Fundamentals of Functional Business Valuation
AbstractAfter 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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Bibliographic InfoArticle provided by De Gruyter in its journal Journal of Business Valuation and Economic Loss Analysis.
Volume (Year): 5 (2010)
Issue (Month): 1 (November)
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Web page: http://www.degruyter.com
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- Jevons, William Stanley, 1871. "The Theory of Political Economy," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number jevons1871.
- Matschke, Xenia, 2008. "Funktionale Unternehmensbewertung im Lichte der Vertragstheorie," Wirtschaftswissenschaftliche Diskussionspapiere 04/2008, Ernst Moritz Arndt University of Greifswald, Faculty of Law and Economics.
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