A paradigm shift in business valuation process using fuzzy logic

Abstract

The aim of this paper is proposing an overview of valuation of companies' process, associated to uncertainty modelization. This exposition represents a paradigm shift in the significance of what today we understand as valuation of a company. Through previous investigation published about finance literature, we prove there's still a long way to investigate on valuation methodology in terms of fuzzy methodology. The result given in this paper represents a new working line for researchers in the valuation field, and in general, for the scientific community, who wants to study further on value of business organizations, taking into account drivers, elements and variables, than common valuation models don't consider in the calculations. The exposition, which we propose by construction, is set like a fundamental axis to reach the higher efficiency levels in the valuation process. © 2012 Springer-Verlag Berlin Heidelberg.