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Unternehmensbewertung und Bilanzfunktion

Unternehmensbewertung und Bilanzfunktion


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About the Book

Diplomarbeit aus dem Jahr 2009 im Fachbereich BWL - Industriebetriebslehre, Note: 1,3, Fachhochschule Regensburg (Fachbereich Betriebswirtschaft), Sprache: Deutsch, Abstract: Die Turbulenzen an den Kredit- und Finanzmärkten beeinflussen seit längerer Zeit unser gesellschaftliches Miteinander und sollen nach Äußerung des deutschen Finanzministers Peer Steinbrück keine kurze Episode sein. Diese begannen im Frühsommer 2007 mit der Subprimekrise (im deutschsprachigen Raum auch US-Immobilienkrise). Auslöser waren sog. Asset Backed Securities von US-Immobilien-krediten. In diesen strukturierten Produkten wurden zunächst Kredite gebündelt und verbrieft, anschließend teilweise zerlegt und in weiteren Verbriefung neu verpackt und bei Finanzinstituten platziert. Augenscheinlich ergibt sich durch diese Mehrfach-verbriefung eine Intransparenz hinsichtlich der zugrunde liegenden Risiken. Dabei gerieten bonitätsschwache, zweifelhafte Schuldner, im Zuge eines ansteigenden Zinsniveaus und stetig sinkenden Immobilienpreisen, zunehmend in Zahlungsschwierigkeiten. Im September 2008 erfuhr die Krise eine signifikante Zuspitzung, als die bedeutende Investmentbank Lehman Brothers Inc. mit Sitz in New York Insolvenz anmeldete. Der amerikanische Staat verweigert damals eine Finanzhilfe und ein weltweiter Börsencrash entstand mit der Folge eines schwindenden Vertrauens in die Finanzmärkte und einer dramatischen Verschlechterung der Bonität zahlreicher Bankinstitute. Seit dieser Zeit hat eine ganze Reihe von Unter-nehmen aus der Finanzbranche enorme Verluste erlitten. Viele Anleger haben sich zu sehr auf die Einschätzungen von Rating-Agenturen gestützt, diese bewerteten die Risiken der verbrieften Papiere der Investmentbanken offensichtlich irrtümlich gering. Darüber hinaus ist auf den Weltmärkten eine zunehmende Verflechtung von Unternehmen zu beobachten. Nicht nur große Konzerne, sondern auch kleinere und mittelständische Unternehmen verlagern ihre Produktions- und Vertriebsstätten an


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Product Details
  • ISBN-13: 9783640639090
  • Publisher: Grin Verlag
  • Publisher Imprint: Grin Verlag
  • Height: 210 mm
  • No of Pages: 128
  • Series Title: German
  • Sub Title: Ansatz und Bewertung von nicht-börsennotierten Beteiligungen nach HGB und IFRS
  • Width: 148 mm
  • ISBN-10: 364063909X
  • Publisher Date: 08 Jun 2010
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 8 mm
  • Weight: 227 gr


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