Frank Ecker examines the performance of U.S. initial public offerings (IPOs) from 1980 to 2002. He links positive and negative abnormal returns to the deviation of the realized information risk from the expected information risk. The author proposes effective measures for a long-term profitable...

This book draws readers’ attention to the financial aspects of daily life at a corporation by combining a robust mathematical setting and the explanation and derivation of the most popular models of the firm. Intended for third-year undergraduate students of business finance, quantitative...

Dominik Kemsa develops a comprehensive framework to objectively assess a firm’s position with respect to Marketing Excellence (MEXC). Drawing on resource-based theory MEXC is conceptualized as a holistic framework of capabilities, which can be the source of sustained competitive advantage and...

This book integrates the models employed in the fundamental analysis of a company with the models used by investors in the capital markets to diversify risks and maximize expected returns. The underlying thesis is that the company creates value only if the return on capital invested exceeds the...

This monograph is devoted to a modern theory of capital cost and capital structure created by this book’s authors, called the Brusov-Filatova-Orekhova (BFO) theory, and its application to the real economy. BFO theory promises to replace the traditional theory of capital cost and capital...

An in-depth examination of the concept of value in a digital world, an analysis of a range of digital business models and a framework for assessing the value of digital businesses. Assessing the value of traditional business was easy. There are hard, well tested metrics and tangible, measurable...

Filling a gap in existing literature on revenue management systems, this book explores the use of business strategies which are specifically designed to have a positive impact on economic and financial efficiency. Focussing on services within the tourism industry, the author takes a new approach...

Dieses Handbuch zeigt auf, wie Unternehmenswachstum nachhaltig gelingen und gestärkt werden kann. Dabei liegt der Fokus auf der ostdeutschen Wirtschaft, da die Region auch 25 Jahre nach der deutschen Einheit in den wesentlichen Kennzahlen 20-30% hinter den westdeutschen Werten liegt, was im...

Junge Unternehmen benötigen im Rahmen ihres Unternehmenswachstums regelmäßig Finanzierungsmittel - insbesondere Eigenkapital. Die für eine Bereitstellung von Eigenkapital erforderliche Ermittlung des Unternehmenswertes ist bei jungen Unternehmen mit Besonderheiten verbunden, da diese zum...