ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES, vol.3, no.2, pp.143-156, 2008 (ESCI)
Value and price concepts have always been discussed in economics. Understanding value and price concepts and when they dissociate or converge is very important for corporate valuation which is critical for a free market system. The concepts have been defined by many economists from different views. Understanding those different views are important to understand and execute true valuation. Though the corporate value is a function of future cash flows in economic terms, there are some different definitions for different aims or as supplementary. Corporate value definitions can be classified basically as liquidation, book, and going concern value. Comprehension of valuation is critically important for developing economies that need capital inflows much.