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Marek Panfil

Business Valuation (Marek Panfil,  Andrzej Szablewski)
Business valuation is invariably linked with the focus on value maximisation. The goal of every company is to increase its equity, which requires the development and implementation of a long-term value creation strategy. The economic value of an enterprise  is of primary importance here, such value being understood as the enterprise’s capacity for free cash flows generation. The emphasis is on the future, and not on the past; on real income and not on book profit.

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