1176:
1166:
580:
41:. For example, a coffee shop may call itself a "pure play" restaurant, and a factory that only produces goods (not designing or selling to consumers) may refer to itself as a pure play manufactory.
573:
34:
company focuses solely on a particular product or activity. Investing in a pure play company can be considered as investing in a particular commodity or product of a company.
566:
528:
Kim, Eonsoo; Nam, Dae-il; Stimpert, J.L. (2004). "The
Applicability of Porter's Generic Strategies in the Digital Age: Assumptions, Conjectures, and Suggestions".
238:
stage, and customers are unable to touch, examine and test real products before buying them. The online shopping experience foregoes human contact with consumers.
231:
can serve a wider audience without physical boundaries and distance, and may target specific customer groups without the high cost of maintaining physical stores.
87:
Here, when estimating a private company A's equity beta coefficient, the equity beta coefficient of a public company B is needed; the latter can be calculated by
234:
Compared to companies that integrate both offline and online, pure online internet retails do not have company brand recognition and reputation at the
308:
269:
1200:
494:
405:
1047:
172:
960:
192:
1106:
900:
1017:
980:
319:
247:
1151:
1136:
1126:
965:
780:
354:
Larry A. Cox & Gary L. Griepentrog (September 1988). "The Pure-Play Cost of Equity for
Insurance Divisions".
456:
R, Fuller; H, Kerr (1981). "Estimating the
Divisional Cost of Capital: An Analysis of the Pure-Play Technique".
1169:
1146:
1084:
910:
835:
795:
775:
339:
880:
870:
840:
810:
750:
1121:
1022:
885:
723:
693:
1037:
1059:
1054:
145:
81:
38:
421:
Cox, Larry A.; Griepentrog, Gary L. (1988). "The Pure-Play Cost of Equity for
Insurance Divisions".
1009:
168:
1179:
1091:
1074:
1032:
955:
947:
733:
718:
593:
545:
438:
371:
99:
510:
Mutschler, Ann
Steffora (2008). "Pure-play foundries comprise 84% of market, IC Insights says".
320:"Ascertaining the divisional Beta for project evaluation — the Pure Play Method — a discussion"
1111:
1096:
1027:
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88:
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537:
465:
430:
363:
69:
49:
558:
1131:
1042:
995:
985:
920:
845:
815:
765:
713:
685:
629:
164:
95:. The following calculation is then applied to return the beta coefficient of company A.
1079:
990:
469:
77:
65:
1194:
698:
289:
937:
785:
770:
644:
549:
895:
865:
708:
639:
514:. Australia: Reed Business Information Pty Ltd, a division of Reed Elsevier Inc.
92:
1141:
1101:
905:
855:
825:
703:
624:
228:
45:
541:
875:
738:
279:
37:
Pure play firms either specialize in a specific niche, or have little to no
925:
820:
805:
235:
180:
176:
17:
755:
212:
61:
486:
Chips and change : how crisis reshapes the semiconductor industry
442:
375:
340:"Computing the divisional cost of capital using the pure play method"
224:
188:
184:
434:
367:
338:
Collier, HW; Grai, T; Haslitt, S & McGowan, CB (October 2006).
260:
Cleveland S. Patterson (1995). "Estimating for non-traded assets".
654:
196:
160:
52:
retail spaces may be referred to as pure play online retailers.
562:
204:
200:
64:, the "pure play method" is an approach used to estimate the
215:, provide both foundry design services and IC fabrication.
80:
of other public and single focused companies. See also
287:
John
Frederick Weston & Eugene F. Brigham (1974).
167:, have no in-house design capabilities, and fabricate
91:
the return on B's stock on the return on the relevant
400:. Oxford: Oxford University Press Print Publication.
1008:
946:
794:
684:
673:
600:
288:
574:
489:(1st ed.). Cambridge, Mass.: MIT Press.
115:Equity Beta A = Unlevered Beta of B × (1 + DE
8:
1175:
1165:
681:
581:
567:
559:
262:The Cost of Capital: Theory and Estimation
44:Companies that transact exclusively via
388:
264:. Quorum/Greenwood. pp. 221–224.
102:Beta of B = Equity Beta of B / (1 + DE
1116:
7:
523:
521:
483:Brown, Clair; Linden, Greg (2011).
347:Applied Financial Economics Journal
470:10.1111/j.1540-6261.1981.tb01071.x
318:N.R. Parasuraman (November 2002).
25:
423:The Journal of Risk and Insurance
398:Dictionary of Finance and Banking
356:The Journal of Risk and Insurance
1174:
1164:
296:Essentials of managerial finance
148:of company A and B respectively.
173:fabless semiconductor companies
76:, which involves examining the
961:Debtor-in-possession financing
193:Integrated device manufacturer
1:
159:Pure play foundries, such as
901:Staggered board of directors
1018:Accretion/dilution analysis
1217:
981:Leveraged recapitalization
248:Diversification (strategy)
1160:
1152:Valuation using multiples
1137:Sum-of-the-parts analysis
1107:Modigliani–Miller theorem
966:Dividend recapitalization
781:Secondary market offering
299:. Dryden Press. pp.
195:(IDM) foundries, such as
1201:Types of business entity
1170:List of investment banks
1085:Free cash flow to equity
911:Super-majority amendment
836:Management due diligence
776:Seasoned equity offering
542:10.1016/j.jm.2003.12.001
327:The Chartered Accountant
223:Compared to traditional
881:Shareholder rights plan
871:Post-merger integration
841:Managerial entrenchment
811:Contingent value rights
751:Initial public offering
1023:Adjusted present value
886:Special-purpose entity
724:Direct public offering
694:At-the-market offering
396:Law, Jonathan (2014).
