Fundamentals of Functional Business Valuation
Identifieur interne : 001949 ( Istex/Corpus ); précédent : 001948; suivant : 001950Fundamentals of Functional Business Valuation
Auteurs : Manfred Jürgen Matschke ; Gerrit Brösel ; Xenia MatschkeSource :
- Journal of Business Valuation and Economic Loss Analysis [ 1932-9156 ] ; 2010-11-01.
Abstract
After a brief overview of different company valuation theories, this paper presents the main functions (decision, arbitration, and argument or negotiation function) of company valuation according to the functional (i.e., purpose-oriented) theory. The main body of the paper focuses on the decision function and shows how the decision value can be derived as a subjective limit value that different economic agents assign to the company. Finally, the differences between the functional and the market value oriented theory of company valuation are discussed.
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DOI: 10.2202/1932-9156.1097
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KG, Berlin/Boston</p></availability><date>2010-11-01</date></publicationStmt><sourceDesc><biblStruct type="inbook"><analytic><title level="a" type="main" xml:lang="en">Fundamentals of Functional Business Valuation</title><author xml:id="author-1"><persName><forename type="first">Manfred Jürgen</forename><surname>Matschke</surname></persName><affiliation>Ernst-Moritz-Arndt-Universität</affiliation></author><author xml:id="author-2"><persName><forename type="first">Gerrit</forename><surname>Brösel</surname></persName><affiliation>Technische Universität Ilmenau</affiliation></author><author xml:id="author-3"><persName><forename type="first">Xenia</forename><surname>Matschke</surname></persName><affiliation>Universität Trier</affiliation></author></analytic><monogr><title level="j">Journal of Business Valuation and Economic Loss Analysis</title><idno type="eISSN">1932-9156</idno><imprint><publisher>De Gruyter</publisher><date type="published" when="2010-11-01"></date><biblScope unit="volume">5</biblScope><biblScope unit="issue">1</biblScope></imprint></monogr><idno type="istex">C528952843C5CC9E53E3B79842923D407B4CA5C9</idno><idno type="DOI">10.2202/1932-9156.1097</idno><idno type="ArticleID">1932-9156.1097</idno><idno type="pdf">jbvela.2010.5.1.1097.pdf</idno></biblStruct></sourceDesc></fileDesc><profileDesc><creation><date>2010-11-01</date></creation><langUsage><language ident="en">en</language></langUsage><abstract xml:lang="en"><p>After a brief overview of different company valuation theories, this paper presents the main functions (decision, arbitration, and argument or negotiation function) of company valuation according to the functional (i.e., purpose-oriented) theory. The main body of the paper focuses on the decision function and shows how the decision value can be derived as a subjective limit value that different economic agents assign to the company. Finally, the differences between the functional and the market value oriented theory of company valuation are discussed.</p></abstract><textClass><keywords scheme="keyword"><list><item><term>Theory and Practice</term></item></list></keywords></textClass><textClass><keywords scheme="keyword"><list><head>Keywords</head><item><term>decision function</term></item><item><term>decision value</term></item><item><term>functional business valuation</term></item><item><term>subjective limit value</term></item></list></keywords></textClass></profileDesc><revisionDesc><change when="2010-11-01">Created</change><change when="2010-11-01">Published</change><change xml:id="refBibs-istex" who="#ISTEX-API" when="2017-01-17">References added</change></revisionDesc></teiHeader></istex:fulltextTEI><json:item><extension>txt</extension><original>false</original><mimetype>text/plain</mimetype><uri>https://api.istex.fr/document/C528952843C5CC9E53E3B79842923D407B4CA5C9/fulltext/txt</uri></json:item></fulltext><metadata><istex:metadataXml wicri:clean="corpus degruyter-journals" wicri:toSee="no header"><istex:xmlDeclaration>version="1.0" encoding="utf-8"</istex:xmlDeclaration><istex:docType PUBLIC="-//Atypon//DTD Atypon Systems Journal Archiving and Interchange NLM DTD v3.0.2 20101108//EN" URI="atypon_archive-interchange-dtd-3.0.2/atypon-archivearticle3.dtd" name="istex:docType"></istex:docType><istex:document><article article-type="research-article" dtd-version="3.0" xml:lang="EN"><front><journal-meta><journal-id journal-id-type="publisher-id">jbvela</journal-id><journal-title-group><journal-title>Journal of Business Valuation and Economic Loss Analysis</journal-title></journal-title-group><issn pub-type="epub">1932-9156</issn><publisher><publisher-name>De Gruyter</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="publisher-id">1932-9156.1097</article-id><article-id pub-id-type="doi">10.2202/1932-9156.1097</article-id><article-categories><subj-group subj-group-type="heading"><subject>Article</subject></subj-group><subj-group><subject>Theory and Practice</subject></subj-group></article-categories><title-group><article-title>Fundamentals of Functional Business Valuation</article-title></title-group><contrib-group><contrib