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Was wird unter dem Shareholder Value verstanden und wie wird er gemessen?

Was wird unter dem Shareholder Value verstanden und wie wird er gemessen?

          
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About the Book

Studienarbeit aus dem Jahr 2001 im Fachbereich BWL - Controlling, Note: 2,0, Rheinisch-Westfälische Technische Hochschule Aachen (Industrielles Controlling), Sprache: Deutsch, Abstract: 1. Einführung und Gang der Untersuchung Die vorliegende Arbeit behandelt die Fragestellung "was wird (üblicherweise) unter dem Shareholder - Value (SV) verstanden, und wie wird er gemessen ?" Im Verlauf der Untersuchung soll zunächst aufgezeigt werden was unter dem SV verstanden wird, und warum er immer mehr an Bedeutung gewinnt. Dazu werden beispielhaft einige Anwendungsfelder des SV dargestellt. Um die Bedeutung des SV in einem Unternehmen aufzuzeigen, wird auf die Problematik eingegangen, dass das Management und die Anteilseigner unterschiedliche Interessen verfolgen können. Dieser Problematik kann durch eine konsequente Ausrichtung der Unternehmenspolitik am SV entgegengewirkt werden. Im nächsten Abschnitt werden bisherige Ansätze zur Unternehmensbewertung dargestellt. Hierzu werden die klassischen gewinnorientierten Steuerungsgrößen, wie z.B. der Gewinn, die Rentabilität des investierten Kapitals ( ROI ), der Gewinn pro Aktie (EPS ), sowie die Eigenkapitalrentabilität, aus Bilanz und GuV kurz vorgestellt. Danach soll deutlich gemacht werden, dass die vorgestellten klassischen Steuerungsgrößen einige Unzulänglichkeiten aufweisen, um den Wert des Unternehmens darzustellen. Man kann erkennen, dass mit einer Erhöhung der klassischen Steuerungsgrößen nicht unbedingt eine Erhöhung des Unternehmenswertes einhergeht. Dieser Aspekt soll die Wichtigkeit der Verwendung des SV zur Unternehmensbewertung unterstreichen. Im letzten Teil meiner Arbeit sollen repräsentativ einige Berechnungsmethoden des SV dargestellt werden. Hierzu werden die Zusammensetzung, die Berechnung der verwendeten Erfolgsgrößen, sowie die unterschiedlichen Prognosen der zukünftigen Erfolge des zu bewertenden Unternehmens in den verschiedenen Ansätzen nach Rappaport, Copeland, Stern und Stewart, sowie Lewis untersucht


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Product Details
  • ISBN-13: 9783638937313
  • Publisher: Grin Verlag
  • Publisher Imprint: Grin Verlag
  • Height: 210 mm
  • No of Pages: 64
  • Series Title: German
  • Weight: 95 gr
  • ISBN-10: 3638937313
  • Publisher Date: 05 May 2008
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 4 mm
  • Width: 148 mm


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