Business Valuation Across the Industry Life Cycle

A Quantitative Study Focusing on Internet-Enabled Businesses
Erscheinungsjahr 2025
ISBN: 978-3-658-49125-3
Verlag: Springer

Buch, Englisch, 316 Seiten, Format (B × H): 148 mm x 210 mm, Gewicht: 446 g

This book examines the valuation of internet-enabled businesses across their industry life cycles, demonstrating the shifts in valuation multiples and drivers over time, providing a comprehensive framework to better understand and optimize business valuations. Internet Evolution as Natural Experiment: The internet’s rise – from innovation to necessity, driven by 5G and AI – offers a unique lens on valuation methodologies across industry life cycles.

Methodological Approach: Unprecedented quantitative and qualitative research analyzing 1,767 companies globally across 21 industries and 15 years, covering 120 multiples, 216 drivers, and 100 million data points.

Valuation Framework: It proposes a groundbreaking framework linking valuation multiples and drivers to industry life cycles, illustrating the shift from revenue- to profitability-based multiples and from growth-centric to growth-and-profitability drivers as companies mature.

Practical Implications: It concludes with recommendations for stakeholders on monitoring valuation multiples and drivers for value-maximizing strategies across virtually all mature and emerging technologies.

Zielgruppe

Research

Autoren/Hrsg.

Trusculescu, Adelin

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Bereichsspezifisches Management E-Commerce, E-Business, E-Marketing
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Rating, Due Diligence, Unternehmensbewertung

Inhaltsverzeichnis

Introduction And Research Objective.- The Research Context And Challenge - The Internet As A Natural Experiment For The Study Of Finance.- Literature Review: Research Hypotheses And Methodology.- Definition And Characterization Of The Research Sample: The Considered Companies And Their Business Models.- Acquisition And Processing Of The Data For The Study.- Descriptive Statistics.- Testing The Hypothesis And The Model (Inferential Statistics).- Conclusions: Original Contributions And Future Research.- References Thesis.

Über Autor(innen)

Dr. Adelin Trusculescu is a Managing Director specializing in Technology M&A, with 15 years’ experience and over 35 closed transactions. He holds a degree from Boston University’s Questrom School of Business and a doctorate from Politehnica University Timi?oara. As an author, he has published numerous works on various aspects of corporate valuation.