Valuation in Emerging Markets Challenges, Approaches and Strategies

This volume sheds light on the valuation of assets in emerging economies. It provides essential insights and practical strategies tailored for investors, analysts, and financial professionals and addresses unique challenges such as diverse financial reporting standards, higher volatility, liquidity issues, and distinct regulatory environments.

Bridging a critical gap in existing literature, the book analyzes the historical context, key issues, and trends of emerging markets. It offers step-by-step valuation methodologies for public and private companies, adding real-world case studies, and practical examples from M&A activities, legal advisory experiences, and startup valuations.

With contributions from financial advisors, corporate experts, and lawyers, this book offers a holistic and practical perspective and will appeal to academics, practitioners, and policymakers alike, equipping readers with the tools to navigate and understand the complexities of emerging market valuations effectively.

Chapter 1. Introduction: Presenting conceptual and practical approaches to Emerging Market valuation.- Chapter 2. The Emerging Markets Investment Landscape: Past, Present and Future.- Chapter 3. Key Drivers of Valuation and Returns in Emerging Markets: An Advisor´s View.- Chapter 4. Understanding the unique characteristics of valuation in Emerging Markets.- Chapter 5. Valuation Methods and Techniques: Fundamental principles of valuation theory in emerging markets.- Chapter 6. Public Company Valuation in Emerging Markets: A simplified and practical step-by-step approach via DCF.- Chapter 7. Emerging Market Valuation Multiples: “It’s all relative”.- Chapter 8. High Stakes, Higher Rates: An overview and step-by-step

Sinem Derindere Köseoglu is a well-known Associate Professor of Finance at Istanbul University, Türkiye, where she also completed her Ph.D. in Finance. With extensive experience in corporate finance and valuation, she specializes in business valuation, startup and brand valuation, mergers & acquisitions (M&A), initial public offerings (IPO), project valuation, and feasibility studies. As an experienced financial consultant, Dr. Derindere Köseoglu has led numerous valuation projects in various industries and prepared comprehensive feasibility reports for both new ventures and expansion initiatives, successfully securing funding for high-potential investments. With her academic rigor and practical insights, she collaborates with leading academics and industry experts to deliver impactful financial solutions that drive success across a wide range of industries.

Adam Patterson is an economics and corporate finance professional with extensive experience in valuation & capital budgeting, mergers and acquisitions (M&A), financial modeling, and economic research. He has worked for global banks, MNCs, and leading asset managers. His research interests include asset valuation, political economy, startup modeling, Brazilian financial markets, and infrastructure economics. He is a columnist for multiple UK and Brazilian media outlets. Patterson is a visiting professor of corporate finance and valuation for several Brazilian business schools and a published author in economics and valuation. He is a founding member of the Brazilian Institute of M&A (IDEFA) and currently works in M&A and financial advisory in Brazil.