Valuation

Course description and objectives

In this course, participants are first familiarized with the essential capital market theoretical principles of company valuation. Particular attention is paid to the possibilities of including personal taxes and analyzing the relationship between pre- and post-tax accounts. Subsequently, the application of the discounted cash flow method in pre- and post-tax accounts is discussed in detail. A further focus of the course is on the determination of the residual value as a special problem of business valuation, whereby particularly in this section reference is made to current publications. To prepare for the course, participants should therefore read the specific literature on this topic.

Participants in the course will acquire an in-depth understanding of the concept and problems of approaches to company valuation with a pre- and post-tax calculation. In addition, they will be able to understand current research work and develop their own research ideas and projects on the basis of the knowledge acquired.

Short overview