search query: @indexterm harmonization / total: 97
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| Author: | Kaden, J. Wagner, W. Weber, T. |
| Title: | Kritische Überlegungen zur Discounted Cash Flow-Methode |
| Journal: | Zeitschrift für Betriebswirtschaft
1997 : VOL. 67:4, p. 499-508 |
| Index terms: | DISCOUNTED CASH FLOW HARMONIZATION VALUATION PLANNING COMPANIES GERMANY |
| Language: | ger |
| Abstract: | The harmonization of capitalized earnings- and discounted cash flow-method is necessary for their parallel use in Germany. Previous publications assumed a target capital structure, so the realistic change of the capital structure in future periods was not considered. As shown in the above example an integrated planning- and valuation-tool enables to reach the same results for both valuation approaches, in a situation of changing capital structures, integrated determination of the wacc and with regard to all financial flows in the gross method. |
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