Valuation of Companies in Emerging Markets: A Practical Approach / Edition 1

Hardcover (Print)
Used and New from Other Sellers
Used and New from Other Sellers
from $17.11
Usually ships in 1-2 business days
(Save 85%)
Other sellers (Hardcover)
  • All (10) from $17.11   
  • New (4) from $73.92   
  • Used (6) from $17.11   

Overview

As acquisition possibilities in established markets graduallydisappear, growth-oriented corporations continue to investigateemerging economies for opportunities to expand and strengthen theirbusinesses. The myriad challenges of any merger, however, arefurther complicated by a volatile marketplace. Where do companiesget reliable financial data for an emerging market? What is therisk-free rate? How should country-related risk be introduced intothe valuation model? Drawing upon years of extensive research andhis own considerable entrepreneurial experience, Luis Pereiroanswers these questions and more, providing companies with astep-by-step blueprint for evaluating potential acquisitions inValuation of Companies in Emerging Markets: A PracticalApproach.

Directly addressing companies that are actively pursuing investmentopportunities as well as the academic community studying emergingeconomies, this groundbreaking guide bridges the gap between thetheory and practice of company valuation in transition markets.Pereiro provides corporate and private investors with specifictools, data, and practical examples for valuing both new venturesand established companies in volatile arenas. He defines therelevant features of an emerging market, explains why traditionalvaluation techniques prove inadequate, analyzes the importance ofunsystematic risk, and describes the appraisal of a start-up in ahighly speculative atmosphere. In addition to the author's peerlessanalysis, Valuation of Companies in Emerging Markets also:
* Displays 186 charts and tables, packed with actual valuationparameters for both mature and transitioning economies
* Provides 62 numerical, detailed examples of the actualimplementation of valuation techniques in emerging markets
* Focuses on 8 benchmark emerging markets- Argentina, Brazil,Mexico, Russia, Turkey, Indonesia, South Korea, and SouthAfrica-while elucidating principles that can be applied to anytransitioning economy
* Includes 3 extensive studies on both terrestrial and digitalfirms
* Contains 6 useful technical appendixes

Emerging economies promise both high risk and high reward for thesavvy corporate and private investor. Valuation of Companies inEmerging Markets provides the essential tools that companies needto make the right decisions.

Read More Show Less

Product Details

  • ISBN-13: 9780471220787
  • Publisher: Wiley
  • Publication date: 8/1/2002
  • Series: Wiley Finance Series , #134
  • Edition number: 1
  • Pages: 507
  • Product dimensions: 9.21 (w) x 6.14 (h) x 1.19 (d)

Meet the Author

LUIS E. PEREIRO is a consultant who has steered several strategicchange projects in multinational corporations such as Bank ofAmerica, Union Carbide, and Nissho Iwai. He is Professor ofEntrepreneurship & Strategy and Director of the Center forEntrepreneurship and Business Venturing at Universidad Torcuato DiTella in Buenos Aires, Argentina. He is also a visiting professorat HEC-School of Management in Paris. His numerous articles haveappeared in many prestigious business journals and books.

Read More Show Less

Table of Contents

Forword.

Valuing Companies in Emerging Markets: Importance andChallenges.

Valuing Companies in Developed Markets: A Review.

Fundamental Discounted Cashflow Valuation in Emerging Markets:Cashflows and the Cost-of-Equity Capital.

Fundamental Discounted Cashflow Valuation in Emerging Markets:Unsystematic Risk and Synthetic Company Value.

Valuing Companies in Emerging Markets via Real Options.

Relative Valuation in Emerging Markets: Comparable Companies andTransactions.

Valuing Technology Startups in Emerging Markets.

Appendix A: Valuation Parameters in the Reference EmergingMarkets.

Appendix B: Valuation Parameters in the United States.

Appendix C: Valuation Parameters in Argentina.

Appendix D: Sources of Data on Comparable Companies andTransactions.

Appendix E: Valuation Parameters of U.S. Internet Companies.

Appendix F: Present Value of Asset/Present Value of ExercisePrice.

Appendix G: Best Valuation Practices in the United States andArgentina.

Index.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)