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Einfluss des Leitzinses der Europäischen Zentralbank auf die Determinanten der Unternehmenswertermittlung

Einfluss des Leitzinses der Europäischen Zentralbank auf die Determinanten der Unternehmenswertermittlung

          
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About the Book

Masterarbeit aus dem Jahr 2020 im Fachbereich BWL - Investition und Finanzierung, Note: 1,5, FOM Hochschule für Oekonomie & Management gemeinnützige GmbH, Frankfurt früher Fachhochschule, Sprache: Deutsch, Abstract: Ziel dieser Thesis ist es, auf Basis wissenschaftlicher Grundlagen und empirischer Methoden den Einfluss des Leitzinses der Europäischen Zentralbank auf die Determinanten der Unternehmenswertermittlung darzustellen und diesen mithilfe einer anschließenden Analyse anhand des Unternehmenswerts der SAP SE, Walldorf, zu quantifizieren. Die Forschungsfrage lautet: Welchen Einfluss hat der Leitzins der Europäischen Zentralbank auf die Determinanten der Unternehmenswertermittlung? Meldungen der Europäischen Zentralbank sorgen regelmäßig für eine große Zahl von Schlagzeilen. Schlagzeilen wie "Erwartete EZB-Geldschwemme hebt DAX auf Rekordhoch", "Analysten erwarten DAX vor geldpolitischer EZB-Entscheidung höher" und "EZB senkt Leitzins erstmals auf null Prozent" zeigen, dass die geldpolitischen Entscheidungen der Europäischen Zentralbank offensichtlich stark von öffentlichem Interesse sind. Dies könnte unter anderem daran liegen, dass die Volkswirtschaft durch geldpolitische Entscheidungen, wie zum Beispiel die Anpassung des Leitzinses, starken finanziellen Veränderungen unterschiedlicher Natur ausgesetzt ist. Der Leitzins der Europäischen Zentralbank dient als geldpolitisches Instrument und wird unter anderem abhängig von der konjunkturellen Lage entsprechend gesenkt oder angehoben. Auf den ersten Blick hat die Zinspolitik direkte Auswirkungen auf die Höhe des Marktzinssatzes, jedoch kann diese auch viele weitere Folgen haben. So kann der Leitzins zum Beispiel auch Einfluss auf die Ermittlung des Unternehmenswerts haben. Grundsätzlich liegen der Unternehmenswertermittlung - je nach Bewertungsmethode- verschiedene Determinanten zugrunde. Der Einfluss des Leitzinses der Europäischen Zentralbank auf diese Determinanten und weitere Fragen sollen im Laufe dieser Th


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Product Details
  • ISBN-13: 9783346360243
  • Publisher: Grin Verlag
  • Publisher Imprint: Grin Verlag
  • Height: 210 mm
  • No of Pages: 100
  • Spine Width: 6 mm
  • Width: 148 mm
  • ISBN-10: 3346360245
  • Publisher Date: 08 Feb 2021
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Weight: 140 gr


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