Overview
- Simplifies the mathematical and economic techniques employed in corporate valuations in general, and those for ventures at developmental and early-growth stages
- Draws on a number of interdisciplinary insights when evaluating early-stage ventures, specifically psychological insights into investor/entrepreneur behavior at different intervals throughout the valuation process
- Explores circumstantially specific valuation conundrums and how to treat these analytically
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Table of contents (15 chapters)
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Front Matter
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A Short Overview of Valuations
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Front Matter
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Overcoming Valuation Hurdles: How to Conduct Valuations Under Unique Circumstances
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Front Matter
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Behavioral Factors: How Psychology Affects Bias in Valuations
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Front Matter
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An Introduction to Valuations in R&D-Intensive Industries
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Front Matter
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Actual Valuations
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Front Matter
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Keywords
About this book
Reviews
“Psychological aspects of decision making are playing an increasing role in economic modeling and valuation, adding positive elements to the traditional approach based on the standard economic assumptions of rationality. Tiran Rothman book will guide investors and analysts with this exact convergence of behavioral economics and valuation for early-stage firms, where cognitive bias may play a significant rule.” (Itzhak Venezia, Professor of Finance (Emeritus), Hebrew University, Israel; Editor of Behavioral Finance: Where do Investors Biases Come From?)
“Tiran Rothman’s book highlights the excitement around the surge of theoretical and practical work in behavioral finance. A variety of readers are targeted with this book—lay people that seek to better understand how to analyze early-stage companies and practitioners interested in applying psychological aspects when they construct and value new securities.” (Joakim Westerholm, Professor of Finance, University of Sydney Business School, Australia) “Tiran Rothman has written a path-breaking book on financial valuation firmly grounded in the latest research on behavioral finance and investor psychology. He goes far beyond abstract theory and shows practically how to value early- and mid-stage firms in R&D-heavy sectors like the life sciences. The book includes a plethora of examples of valuing real-world startups. Tiran’s work is an indispensable guide for students and practitioners of valuation alike. Highly recommended!” (Joshua Mitts, Associate Professor, Columbia University)Authors and Affiliations
About the author
Tiran Rothman has over a decade of experience in financial consultancy and academic and applied research in behavioral finance and economics. As a vice president of Frost & Sullivan, he leads the largest private financial valuation program for high-tech companies and the Tel Aviv Stock Exchange Equity Research Program, involving pharmaceutical, biotechnology, medical device, ICT, renewable energy, autonomous vehicle and cybersecurity companies. He previously served as the Chief Economist of AMPAL (NASDAQ: AMPL). Tiran is also an Assistant Professor at the WIZO Academic Center Haifa in Israel. He holds a PhD in Behavioral Economics from the University of Haifa, an MBA in Finance from IDC Herzliya and was a visiting fellow at New York University’s Stern Business School. He has published widely in the field of behavioral finance and has been the recipient of numerous research grants and scholarships.
Bibliographic Information
Book Title: Valuations of Early-Stage Companies and Disruptive Technologies
Book Subtitle: How to Value Life Science, Cybersecurity and ICT Start-ups, and their Technologies
Authors: Tiran Rothman
DOI: https://doi.org/10.1007/978-3-030-38847-8
Publisher: Palgrave Macmillan Cham
eBook Packages: History, History (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-38846-1Published: 28 November 2020
Softcover ISBN: 978-3-030-38849-2Published: 28 November 2021
eBook ISBN: 978-3-030-38847-8Published: 27 November 2020
Edition Number: 1
Number of Pages: XII, 219
Number of Illustrations: 6 b/w illustrations, 5 illustrations in colour
Topics: Investment Appraisal, Risk Management, Start-Ups/Venture Capital, Innovation/Technology Management, Cybercrime