Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/114634 
Erscheinungsjahr: 
1991
Quellenangabe: 
[Journal:] Journal of Small Business Finance [ISSN:] 1057-2287 [Volume:] 1 [Issue:] 2 [Publisher:] JAI Press [Place:] Greenwich, CT [Year:] 1991 [Pages:] 155-159
Verlag: 
JAI Press, Greenwich, CT
Zusammenfassung: 
This paper demonstrates that control premiums are warranted in the valuation of closely-held firms when perquisites exist. The value of control is a function of the ownership structure and the size of perquisite cash flows. The conventional logic of assigning control premiums based upon transactions in the public market is shown to be flawed. A statistic for calculating control premiums based on ownership structure and the size of perquisite flows is developed. The paper closes with a short discussion of how minority discounts and control premiums are related.
Schlagwörter: 
Control Premium
Valuation
Closely Held
Small Firm
JEL: 
G32
Dokumentart: 
Article

Datei(en):
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