Valuation is often said to be “an art not a science” but this relates to the techniques employed to calculate value not to the underlying concept itself. Valuation is the process of estimating price in the market place. Yet, such an estimation will be affected by uncertainties. Uncertainty in the comparable information available; uncertainty in the current and future market conditions and uncer...

The Victorian State Government is reserving 15,000 hectares of land to protect native grasslands in to the west of Melbourne, Australia, to be managed by the Department of Environment and Primary Industries (DEPI). The WGR currently contains a mixture of high quality native grasslands, degraded grasslands and non-native vegetation including improved pasture and cropland. Managing these areas fo...

based on valuation model of residual earnings, we cannot use earnings and losses of balance sheet items recorded in fair value for valuation purposes, for the balance sheet provides a perfect estimate of such items’ value. the purpose of this study is to examine whether net financial expenses are related to the market price of stocks in iran, because after initial recording of financial debts, ...

We study the model theory of fields k carrying a henselian valuation with real closed residue field. We give a criteria for elementary equivalence and elementary inclusion of such fields involving the value group of a not necessarily definable valuation. This allows us to translate theories of such fields to theories of ordered abelian groups, and we study the properties of this translation. We...

The benefits promised by pension schemes are often rather complex contingent-claims whose valuation requires the specification of the stochastic behaviour of several state-variables such as salaries, inflation rates, rates of return on investments, and so on. The object of this paper is, first of all, to present a valuation model suitable for their pricing, and then to apply this model to the v...

this study seek to examine performance of feltham - ohlsen (1995)valuation model at the tehran stock exchange and is trying to identify relation between intrinsic company value and return. this model is trying to determine the intrinsic value of company using their book value. statistical community of this study includes all tse accepted companies and statistical sample is including 37 tse acce...

A decade of surging bicycle use has attracted little research seeking to measure bicycle utility, infrastructure preferences, and the tension between transportation budgets versus the demands of cyclists, pedestrians, and motorists. A review of the literature shows only one study applying non-market valuation tools to study this issue and demographic surveys tracking gender, age, and income hav...