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Discounted Cashflow Und Jahresabschlußanalyse

Discounted Cashflow Und Jahresabschlußanalyse


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About the Book

Das Discounted Cashflow-Konzept (DCF-Konzept) ist mittlerweile aus der modernen Unternehmensbewertung nicht mehr wegzudenken. Will man Unternehmen mit einem DCF-Verfahren bewerten, benötigt man geeignete Informationen über erwartete Cashflows sowie zweckmäßige Kapitalkosten, mit denen diese Cashflows abgezinst werden. In der Praxis ist es üblich, zukünftige Zahlungsströme inklusive der Steuerzahlungen unter Zuhilfenahme von Plan-Bilanzen und Plan-GuV zu schätzen. Während dies im wesentlichen aus praktischen Erwägungen heraus geschieht, läßt die Theorie der Unternehmensbewertung offen, auf welche Weise der Bewerter die erforderlichen Informationen über künftige Cashflows gewinnt. In der Arbeit wird gezeigt, daß die Beschäftigung mit dem Jahresabschluß zu einer Vielzahl von interessanten Erkenntnissen rund um die Anwendung des DCF-Verfahrens führt. Dazu zählen einfach anwendbare Prognosemodelle für Cashflows genauso wie die Abbildung und Berücksichtigung bestimmter Finanzierungspolitiken, deren Anwendung vor dem Hintergrund bestehender empirischer Resultate plausibel erscheint.
About the Author: Der Autor: Andreas Scholze wurde 1973 in Quedlinburg geboren. Von 1996 bis 2001 studierte er Betriebswirtschaftslehre an der Universität Magdeburg und von 1999 bis 2000 Volkswirtschaftslehre an der Indiana University Bloomington (USA). Seit 2002 war der Autor als Wissenschaftlicher Mitarbeiter am Lehrstuhl für Externes Rechnungswesen der Universität Bielefeld tätig. Die Promotion erfolgte 2008.


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Product Details
  • ISBN-13: 9783631579992
  • Publisher: Peter Lang Gmbh, Internationaler Verlag Der W
  • Binding: Paperback
  • Height: 210 mm
  • No of Pages: 214
  • Series Title: Betriebswirtschaftliche Studien
  • Sub Title: Zur Beruecksichtigung Externer Rechnungslegungsinformationen in Der Unternehmensbewertung
  • Width: 148 mm
  • ISBN-10: 3631579993
  • Publisher Date: 19 Jan 2009
  • Edition: New edition
  • Language: German
  • Returnable: N
  • Spine Width: 0 mm
  • Weight: 349 gr


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