Deterministische Discounted Cash Flow Modelle (DCF-Modelle) greifen im Rahmen der Unternehmensbewertung lediglich auf einwertige Größen zurück. Bei stochastischen Modellen werden einzelne Plangrößen hingegen mehrwertig dargestellt, indem aus Wahrscheinlichkeitsverteilungen verschiedene...

Financial accounting activities are currently influenced as many other important areas that characterize and surrounds the activities within each economic entity, the avalanche of modern information technologies, which are able to improve specific business processes and to ensure future business...

This paper aims to highlight the importance of computerization management tools in the context of transition to knowledge-based economy. The systems, methods and classical management techniques will be incorporated into informational systems, which will allow streamlining budgets for managers...

This paper argues that conflicting incentives among managers may impede potential knowledge sharing benefits from vertical integration. I study knowledge-based agency costs from vertical integration in car leasing, where manufacturer-owned captive lessors compete with independent lessors. Both...