search query: @indexterm EASTERN EUROPE / total: 308
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| Author: | Koth, A. |
| Title: | Unternehmensbewertung und die Ableitung des Kalkulationszinsfusses bei ineffizienten Kapitalmärkten. |
| Journal: | Journal für Betriebswirtschaft
1998 : VOL. 48:4, p. 197-208 |
| Index terms: | COMPANY VALUE VALUATION INVESTMENT APPRAISAL CAPITAL MARKETS EASTERN EUROPE |
| Language: | ger |
| Abstract: | Developing Capitalization Rates for Company Valuations in Economies with Inefficient Capital Markets. The economic opening up of the formerly socialist economies as well as increased investments in emerging markets have led to an increase in business valuations in countries with inefficient or non-existing capital markets. As correct business valuation requires the existence of an efficient capital market, the danger of wrong appraisals of investments has considerably increased. The present paper examines the impact of inefficient capital markets on business valuations and discusses approaches to company valuation which help to reduce the risk of a wrong appraisal in the case of inefficient capital markets. |
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