1、3800 英文单词， 2.1 万英文字符 ， 中文 6400 字 文献出处： Poborsky, Franti?ek. Fundamentals of the Liquidation Method of Business ValuationJ. Procedia Economics and Finance, 2015, 25:386-393. Fundamentals of the Liquidation Method of Business Valuation Frantiek Poborsk Abstract Fundamentals of the liquidation method o
2、f business valuation are introduced in this paper. It contains findings from the main business valuation literature. Problematic areas of the liquidation method are also identified. Proposed solutions, if available, are provided. Furthermore problematic areas including possible direction for further
3、 research are discussed. Keywords: Liquidation; Valuation; Problematic areas 1. Main text There is lack of references to the liquidation method in the business valuation literature and economic papers. The business valuation methodology mainly deals with income approach, particularly with the discou
4、nted cash-flow method (DCF) that has been widely theoretically analysed and discussed. The empirical evidence reveals the grounds to this phenomena the major method used for valuation of the going-concern business is DCF method (for the Czech environment see Podkubka (2012). However, in some cases t
5、here are doubts whether the going-concern principle is attainable or valued business faces serious problems (economic or financial). In such cases valuer should consider alternative approaches to asses a value of the business. Then, liquidation method of valuation is among the favourites. As I have
6、observed in the literature and in expert reports, liquidation valuation is often performed simply, without reflecting basic economic rules which affect the valuation result (time value of money, corresponding costs etc.). Too simple liquidation valuations are distorted significantly. We can quite easily compile problematic areas of liquidation method, but many of them have not been solved yet, some problems related to the liquidation method have not been mentioned yet and some very impo
