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Evaluarea pe baza de active: analiza critica
[Evaluation based on assets: critical anaysis]


  • Goagara, Daniel
  • Giurca Vasilescu, Laura


For estimation the value of the firm, there can be used three approaches: the approach based on assets, the approach based on incomes and the approach based on comparison. Each type of approach include more methods and techniques of evaluation and, in practice can be used all three approaches in order to estimate the value of the firm. Among the patrimonial methods (evaluation based on assets) the most representative are the followings: Net Accounting Asset (ANC); Net Corrected Accounting Asset (ANCc); Net Liquidation Asset (ANL); the substantial value; the permanent capital necessary for exploitation. A comparative analysis of the methods ANC and ANCc reveals the main advantages and disadvantages of them. But the selection of a certain approach or methods depends on the type of firm, on its situation at the evaluation date, on the available information, on the purpose of evaluation etc. and the option for a method or another is based finally on the evaluator’s choice which select the used methods in function of the specific conditions where the evaluation is done and of the existing advantages/disadvantages.

Suggested Citation

  • Goagara, Daniel & Giurca Vasilescu, Laura, 2009. "Evaluarea pe baza de active: analiza critica
    [Evaluation based on assets: critical anaysis]
    ," MPRA Paper 16496, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:16496

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    patrimonial evaluation; evaluation methods; Net Accounting Asset; Net Corrected Accounting Asset;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies

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