INFORMATION AND ANALYTICAL FRAMEWORK FOR EXPRESS EVALUATION OF STOCK COMPANIES’ VALUE IN CONSTRUCTION INDUSTRY UNDER LIMITED MOBILITY OF CORPORATE RIGHTS ON THE STOCK MARKET
Abstract
Structural and content analysis of the conceptual framework and the regulatory and legislative support of the joint stock companies’ evaluation in the construction industry was conducted. Organizational and economic basis for the information selection in the process of evaluation of objects-analogues business on the basis of criteria that take into account specific characteristics of construction industry was defined. A database for the analysis of the dynamics of price and non-price multiples of joint stock companies of the construction industry of Ukraine was developed and on its base a three factor model of express evaluation of the market value of shares of the construction industry was designed. Average branch level of P/E relation for construction joint-stock companies’, which allows performing of express assessment of enterprises-analogues’ shares mark et value in perspective period, and indentifying overestimation and underestimation of corporate rights, was achieved . An algorithm for evaluating the market value of shares of joint stock companies of the construction industry was improved with the use of a comparative approach instruments.Keywords: market value, value-based management, business valuation, price multiplicators, algorithm of comparative approach usage for assessing business value.
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