• Home
  • Managerial
  • Corporate evaluation in the German banking sector by Svend Reuse, Prof. Dr. Eric Frère und Prof. Dr. Burghard

Corporate evaluation in the German banking sector by Svend Reuse, Prof. Dr. Eric Frère und Prof. Dr. Burghard

By Svend Reuse, Prof. Dr. Eric Frère und Prof. Dr. Burghard Hermeier

Particularly small cooperative banks and rate reductions banks are faced with adverse takeovers, loss of luck within the retail industry, an damaging fee source of revenue ratio, and the ensuing demanding situations. Angainst this heritage, company overview is of accelerating value for German banks. Svend Reuse's research of the theoretical establishment of company assessment within the German banking region exhibits that in basic terms the profits price strategy, the fairness method and the multiplier strategy are precious during this context.

Show description

Read or Download Corporate evaluation in the German banking sector PDF

Similar managerial books

Throughput Accounting: A Guide to Constraint Management

Compliment for Throughput Accounting: A advisor to Constraint administration '' Throughput Accounting offers managers with a clean set of eyes to spot and regulate bottlenecks. The drum, buffer, and cord becomes a part of the price accounting lexicon sooner or later. '' —Geoffrey Garland, Controller, StacoSwitch, Inc.

Internationale Rechnungslegung: Jahresabschluss nach HGB, IAS und US-GAAP Grundlagen — Vergleich — Fallbeispiele

Das externe Rechnungswesen erlebt zurzeit eine stürmische Entwicklung. Immer mehr worldwide participant müssen ihren wachsenden Kapitalbedarf über internationale Finanzmärkte decken. Sie erstellen ihren Konzernabschluss deshalb nicht mehr nach dem HGB sondern nach internationalen criteria. Dieses Lehrbuch vermittelt das Basiswissen der Rechnungslegung nach HGB, IAS und US-GAAP klar und verständlich.

Wiley Revenue Recognition plus Website: Understanding and Implementing the New Standard

Every thing you must comprehend and enforce the recent converged FASB-IASB profit attractiveness ordinary Wiley profit acceptance presents an outline of the hot profit reputation typical and instructs financial plan preparers step by step in the course of the new version, supplying quite a few, useful program examples alongside the way in which.

Additional resources for Corporate evaluation in the German banking sector

Example text

218. Cf. Bellinger/Vahl (1992), pp. 145. Cf. Fischer (1989), p. 93 and Beisel/Klumpp (1991), p. 33. Cf. Mandl/Rabel (1997), p. 113. Cf. Ballwieser (2004), p. 13 and IDW (2005), p. 1306. Cf. Drukarczyk (1996), pp. 210. Cf. Kuhner/Maltry (2006), p. 49. For a detailed analysis of this problem cf. Bretzke (1975). Cf. Göppl (1980), p. 238; Jung (1983), p. 495 and Korth (1992), p. 14. Ballwieser combines the first two aspects. Cf. Ballwieser (2004), p. 14. Cf. Coenenberg/Sautter (1988), p. 703. Cf. Jung (1983), p.

EBIT, sales and EBITDA are normally used for evaluating the enterprise value376, because these basic variables are independent of the debt ratio377. EBT378 and net profit are used to determine the value of the equity379. The multiple is evaluated by generating an average or a median380. However, in addition, the standard deviation of the multiple is considered as well381. Otherwise, the resulting value would lead to a false conclusion. The empirical evaluation of the quality of possible multiples can be summarized as Liu/Nissim/Thomas did: “Second, we confirm that forward earnings contain considerably more value-relevant information than historical data, and they should be used as long as fore- 369 370 371 372 373 374 375 376 377 378 379 380 381 Abbreviation for Comparable Company Analysis.

137. Cf. Ballwieser (2004), p. 193. Abbreviation for Earnings Before Taxes. Cf. Löhnert/Böckmann (2002), pp. 410 – 411 and Nestler/Kraus (2003), p. 3. The usual multiples are discussed here. Cf. Kuhner/Maltry (2006), p. 266. Cf. Ballwieser (2004), p. 195. 36 2 Theoretical Status Quo of Corporate Evaluation casted earnings are available. 382” Advantages of the multiplier methods can be stated as follows: First, they are quite simple in their usage383. Soffer/Soffer stated concretely: “The main reason analysts use the multiples approach for evaluation is it is much quicker than discounted cash flow techniques384”.

Download PDF sample

Rated 4.00 of 5 – based on 15 votes