Discounted cash flow and business valuation in a nineteenth century merger: a note

Edwards, John Richard ORCID: https://orcid.org/0000-0002-1526-8523 and Warman, A. 1981. Discounted cash flow and business valuation in a nineteenth century merger: a note. The Accounting Historians Journal 8 (2) , pp. 37-50.

Full text not available from this repository.

Abstract

In 1889 the Shelton Iron, Steel and Coal Company Limited was incorporated to take over the assets and business activities of two existing companies. To guide the contracting parties in negotiating a price to be paid for the properties belonging to the Shelton Collieries and Ironworks an independent valuation was arranged by Deloitte, Dever, Griffiths & Co., later appointed auditors of the new company. The article comprises an appraisal of the valuation exercise, which is an early example of the use of a discounted cash flow technique to provide relevant information for a capital investment decision.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Schools > Business (Including Economics)
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Publisher:	The Academy of Accounting Historians
ISSN:	0148-4184
Last Modified:	25 Oct 2022 09:47
URI:	https://orca.cardiff.ac.uk/id/eprint/60005

Citation Data

Cited 10 times in Scopus. View in Scopus. Powered By Scopus® Data

Actions (repository staff only)

Edit Item