Valuing start-ups – selected approaches and their modification based on external factors
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F16%3APU121278" target="_blank" >RIV/00216305:26510/16:PU121278 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.3846/btp.17.11129" target="_blank" >http://dx.doi.org/10.3846/btp.17.11129</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3846/btp.17.11129" target="_blank" >10.3846/btp.17.11129</a>
Alternative languages
Result language
angličtina
Original language name
Valuing start-ups – selected approaches and their modification based on external factors
Original language description
The recent methods of start-up valuation seek to compensate for the lack of data necessary for a standard company valuation with additional information on the person of the entrepreneur and business project. None of the existing approaches, however, takes into consideration information about the environment in which the venture capitalists conduct their investments. Therefore, the aim of this paper is to develop an approach considering factors of the investee companies’ environment. Such a modification will allow a more accurate estimate of the value of the projects investigated. The nature of this study is explorative. It relies on secondary data that was collected using interviews and semi-structured questionnaires in previous empirical studies. During the course of the modelling process, information on the quality of the investee companies’ environment expressed is incorporated into the established start-up project valuations. Our original proposal consists of the modification of the β coefficient calculation for a given type of projects. An essential part of this modification is also a proposal for the extension of the project scoring characteristics to include expert estimates and, in the case of regression analysis, the inclusion of explanatory variables expressing the suitability of the environment for venture capital investments.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Business: Theory and Practice
ISSN
1648-0627
e-ISSN
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Volume of the periodical
17
Issue of the periodical within the volume
4
Country of publishing house
LT - LITHUANIA
Number of pages
10
Pages from-to
335-344
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85044397125