By means of a company merger formerly legally and economically independent companies are tied up to an economic entity. To order the financial state of affairs after the merger, the current shareholders must revalue their stake in the merged company. The interest is focused on the valuation of...

By means of a company merger formerly legally and economically independent companies are tied up to an economic entity. To order the financial state of affairs after the merger, the current shareholders must revalue their stake in the merged company. The interest is focused on the valuation of...

In the present contribution, the innovative nonlinear state marginal price vector model introduced in Toll and Kintzel (CEJOR 27(4):1079–1105, 2019) (plus Errata herein) is enriched to include budgeting problems under agency conflicts. Under asymmetric information, a company owner as principal...

Zusammenfassung Dieser Beitrag zielt darauf ab aufzuzeigen, wie sich in der Bewertungspraxis mitunter vorzufindende Ermessensentscheidungen hinsichtlich der Bestimmung des Kapitalisierungszinssatzes auf das Ergebnis einer Unternehmensbewertung auswirken. Als Anwendungsfall bietet sich der...