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Vergleich marktwertorientierter, quantitativer Methoden zur Bewertung und Steuerung von Konglomeraten

Vergleich marktwertorientierter, quantitativer Methoden zur Bewertung und Steuerung von Konglomeraten

          
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About the Book

Inhaltsangabe: Zusammenfassung: Ziel der Arbeit ist es, eine umfassende Darstellung und einen Vergleich des wertorientierten Management- und Bewertungsinstrumente und der zugrundeliegenden Modelle der Kapitalkostenermittlung, insbesondere in bezug auf breit diversifizierte Konglomerate die in verschiedenen Branchenumfeldern tätig sind, vorzunehmen. Anhand von Sensitivitätsanalysen wird dann beispielhaft aufgezeigt, wie modellbezogene Wertgeneratoren empfindlich auf Veränderungen reagieren, um so Anpassungsvorschläge für die jeweiligen Methoden treffen und Methoden für bestimmte Unternehmensumfelder empfehlen zu können (Kapitel 3 und 4). Eine kurze Ausführung über die Entstehung, Charakterisierung und Effizienz von Konglomeraten (Kapitel 2) erfolgen zu Beginn der Arbeit. Auf die Probleme der Implementierung der Methoden in die deutsche Rechnungslegungspraxis wird in Kapitel 5 eingegangen. Im Rahmen dieser Arbeit werden vorwiegend US-amerikanische Jahresabschlusskennahlen und Bilanzpositionen verwendet, da zum einen dort das Value Based Management ihren Ursprung hat und am weitesten entwickelt ist, zum anderen weil die USA aufgrund der Größe des amerikanischen Kapitalmarktes in den Bereichen Rechnungslegung und Finanzierung ihre Standards auch auf internationaler Ebene durchsetzen konnten. Zudem stehen in einem Land mit einem hoch entwickelten Aktienmarkt wie den USA wesentlich umfangreichere Informationen über Kaufpreise und Börsenwerte vergleichbarer Unternehmen zur Verfügung. Unternehmensbewertungen können deshalb dort eher als in Deutschland kapitalmarktorientiert durchgeführt werden. Inhaltsverzeichnis: Inhaltsverzeichnis: DarstellungsverzeichnisIV AbkürzungsverzeichnisVI SymbolverzeichnisXI 1.Problemstellung und Ziel der Untersuchung1 1.1Aktueller Anlaß der Untersuchung1 1.2Ziel der Arbeit3 2.Entstehung und Charakterisierung von Konglomeraten8 2.1Begriff und Formen der konglomeraten Diversifikation8 2.2Erklärungsansätze für die Existenz von Konglo


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Product Details
  • ISBN-13: 9783838622040
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 12 mm
  • Width: 148 mm
  • ISBN-10: 3838622049
  • Publisher Date: 06 Mar 2000
  • Height: 210 mm
  • No of Pages: 216
  • Series Title: German
  • Weight: 290 gr


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