{"?xml":{"@version":"1.0"},"edm:RDF":{"@xmlns:dc":"http://purl.org/dc/elements/1.1/","@xmlns:edm":"http://www.europeana.eu/schemas/edm/","@xmlns:wgs84_pos":"http://www.w3.org/2003/01/geo/wgs84_pos","@xmlns:foaf":"http://xmlns.com/foaf/0.1/","@xmlns:rdaGr2":"http://rdvocab.info/ElementsGr2","@xmlns:oai":"http://www.openarchives.org/OAI/2.0/","@xmlns:owl":"http://www.w3.org/2002/07/owl#","@xmlns:rdf":"http://www.w3.org/1999/02/22-rdf-syntax-ns#","@xmlns:ore":"http://www.openarchives.org/ore/terms/","@xmlns:skos":"http://www.w3.org/2004/02/skos/core#","@xmlns:dcterms":"http://purl.org/dc/terms/","edm:WebResource":[{"@rdf:about":"http://www.dlib.si/stream/URN:NBN:SI:doc-R4JN7LSF/307af22c-4cb0-45fc-b881-b321de8c5973/HTML","dcterms:extent":"55 KB"},{"@rdf:about":"http://www.dlib.si/stream/URN:NBN:SI:doc-R4JN7LSF/2f7a0fa7-c7b0-43b4-b390-99d320c5c845/PDF","dcterms:extent":"1445 KB"},{"@rdf:about":"http://www.dlib.si/stream/URN:NBN:SI:doc-R4JN7LSF/2839328f-d277-4452-a18d-9dee113af767/TEXT","dcterms:extent":"40 KB"}],"edm:TimeSpan":{"@rdf:about":"2006-2025","edm:begin":{"@xml:lang":"en","#text":"2006"},"edm:end":{"@xml:lang":"en","#text":"2025"}},"edm:ProvidedCHO":{"@rdf:about":"URN:NBN:SI:doc-R4JN7LSF","dcterms:isPartOf":[{"@rdf:resource":"https://www.dlib.si/details/urn:nbn:si:spr-hthivfa7"},{"@xml:lang":"sl","#text":"Naše gospodarstvo"}],"dcterms:issued":"2006","dc:creator":"Bertoncelj, Andrej","dc:format":[{"@xml:lang":"sl","#text":"10 strani"},{"@xml:lang":"sl","#text":"številka:5/6"},{"@xml:lang":"sl","#text":"letnik:52"},{"@xml:lang":"sl","#text":"str. 116-125"}],"dc:identifier":["ISSN:0547-3101","COBISSID:512465794","URN:URN:NBN:SI:doc-R4JN7LSF"],"dc:language":"en","dc:publisher":[{"@xml:lang":"sl","#text":"Društvo ekonomistov Maribor"},{"@xml:lang":"sl","#text":"Ekonomski center Maribor"},{"@xml:lang":"sl","#text":"Ekonomsko-poslovna fakulteta"}],"dc:subject":[{"@xml:lang":"sl","#text":"podjetja"},{"@xml:lang":"sl","#text":"prevzem podjetja"},{"@xml:lang":"sl","#text":"vrednotenje"},{"@xml:lang":"sl","#text":"združevanje"}],"dcterms:temporal":{"@rdf:resource":"2006-2025"},"dc:title":{"@xml:lang":"sl","#text":"Acquisition valuation: how to value a going concern?| Vrednotenje prevzema: kako vrednotiti delujoče podjetje?|"},"dc:description":[{"@xml:lang":"sl","#text":"Acquisitions too often do not create value for acquirers. One of the reasons is that acquiring companies often pay too much for targets. It is important not to pay more than the real worth that targets bring to acquiring companies. It is referred to as worth rather than acquisition price in absolute term, meaning that the difference between intrinsic value and acquisition price should be justified with realistic estimation of synergy and control. Combination of two valuation approaches, discounted cash flow method using perpetual growth and EBITDA exit multiple principles, and comparables method applying EBITDA multiple, is explored for valuing going concerns. When numbers do not add up, acquirers should pass up contemplated acquisitions"},{"@xml:lang":"sl","#text":"Prevzemi pogosto ne ustvarijo vrednosti za prevzemne družbe. Eden izmed razlogov je, da prevzemne družbe preplačajo ciljne družbe - tarče. Pomembno je, da prevzemne družbe ne plačajo več od vrednosti tarč z vidika dejanske vrednosti in tudi ne prevzemne cene v absolutnem znesku. Razlika med notranjo vrednostjo in prevzemno ceno mora biti upravičena z realno oceno kontrolne vrednosti in sinergije. Kombinacija dveh načinov vrednotenja - metode diskontiranja prihodnjih denarnih donosov z uporabo pristopov stalne rasti in izhodnega multiplikatorja EBITDA ter metode na podlagi kazalcev z uporabo multiplikatorja EBITDA - je obravnavana z vidika delujočih podjetij. Kadar je prevzemna cena previsoka, naj prevzemne družbe raje opustijo prevzemne priložnosti"}],"edm:type":"TEXT","dc:type":[{"@xml:lang":"sl","#text":"znanstveno časopisje"},{"@xml:lang":"en","#text":"journals"},{"@rdf:resource":"http://www.wikidata.org/entity/Q361785"}]},"ore:Aggregation":{"@rdf:about":"http://www.dlib.si/?URN=URN:NBN:SI:doc-R4JN7LSF","edm:aggregatedCHO":{"@rdf:resource":"URN:NBN:SI:doc-R4JN7LSF"},"edm:isShownBy":{"@rdf:resource":"http://www.dlib.si/stream/URN:NBN:SI:doc-R4JN7LSF/2f7a0fa7-c7b0-43b4-b390-99d320c5c845/PDF"},"edm:rights":{"@rdf:resource":"http://rightsstatements.org/vocab/InC/1.0/"},"edm:provider":"Slovenian National E-content Aggregator","edm:intermediateProvider":{"@xml:lang":"en","#text":"National and University Library of Slovenia"},"edm:dataProvider":{"@xml:lang":"sl","#text":"Univerza v Mariboru, Ekonomsko-poslovna fakulteta"},"edm:object":{"@rdf:resource":"http://www.dlib.si/streamdb/URN:NBN:SI:doc-R4JN7LSF/maxi/edm"},"edm:isShownAt":{"@rdf:resource":"http://www.dlib.si/details/URN:NBN:SI:doc-R4JN7LSF"}}}}