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Towards selected problems valuing assets with an emphasis on business valuation
[K vybraným problémům oceňování majetku s důrazem na oceňování podniku]

Author

Listed:
  • Miloš Mařík
  • Pavla Maříková

Abstract

The article analyses several problematic elements of valuation, which are currently significantly discussed and it proposes some recommendations to them. First of all, it is not possible to require that an expert opinion on the valuation is correct and at the same time unique. It is possible only create national valuation standards, put emphasis on ethics of experts and on compliance with the general principles for the testimonials. Secondly, it is necessary to classify the market value in an international concept to the Czech legislation. It is not appropriate to create various variations of the market value and the common price. Third, the article suggests some options how to apply the principle of highest and best use in assessment of a market value of business. Fourth, the authors analyze the system of value bases used in valuation for squeeze-outs and suggest ways for application of the equitable value for these purposes. Fifth, the article analyzes the main errors and recommendations when using the asset-based valuation of the company.

Suggested Citation

  • Miloš Mařík & Pavla Maříková, 2018. "Towards selected problems valuing assets with an emphasis on business valuation [K vybraným problémům oceňování majetku s důrazem na oceňování podniku]," Oceňování, Prague University of Economics and Business, vol. 11(2), pages 29-43.
    • Handle: RePEc:prg:jnloce:v:11:y:2018:i:2:id:2018_2_03:p:29-43
    DOI: 10.18267/j.ocenovani.211
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    More about this item

    Keywords

    Value; Business valuation; Market value; Equitable value; Asset-based valuation; Hodnota; Ocenění podniku; Tržní hodnota; Spravedlivá hodnota; Substanční hodnota;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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