scholarly journals ASSESSMENT METHODS

2021 ◽  
Author(s):  
Vera Shumilina ◽  
Andrey Kurilov ◽  
Yuliya Ermakova
Keyword(s):  
Approximate Method ◽  
Evaluation Methods ◽  
Market Analysis ◽  
Assessment Methods ◽  
Valuation Methods ◽  
Valuation Method ◽  
Approximate Cost ◽  
Research Analysis

The article is devoted to the research analysis of the current patterns of development of evaluation activities. Three systemic approaches used in modern evaluation activities are considered. Their analysis and criticism is carried out. Conclusions are drawn about their effective symbiosis. Definitions of cost and price are given. An approximate method of market analysis on the example of movable property is disclosed. Each of the stages is revealed. In conclusion, it was concluded that modern valuation methods require improvement, since any valuation method gives only an approximate cost. The main problem of all evaluation methods is also formulated: irrationality of the market: sellers and buyers

scholarly journals The Influence Of Long-Term Tangıble Asset’s Valuatıon On Fınancıal Indıcators: The Attıtude Of Shareholders And Credıtors

2016 ◽  
Vol 12 (4) ◽  
pp. 367
Author(s):  
Lina Paliuliene
Keyword(s):  
Fair Value ◽  
Total Asset ◽  
Financial Indicators ◽  
Historical Cost ◽  
Valuation Methods ◽  
Financial Condition ◽  
Valuation Method

In the article the long-term tangible asset’s valuation methods by the historical cost and the fair value are generalized, indicators that are analyzed by shareholders and creditors when assessing the company's financial condition are identified. For the research eight Lithuanian companies which apply different long-term tangible asset’s valuation methods were selected from two industries. The influence of long-term tangible asset’s valuation was explored by five relative indicators. It was determined that valuation method is associated with long-term tangible asset’s part in the total company's asset. When long-term tangible asset’s part in the total company’s asset constitutes less than 50 percent, the asset’s valuation method has no influence on the analyzed indicators. When long-term tangible asset’s part in the total asset constitutes more than 50 percent, the asset’s valuation method affects solvency and investment indicators. Long-term tangible asset’s valuation method does not affect profitability indicators, independent of long-term tangible asset’s part in the total asset.

scholarly journals Intellectual Capital (Intangible Assets) Valuation Considering The Context

2011 ◽  
Vol 4 (9) ◽  
Author(s):  
Miguel Angel Axtle Ortiz
Keyword(s):  
Intellectual Capital ◽  
Intangible Assets ◽  
Font Size ◽  
Valuation Methods ◽  
Valuation Method

<h1 style="margin: 0in 38.3pt 0pt 0.5in; mso-pagination: widow-orphan;"><span style="font-weight: normal; mso-bidi-font-size: 10.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold;"><span style="font-size: x-small;"><span style="font-family: Times New Roman;">This article seeks to illustrate the evolution of intangible assets studies to the broader concept of intellectual capital and its valuation methods; then clarifies misunderstood concepts about the existence of intangible liabilities. A systemic dynamics approach to the IC valuation method considering the context finally is explained.<span style="text-decoration: underline;"></span></span></span></span></h1>

A Conceptual Model for Aligning IT Valuation Methods

2012 ◽  
pp. 182-201 ◽  
Author(s):  
J. Gilbert Silvius
Keyword(s):  
Conceptual Model ◽  
Business Strategy ◽  
Organizational Context ◽  
Selection Model ◽  
Valuation Methods ◽  
It Alignment ◽  
Valuation Method ◽  
Business And It Alignment ◽  
The Relationship

The relationship between IT and value is complex and often disputed. Researchers and practitioners have created numerous models and valuation methods to capture this value. Although payoffs from IT investment are a function of strategic alignment, most of these models do not address the alignment of business and IT as a factor that influences or creates value. This paper explores the role of business and IT alignment in the valuation methods of IT assets and investments. It focuses on the impacts resulting from the use of IT assets, considering the function and nature of the impacts. It also explores the alignment of IT valuation and business strategy. The paper is concluded with the construction of a comprehensive selection model that provides guidance for aligning the IT valuation method with the specific characteristics, impacts and organizational context of an IT asset or investment.

