Essays about: "Private company discount"
Showing result 1 - 5 of 8 essays containing the words Private company discount.
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1. The Private Company Discount : An acquisition study of public and private companies on the Swedish market
University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)Abstract : The difference in valuation between private and public firms have been studied several times on the U.S. and European markets. However, we believe that the lack of studies made on the Swedish market opened a possibility for an exciting opportunity. READ MORE
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2. Comparing Apples to Peers: Studying the Importance of Industry Affiliation for Private Company Discounts in Europe
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : Private company transactions have been found to be, on average, valued lower than comparable public transactions, giving rise to what is often in the literature called a Private Company Discount (PCD). Building on previous literature, this study extends our understanding of how the occurrence of a PCD might differ between different industries, and what firm characteristics that could explain such cross-sectional heterogeneity. READ MORE
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3. On Your Mark, Get Set... Don't Go? A Case Study on X Shore's Series B Financing Round
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This thesis investigates how X Shore, an electric boating company, managed raising funds during times of high market volatility following the Russian invasion of Ukraine. The study contributes to existing literature by providing a case study on how crisis and high market uncertainty affects a company seeking funding in their capital intensive, early expansion phase of a growing, contemporary industry. READ MORE
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4. Private Company Discount: The European Case
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : The common approach to valuing privately-held companies is to compute the acquisition multiples of comparable listed companies and apply a discount for the lack of marketability. In our study, we adopt the acquisition approach and attempt to estimate private company discount by comparing the transaction multiples of private and public companies. READ MORE
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5. Valuation - The issue of illiquidity : A qualitative retake on illiquidity discounts in the context of private company valuation on the Swedish market
University essay from Umeå universitet/FöretagsekonomiAbstract : A private company lacks a direct observable market value and several situations may require a practitioner to compute the value of a private company. Since most of the valuation methods in use are based on data derived from the public stock markets certain adjustments may be appropriate when valuing a private company. READ MORE