Article - Problems of Modern Economics

Kantor O. G.
Head of the Chair of Corporate Finances and Accounting Technologies, Ufa State Oil University of Technology, PhD (Physics and Mathematics), Professor;
Davletshina Z. R.
PhD student, Ufa State Oil University of Technology

Evolution of the concept of “business value assessment”: Boundaries of the content changes (Russia, Ufa)

The article argues for the importance of studying the concept of “business value” and distinguishes five stages in the evolution of the content of the “business value assessment” concept, namely: “Materiality”, “Non-materiality”, “Future”, “Integration”, “Manufacturability.” The authors define the boundaries of changes in the content of the concept “assessment of business value,” which are indicated within the framework of such elements as the content of value, assessment methodology, purpose of assessment, subject of assessment.

Key words: business, enterprise, cost, business valuation

Pages: 65 - 67

Список использованных источников:
1. Modigliani F. The Cost of Capital, Corporation Finance and the Theory of Investment / F. Modigliani, M. Miller // American Economic Review, June 1958.
2. Асканова О.В., Карпенко А.В. Эволюция подходов к осознанию сущности понятия стоимости бизнеса и ее оценки // Общество: политика, экономика, право. — 2010. — №2. — С. 38–42.
3. Brusov P., Filatova T. Business Valuation and Company Value: New Horizons. In: Business Valuation and Company Value. Contributions to Finance and Accounting. Springer, Cham, 2025. Pp. 627–647. https://doi.org/10.1007/978–3–031–90847–7_26
4. Chen, S. Valuation. In: Decoding the Market. Management for Professionals. Springer, Singapore, 2025. Pp. 123–136. https://doi.org/10.1007/978–981–95–3064–9_12
5. Trusculescu A. Business Valuation Across the Industry Life Cycle. A Quantitative Study Focusing on Internet-Enabled Businesses. Springer Gabler Wiesbaden, 2025. 316 p.
6. Gitonga N.B. Value of Transformation: Business-Driven or Technology-Driven?. In: Sergi, B.S. Popkova, E.G. Ostrovskaya, A.A. Chursin, A.A. Ragulina Y.V. (eds) Ecological Footprint of the Modern Economy and the Ways to Reduce It. Advances in Science, Technology & Innovation. Springer, Cham, 2024. Pp. 133–139. https://doi.org/10.1007/978–3–031–49711–7_23
7. Li, K. Valuation Driven Innovation. Asia-Pac Financ Markets, 2025. https://doi.org/10.1007/s10690–024–09514–2
8. Schüler, A. Inflation risk and equity valuation: a critical review. Journal Business Economic 95, 2025. Pp. 957–974. https://doi.org/10.1007/s11573–025–01233-y
9. Биттиев М.Х., Маянцев В.С., Мурзин С.А. Управление ценностью бизнеса: экономические методы оценки стоимости компании // Прогрессивная экономика. — 2025. — №5. — С. 65–75.

Article in russian

Back to the issue content


Copyright © Problems of Modern Economics 2002 - 2026