A Conceptual Model for Aligning IT Valuation Methods

2010 ◽  
Vol 1 (3) ◽  
pp. 36-54 ◽  
Author(s):  
J. Gilbert Silvius
Keyword(s):  
Conceptual Model ◽  
Business Strategy ◽  
Organizational Context ◽  
Strategic Alignment ◽  
Valuation Methods ◽  
It Alignment ◽  
Valuation Method ◽  
Business And It Alignment ◽  
The Relationship

The relationship between IT and value is complex and often disputed. Researchers and practitioners have created numerous models and valuation methods to capture this value. Although payoffs from IT investment are a function of strategic alignment, most of these models do not address the alignment of business and IT as a factor that influences or creates value. This paper explores the role of business and IT alignment in the valuation methods of IT assets and investments. It focuses on the impacts resulting from the use of IT assets, considering the function and nature of the impacts. It also explores the alignment of IT valuation and business strategy. The paper is concluded with the construction of a comprehensive selection model that provides guidance for aligning the IT valuation method with the specific characteristics, impacts and organizational context of an IT asset or investment.

Book Reviews

2013 ◽  
Vol 51 (1) ◽  
pp. 202-204
Keyword(s):  
North Carolina ◽  
Economic Development ◽  
Business School ◽  
Emerging Technology ◽  
Indiana University ◽  
Valuation Methods ◽  
Valuation Method ◽  
Alternative Approaches ◽  
The University

Roy Thurik of Erasmus School of Economics and GSCM Montpellier Business School reviews, “Valuing an Entrepreneurial Enterprise” by David B. Audretsch and Albert N. Link. The EconLit abstract of this book begins: “Presents a valuation method for emerging technology-based ventures without a revenue history. Discusses innovative activity—alternative economic frameworks and policy approaches; valuation methods—tools of the trade; traditionally used valuation methods; applications of traditional valuation methods; alternative approaches to the valuations of Video, Inc.; the move toward a methodology for valuing an entrepreneurial enterprise; and a valuation of Metal Brothers, Inc. Audretsch is Distinguished Professor, Ameritech Chair of Economic Development, and Director of the Institute for Development Strategies at Indiana University. Link is Professor of Economics at the University of North Carolina, Greensboro. Index.”

Analysis of Wetland Value Assessment Methods

2013 ◽  
Vol 807-809 ◽  
pp. 1706-1709
Author(s):  
Mei Han ◽  
Xiao Yan Wang
Keyword(s):  
Science Research ◽  
Evaluation Methods ◽  
Assessment Methods ◽  
Value Assessment ◽  
Wetland Assessment ◽  
Wetland Functions ◽  
Application Range ◽  
At Home

Wetland science research has earned great attentions and wetland assessment is an important part of wetland science characterized by complex context and various assessment methods. What's more, there is not unified standard on the evaluation of wetland functions. This paper enumerates the commonly used evaluation methods for different functions of wetland both at home and abroad. The advantages, disadvantages, application range of each method and relevant outcomes were discussed, which can provide a reference for the wetland assessment in our country.

Payment for Enviromental Services Based on Three Environmental Evaluation Methods in Miyun Reservoir River Basin, Beijing, China

2013 ◽  
Vol 726-731 ◽  
pp. 1155-1161
Author(s):  
Hai Xia Zheng
Keyword(s):  
Water Quality ◽  
Contingent Valuation Method ◽  
Water Source ◽  
Miyun Reservoir ◽  
Environmental Evaluation ◽  
Valuation Methods ◽  
Payment For Environmental Services ◽  
Water Users ◽  
Valuation Method ◽  
Beijing China

Payment for Environmental Services (PES) has been widely adopted as a solution to compensate upstream water users for providing clean water. However, the size of payments is critical to the success of PES, and the problems of determining the correct price is often critical to the implementation of PES policies. We demonstrate three independent valuation methods to determine the price of the ecosystem service (ES) of water quality in the Miyun Reservoir, the main surface water source for Beijing. The three using valuation methods are: i) Water Resources Benefits Assessment (WRBA), ii) Contingent valuation method (CVM), and opportunity cost of limitation of development rights (OCLDR). We found the value of water quality is lowest using OCLDR, highest with CVM, and the WRBA in-between. We propose OCLDR is used to determine compensation to upstream; WRBA for pricing water transfer; and CVM for payments integrated water quality improvement.

scholarly journals Analysts’ recommendations and the market impact of the valuation methods