contrib-type="author"><name><surname>Matschke</surname><given-names>Manfred Jürgen</given-names></name><aff id="a1"><italic>Ernst-Moritz-Arndt-Universität</italic></aff></contrib><contrib contrib-type="author"><name><surname>Brösel</surname><given-names>Gerrit</given-names></name><aff id="a2"><italic>Technische Universität Ilmenau</italic></aff></contrib><contrib contrib-type="author"><name><surname>Matschke</surname><given-names>Xenia</given-names></name><aff id="a3"><italic>Universität Trier</italic></aff></contrib></contrib-group><pub-date pub-type="epub"><day>1</day><month>11</month><year>2010</year></pub-date><volume>5</volume><issue>1</issue><permissions><copyright-statement>©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston</copyright-statement><copyright-year>2011</copyright-year></permissions><related-article related-article-type="pdf" xlink:href="jbvela.2010.5.1.1097.pdf"></related-article><abstract><p>After a brief overview of different company valuation theories, this paper presents the main functions (decision, arbitration, and argument or negotiation function) of company valuation according to the functional (i.e., purpose-oriented) theory. The main body of the paper focuses on the decision function and shows how the decision value can be derived as a subjective limit value that different economic agents assign to the company. Finally, the differences between the functional and the market value oriented theory of company valuation are discussed.</p></abstract><kwd-group><title>Keywords</title><kwd>decision function</kwd><x>, </x><kwd>decision value</kwd><x>, </x><kwd>functional business valuation</kwd><x>, </x><kwd>subjective limit value</kwd></kwd-group><counts><page-count count="41"></page-count></counts></article-meta></front></article></istex:document></istex:metadataXml><mods version="3.6"><titleInfo lang="en"><title>Fundamentals of Functional Business Valuation</title></titleInfo><titleInfo type="alternative" lang="en" contentType="CDATA"><title>Fundamentals of Functional Business Valuation</title></titleInfo><name type="personal"><namePart type="given">Manfred Jürgen</namePart><namePart type="family">Matschke</namePart><affiliation>Ernst-Moritz-Arndt-Universität</affiliation><role><roleTerm type="text">author</roleTerm></role></name><name type="personal"><namePart type="given">Gerrit</namePart><namePart type="family">Brösel</namePart><affiliation>Technische Universität Ilmenau</affiliation><role><roleTerm type="text">author</roleTerm></role></name><name type="personal"><namePart type="given">Xenia</namePart><namePart type="family">Matschke</namePart><affiliation>Universität Trier</affiliation><role><roleTerm type="text">author</roleTerm></role></name><typeOfResource>text</typeOfResource><genre type="research-article" displayLabel="research-article"></genre><subject><topic>Theory and Practice</topic></subject><originInfo><publisher>De Gruyter</publisher><dateIssued encoding="w3cdtf">2010-11-01</dateIssued><dateCreated encoding="w3cdtf">2010-11-01</dateCreated><copyrightDate encoding="w3cdtf">2010</copyrightDate></originInfo><language><languageTerm type="code" authority="iso639-2b">eng</languageTerm><languageTerm type="code" authority="rfc3066">en</languageTerm></language><physicalDescription><internetMediaType>text/html</internetMediaType></physicalDescription><abstract lang="en">After a brief overview of different company valuation theories, this paper presents the main functions (decision, arbitration, and argument or negotiation function) of company valuation according to the functional (i.e., purpose-oriented) theory. The main body of the paper focuses on the decision function and shows how the decision value can be derived as a subjective limit value that different economic agents assign to the company. Finally, the differences between the functional and the market value oriented theory of company valuation are discussed.</abstract><subject><genre>Keywords</genre><topic>decision function</topic><topic>decision value</topic><topic>functional business valuation</topic><topic>subjective limit value</topic></subject><relatedItem type="host"><titleInfo><title>Journal of Business Valuation and Economic Loss Analysis</title></titleInfo><genre type="journal">journal</genre><identifier type="eISSN">1932-9156</identifier><identifier type="PublisherID">jbvela</identifier><part><date>2010</date><detail type="volume"><caption>vol.</caption><number>5</number></detail><detail type="issue"><caption>no.</caption><number>1</number></detail><extent unit="pages"><total>41</total></extent></part></relatedItem><identifier type="istex">C528952843C5CC9E53E3B79842923D407B4CA5C9</identifier><identifier type="DOI">10.2202/1932-9156.1097</identifier><identifier type="ArticleID">1932-9156.1097</identifier><identifier type="pdf">jbvela.2010.5.1.1097.pdf</identifier><accessCondition type="use and reproduction" contentType="copyright">©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston</accessCondition><recordInfo><recordContentSource>De Gruyter</recordContentSource></recordInfo></mods></metadata><serie></serie></istex></record>Pour manipuler ce document sous Unix (Dilib)
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