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Problems in business valuation –analysis of survey results

Author

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  • Piotr Szymański

    (Wrocław University of Economics)

Abstract

The paper presents a part of the survey results on business valuation carried out in October 2011. The survey involved 182 experts in business valuation from 12 countries worldwide. The article attempts to answer the question: what problems do experts face in business valuation? Are there differences in the perception of the phenomena connected with valuation between experts working on the U.S. market, where the busieness valuation standards are well-established, and experts from other countries such as Poland and Romania where these standards have a shorter history? Survey results idicated that experts face many the same problems in business valuation. The key issue faced by the experts in the valuation is the problem of forecasting future events.

Suggested Citation

  • Piotr Szymański, 2012. "Problems in business valuation –analysis of survey results," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(44), pages 137-162, June.
    • Handle: RePEc:rej:journl:v:15:y:2012:i:44:p:137-162
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    References listed on IDEAS

    as
    1. Fernandez, Pablo & del Campo, Javier, 2011. "Market risk premium used in 2010 by analysts and companies: A survey with 2.400 answers," IESE Research Papers D/912, IESE Business School.
    2. James P. Johnson & M. Audrey Korsgaard & Harry J. Sapienza, 2002. "Abstract," Strategic Management Journal, Wiley Blackwell, vol. 23(12), pages 1141-1160, December.
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    More about this item

    Keywords

    business valuation; business valuation standard; business valuation experts;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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