Valuation of corporation possessing crypto-assets / Nicolas LIM / 2020

Titre : Valuation of corporation possessing crypto-assets Type de document : Mémoire Auteurs : Nicolas LIM, Auteur Année de publication : 2020 Importance : 24 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Français (fre) Mots-clés : Management MONNAIE ELECTRONIQUE ; EVALUATION D'UNE ENTREPRISE ; MONNAIE ; INVESTISSEMENT Résumé : Firms can invest in assets when they have savings on the same basis as individuals. Most of the time, the preferred assets are foreign currencies, stocks, bonds, etc. Now there is Bitcoin. This new currency, which surfs on the wave of new technologies and more precisely, the blockchain, is however relatively new and whose price is unstable. On the other hand, we also have start-ups that have decided to raise funds through these new currencies that are the crypto-currencies. Indeed, in the classic business model, companies carry out IPOs, i.e. classic stock market flotations: funds are raised in euros in exchange for shares in the company. Whereas ICOs, on the other hand, raise funds in euros in exchange for crypto assets. As they’re taking more and more space into the economy, are traditional valuation models functional within the crypto-asset framework? First, I will explain the different variable that affect corporate valuation possessing crypto-assets with qualitative criteria and in the second part and third part, use models with quantitative data provided by official site and academic research paper. Thereby, valuation is an art and hasn’t a precise value. That is why traditional models can be adaptable to crypto-currencies, but also new tools are there to provide a comparative analysis. The time notion is quite important from moment the analysis of valuation is made because crypto-currencies are affected by their volatility through the criteria exposed in the first part. Programme : PGE-Rouen Spécialisation : Finance Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=529181