Valuation is fuzzy: Integration qualitativer Risiken ins stochastische Bewertungsmodell mit Hilfe der Fuzzy-Set Theorie

Arbeitspapier

Non-financial risk factors play a fundamental role in supporting the competitive position of companies in many of today's industries. Though, assessing these ambiguous factors in a valuation based on a Monte-Carlo simulation is particularly difficult. This paper presents how the fuzzy-set theory allows these factors to be assessed explicitly and how the resulting outcome can be linked with a stochastic model.

Object Details

• Language: Deutsch

References and Relationships

• Bibliographic citation: Series: Working Papers in Accounting Valuation Auditing ; No. 2010-8

Classification and Topics

• Classification: Wirtschaft ; Statistical Simulation Methods: General ; Model Construction and Estimation ; Forecasting Models; Simulation Methods ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill ; Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
• Subject: Monte-Carlo Simulation ; Fuzzy-Set Theorie ; Unternehmensbewertung ; Unschärfe ; wissensbasierte Systeme ; Linguistik ; qualitatives Risiko ; Due Diligence ; Risikoanalyse ; fuzzy-set theory ; valuation ; fuzziness ; expert systems ; Balanced Scorecard ; non-financial risk factors ; due diligence ; risk analysis

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Klein, Martin
• Event: Veröffentlichung
• (who): Friedrich-Alexander-Universität Erlangen-Nürnberg, Lehrstuhl für Rechnungswesen und Prüfungswesen
• (where): Nürnberg
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/44417
• Last update: 10.03.2025, 11:43 AM CET