Anda belum login :: 25 Jul 2025 03:10 WIB
Detail
ArtikelEmotional Returns And Emotional Costs In Privately Held Family Businesses: Advancing Traditional Business Valuation  
Oleh: Astrachan, Joseph H. ; Jaskiewicz, Peter
Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Family Business Review vol. 21 no. 2 (Jun. 2008), page 139-150.
Fulltext: 139.pdf (141.27KB)
Isi artikelThis article introduces a formula to assess the total value of privately held family businesses from the owner’s perspective. It is argued that the total value of a business is not only composed of its financial worth and private benefits, as is usually assumed by traditional financial theory, but that emotional components also have an impact on valuation. In particular, it is assumed that emotional returns (ER) positively affect total value, whereas emotional costs (EC) negatively affect total value. Even though every stakeholder faces emotional costs and returns, it is solely the family business owner who ultimately decides on the worth of a business and consequently factors ER-EC into his or her valuation. The presented formula provides a better understanding of investment decisions in family businesses and a more accurate valuation of these businesses
Opini AndaKlik untuk menuliskan opini Anda tentang koleksi ini!

Kembali
design
 
Process time: 0 second(s)