Geschäftskunden Kundenprogramme
Vor Ort
Merkzettel Warenkorb
Produktbild: Business Valuation

Business Valuation Functions, Methods, Principles

Fr. 59.90

inkl. gesetzl. MwSt., Versandkostenfrei

Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

19.04.2021

Abbildungen

150 SW-Abb.

Verlag

Utb GmbH

Seitenzahl

398

Maße (L/B/H)

3/17.3/24.5 cm

Gewicht

860 g

Auflage

1

Sprache

Englisch

ISBN

978-3-8252-5520-6

Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

19.04.2021

Abbildungen

150 SW-Abb.

Verlag

Utb GmbH

Seitenzahl

398

Maße (L/B/H)

3/17.3/24.5 cm

Gewicht

860 g

Auflage

1

Sprache

Englisch

ISBN

978-3-8252-5520-6

Herstelleradresse

UVK Verlag - Ein Unternehmen der Narr Francke Attempto Verlag GmbH + Co. KG
Dischingerweg 5
72070 Tübingen
DE
info@narr.de

Noch keine Bewertungen vorhanden

Verfassen Sie die erste Bewertung zu diesem Artikel

Helfen Sie anderen Kundinnen und Kunden durch Ihre Meinung.

Kundinnen und Kunden meinen

Bewertungen (0)
  • Produktbild: Business Valuation
  • Preface VContent Overview VIIList of Figures XVList of Symbols XXI1 Fundamentals of Business Valuation 11.1 Basic Terminology 31.2 Concepts of Business Valuation 111.2.1 Functional Business Valuation Theory via the German School 111.2.2 Neoclassical Business Valuation Theory via the Anglo-Saxon School 161.3 Occasions of Business Valuation 371.3.1 Requirement to Systematize Occasions of Business Valuation 371.3.2 Systematization of Occasions of Business Valuation According to the Main Functions 391.3.2.1 Conflict Situations of the Acquisition/Sale Type and of the Merger/Demerger Type 391.3.2.2 Non-dominated and Dominated Conflict Situations 411.3.2.3 Disjoint and Joint Conflict Situations 411.3.2.4 One-Dimensional and Multi-Dimensional Conflict Situations 421.4 Matrix of Functional Business Valuation and Overview of Methods of Business Valuation 461.4.1 Matrix of Functional Business Valuation 461.4.2 Overview of Methods of Business Valuation 481.5 Selected Control Questions 522 Decision Function and Decision Value 532.1 Basics 552.2 Determination of Multi-Dimensional Decision Values 602.2.1 Utility Values as Basics for Decision Value Determination 602.2.1.1 The Term “Utility Value” 602.2.1.2 Target Plan and Decision Field as Parameters of theUtility Value 602.2.2 A General Model for the Determination of a Multi-Dimensional Decision Value 652.2.2.1 Determination of Decision Values as a Two-Step Calculation 652.2.2.2 Determination of the Base Program 652.2.2.3 Determination of the Valuation Program 662.2.2.4 Multi-Dimensional Decision Value 672.2.2.5 Set of the Acceptable Conflict Resolutions 692.2.2.6 Set of Agreement Resolutions 692.3 Determination of One-Dimensional Decision Values in Non-Dominated, Disjoint Conflict Situations of the Acquisition/Sale Type 702.3.1 Examination steps on the Matrix of Functional Business Valuation 702.3.1.1 Overview 702.3.1.2 The Steps in Detail 712.3.1.2.1 First Step 712.3.1.2.2 Second Step 752.3.1.2.3 Third step 772.3.2 Characterizing the Conflict Situation 792.3.3 Valuation Methods 822.3.3.1 Basic Models of Marginal Price Determination 822.3.3.1.1 Basic Model of Decision Value Determination 822.3.3.1.1.1 Determination of the Base Program 822.3.3.1.1.2 Determination of the Valuation Program 832.3.3.1.1.3 Numerical Example 842.3.3.1.2 Basic Model of the Present Value Calculation 942.3.3.1.2.1 Structural Equality of the Price Limit Calculation and the Present Value Calculation 942.3.3.1.2.2 Extended Interpretation of the Term “Comparison Object” based on the Present Value Calculation 962.3.3.2 The State Marginal Price Model – a General Model 972.3.3.2.1 Basics 972.3.3.2.2 The Model from the Presumptive Buyer’s Perspective 1002.3.3.2.2.1 Presentation 1002.3.3.2.2.2 Numerical Example 1022.3.3.2.3 The Model from the Presumptive Seller’s Perspective 1072.3.3.2.3.1 Presentation 1072.3.3.2.3.2 