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Simulation-based business valuation : methodical implementation in the valuation practice

Ernst, Dietmar - In: Journal of risk and financial management : JRFM 15 (2022) 5, pp. 1-17

The simulation-based company valuation values a company on the basis of the risks actually present in the company without having to derive them from the capital market data. The simulation-based company valuation takes into account the market imperfections, such as the probability of insolvency...

Persistent link: https://www.econbiz.de/10013273413

Valuation of company merger from the shareholders' point of view

Toll, Christian; Hering, Thomas - In: Amfiteatru economic : an economic and business research … 19 (2017) 46, pp. 836-853

” obtained as a ratio of utilities. Instead, it is essential to consider the private decision field of a shareholder to allow a …

Persistent link: https://www.econbiz.de/10011791176

Company Valuation as Result of Risk Analysis : Replication Approach as an Alternative to the CAPM

Gleißner, Werner - 2019

Market imperfections call into question the suitability of the CAPM for deriving the cost of capital. The valuation by incomplete replication introduces a valuation concept that takes capital market imperfections into account and derives the risk-adjusted cost of capital (or risk discounts) on...

Persistent link: https://www.econbiz.de/10012862334

Risk measures in simulation-based business valuation : classification of risk measures in risk axiom systems and application in valuation practice

Ernst, Dietmar - In: Risks : open access journal 11 (2023) 1, pp. 1-14

Persistent link: https://www.econbiz.de/10014232597

Paradigm shift in finance : the transformation of the theory from perfect to imperfect capital markets using the example of company valuation

Ernst, Dietmar; Gleißner, Werner - In: Journal of risk and financial management : JRFM 15 (2022) 9, pp. 1-13

and theories that can explain imperfections in capital markets and provide decision support for managers. The aim of this …

Persistent link: https://www.econbiz.de/10013399745

Paradigm Shift in Finance : The Transformation of the Theory from Perfect to Imperfect Capital Markets Using the Example of Company Valuation

Ernst, Dietmar; Gleißner, Werner - 2023

and theories that can explain imperfections in capital markets and provide decision support for managers. The aim of this …

Persistent link: https://www.econbiz.de/10014362363