Titre : |
Corporate valuation's specificities in emerging countries |
Type de document : |
Mémoire |
Auteurs : |
Thomas PETITIMBERT |
Année de publication : |
2018 |
Importance : |
35 p. |
Note générale : |
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Langues : |
Anglais (eng) |
Mots-clés : |
Management EVALUATION D'UNE ENTREPRISE ; PAYS EN DEVELOPPEMENT
|
Résumé : |
This paper deals with the specificities of corporate valuation within the emerging markets and the models that have been suggested to adapt such valuations. The first part is dedicated to take stock of the current valuation models used in developed market. The second approach focuses on emerging market’s context and highlights their additional political, economical and financial risks. Afterward, the study bears on the applicability of the traditional models within emerging market and concludes that traditional models are unreliable in such contexts. Then the paper analyses and details the adjusted and alternatives models that have been suggested by professionals and scholars to adapt the valuation process within emerging markets. The first conclusion is that these models turn out to be more complex and still unreliable but would allow to identity additional parameters and scenarios for their investments. The paper concludes stating the essential steps to follow when valuing a company in emerging markets: conduct an accurate and exhaustive country risk analysis, cross-check traditional, adjusted and alternative valuation models and perform sensitive analyses as much as possible. |
Programme : |
PGE-Rouen |
Spécialisation : |
Finance d’Entreprise - Corporate Finance |
Permalink : |
https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=485604 |