Valuing an Entrepreneurial Enterprise by David B. AudretschValuing an Entrepreneurial Enterprise by David B. Audretsch

Valuing an Entrepreneurial Enterprise

byDavid B. Audretsch, Albert N. Link

Hardcover | February 17, 2012

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Entrepreneurs generally lack the marketing capabilities necessary to bring their new product to market. To engage the resources required to do this, they must somehow place a value on the enterprise. However, all of the methods of valuation currently available are based on the use ofhistorical or current revenues, and therefore are not applicable to an entrepreneurial enterprise with a first-time product. In Valuing an Entrepreneurial Enterprise, Audretsch and Link present a valuation method uniquely tailored to emerging technology-based ventures that have no revenue history tolean on. Unlike many traditional methods, theirs does not take into account the track record of companies and products similar to that being valuated. Instead, it draws on economic theory to formulate a solution to the problem. The book develops conceptual ground, including trends in entrepreneurship, models of innovation, and the economics of standards and entrepreneurship policy. The authors review the traditional valuation methods and illustrate them numerically with case studies to show how the traditional approachproduces an incorrect valuation. The core of the book presents the new methodology and demonstrates how it avoids the pitfalls of past approaches. The authors also show how public policy on technology and infrastructure changes valuations of start-up firms in areas such as stem-cell products andrenewable fuels projects. Valuing an Entrepreneurial Enterprise will serve as a valuable resource for advanced students, economists, financial planners, and valuators interested in new valuation methods and the theory behind them, as well as those interested in entrepreneurship.
David B. Audretsch is Distinguished Professor, Ameritech Chair of Economic Development, and Director of the Institute for Development Strategies at Indiana University. He is an Honorary Professor at the WHU-Otto Beisheim School of Management in Germany. In addition, he serves as a Visiting Professor at King Saud University in Saudi Ara...
Title:Valuing an Entrepreneurial EnterpriseFormat:HardcoverDimensions:192 pages, 5.71 × 8.31 × 0.71 inPublished:February 17, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199730377

ISBN - 13:9780199730377


Table of Contents

About the AuthorsIntroductionInnovative Activity: Alternative Economics Frameworks and Policy ApproachesValuation Methods: Tools of the TradeTraditionally Used Valuation MethodsApplications of Traditionally Used Valuation ModelsAlternative Approaches to the Valuations of Video, Inc.Toward a Method for Valuing an Entrepreneurial EnterpriseValuation of Metal Brothers, Inc.Concluding StatementReferencesIndex