£54.34

Deutscher Universitätsverlag Rechnungswesenbasierte Verfahren der Aktienbewertung: Theoretische und empirische Untersuchung des Residualgewinnmodells

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Description

Joachim Koch untersucht rechnungswesenbasierte Verfahren zur Aktienbewertung. Dabei legt er besonderen Wert auf das von Feltham und Ohlson entwickelte Residualgewinnmodell. Neben der theoretischen Herleitung des Residualgewinnmodells steht die kapitalmarktbezogene empirische Untersuchung unter Verwendung eines europäischen Datensatzes im Mittelpunkt der Arbeit. From the Back Cover In den letzten Jahren wurde eine Vielzahl von Modellen entwickelt, um den Wert von Aktien zu berechnen. Neben herkömmlichen Bewertungsmultiplikatoren werden in der Theorie und Praxis vorwiegend zahlungsstrombasierte Bewertungsmodelle verwendet. Aktienbewertungsmodelle, die auf Größen des externen Rechnungswesens (wie beispielsweise Buchwert des Eigenkapitals) basieren, existieren dagegen erst seit kurzer Zeit. Joachim Koch untersucht rechnungswesenbasierte Verfahren zur Aktienbewertung. Im Mittelpunkt steht das von Feltham und Ohlson entwickelte Residualgewinnmodell. Neben der theoretischen Herleitung des Residualgewinnmodells besteht der Beitrag, den diese Arbeit zur Problematik der Aktienbewertung leistet, in den empirischen Ergebnissen zur Bewertungseignung des Residualgewinnmodells im Vergleich zu traditionellen Bewertungsmultiplikatoren sowie zur Höhe der impliziten, aufgrund des Residualgewinnmodells ermittelten Risikoprämie in der Eurozone. About the Author Dr. Joachim Koch hat bei Prof. Dr. Markus Rudolf am Dresdner Bank Stiftungslehrstuhl für Finanzwirtschaft WHU - Otto Beisheim Hochschule in Vallendar promoviert. Derzeit arbeitet er in der Investment Banking Division von der UBS AG in Frankfurt.

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
27 September 2005
Listed Since
10 June 2010

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