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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
New Economy Companies: Impact of COVID-19 on Valuation
Author(s)
Gladie Lui
Connie Shum
Full-Text PDF
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DOI:10.17265/1548-6583/2022.03.001
Affiliation(s)
ESCP Business School, London, U.K.
Pittsburg State University, Pittsburg, USA
ABSTRACT
The boom of innovative and new technology-oriented companies that provide products and services to customers in recent years has given rise to a new class of firms called New Economy Companies, or NECs. Accurate valuation of these companies throughout their life cycles can be challenging because most of them have massive amount of debt and have a long history of losses since inception, and their principal assets are mostly intangible with no clear values. Inadvertently, the COVID-19 pandemic has added even more obstacles for valuation providers to determine the value of this new type of companies. This paper examines the characteristics of NECs, valuation methods, and the impact of COVID-19 on the valuation of these companies.
KEYWORDS
New Economy Companies (NECs), valuation of New Economy Companies, techniques used by New Economy Companies
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