Assessing the value of e‐businesses in emerging markets: spotlight on Romania
Source: International Journal of Foresight and Innovation Policy, Volume 4, Numbers 1-2, 28 January 2008 , pp. 71-89(19)
Publisher: Inderscience Publishers
Abstract:The e‐bubble of 2000 was followed by a slowdown from 2001 to 2003, but recently the markets are e‐bubbling again, especially the emerging ones in growing economies. An increasing number of transactions with e‐businesses appears to occur which prompts the need for valuing the firms involved and for designing an appropriate methodology for their appraisal. Although a vast literature is dedicated to financial valuation techniques for a wide spectrum of companies in established markets and to appropriate valuation techniques adapted to emerging markets, there is thus far hardly any attention dedicated for the valuation of e‐businesses in emerging markets. This paper aims to fill this gap, as in any innovation policy it is critical to estimate the value of new economic activity in a given region, particularly if it concerns high‐risk new investments. The scope of this paper is to review the existing literature in the field of e‐business and to explore an appropriate approach for a solid and practical methodology of valuing e‐businesses in emerging markets. We aim to develop such an operational e‐valuation framework utilising as a basis some evidence from Romania's emerging market.
Document Type: Research Article
Affiliations: 1: Department of Statistics and Econometrics, Academy of Economic Studies, Bucharest, Romania. 2: Department of Spatial Economics, Vrije Universiteit Amsterdam, De Boelelaan 1105, 1081 HV Amsterdam, The Netherlands
Publication date: 28 January 2008
- The International Journal of Foresight and Innovation Policy aims to further develop insight into the role of strategic intelligence in innovation policy and practice by acting as a scientific forum and contributing to the interaction between researchers, policy makers and actors involved in innovation processes.
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