lost profits damage formulas in litigation

Organized into seven sections, the first three parts of this book follow the chronological sequence of performing a discounted cash flow. The fourth part puts it all together, covering empirical testing of Abrams' valuation theory and measuring valuation uncertainty and error. Parts five to seven round it all out with discussion of litigation, valuing ESOPs and partnership buyouts, and probabilistic methods including valuing start-ups.

The resulting work, solidly grounded in economic theory and including all necessary mathematics, integrates existing science into the valuation profession—and develops valuation formulas and models that you will find useful on a daily basis.

About the Author

JAY B. ABRAMS is a leading valuation and litigation economist. He is the principal in Abrams Valuation Group, Inc. and is credited with numerous inventions, including the Abrams Log Size Model for calculating discount rates. He is also a popular finance lecturer and the author of numerous journal articles.