scholarly journals Non-additivity in Accounting Valuation: Theory and Applications

Abacus ◽  
2018 ◽  
Vol 54 (3) ◽  
pp. 381-416
Author(s):  
Luc Paugam ◽  
Jean-François Casta ◽  
Hervé Stolowy
Keyword(s):  
Valuation Theory ◽  
Accounting Valuation

Error in Constant Growth Accounting Valuation Models

2005 ◽  
Author(s):  
Richard P. Brief ◽  
John F. O'Hanlon ◽  
Ken V. Peasnell
Keyword(s):  
Growth Accounting ◽  
Constant Growth ◽  
Accounting Valuation

Procedures for conducting an internal audit of current assets at agricultural enterprises

2020 ◽  
pp. 28-40
Author(s):  
Taigib Kamilovich Musaev ◽  
Konstantin Akakievich Dzhikiya
Keyword(s):  
Internal Audit ◽  
Agricultural Enterprises ◽  
Control Procedures ◽  
And Control ◽  
Accounting Valuation

The article reviews the features of using procedures for organizing and conducting an internal audit of current assets — the most mobile types of property of agricultural enterprises. The internal audit procedures are based on the principles of normative and legal acts, regulating the rules for accounting, valuation and control of current assets. The forms of working documents of internal audit are presented, which suggest ways of performing accounting and control procedures at agricultural enterprises.

scholarly journals Market Multiples and the Valuation of Cyclical Companies

2017 ◽  
Vol 10 (12) ◽  
pp. 246
Author(s):  
Emanuel Bagna ◽  
Enrico Cotta Ramusino
Keyword(s):  
Listed Companies ◽  
Research Topic ◽  
Everyday Practice ◽  
Valuation Theory ◽  
Equity Analysts ◽  
Investment Bankers ◽  
Valuation Tools ◽  
The Way

Market multiples are more often used than studied. Equity analysts, investment bankers and other practitioners widely use market multiples to estimate the value of companies. Nevertheless, literature about multiples is not as rich as the wide use of these valuation tools would suggest. This paper, focusing on European listed companies, investigates how multiples can be used in the valuation of cyclical companies, a much less investigated research topic. We test the accuracy of multiples to understand whether their performance in valuing cyclical companies is better, worse or equal to the performance found in prior studies, where both cyclical and non cyclical companies are analyzed without distinguishing between them. We also attempt to verify whether the way in which multiples are calculated significantly affects the accuracy of estimation. Our aim is to develop a valuation approach consistent with valuation theory and helpful in everyday practice.

scholarly journals Market and Regulatory Coefficients for Determining the Rent for Public Land in Regions

2021 ◽  
Vol 17 (2) ◽  
pp. 673-687
Author(s):  
Ruslan A. Samsonov ◽  
Sergey N. Bocharov ◽  
Vitalii V. Mishchenko ◽  
Mikhail Yu. Kobrin
Keyword(s):  
Contract Theory ◽  
Public Lands ◽  
Public Land ◽  
International Studies ◽  
Valuation Theory ◽  
Land Rent ◽  
Domestic Literature ◽  
Property Valuation ◽  
Institutional Differences ◽  
Regulation Mechanisms

As opposed to international studies, Russian scientists apply multifactorial models with specific coefficients to determine the rent for public lands. This research analyses and summarises the existing theoretical and normative approaches to coefficient calculation covered by domestic literature. We examine two types of coefficients: permitted use of land (K) and categories of land users (K 1 ). Based on the property valuation theory (income and comparative approaches), we demonstrated problems and disadvantages of the methods currently used to determine K and K 1 coefficients. Then, using the economic contract theory, we identified market and non-market (hybrid and hierarchical) regulation mechanisms and distinguished K and K 1 coefficients. Institutional differences of these indicators were theoretically substantiated. As a result, we developed economic algorithms for calculating market (K) and regulatory (K 1 ) coefficients that take into account both types of permitted use of land (for K) and categories of land users (for K 1 ) by considering preferences and restrictions in the field. The elaborated methodology was tested by performing complex calculations, which allowed us to obtain the values of K and K 1 coefficients for 18 local councils located in Pervomaysky District of Altai Krai for 112 types of permitted use of land. Proposed methodological recommendations can be applied for developing municipal programmes in Russia and abroad to increase the effectiveness and transparency of public land rent.

scholarly journals Valuation theory: A constructive view

1984 ◽  
Vol 19 (1) ◽  
pp. 40-62 ◽  
Author(s):  
Ray Mines ◽  
Fred Richman
Keyword(s):  
Valuation Theory
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