search query: @author Coenenberg, A. G. / total: 11
reference: 1 / 11
« previous | next »
| Author: | Coenenberg, A. G. Schultze, W. |
| Title: | Unternehmensbewertung: Konzeptionen und Perspektiven |
| Journal: | Betriebswirtschaft
2002 : NOV-DEC, VOL. 62:6, p. 597-621 |
| Index terms: | COMPANIES COMPANY VALUE VALUATION MODELS |
| Language: | ger |
| Abstract: | The major principle in the valuation of companies is subjectivity. Value is always dependant upon the circumstances and perspective of the party the valuation is performed for. In practice different concepts of valuation are utilized for different purposes of valuation. E. g. valuations based on multiples are used in a capital- market context, Residual Income-Models are used for purposes of internal control and Discounted Cash Flow- Models are used for Mergers and Acquisitions (MEtA). This paper investigates the question whether this plurality of methods is necessary for the different purposes of valuation, or if one single method would be more beneficial. It is shown that the Residual Income-Model has distinctive advantages over the other methods and can be used for purposes of MEtA. |
« previous | next »
SCIMA