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Going Private: Rückzugsstrategie als neuer Trend

Going Private: Rückzugsstrategie als neuer Trend

          
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About the Book

Inhaltsangabe: Einleitung: Die Arbeit beschäftigt sich mit „Going Private", der Wandlung einer börsengelisteten Aktiengesellschaft in ein nicht mehr an den Börsen gehandeltes privates Unternehmen, also dem Gegenteil eines Going Public. Vor dem Hintergrund des aktuellen „Dranges an die Börse" stellt die Arbeit das Entscheidungsproblem gelisteter Unternehmen dar, zwischen der Fortführung ihrer Börsennotiz und einem Rückzug von der Börse abzuwägen. Hintergrund für diese Kosten-Nutzen Analyse können Kapitalstruktur, steuerliche Situation, Eigentümerstruktur, Unternehmenswert, Wettbewerbssituation oder Nachfolgeregelungen sein. Die Arbeit beleuchtet das im anglo-amerikanischen Raum schon lange bekannte - aber in Deutschland noch wenig praktizierte Phänomen des Börsenrückzugs mit seinen Hintergründen sowie Entscheidungsparametern und stellt Ausprägungsformen des Going Private mit ihren gesellschafts- und steuerrechtlichen Konsequenzen dar. Inhaltsverzeichnis: Inhaltsverzeichnis: AbbildungsverzeichnisIII AbkürzungsverzeichnisIV 1.Vorstellung und Systematisierung der Arbeit1 1.1Going Private als Entscheidungsproblem1 1.2Gang der Untersuchung in Anlehnung an den Ablauf eines Going Private3 1.3Begriffsabgrenzung5 2.Gründe für ein Going Private7 2.1Kostenvermeidung einer Börsennotierung und Funktionslosigkeit des Listing7 2.2Verringerung der Agency-Kosten und Profitabilitätssteigerung9 2.3Präventive Maßnahme gegen feindliche Übernahmen11 2.4Verbesserter Zugriff auf Vermögen und Liquidität12 2.5Verdrängen von Minderheitsaktionären (Squeeze-Out)12 2.6Steuervorteile durch Schuldzinsabzug und erhöhte Abschreibung13 2.7Abgrenzung der Vorteile von Nachteilen eines Going Private14 3.Entscheidungsfelder einer Going Private Transaktion16 3.1Formen von Going Private in Abhängigkeit der Investorengruppe16 3.1.1Maßgeblicher Einfluß des Managements16 3.1.2Maßgeblicher Einfluß anderer Parteien19 3.2Charakteristika eines Going Private Kandidaten20 3.3Finanzierung ein


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Product Details
  • ISBN-13: 9783838625348
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 7 mm
  • Weight: 154 gr
  • ISBN-10: 383862534X
  • Publisher Date: 27 Jul 2000
  • Height: 210 mm
  • No of Pages: 112
  • Series Title: German
  • Sub Title: Rückzugsstrategie als neuer Trend
  • Width: 148 mm


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