DETERMINATION OF FIRM VALUE USING ECONOMIC VALUE-ADDED METHOD

With the latest developments in capital markets, the gradual rise in the tendencies of enterprises to public offering and reasons like business combinations and purchasing besides growth in franchising operations canalized stake holders to seeking correct calculation of firm value. Today determinati...

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Autores principales:	Esin YELGEN, Ercüment OKUTMUŞ
Formato:	article
Lenguaje:	DE EN FR TR
Publicado:	Fırat University 2019
Materias:	weighted average cost of capital (wacc) capital asset pricing model (capm) return of investment ca Social Sciences H Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/2927f6ce63114dae8fc39c797ac6f4e5
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spelling	oai:doaj.org-article:2927f6ce63114dae8fc39c797ac6f4e52021-11-24T09:20:37ZDETERMINATION OF FIRM VALUE USING ECONOMIC VALUE-ADDED METHOD2148-416310.9761/JASSS8016https://doaj.org/article/2927f6ce63114dae8fc39c797ac6f4e52019-08-01T00:00:00Zhttps://jasstudies.com/index.jsp?mod=tammetin&makaleadi=1813442772_29-Dr.%20%C3%96%C4%9Fr.%20%C3%9Cyesi%20Esin%20Yelgen-Erc%C3%BCment%20Okutmu%C5%9F.pdf&key=29085https://doaj.org/toc/2148-4163With the latest developments in capital markets, the gradual rise in the tendencies of enterprises to public offering and reasons like business combinations and purchasing besides growth in franchising operations canalized stake holders to seeking correct calculation of firm value. Today determination of how much the actual value of the enterprise is has become one of the most important problems of the accounting-finance field from the perspectives of the buyer and the seller person or institution. On one hand while the person or the institution to do the purchasing transaction wishes to buy the enterprise at the potential lowest price, on the other hand the person or institution to close the sale wants this price to be the potential highest one. Accordingly, finding out the allowable optimal purchase/sale price becomes more of an issue for both parties. Due to such reasons, in recent years, many methods have been developed under the adopted approaches towards appraisal of business and value increase - accounting-based, market-based and income-based -. With an increase in the number of operand enterprises in capital market, income-based approach giving healthier results is preferred rather than classical approach in valuation. One of the most significant of the methods developed under income-based approaches is Economic Value Added – EVA method based on economic profitability of the enterprises in appraisal of business. However, when the literature is reviewed, public held enterprises are seen to be generally preferred for practices. On the other hand, no sufficient study has been found on how the value is calculated in non-public enterprises. Therefore, in the current study, it is aimed to determine the value of a non-public accommodation establishment. Within this scope, in the study an accommodation establishment operating in Alanya is taken as a sample and the disposal value of the enterprise is determined using economic value-added method.Esin YELGENErcüment OKUTMUŞFırat Universityarticleweighted average cost of capital (wacc)capital asset pricing model (capm)return of investment caSocial SciencesHSocial sciences (General)H1-99DEENFRTRJournal of Academic Social Science Studies , Vol 12, Iss 77, Pp 441-454 (2019)
institution	DOAJ
collection	DOAJ
language	DE EN FR TR
topic	weighted average cost of capital (wacc) capital asset pricing model (capm) return of investment ca Social Sciences H Social sciences (General) H1-99
spellingShingle	weighted average cost of capital (wacc) capital asset pricing model (capm) return of investment ca Social Sciences H Social sciences (General) H1-99 Esin YELGEN Ercüment OKUTMUŞ DETERMINATION OF FIRM VALUE USING ECONOMIC VALUE-ADDED METHOD
description	With the latest developments in capital markets, the gradual rise in the tendencies of enterprises to public offering and reasons like business combinations and purchasing besides growth in franchising operations canalized stake holders to seeking correct calculation of firm value. Today determination of how much the actual value of the enterprise is has become one of the most important problems of the accounting-finance field from the perspectives of the buyer and the seller person or institution. On one hand while the person or the institution to do the purchasing transaction wishes to buy the enterprise at the potential lowest price, on the other hand the person or institution to close the sale wants this price to be the potential highest one. Accordingly, finding out the allowable optimal purchase/sale price becomes more of an issue for both parties. Due to such reasons, in recent years, many methods have been developed under the adopted approaches towards appraisal of business and value increase - accounting-based, market-based and income-based -. With an increase in the number of operand enterprises in capital market, income-based approach giving healthier results is preferred rather than classical approach in valuation. One of the most significant of the methods developed under income-based approaches is Economic Value Added – EVA method based on economic profitability of the enterprises in appraisal of business. However, when the literature is reviewed, public held enterprises are seen to be generally preferred for practices. On the other hand, no sufficient study has been found on how the value is calculated in non-public enterprises. Therefore, in the current study, it is aimed to determine the value of a non-public accommodation establishment. Within this scope, in the study an accommodation establishment operating in Alanya is taken as a sample and the disposal value of the enterprise is determined using economic value-added method.
format	article
author	Esin YELGEN Ercüment OKUTMUŞ
author_facet	Esin YELGEN Ercüment OKUTMUŞ
author_sort	Esin YELGEN
title	DETERMINATION OF FIRM VALUE USING ECONOMIC VALUE-ADDED METHOD
title_short	DETERMINATION OF FIRM VALUE USING ECONOMIC VALUE-ADDED METHOD
title_full	DETERMINATION OF FIRM VALUE USING ECONOMIC VALUE-ADDED METHOD
title_fullStr	DETERMINATION OF FIRM VALUE USING ECONOMIC VALUE-ADDED METHOD
title_full_unstemmed	DETERMINATION OF FIRM VALUE USING ECONOMIC VALUE-ADDED METHOD
title_sort	determination of firm value using economic value-added method
publisher	Fırat University
publishDate	2019
url	https://doaj.org/article/2927f6ce63114dae8fc39c797ac6f4e5
work_keys_str_mv	AT esinyelgen determinationoffirmvalueusingeconomicvalueaddedmethod AT ercumentokutmus determinationoffirmvalueusingeconomicvalueaddedmethod
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DETERMINATION OF FIRM VALUE USING ECONOMIC VALUE-ADDED METHOD

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