2019 ◽  
Vol 8 (4) ◽  
pp. 46-55
Author(s):  
Elisa Cavezzali ◽  
Enrico Maria Cervellati ◽  
Pierpaolo Pattitoni ◽  
Ugo Rigoni
Keyword(s):  
Market Reaction ◽  
Abnormal Returns ◽  
Earnings Forecasts ◽  
Cash Flows ◽  
Market Impact ◽  
Target Price ◽  
Valuation Methods ◽  
Valuation Method ◽  
Study Methodology ◽  
Recommendation Revisions

Despite its importance, the informative value of the analysts’ valuation methods has not been thoroughly examined in the literature. Such an issue is relevant with regard to the concerns on analysts’ objectivity. We test whether investors’ reaction is jointly influenced by recommendations and target revisions and mainly by valuation method used because it summarizes the information considered to be relevant by the analysts. We analyse the market reaction to recommendation revisions with an event study methodology, calculating market-adjusted abnormal returns at the report release date. We run regressions to test the market impact of recommendations and target price revisions, as well as their interaction, and we then focus on testing several models to discern market reaction to distinct valuation methods. We show that market reaction is influenced by the valuation methods used in their reports. The majority of previous studies relying on commercial databases report the market reaction in relation to analysts’ recommendations, target prices or earnings forecasts, often overlooking the content of the reports and the methodology used therein. This is due to an information constraint of commercial databases, normally including only the above-mentioned synthetic variables. A notable exception is Asquith, Mikhail, and Au (2005) who find no relation between the market reaction and the valuation methods used by analysts. Compared to Asquith et al. (2005), our research uses a larger database and finds a different result. We show the market reacts differently to distinct valuation methods, without favouring the theoretically more correct ones based on discounting cash flows. We also find that the market reaction is larger when the analysts support their recommendation with more than one valuation method. Our research shows that the market pays attention to the content of the reports and analysts can be more influential when they use more valuation methodologies to cross-check their estimates.

The Business Value of IT

2011 ◽  
pp. 102-111 ◽  
Author(s):  
A.J. Gilbert Silvius
Keyword(s):  
Decision Tree ◽  
Empirical Evidence ◽  
Selection Process ◽  
Business Value ◽  
Selection Model ◽  
Business Value Of It ◽  
Scientific Methods ◽  
Valuation Methods ◽  
Valuation Method ◽  
Value Of It

The relation between IT and value is a complex and often disputed one. Researchers and practitioners have created numerous models and valuation methods to capture this value, yet the advanced methods they have developed are hardly used. While these sophisticated instruments are based on scientific methods and empirical evidence, managers reject them, preferring to use methods they intuitively understand. What is missing that causes this mismatch? This chapter aims to add to the understanding of valuation methods by providing a comprehensive selection model for selecting the valuation method that fits the characteristics of the investment. The authors provide a categorized overview of valuation method and identify the qualities of and issues with each method or approach. They analyze how these methods can be combined in an investment selection process and identify the characteristics of an investment that determine the applicability of a given method. They conclude the paper by combining these characteristics in a decision tree shaped selection model to select the appropriate valuation method for any given set of characteristics.

Did Adoption of Forward-Looking Valuation Methods Improve Valuation Accuracy in Shareholder Litigation?

2007 ◽  
Vol 22 (4) ◽  
pp. 573-598 ◽  
Author(s):  
Feng Chen ◽  
Kenton K. Yee ◽  
Yong Keun Yoo
Keyword(s):  
Supreme Court ◽  
Cash Flow ◽  
Earnings Forecasts ◽  
Block Method ◽  
Valuation Methods ◽  
Valuation Method ◽  
Shareholder Litigation ◽  
The Law ◽  
Case Basis ◽  
Forward Looking

Before 1984, Delaware judges relied exclusively on the Delaware Block method—an appraisal formula based on trailing earnings and liquidation value—to price shares in shareholder litigation. In 1984, the Delaware Supreme Court changed the law to permit its judges to use any valuation method they deem appropriate. As a result, judges and litigants began switching from the Block method and adopting forward-looking valuation techniques based on cash flow and earnings forecasts. While the use of forward-looking methods potentially improves valuation accuracy by incorporating forecast information, the use of forecasts allows more room for subjective manipulation. Did the adoption of forward-looking methods improve or reduce valuation accuracy in shareholder litigation? We address this question using a comprehensive hand-collected sample of all Delaware corporate “appraisal-remedy” cases published between 1966 and 2002 in Lexis-Nexis. The sample identifies, on a case-by-case basis, the plaintiff's, the defendant's, and the judge's valuation methods and resulting valuation estimates. We show that the adoption of forward-looking valuation methods improves litigants' valuation accuracy on average.

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