?
Анализ современных методов оценки стоимости компании и особенности их практического применения
Гл. 5. С. 51–69.
The capitalization of a company and the assessment of its value are one of the most important factors for the successful implementation of various sustainable development strategies. The choice of methods and models for assessing the value of a company, as well as the indicators used in them, is an urgent problem in the modern domestic and global economy. Due to the fact that valuation is an integral tool in a market economy, there is an increasing need for a correct and objective assessment of the value of companies and businesses in general. Therefore, the purpose of the study was to analyze modern methods for assessing the value of a company and multipliers for assessing capitalization, as well as to provide this information to managers of Russian companies in order to select effective sustainable development strategies.
In book
Чебоксары: ИД «Среда», 2022.
Teplova T., Sokolova T., Baklanova V. et al., Экономический журнал Высшей школы экономики 2026 Т. 30 № 1 С. 49–101
The article analyzes the impact of a wide range of deep ESG components (individual ESG practices) on the value of companies, measured by the Q-Tobin coefficient. Empirical estimates are shown on a sample of public companies in the Indonesian emerging capital market, for the period from 2018 to 2023. We apply an original authors’ approach, ...
Added: June 14, 2026
Malyy M., Tekic Z., Podladchikova T., Financial Innovation 2026 Vol. 12 Article 34
Valuing startups is inherently challenging due to high uncertainty and information asymmetry, which undermines the effectiveness of conventional valuation methods and compels investors to rely on intuition or qualitative judgments, often leading to inconsistent or manipulated valuations. This study explores the potential of internet search query data, particularly Google Trends, as a third-party signal to ...
Added: February 2, 2026
Molodchik M., Гагарин А. С., Елтышев Р. А., Российский журнал менеджмента 2023 Т. 21 № 1 С. 5–22
Goal: the paper evaluates the impact of a company’s digital image on its value. Methodology: the authors use panel data analysis applied to a large array of information on the news of the 25 largest US medias, the Google Trends web application and the Twitter social network for the period from 2017 to 2022 for ...
Added: November 28, 2023
Nazarova V., Churakova I., Ореховская М. А. et al., В кн.: Финансы устойчивого развития: вызовы и стратегии 2023 (SFCS2023): сборник статей IV Международной научно-практической конференции Российский университет дружбы народов им. Патриса Лумумбы.: М.: Издательство РУДН, 2023. С. 152–166.
Annotation. The impact of the global trend towards environmental protection, social human rights and support for strong corporate governance has been particularly noticeable in recent years. The present study focuses on assessing the differences in environmental, social and governance (ESG) factors affecting company value. Both the aggregate ESG rating and each factor (E, S, G) ...
Added: August 3, 2023
Чебоксары: ИД «Среда», 2022.
The monograph presents research materials of well-known scientists, cooperated by the main theme of the modern vision of the ways of economic development. The monograph can be useful for managers, economists, lawyers and other employees of enterprises and organizations, representatives of state authorities and local self-government, teachers, graduate students, undergraduates and students of higher educational ...
Added: November 1, 2022
Zavertiaeva M. A., Lopez Iturriaga F. J., Kuminova E. V., Managerial and Decision Economics 2018 Vol. 39 No. 4 P. 447–461
The aim of this paper is to study the influence of chief executive officers' overconfidence on corporate research and development (R&D). We analyze a sample of 766 firms from the United Kingdom, France, Germany, Switzerland, Italy, Spain, and the Netherlands between 2008 and 2013. We use 3 measures of managerial overconfidence: the press coverage of ...
Added: May 24, 2018
Kharitonov S., Дик В. В., Прикладная информатика 2013 № 3 (45) С. 122–126
В статье рассматриваются возможности применения MS Excel при решении задач линейного программирования. Постановка задачи осуществляется в рамках концепции управления стоимостью хозяйствующего субъекта. В рассматриваемом случае управление сводится к максимизации совокупного денежного потока компании путем оказания управляющих воздействий на подсистему частных денежных потоков хозяйствующего субъекта, где и возникает необходимость и возможность применения обозначенного инструментария. ...
Added: December 19, 2017
Bredikhin S. V., Linton J., Matoszko T., Foresight and STI Governance 2017 Vol. 11 No. 1 P. 24–30
How and why the positive net effect of science related activities substantially increases the value that would be anticipated by the financial theory that seems to work so well for other fields is considered here. A qualitative analysis of 25 small listed biotechnology R&D firms illustrates that these firms do not follow the neo-classical expectation ...
Added: March 24, 2017
Sizykh N., В кн.: Труды XII Всероссийского совещания по проблемам управления.: ИПУ РАН, 2014. С. 8484–8488.
It is analyzed main methods of assessment of company's value and management decisions making on an example of one of the leading Russian telecommunication operator. ...
Added: October 10, 2016
Rodionov I. I., Mikhalchuk V. B., Российский журнал менеджмента 2016 Т. 14 № 2 С. 3–28
This article aims to develop econometric model suitable for valuation of synergies in Russian domestic M&A deals. The authors test several empirical hypotheses about factors of synergy creation in 2006–2014. The article looks into various ways to estimate synergies based on financial statements of companies that participated in the deal. Success rate of deals and ...
Added: October 1, 2016
Grigorieva S., Cherkasova V. A., Козлов С. О., Управленческий учет и финансы 2016 № 02(46) С. 108–129
The article presents the algorithm allowing making country-risk adjustments to market multiples when analysts use peers from developed countries to estimate company in emerging capital market. We prove the necessity to country-risk adjustments to market multiples depending on industry where the company operates. We improve the technique of company valuation under the public-company method. Our ...
Added: June 8, 2016
Rodionov I. I., Mikhalchuk V. B., Современная конкуренция 2015 Т. 6 № 54 С. 38–52
M&A decisions are vital for long-term development of emerging market companies. Existing research pays little attention to studying structure of synergy and valuation of synergy in M&A deals, initiated by private companies.
Therefore, there are no inclusive methods exist to analyze different components of financial and operating synergy. This article aims to systematize existing literature about ...
Added: March 27, 2016
Nazarova V., Шевякина О. Р., Корпоративные финансы 2015 № 4(36) С. 5–30
The purpose of this work focuses on the determination the formation of the optimal value premium in M & A transactions, in terms of the oil and gas sector, through the identification of financial and non-financial factors that have a direct impact on the premium rate. ...
Added: February 24, 2016
Rodionov I. I., Mikhalchuk V. B., Корпоративные финансы 2015 Т. 3 № 35 С. 98–110
Companies from emerging markets, such as China, India, Malaysia, Russia and South Africa, use mergers and acquisitions (M&A) as one of the main instruments to grow and enter global markets. After the global financial crisis in 2008, companies from emerging markets initiated over 25% of M&A deals volume between developed and emerging markets companies.
M&A decisions ...
Added: January 11, 2016
Karminsky A. M., Frolova E., Корпоративные финансы 2015 № 1 (33) С. 59–70
This paper reviews the theory of value-based management, classification of value-based management models and the main value-based management methods at the commercial bank. It is shown that value-based management models can be classified depending on: 1) used information; 2) measures of performance; 3) valuation horizon. First, we present key value drivers-based approach. In order to ...
Added: October 25, 2015
Ivashkovskaya I., Dyachenko K., Journal of Corporate Finance Research / Корпоративные финансы 2013 Т. 7 № 4 С. 79–90
This study is focused on the use market expectations in firm’s management. According to the results of previous researches performed on developed markets, expectations management is an efficient corporate tool which allows managers to influence company’s value. The literature on expectations management in the emerging capital markets almost does not exist. We contributed to the ...
Added: March 30, 2015