The valuation of firms - Luigi Guatri

This pathbreaking book demonstrates that not only is the value of the firm a fundamentally important economic concept but that the way in which it is presently calculated is in many cases simplistic and misleading.

Luigi Guatri has developed the new and powerful concept of Economic Equity which is able to tie together the theoretical and practical considerations involved in valuing a complex entity like the firm. This approach allows:

* A detailed understanding of the real value of the firm and where it lies.
* A proper appreciation of all the firm's activities and assets in considering its value.
* The merging of the particular details with the most useful and powerful aspects of finance theory.

For students, researchers and practitioners in industrial economics, finance and banking this book provides the first effective method for creating a standard for evaluating firms in different sectors and national economies.