Functional business valuation – purpose is king!
Functional business valuation – purpose is king!
Author(s): Christian Toll, Thomas HeringSubject(s): Economy, Business Economy / Management
Published by: Wydawnictwa AGH
Keywords: functional business valuation; decision function; mediation function; argumentation function
Summary/Abstract: In the present contribution, we discuss the basic principles of functional business valuation. In addition to a distinction between objective and subjective valuation theory, the differences between finance-theoretical and investment-theoretical valuation approaches are worked out. The core of our discussion is devoted to an overview of the three main functions and value concepts of functional business valuation theory.
Journal: Managerial Economics
- Issue Year: 25/2024
- Issue No: 2
- Page Range: 159-172
- Page Count: 14
- Language: English
