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Spin-offs: Eine eklektische Erklärung von Unternehmensteilungen

Spin-offs: Eine eklektische Erklärung von Unternehmensteilungen

          
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About the Book

Inhaltsangabe: Einleitung: Spin-offs und ähnliche Umstrukturierungsformen haben seit den 80er Jahren beständig an Bedeutung gewonnen. Spin-offs sind von großer Relevanz für Theorie und Wirtschaftspraxis, da sie die Effizienz von Unternehmungen erhöhen können. Ein möglicher Grund hierfür ist die Eliminierung der Kosten von strategischem Misfit und Bürokratie. In empirischen Studien wurde bestätigt, dass Spin-offs außerdem eine Steigerung des Shareholder Value bewirken. Das kann daran liegen, dass insbesondere unverbunden diversifizierte Unternehmungen vor ihrer Teilung durch den Markt unterbewertet waren und diese Unterbewertung nach der Teilung korrigiert wurde. Bei einem Spin-off wird die Unternehmung in zwei Teile gespalten, deren Anteile unabhängig voneinander am Markt gehandelt werden. Die Eigentümer der ursprünglichen Unternehmung bleiben die Eigentümer der beiden getrennten Unternehmungen, indem die Anteile des abgespaltenen Unternehmungsteils verhältniswahrend an die Altaktionäre verteilt werden. Die Kontrolle über die Unternehmungen wird durch den Spin-off geteilt, so dass der abgespaltene Unternehmungsteil über ein eigenes Entscheidungszentrum verfügt und Strategien entwickelt, die sich von denen der Mutterunternehmung unterscheiden können. Es wird also eine unabhängige Unternehmung gebildet, und das Vermögen der ursprünglichen Unternehmung wird dementsprechend aufgeteilt. Ziel dieser Arbeit ist es, die Hintergründe für die Entscheidung und Durchführung von Spin-offs herauszuarbeiten. Dabei finden die Faktoren Beachtung, die Desintegrationsprozesse im allgemeinen und Spin-offs im besonderen vorantreiben und somit die Determinanten für die Grenzen der Unternehmung darstellen. Es soll veranschaulicht werden, dass bei der Durchführung von Spin-offs Effizienzvorteile erzielt werden können, die sowohl aus der Perspektive der Mutterunternehmung als auch des abzuspaltenden Unternehmungsteils für eine Ausgliederung sprechen. Außerdem wird auf die mit Spin-offs ve


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Product Details
  • ISBN-13: 9783838643298
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 6 mm
  • Weight: 131 gr
  • ISBN-10: 3838643291
  • Publisher Date: 22 Jul 2001
  • Height: 210 mm
  • No of Pages: 94
  • Series Title: German
  • Sub Title: Eine eklektische Erklärung von Unternehmensteilungen
  • Width: 148 mm


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