290:"The Pure Play Method"
1038:Conglomerate discount
530:Journal of Management
349:. Taylor and Francis.
219:Pure play e-retailers
146:debt to equity ratios
1060:Economic value added
1055:Discounted cash flow
39:vertical integration
645:Senior secured debt
169:integrated circuits
155:Pure play foundries
1180:Outline of finance
1092:Market value added
1075:Financial modeling
1033:Business valuation
956:Debt restructuring
734:Follow-on offering
719:Corporate spin-off
677:(terms/conditions)
594:investment banking
458:Journal of Finance
227:stores, pure play
1188:
1187:
1112:Net present value
1097:Minority interest
1028:Associate company
1004:
1003:
971:Financial sponsor
891:Special situation
861:Pre-emption right
851:Minority discount
761:Private placement
660:Subordinated debt
615:Exchangeable debt
602:Capital structure
590:Corporate finance
310:978-0-03-030733-1
271:978-0-89930-862-3
209:Texas Instruments
82:Hamada's equation
74:private companies
16:(Redirected from
1208:
1178:
1177:
1168:
1167:
1070:Fairness opinion
1065:Enterprise value
1048:Weighted average
976:Leveraged buyout
831:Drag-along right
729:Equity carve-out
686:Equity offerings
682:
678:
650:Shareholder loan
635:Second lien debt
630:Preferred equity
610:Convertible debt
583:
576:
569:
560:
554:
553:
525:
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512:Electronics News
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418:
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191:, among others.
78:beta coefficient
56:Pure play method
50:brick and mortar
21:
1216:
1215:
1211:
1210:
1209:
1207:
1206:
1205:
1191:
1190:
1189:
1184:
1156:
1132:Stock valuation
1127:Residual income
1043:Cost of capital
1000:
996:Project finance
986:High-yield debt
942:
921:Tag-along right
846:Mandatory offer
816:Control premium
797:
790:
766:Public offering
714:Bought out deal
676:
675:
669:
596:
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557:
527:
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519:
509:
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497:
482:
481:
477:
464:(5): 997–1009.
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254:Further reading
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221:
165:GlobalFoundries
157:
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135:
122:
119:× (1 − Tax Rate
118:
109:
106:× (1 − Tax Rate
105:
58:
28:
27:Type of company
23:
22:
15:
12:
11:
5:
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1186:
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1149:
1147:Terminal value
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1139:
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1129:
1124:
1119:
1114:
1109:
1104:
1099:
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1089:
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1080:Free cash flow
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991:Private equity
988:
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620:Mezzanine debt
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597:
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586:
585:
578:
571:
563:
556:
555:
517:
502:
495:
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448:
435:10.2307/253253
429:(3): 442–452.
413:
406:
387:
385:
382:
381:
380:
368:10.2307/253253
362:(3): 442–452.
351:
335:
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156:
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70:equity capital
57:
54:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
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1202:
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1118:
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1016:
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987:
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699:Book building
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680:
672:
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653:
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531:
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496:9780262516822
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409:
407:9780199664931
403:
399:
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365:
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357:
352:
348:
341:
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333:(5): 546–549.
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291:
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67:
63:
55:
53:
51:
47:
42:
40:
35:
33:
19:
1122:Real options
938:Tender offer
798:acquisitions
786:Underwriting
771:Rights issue
674:Transactions
533:
529:
511:
505:
485:
478:
461:
457:
451:
426:
422:
416:
397:
391:
359:
355:
346:
330:
326:
295:
261:
233:
222:
158:
138:
131:
86:
59:
48:and have no
43:
36:
31:
29:
896:Squeeze-out
866:Proxy fight
796:Mergers and
709:Bought deal
640:Senior debt
229:e-retailers
93:stock index
1142:Tax shield
1102:Mismarking
906:Stock swap
856:Pitch book
826:Divestment
704:Bookrunner
625:Pari passu
536:(5): 580.
384:References
175:, such as
171:(ICs) for
89:regressing
46:e-commerce
1117:Pure play
1010:Valuation
876:Sell side
739:Greenshoe
100:Unlevered
32:pure play
18:Pure-play
1195:Category
948:Leverage
926:Takeover
821:Demerger
806:Buy side
280:31012404
242:See also
236:start-up
181:Broadcom
177:Qualcomm
144:are the
931:Reverse
916:Synergy
756:Pre-IPO
744:Reverse
665:Warrant
550:2925596
301:623–624
213:Samsung
62:finance
548:
493:
443:253253
441:
404:
376:253253
374:
307:
278:
268:
225:retail
189:Nvidia
185:Xilinx
130:where
655:Stock
546:S2CID
439:JSTOR
372:JSTOR
343:(PDF)
323:(PDF)
197:Intel
592:and
491:ISBN
402:ISBN
305:ISBN
276:OCLC
266:ISBN
211:and
163:and
161:TSMC
137:and
66:cost
538:doi
466:doi
431:doi
364:doi
205:NEC
201:IBM
72:of
68:of
60:In
1197::
544:.
534:30
532:.
520:^
462:36
460:.
437:.
427:55
425:.
370:.
360:55
358:.
345:.
331:31
329:.
325:.
303:.
293:.
274:.
207:,
203:,
199:,
187:,
183:,
179:,
139:DE
132:DE
123:))
110:))
84:.
30:A
582:e
575:t
568:v
552:.
540::
499:.
472:.
468::
445:.
433::
410:.
378:.
366::
313:.
282:.
141:B
134:A
121:A
117:A
108:B
104:B
20:)
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