Valuation in Emerging Market, Challenges, Approaches and Strategies, sinem derindere köseoğlu,adam patterson, Editör, Springer, London/Berlin , Berlin, ss.100-125, 2025
Enterprise valuation techniques in emerging markets require a practical approach that considers the unique challenges and characteristics of these markets. Traditional valuation methods often need to be modified to account for the specific risks and opportunities present in emerging economies. This chapter provides a comprehensive overview of valuation methods, highlighting the key differences between emerging and developed markets. The chapter presents a case study focused on Turkey, illustrating the practical application of valuation techniques in an emerging market context. The case study highlights the challenges of valuing enterprises in a dynamic and unpredictable environment, offering insights into how analysts can navigate these complexities to arrive at more accurate and reliable valuations. By addressing these critical issues, the chapter aims to equip readers with the tools and knowledge necessary to effectively value enterprises in emerging markets while acknowledging the inherent uncertainties and risks involved.