haku: @author Hering, T. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Hering, T. Olbrich, M. |
| Otsikko: | Bewertungsproblem beim Börsengang jünger Unternehmen |
| Lehti: | Zeitschrift für Betriebswirtschaft
2002 : VOL. 72:ERGAN/5, p. 147-162 |
| Asiasana: | NEW ENTERPRISE PROBLEM FORMULATION VALUATION INITIAL PUBLIC OFFERINGS NEGOTIATION |
| Kieli: | ger |
| Tiivistelmä: | The article shows that the problem of valuation concerning the initial public offering (IPO) of a "start-up" enterprise must be systematized and solved according to the functional theory of valuation of the firm. In this context it is brought out that the price limits of share seller and buyers must be determined by the "allgemeines Zustands-Grenzpreismodell" (ZGPM). Based on these findings the share price as an arbitration value results from negotiations between seller, investors, and bank. While engaged in negotiations with each other every party creates argumentation values that should help to lead to the share price it prefers. The paper provides a substantial list of references on this subject (original in German). |
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