A complete explanation of the issues that determine private firm value Principles of Private Firm Valuation combines recent academic research and practical real-world experience to help readers better understand the multitude of factors that determine private firm value. For the financial professional serving private firms-who are increasingly being called upon to give advice on issues related to firm valuation and deal structure-this comprehensive guide discusses critical topics, including how firms create value and how to measure it, valuing control, determining the size of the marketability discount, creating transparency and the implications for value, the value of tax pass-through entities versus a C corporation, determining transaction value, and the valuation implications of FASB 141 (purchase price accounting) and 142 (goodwill impairment). Dr. Stanley J. Feldman (Lowell, MA) is Associate Professor of Finance at Bentley College, where he currently teaches courses in corporate finance with a focus on business valuation and business strategy at both the graduate and undergraduate levels. He is a member of the FASB Valuation Resource Group and is Chairman and cofounder of Axiom Valuation Solutions.
An advanced book that gives advanced mathematical analysis of valuation, while also implementing insightful material related to contemporary business activity. The book is for people who do have a background around financial valuation and analysis. One thing that I disliked about the book, is that it felt unusually heavy; the material is written in a way that makes it a struggle to finish reading. Additionally, although the material is advanced, I believe other important could have been also included. All-in-all, it is a book that is worthy of reading especially because of the sections where mention of business activity is included, which is not apparent in most financial books.