The Economics of Business Valuation provides a different perspective on business valuation. Although this book thoroughly covers conventional business valuation theory and methodology, it goes far beyond traditional business valuation books. What distinguishes this book from others is that it considers business valuation from an economist's perspective. As an economist, the author considers the role of economic theory and the role of entrepreneurship in business valuation. The main theme of this book is that traditional business valuation methodology fails to produce realistic business values. The ideas presented in this work go against business valuation orthodoxy: however, if readers maintain an open mind they will gain a more profound understanding of business valuation.
The book is divided into the following six sections: theories of value, the nature of the firm, economic theories of value, finance theories of value, traditional and value functional theories of value, and applications. These six sections are...
