Evaluation of the Market Value of the Enterprise with Consideration of Exogenous Factors
Journal Title: Business Ethics and Leadership (BEL) - Year 2017, Vol 1, Issue 3
Abstract
The interrelation between the value characteristics of the enterprise (market value and market cost) is investigated. The economic model of formation of market value of the enterprise taking into account five basic components (the potential of the enterprise, financial capital, external factors, information about the enterprise and time) is proposed. The proposed components identify the base drivers of cost formation. These drivers are the cash flow of receipts and expenditures, the cost of capital, as well as the influence of factors of risk and uncertainty. In the context of these components, a universal complex of factors of formation and destruction of the market value of the enterprise is formed and their hierarchical classification is constructed. In this classification, the levels of significance of individual components and factors for the formation of the individual and aggregate values of the enterprise are established. The substantiation of the scientific provisions set forth in this article is based on the use of general scientific methods of analysis and synthesis, research of systems, econometric meta-modeling, and also methods of analysis of hierarchies. To choose the approach to the estimation of the value of the enterprise, as well as to construct a hierarchical system of factors of formation of the value of the enterprise, we used the Tomas Saati’s method.
Authors and Affiliations
Iryna Boiarko, Arvydas Paskevicius
Keywords
Related Articles
- EP ID EP460618
- DOI 10.21272/bel.1(3).75-83.2017
- Views 115
- Downloads 0
Measuring Efficiency of Financial Support in Lifelong Learning System: A Case Study of Ukrainian Regions
The development of a quality lifelong learning system (LLLS) provides the possibility of obtaining education of various forms (institutional, individual, dual), levels (pre-school, full secondary education, higher educat...
The Essence of Ethical Leadership and Its Influence in Achieving Employees’ Job Satisfaction
This study strongly conveys that, ethical practices have to be followed by organizations to ensure employees’ job satisfaction, achieving employees’ job satisfaction is essential for the success and longevity of the orga...
Evaluation of the Market Value of the Enterprise with Consideration of Exogenous Factors
The interrelation between the value characteristics of the enterprise (market value and market cost) is investigated. The economic model of formation of market value of the enterprise taking into account five basic compo...
Breaking the Glass Ceiling Philosophy and Reality: A Study of Gender Progress and Career Development in the Corporate World
With the evolving nature of the business world, it has become a modern necessity to have a diverse workforce. As such, human resources professionals and managers must be prepared for the redesign of their organizations t...
Social Inclusion of Women Entrepreneurs in Informal Sector of Uttar Pradesh
Women empowerment is the need of the hour for every developing economy to build a system of socially balanced labor force required for increasing the pace of economic development. For this, the participation rate of wome...