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Die Bewertung von Joint Ventures mit der Free Cash Flow-Methode unter besonderer Berücksichtigung kooperationsinterner Leistungsbeziehungen
Albers, Christian; Lamprecht, Dirk - 2007
Unternehmensbewertung für Kooperationen zu kurz greifen. Sie ermöglichen keine Entscheidungshilfen und müssen modifiziert werden, um im … wichtiger Schritt hin zur Modifikation von Instrumenten der Unternehmensbewertung gesehen werden, die so auch für …
Persistent link: https://www.econbiz.de/10010331268
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Die Fehlbewertung durch das Stuttgarter Verfahren: eine Sensitivitätsanalyse der Werttreiber von Steuer- und Marktwerten
Müller, Jens - 2007
This paper focuses on firm valuation for tax purposes of non-listed company shares and its sensitivity towards different market conditions. Since the value of a private company cannot be observed on the stock market the value has to be estimated. Due to uncertainty, expected future profits may...
Persistent link: https://www.econbiz.de/10010298469
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Is Cash (the only) King? – Eine kritische Analyse der Aussagekraft von Kapitalflussrechnungen nach IAS 7
Pütter, Jonas - In: Junior Management Science (JUMS) 8 (2023) 1, pp. 219-236
Kapitalflussrechnung für den externen Adressaten des Jahresabschlusses hervorzuheben. Cashflow-Größen wird insbesondere eine geringe … Arbeit wird die tatsächliche Aussagekraft von Cashflow-Größen der Kapitalflussrechnung nach IAS 7 eingeordnet. Dazu wird zum … einen die Beeinflussbarkeit der Kapitalflussrechnung durch bilanzpolitische Maßnahmen untersucht. Zum anderen wird Literatur …
Persistent link: https://www.econbiz.de/10014528977
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International capital flows: Private versus public flows in developing and developed countries
Kim, Yun Jung; Zhang, Jing - 2020
Empirically, net capital inflows are pro-cyclical in developed countries and countercyclical in developing countries. That said, private inflows are pro-cyclical and public inflows are counter-cyclical in both groups of countries. The dominance of private (public) inflows in developed...
Persistent link: https://www.econbiz.de/10012653025
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Financing Patterns: Measurement Concepts and Empirical Results
Hackethal, A.; Schmidt, Reinhard H. - 2004
A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academic thinking about financing patterns of corporations in different countries. Using flow-of-funds data instead of balance sheet data, Mayer and others who followed his lead found that internal financing is the...
Persistent link: https://www.econbiz.de/10010316244
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Financing patterns: Measurement concepts and empirical results
Hackethal, Andreas; Schmidt, Reinhard H. - 2000
A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academic thinking about financing patterns of corporations in different countries. Using flow-of-funds data instead of balance sheet data, Mayer and others who followed his lead found that internal financing is the...
Persistent link: https://www.econbiz.de/10010316298
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Corporate investment, cash flow level and market imperfections: The case of Norway
Mundaca, B. Gabriela; Nordal, Kjell Bjørn - 2007
We analyze firms’ investment behavior, differentiating firms according to the cash flow levels they experience during their lifecycles. We consequently consider the firm as the basic unit and not firm-year observations. Firms with persistent positive cash flow show higher investment-cash flow...
Persistent link: https://www.econbiz.de/10010284329
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Compliance with IAS7 by issuers of listed securities in the Czech Republic
Brabcová, Lucie - In: European Financial and Accounting Journal 13 (2019) 3, pp. 73-89
As the cash flow statement presents important information about the company's operations, its quality and the related disclosure are essential to the financial statements' users. This paper analyses the range and quality of cash flow statements along with the accompanying notes, presented by a...
Persistent link: https://www.econbiz.de/10012623007
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Causes of country-specific effect related to the value relevance of cash flows and earnings: evidence from France, Germany, Italy and Spain
Sánchez, Mariano González; Jiménez, Eva M. Ibáñez; … - In: Cogent Business & Management 9 (2022) 1, pp. 1-16
Previous studies show that, in common-law countries, the explanatory power of stock returns is higher using cash flows than earnings and accruals, while the opposite is true in code-law countries. Moreover, the literature has shown the existence of a country-specific effect motivated by...
Persistent link: https://www.econbiz.de/10014505791
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El estado de flujos de tesorería según las etapas del ciclo de vida de la empresa: Una aproximación empírica
Sánchez Alegría, S.; Lizarraga Dallo, F.; Glaría … - In: Investigaciones Europeas de Dirección y Economía de … 14 (2008) 2, pp. 211-227
The main purpose of this paper is to look for descriptive patterns in the Cash Flow Statement as a function of life cycle stages. Considering the 4 traditional stages (introduction, growth, maturity and decline), we test hypotheses related with signs, correlations and the weight of each of the...
Persistent link: https://www.econbiz.de/10010280445