Gestaltungsmöglichkeiten und Motive bei der Ausgabe von Inhaberschuldverschreibungen
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Gestaltungsmöglichkeiten und Motive bei der Ausgabe von Inhaberschuldverschreibungen

Gestaltungsmöglichkeiten und Motive bei der Ausgabe von Inhaberschuldverschreibungen


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About the Book

Studienarbeit aus dem Jahr 2021 im Fachbereich VWL - Finanzwissenschaft, Note: 1,7, Hochschule Pforzheim, Sprache: Deutsch, Abstract: Das Jahr 2020 war in vielerlei Hinsicht ein außergewöhnliches Jahr - sowohl aus gesundheitlicher und sozialer Perspektive, aber auch bezüglich des Kapitalmarkts. Neben starken Kurserholungen auf den Aktienmärkten kam es zu einem beispiellosen Rekordvolumen bei der Emission europäischer Unternehmensanleihen - mit einem neuen Allzeithoch, welches 6% über dem bisherigen Rekord aus 2019 lag. Für 2021 scheint es durch erste Frühjahresauswertungen jedoch wahrscheinlich, dass dieses Wachstum gebremst werden könnte. Perspektivisch wird das Thema wohl weiter an Relevanz gewinnen, sei es durch den generell steigenden Fremdfinanzierungsbedarf von Unternehmen, höhere Finanzierungskosten durch strengere Kreditvergaberegulierungen bei Banken oder die damit verbundenen Anforderungen hinsichtlich Besicherung, Kapitaldienst und Covenants. In der Folge ist es das Ziel dieser Hausarbeit, die Motive und Gestaltungsmöglichkeiten bei der Finanzierung über Inhaberschuldverschreibungen darzustellen und die Auswirkungen zu erläutern. Hierbei sollte als gedankliche Vergleichsbasis stets die Kreditfinanzierung herangezogen werden, da diese Finanzierungsform im unternehmenseigenen Finanzierungsmix nach wie vor das Mittel der Wahl darstellt. Aufgrund der Länge dieser Hausarbeit muss jedoch auf eine detaillierte Darstellung des möglichen Ablaufs einer Anleiheemission verzichtet werden. Zur Bearbeitung der Zielsetzung beginnt die Ausarbeitung im zweiten Kapitel mit der Darstellung der Motive einer kapitalmarktgebundenen Finanzierung, indem verschiedene Finanzierungsformen dargestellt und von der Kapitalmarktfinanzierung abgegrenzt werden. Anschließend werden diverse Nutzungsmöglichkeiten einer Anleihefinanzierung erörtert und durch verschiedene befürwortende sowie widersprechende Argumente von klassischen Finanzierungsformen abgegrenzt. Das dritte Kapitel widme


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Product Details
  • ISBN-13: 9783346839190
  • Publisher: Bod Third Party Titles
  • Publisher Imprint: Grin Verlag
  • Height: 210 mm
  • No of Pages: 20
  • Spine Width: 1 mm
  • Width: 148 mm
  • ISBN-10: 3346839192
  • Publisher Date: 18 Mar 2023
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Weight: 91 gr


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