Functional business valuation – purpose is king!

Christian Toll () and Thomas Hering ()
Additional contact information
Christian Toll: Fern-Universität in Hagen
Thomas Hering: Fern-Universität in Hagen

Managerial Economics, 2024, vol. 25, issue 2, 159-172

Abstract: In the present contribution, we discuss the basic principles of functional business valuation. In addition to a distinction between objective and subjective valuation theory, the differences between finance-theoretical and investment-theoretical valuation approaches are worked out. The core of our discussion is devoted to an overview of the three main functions and value concepts of functional business valuation theory.

Keywords: functional business valuation; decision function; mediation function; argumentation function (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.agh.edu.pl/manage/article/view/6913/3121 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agh:journl:v:25:y:2024:i:2:p:159-172

Access Statistics for this article

Managerial Economics is currently edited by Henryk Gurgul

More articles in Managerial Economics from AGH University of Science and Technology, Faculty of Management Contact information at EDIRC.
Bibliographic data for series maintained by Lukasz Lach ().