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000959049 020__ $$a9783030388478$$q(PDF ebook)
000959049 020__ $$a3030388476
000959049 020__ $$z9783030388461 (hbk.)
000959049 0247_ $$a10.1007/978-3-030-38847-8$$2doi
000959049 035__ $$aSP(OCoLC)on1230566446
000959049 035__ $$aSP(OCoLC)1230566446
000959049 040__ $$aUKMGB$$beng$$erda$$epn$$cUKMGB$$dOCLCF$$dOCLCO$$dGW5XE
000959049 049__ $$aISEA
000959049 050_4 $$aHG4028.V3
000959049 08204 $$a658.15$$223
000959049 1001_ $$aRothman, Tiran,$$eauthor.
000959049 24510 $$aValuations of early-stage companies and disruptive technologies :$$bhow to value life science, cybersecurity and ICT start-ups, and their technologies /$$cTiran Rothman.
000959049 264_1 $$aBasingstoke :$$bPalgrave Macmillan,$$c[2020]
000959049 300__ $$a1 online resource :$$billustrations (some color)
000959049 336__ $$atext$$btxt$$2rdacontent
000959049 337__ $$acomputer$$bc$$2rdamedia
000959049 338__ $$aonline resource$$bcr$$2rdacarrier
000959049 500__ $$aIncludes index.
000959049 5058_ $$aIntro -- Acknowledgments -- Contents -- List of Figures -- List of Tables -- Part I: A Short Overview of Valuations -- 1: Introduction -- 2: Understanding Financial Valuations: Foundations and Basic Traditional Techniques -- 2.1 Background -- 2.2 It's All About Trust -- 2.3 What Is a Valuation? -- 2.4 The Advantages and Disadvantages of Corporate Valuations -- 2.5 What Does a Corporate Valuation Reflect? -- 2.6 Different Valuation Methods -- 2.7 What Are Capitalization Rates? Why Are They Important? -- 2.7.1 Explaining the Formula Elements
000959049 5058_ $$a2.8 Valuations in New Technology Industries -- 2.9 Conclusion -- Part II: Overcoming Valuation Hurdles: How to Conduct Valuations Under Unique Circumstances -- 3: Understanding the Basic Elements of Stockholder Statements and Their Use in Valuations -- 3.1 Background -- 3.2 The Balance Sheet -- 3.2.1 The Balance Sheet Identity -- 3.2.1.1 Assets -- 3.2.2 Liabilities -- 3.2.2.1 Stockholder Equity -- 3.2.3 Book Value Versus Market Value -- 3.2.4 Enterprise Value -- 3.3 The Profit and Loss (PL) Report or Income Statement -- 3.3.1 Earnings Calculations -- 3.3.2 The Statement of Cash Flows
000959049 5058_ $$a3.3.3 Non-operating Assets -- 3.3.3.1 Investment Operations -- 3.3.3.2 Financing Operations -- 3.3.4 Notes to the Financial Statements -- 3.3.5 Financial Statement Analysis -- 4: Valuation Methods: The First Chicago Venture Method and  the Use of Real Options -- 4.1 The Use of Multiples with the First Chicago Venture Method -- 4.2 Finding Similar Companies -- 4.3 Valuation Through the Use of Real Options: What Is It and When Is It Used? -- Part III: Behavioral Factors: How Psychology Affects Bias in Valuations -- 5: Introduction to Behavioral Finance -- 5.1 Background
000959049 5058_ $$a5.2 Investors' Behavior in the Financial Markets -- 5.2.1 The Hot Hand Fallacy -- 5.2.2 The Efficient Market Hypothesis -- 5.2.3 The Psychology of Tail Events -- 5.2.4 The Availability Heuristic: Why Does an Event Happen? -- 5.2.5 Mental Accounting -- 5.2.6 Stock Market Underreaction and Overreaction -- 5.2.7 Investors' Attention and Trade Shares -- 5.2.8 Anchoring -- 5.2.9 Hindsight Bias -- 5.2.10 Endowment Effects -- 5.3 Do Experts Exhibit Biases? -- 6: An Overview of Investor Behavior in Financial Markets and Psychological Influences on Valuations -- 6.1 Background
000959049 5058_ $$a6.2 Optimism and Expectations in the Financial Aspect -- 6.3 Attention and Its Effect on Valuations -- 6.3.1 Psychology Framework: Attention Theory -- 6.3.2 Selective Attention and Information Processing -- 6.3.3 Attention Theory Mechanisms -- 6.3.4 The Role of Attention in Capital Markets -- 6.3.5 Attention Hypothesis -- 6.4 The Myopic Aspect of Skewness Investment -- References -- 7: How to Overcome Investor Behavior and Psychological Influences in Valuations: How to Evaluate a Dream? -- 7.1 Background -- 7.2 Valuation of Companies -- 7.3 The r in rNPV -- 7.4 Valuation of Technology
000959049 506__ $$aAccess limited to authorized users.
000959049 520__ $$aThis book will serve as a practical guide for entrepreneurs and investors/advisors in constructing and understanding valuations of startups in rapidly shifting industries, including the areas of drug development, medical devices, cyber security, and renewable energy. For large companies, valuation is based on forecasts of free cash flow; in technologically-driven industries, product pipelines can represent a large part of market capitalization. The situation is even more critical for small companies committed to a single idea: all of their value is linked to a single project. Any business transaction or internal proposal to begin or terminate an R&D project in which innovative projects are being valued or exchanged requires a realistic valuation of those projects. Moreover, different projects have very different dynamics. Pharmaceuticals have very large lead times and are dependent on patents as well as out-licensing agreements. In contrast, software develops very quickly, and IP is hard to value. This book will be a guide to building appropriate valuations for companies competing in rapidly shifting industries and offering products under new business models where little precedent exists, taking both financial and behavioral issues into consideration.
000959049 588__ $$aDescription based on CIP data; resource not viewed.
000959049 650_0 $$aNew business enterprises$$xValuation.
000959049 650_0 $$aNew business enterprises$$xFinance.
000959049 650_0 $$aInvestments.
000959049 650_0 $$aHigh technology industries$$xValuation.
000959049 650_0 $$aHigh technology industries$$xFinance.
000959049 77608 $$iPrint version: $$z9783030388461
000959049 852__ $$bebk
000959049 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-030-38847-8$$zOnline Access$$91397441.1
000959049 909CO $$ooai:library.usi.edu:959049$$pGLOBAL_SET
000959049 980__ $$aEBOOK
000959049 980__ $$aBIB
000959049 982__ $$aEbook
000959049 983__ $$aOnline
000959049 994__ $$a92$$bISE