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Avaliação de Pequenas e Médias Empresas e Gestão de Risco

Author

Listed:
  • José Rodrigues de Jesús

    (Faculdade de Economia da Universidade do Porto)

  • Luís Miranda da Rocha

    (Faculdade de Economia da Universidade do Porto)

  • Rui Couto Viana

    (Faculdade de Economia da Universidade do Porto)

Abstract

Using the Free Cash-Flow method in the valuation of small or medium enterprises is far different from the valuation of their larger counterparts: firstly, it's important to make some adjustments to the financial statements, in order to predict the future cash-flows; secondly, the calculation of the weighted average cost of capital is rather subjective. Risk-management practices may have important effects not only in the future cashflows, but also in the cost of capital.

Suggested Citation

  • José Rodrigues de Jesús & Luís Miranda da Rocha & Rui Couto Viana, 2001. "Avaliação de Pequenas e Médias Empresas e Gestão de Risco," FEP Working Papers 110, Universidade do Porto, Faculdade de Economia do Porto.
    • Handle: RePEc:por:fepwps:110
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    References listed on IDEAS

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    Cited by:

    1. Rosa Forte, 2004. "The relationship between foreign direct investment and international trade. Substitution or complementarity? A survey," FEP Working Papers 140, Universidade do Porto, Faculdade de Economia do Porto.
    2. Rui Henrique Alves, 2004. "Europe: Looking for a New Model," FEP Working Papers 154, Universidade do Porto, Faculdade de Economia do Porto.

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