Numerical Example 1092.3.3.2.4 Consideration of Uncertainty 1142.3.3.2.5 Critical Evaluation 1202.3.3.3 Future Performance Value Method – a Partial Model 1212.3.3.3.1 Presentation 1212.3.3.3.2 Relation between the Total Model and the Partial Model 252.3.3.3.2.1 Derivation of the Future Performance Value Method 1252.3.3.3.2.2 Numerical Example 1342.3.3.3.3 Consideration of Uncertainty 1392.3.3.3.4 Critical Evaluation 1422.3.3.4 Approximate Decomposed Business Valuation – a Heuristic Model 1452.3.3.4.1 Basics 1452.3.3.4.2 Heurististic Planning Method of Approximate Decomposition under Consideration of Uncertainty 1452.3.3.4.3 Combination between Business Valuation and Approximate Decomposition under Uncertainty 1542.3.3.4.4 Critical Evaluation 1572.4 Selected Problems of Decision Value Determination 1592.4.1 Valuation of Small and Medium-Sized Enterprises 1592.4.1.1 Valuation-relevant Idiosyncrasies 1592.4.1.2 State Marginal Price Model in Light of Valuation-Relevant Idiosyncrasies 1602.4.2 Effects on the Decision Value Through Modifications of the Decision Field 1622.4.3 Determination of the Decision Value in Conflict Situations of the Merger Type and Demerger Type 1662.4.3.1 Conflict Situations of the Merger Type 1662.4.3.1.1 Presentation 1662.4.3.1.2 Numerical Example 1722.4.3.2 Conflict Situation of the Demerger Type 1802.4.3.2.1 Presentation 1802.4.3.2.2 Numerical Example 1872.4.4 Joint Conflict Situations 1992.4.4.1 Preliminary Remarks 1992.4.4.2 Exemplary Representation of the Joint Situation of the Acquisition/Acquisition Type 2002.5 Selected Control Questions 2103 Mediation Function and Arbitration Value 2133.1 Basics 2153.2 Value Determination in Non-Dominated Conflict Situations 2183.2.1 Further Investigation Steps within the Matrix of Functional Business Valuation 2183.2.1.1 Overview 2183.2.1.2 The Steps in Detail 2183.2.1.2.1 First Step 2183.2.1.2.2 Second Step 2223.2.1.2.3 Third Step 2243.2.2 Selected Valuation Methods 2253.2.2.1 Preliminary Remarks 2253.2.2.2 Combined Valuation Methods 2293.2.2.2.1 Mean Value Method 2293.2.2.2.2 Goodwill Rent Methods 2313.2.2.3 Overview of typical method-specific characteristics and their arbitration-theoretic interpretation 2413.2.3 Selected Problems at the Determination of the Arbitration Value 2453.2.3.1 Determination of the Arbitration Value at an IPO 2453.2.3.2 Arbitration Value Determination at Auctions of Mergers & Acquisitions 2523.3 Value Determination in Dominated Conflict Situations 2553.4 Selected Control Questions 2574 Argumentation Function and Argumentation Value 2594.1 Basics 2614.2 Value Determination 2704.2.1 Steps of Determination within the Matrix of Functional Business Valuation 2704.2.1.1 Overview 2704.2.1.2 The Steps in Detail 2704.2.1.2.1 First Step 2704.2.1.2.2 Second Step 2714.2.1.2.3 Third Step 2804.2.2 Selected Valuation Methods 2824.2.2.1 Comparison Methods 2824.2.2.1.1 Comparison Methods based on Single Valuation 2824.2.2.1.1.1 Stock-and-Debt Method 2824.2.2.1.1.2 Similar Public Company Approach 2844.2.2.1.1.3 Initial Public Offering Approach 2894.2.2.1.2 Comparison Methods based on Overall Valuation 2894.2.2.1.2.1 Recent Acquisitions Approach 2894.2.2.1.2.2 Market Multiples Approach 2904.2.2.2 Finance-theoretic Methods 2924.2.2.2.1 Capital Market-theoretic Methods (DCF Methods) 2924.2.2.2.1.1 Basics 2924.2.2.2.1.2 Weighted Avarage Cost of Capital Approach 3024.2.2.2.1.3 Adjusted Present Value Approach 3084.2.2.2.1.4 Net Method (Flow to Equity Approach) 3114.2.2.2.1.5 Summary Overview 3134.2.2.2.2 Methods of Strategic Valuation 3194.3 Selected Control Questions 3255 Principles of Business Valuation 3295.1 Principles of Business Valuation as a Norm System 3315.1.1 Characteristics 3315.1.2 Purposes 3335.1.3 Sources 3365.2 Principles of Functional Business Valuation 3385.3 Selected Control Questions 344References 345About the Authors 365Index 367