 William M. Casey, Pietro Masci Valuation and mergers and acquisition in Latin America HP Exchange handbook - 2003
Valuation of a company is essential for the functioning of financial markets and affeets the process of asset acquisitions, mergers, and other related activities.
Consistent and comprehensive accounting and financial reporting standards that provide a high level of transparency constitute the basis for valuation.
Conversely, valuations are possible only if accurate financial and operating data and information is available, and if appropriate corporate governance and accounting practices and standards are in piace to permit and encourage transparency and disclosure.
Transparency is very relevant from the perspective of the acquirer as the acquirer is required to report financial information to his stockholders, creditors and auditors according to the accounting practices of the acquirer's home country.
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(06/01/2003)
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