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,xz 2,qna _aa oIaq

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qqwsI Iz 2qaIsJx InI 2qIm 2q,asII _,xwy maI
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: / :
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P = B x (1+c / 1+R)
n
/ ((1+c / 1+R ) 1)
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n
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t=1
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t
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3 Good will :
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.

= + Good will Good will
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:
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+ .(

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= A + B/K = B - KA
2 2K

.

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Good will
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Fp = VS +
t=1
Rt Ivs
(1 + i`)
t

:
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VS :
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qqwsI Iz 2qaIsJx InI 2qIm 2q,asII _,xwy maI
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12
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2,sIaI

.



.

:
- BELLAAJ Abdessabor, lapport des modles de flux a lvaluation de lentreprise, cas des Socits
cotes a la BVMT, DEA, Tunis, 92 93.
- ELIE Cohen, Dictionnaire de gestion, Alger, Casbah ditions, 1998.
- ERIC Stephany, Gestion financire, Paris, Economica, 2000.
- GERARD Charreaux, Finance, Editions EMS, 2eme edition 1997.
- JACK Teulie PATRICK Topsacalian, Finance, Vuibert, 2eme edition, 1997.
- JEAN Barreau JAQUELINE Delahaye, Gestion financire, Epreuve n 04, DECF Manuel
dapplications, Paris, Dunod, 8eme dition, 1999.
- JEAN MARC Suret, lvaluation des entreprises : Thorie et pratique, Fvrier 1999 : Internet.
- MOHAMED Bouhadida, Dictionnaire des finances des affaires et de management, Alger, Casbah
ditions, 2000.
- NORBERT Guedj, Finance dentreprise : Les rgles du jeu, Paris, Editions dorganisation, 2eme
dition, 2000.






:
1
GERARD CHARREAUX FINANCE DENTREPRISE -Editions EMS-1997-P134
.

PER .

will Bad.