Private Discount Premium - Why Non Public Companies are Negotiated at Lower Relative Prices – Breno Pavao
Breno Pavao
Master's thesis
Private Discount Premium - Why Non Public Companies are Negotiated at Lower Relative Prices
Private Firm Valuation & The Liquidity Premium
Anotácia:
The current study proposes a model based on CAPM and valuation multipliers to capture the risk for privately held companies with the information normally available for it. The main assumption is that the relative price differential between the average private and public company reflects all additional risk brought by the private market, this difference is then annualized through dividend discount model …viacAbstract:
The current study proposes a model based on CAPM and valuation multipliers to capture the risk for privately held companies with the information normally available for it. The main assumption is that the relative price differential between the average private and public company reflects all additional risk brought by the private market, this difference is then annualized through dividend discount model …viac
Jazyk práce: English
Datum vytvoření / odevzdání či podání práce: 6. 11. 2019
Identifikátor:
http://www.vse.cz/vskp/eid/80859
Obhajoba závěrečné práce
- Obhajoba proběhla 10. 6. 2020
- Vedúci: František Poborský
- Oponent: Petr Horák
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Plný text práce
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Instituce archivující a zpřístupňující práci: Vysoká škola ekonomická v Prazehttp://www.vse.cz/vskp/eid/80859
Vysoká škola ekonomická v Praze
Master programme:
Finance and Accounting