Český finanční a účetní časopis 2007(1):65-69 | DOI: 10.18267/j.cfuc.211
Comparison of US Bankrupt Firms Values Derived from Reorganization Plans with Values Achieved on Capital Markets
- Ing. Pavla Maříková, CSc. - odborná asistentka; Katedra financí a oceňování podniku, Fakulta financí a účetnictví Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <marikova@vse.cz>.
The contribution describes and discuses an interesting study that examines differences between firms' values estimated using valuation methods and their market values based on stock prices achieved on capital markets. The research was made on a sample of firms that reorganize under the Bankruptcy Code. The contribution underlines some chosen aspects and also some possible problems of the study.
Keywords: Value; Business valuation; Bankrupt firm.
JEL classification: G30
Published: March 1, 2007 Show citation
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References
- Gilson, S C. - Hotchkiss, E. S. - Ruback, R. S. (2000): Valuation of Bankrupt Firms. The Review of Financial Studies, 2000, roč. 12, č. 1, s. 43-74.
Go to original source... - International Valuation Standards Committee (2005): International Valuation Standards (2005). London, Appraisal Institute, 2005.
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