Valuing German companies using the adjusted present value approach
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| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Regensburg
Univ. Regensburg, Wirtschaftswiss. Fak.
1996
|
| Schriftenreihe: | Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft
282 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
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| 245 | 1 | 0 | |a Valuing German companies using the adjusted present value approach |c Jochen Drukarczyk ; Frank Richter |
| 264 | 1 | |a Regensburg |b Univ. Regensburg, Wirtschaftswiss. Fak. |c 1996 | |
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Datensatz im Suchindex
| _version_ | 1819753674669293568 |
|---|---|
| adam_text | Contents
page
I. INTRODUCTION 1
II. OUTLINE OF APV-APPROACH AND THE GERMAN TAXATION SYSTEM 2
1. APV-approach 2
2. German taxation system 3
a) Corporate taxation 3
b) Taxation of private investors 4
III. THE BASIC MODEL: DOMESTIC AND FULLY DIVERSIFIED INVESTORS 7
1. Value of a purely equity-financed corporation 7
a) Definition of free cash-flow 7
b) Definition of unlevered cost of equity 11
2. Value of financing with debt and pension provisions 13
a) Effect of debt financing 13
b) Effects of financing with pension provisions 14
3. Value effect of dividend policy 16
4. Value of debt and pension provisions 18
5. The cash-flow balance 19
IV. EXTENSIONS AND SIMPLIFICATIONS 21
1. The case of non-diversified investors 21
2. Simplifying assumption: The entity-approach 25
V. SUMMARY 28
REFERENCES 28
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| author | Drukarczyk, Jochen 1938- Richter, Frank 1963- |
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| bvnumber | BV010874827 |
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| discipline | Wirtschaftswissenschaften |
| format | Book |
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| id | DE-604.BV010874827 |
| illustrated | Illustrated |
| indexdate | 2024-12-23T14:15:14Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007270595 |
| oclc_num | 214745639 |
| open_access_boolean | |
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| owner_facet | DE-355 DE-BY-UBR DE-155 DE-BY-UBR DE-12 DE-703 DE-83 DE-188 |
| physical | 29 Bl. graph. Darst. |
| publishDate | 1996 |
| publishDateSearch | 1996 |
| publishDateSort | 1996 |
| publisher | Univ. Regensburg, Wirtschaftswiss. Fak. |
| record_format | marc |
| series | Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft |
| series2 | Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft |
| spellingShingle | Drukarczyk, Jochen 1938- Richter, Frank 1963- Valuing German companies using the adjusted present value approach Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft Unternehmensbewertung (DE-588)4078594-4 gnd |
| subject_GND | (DE-588)4078594-4 |
| title | Valuing German companies using the adjusted present value approach |
| title_auth | Valuing German companies using the adjusted present value approach |
| title_exact_search | Valuing German companies using the adjusted present value approach |
| title_full | Valuing German companies using the adjusted present value approach Jochen Drukarczyk ; Frank Richter |
| title_fullStr | Valuing German companies using the adjusted present value approach Jochen Drukarczyk ; Frank Richter |
| title_full_unstemmed | Valuing German companies using the adjusted present value approach Jochen Drukarczyk ; Frank Richter |
| title_short | Valuing German companies using the adjusted present value approach |
| title_sort | valuing german companies using the adjusted present value approach |
| topic | Unternehmensbewertung (DE-588)4078594-4 gnd |
| topic_facet | Unternehmensbewertung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007270595&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV000003414 |
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