Abstract
Valuation of a company is a very complex and challenging task. On one hand it requires the orientation in the existing analytical tools and relies on selection of appropriate valuation methods, and on the other it is quite intuitive with respect to the choice of unquantifiable factors. Re-occurring crisis situations which are triggered by decisions taken upon partial or manipulated information call for a critical review of popular valuation methods and development of new more optimal solutions for company valuation.The papers published in the ASEJ Journal (alternate title: Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej) - published by the University of Applied Sciences in Bielsko-Biała, are online open access distributed (Creative Commons Attribution CC-BY-NC 4.0 license). The Publisher cannot be held liable for the graphic material supplied. The printed version is the original version of the issued Journal. Responsibility for the content rests with the authors and not upon the Scientific Journal or Bielsko-Biala School of Finance and Law.
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