Valuing an Entrepreneurial Enterprise
David B. Audretsch and Albert N. Link
Abstract
The number of new small closely held business start-ups, which may be referred to as entrepreneurial enterprises, is growing and they continue to be the primary source for employment growth in the United States and in most industrialized nations. However, the topic of the valuation of an entrepreneurial enterprise has for the most part been ignored because, in the view of many, traditional valuation methods are not applicable. This is because entrepreneurial enterprises do not have a history of sales and revenues upon which traditional valuation methods are built. Through conceptual discussion ... More
Keywords: entrepreneurship, entrepreneurial enterprise, business valuation, income-based valuation methods, asset-based valuation methods
Bibliographic Information
| Print publication date: 2012 | Print ISBN-13: 9780199730377 |
| Published to Oxford Scholarship Online: May 2012 | DOI:10.1093/acprof:oso/9780199730377.001.0001 |
