Jump to ContentJump to Main Navigation
Show Summary Details
More options …

Journal of Business Valuation and Economic Loss Analysis

Editor-in-Chief: Ewing, Bradley T. / Hoffman, Jim


CiteScore 2017: 0.32

SCImago Journal Rank (SJR) 2017: 0.160
Source Normalized Impact per Paper (SNIP) 2017: 0.622

Online
ISSN
1932-9156
See all formats and pricing
More options …

Valuation Methodologies and Emerging Markets

Howard Qi
Published Online: 2010-04-21 | DOI: https://doi.org/10.2202/1932-9156.1064

Correctly applying the valuation methodologies is important. Sabal (2007), using a well-designed example, shows that various methods give identical results, and asserts that APV is more convenient for the emerging market. However, a few issues are questionable which we intend to clarify, including (1) the evidence regarding target debt ratio; (2) the relationship between the WACC/APV and the capital structure; (3) the inconsistencies in the CCF application; and (4) why using the framework by Fernández (2004) does not necessarily prove Sabal's assertion. Our study and Sabal's work are both integral parts in contributing to the better understanding of business valuation.

Keywords: WACC; APV; CCF; capital structure

About the article

Published Online: 2010-04-21


Citation Information: Journal of Business Valuation and Economic Loss Analysis, Volume 5, Issue 1, ISSN (Online) 1932-9156, DOI: https://doi.org/10.2202/1932-9156.1064.

Export Citation

©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston.Get Permission

Citing Articles

Here you can find all Crossref-listed publications in which this article is cited. If you would like to receive automatic email messages as soon as this article is cited in other publications, simply activate the “Citation Alert” on the top of this page.

[1]
H. Qi and Y. A. Xie
Applied Economics, 2016, Volume 48, Number 40, Page 3804
[2]
Carlos P. Maquieira, Lorenzo A. Preve, and Virginia Sarria-Allende
Emerging Markets Review, 2012, Volume 13, Number 2, Page 118
[3]
Howard Qi
Journal of Banking & Finance, 2011, Volume 35, Number 1, Page 166

Comments (0)

Please log in or register to comment.
Log in