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earnings-based valuation disregards the firm's relative lack of success in generating cash flows in excess of investment needs …
Persistent link: https://www.econbiz.de/10005134858
Die Studie zeigt, was unter Stakeholder Value verstanden werden kann, wie Shareholder Value und Stakeholder Value gemessen werden können und welche Verbindung zwischen beiden Konzepten besteht. In dieser Studie wird erstmals die Wertbeitragsanalyse von Stakeholderbeziehungen vorgestellt. Anhand...
Persistent link: https://www.econbiz.de/10005062491
This paper explain, analyze and apply in an example the original paper developed by Kopprasch, Boyce, Koenigsberg, Tatevossian, and Yampol (1987) from The Salomon Brothers Inc. Bond Portfolio Analysis Group. Please, be aware. This paper is for educational issues only. There is a Spanish version...
Persistent link: https://www.econbiz.de/10005413157
We introduce a new solution concept for games in extensive form with perfect information: the valuation equilibrium …. The moves of each player are partitioned into similarity classes. A valuation of the player is a real valued function on … the set of her similarity classes. At each node a player chooses a move that belongs to a class with maximum valuation …
Persistent link: https://www.econbiz.de/10005550956
Valuation studies have considerably increased our knowledge of the value of ecosystems. Their usefulness has often been … undermined, however, by a failure to properly frame them so as to address the specific question of interest. Valuation is not a …. This paper seeks to clarify how valuation should be conducted to answer specific policy questions. In particular, it looks …
Persistent link: https://www.econbiz.de/10005118910
We develop a valuation formula for analyzing high growth firms using the stages of an industry lifecycle. Our model is …
Persistent link: https://www.econbiz.de/10005561704
In the process of valuation of a company usually a number of experts work together in a team. The valuation formulas …
Persistent link: https://www.econbiz.de/10005561732
As the valuation of strategic measures becomes increasingly important, relatively few articles have discussed the … valuation methods pertained for joint ventures. This paper shows that real options contribute to a better valuation of joint … venture projects through superior reflection of the value drivers compared to traditional valuation methodology. Particularly …
Persistent link: https://www.econbiz.de/10005077010
The purpose of this study is to formalize the optimal choice of market entry strategy for an individual multinational enterprise (MNE) from a dynamic perspective. It is argued that incorporating a suitable treatment of irreversibility, uncertainty and flexibility related to a MNEs investment...
Persistent link: https://www.econbiz.de/10005125492
This paper investigates the interplay of investment irreversibility, predatory behavior, and limited liability in a duopoly with aggregate demand uncertainty. We find that limited liability and investment irreversibility is likely to produce predatory behavior in very competitive industries in...
Persistent link: https://www.econbiz.de/10005134505