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Klassische und moderne Methoden der Aktienbewertung: Fundamentalanalyse in Theorie und Praxis

Klassische und moderne Methoden der Aktienbewertung: Fundamentalanalyse in Theorie und Praxis

          
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About the Book

Inhaltsangabe: Einleitung: Im Verlauf des Jahres 1999 begann an den internationalen Aktienmärkten eine Aufschwungphase, die in der Geschichte der Wertpapiermärkte mit dem Boom der Industrialisierung vergleichbar war. Vorangetrieben durch die Globalisierung der Märkte und den ständig wachsenden Wettbewerb gewann der Kapitalmarkt für viele Unternehmen immer mehr an Bedeutung. Insbesondere junge, dynamische Unternehmen der sogenannten „New Economy" versuchen seit dem, mit dem Gang an die Börse ihre Geschäftsideen durchzusetzen. Bereits bei der Börseneinführung ist es wichtig, den richtigen, wahren bzw. fairen Wert eines Unternehmens zu ermitteln, um die Investoren auch langfristig an das Unternehmen zu binden. Die Unternehmenswertermittlung vollzieht sich dabei anhand verschiedener klassischer und moderner Verfahren. Die Vielfalt und Komplexität dieser Methoden führt u.a. dazu, dass der Ruf nach erhöhter Transparenz und verbessertem Anlegerschutz lauter wurde. Inzwischen hat die Deutsche Vereinigung für Finanzanalyse und Anlageberatung (DVSA/SG ) den Standard für Researchberichte am Neuen Markt veröffentlicht. Die Diskussion um das „richtige" Verfahren in der Aktienbewertung wird jedoch in jüngster Zeit weiter geführt. Die vorgelegte Arbeit soll dabei Aufklärungsarbeit leisten und zu weiterem Meinungsaustausch anregen. Gang der Untersuchung: Ziel dieser Arbeit ist es, die gebräuchlichsten Methoden der klassischen und modernen Aktienbewertung darzustellen und auf ihre Stärken und Schwächen zu untersuchen. Im Mittelpunkt stehen dabei das Ertragswert-, das Cash-Flow- und das Multiplikator-Verfahren. Des weiteren soll sie einen Einblick in die Praxis der fundamentalen Aktienbewertung vermitteln. Die vorliegende Arbeit gliedert sich in fünf Abschnitte. In dem folgenden, zweiten Abschnitt werden die Grundlagen der fundamentalen Aktienanalyse dargestellt. Von zentraler Bedeutung sind hierbei die Analyse des Unternehmens sowie seiner Ertragskraft. Der dritte Abschnitt widmet


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Product Details
  • ISBN-13: 9783838644516
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 6 mm
  • Weight: 136 gr
  • ISBN-10: 3838644514
  • Publisher Date: 28 Aug 2001
  • Height: 210 mm
  • No of Pages: 96
  • Series Title: German
  • Sub Title: Fundamentalanalyse in Theorie und Praxis
  • Width: 148 mm


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