This article will focus on the considered examination of the evaluation criteria of minority interests in the equity capital of companies non-listed on regulated markets. In this respect the main features of both direct and indirect valuation criteria will be analysed, specifically focusing on the second ones which measure the economic value of such minority interests by executing a discount percentage to the pro-rata value of the whole company’s economic capital (W). Then the methods most often utilised by the European well-qualified professional praxis to measure the value of minority interests non-listed on regulated markets will be investigated. To this purpose, a number of official reports concerning purchase/sale transactions of minority interests in European non-listed companies will be examined.

Celli, M. (2017). The discounted valuation of minority interests in non-listed companies. In Proceedings of the 23rd IAMB Conference, New Orleans, Louisiana, USA January 19-20, 2017.

The discounted valuation of minority interests in non-listed companies

CELLI MASSIMILIANO
2017-01-01

Abstract

This article will focus on the considered examination of the evaluation criteria of minority interests in the equity capital of companies non-listed on regulated markets. In this respect the main features of both direct and indirect valuation criteria will be analysed, specifically focusing on the second ones which measure the economic value of such minority interests by executing a discount percentage to the pro-rata value of the whole company’s economic capital (W). Then the methods most often utilised by the European well-qualified professional praxis to measure the value of minority interests non-listed on regulated markets will be investigated. To this purpose, a number of official reports concerning purchase/sale transactions of minority interests in European non-listed companies will be examined.
Celli, M. (2017). The discounted valuation of minority interests in non-listed companies. In Proceedings of the 23rd IAMB Conference, New Orleans, Louisiana, USA January 19-20, 2017.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11590/327363
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