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

Martin Klein

No 2010-8, Working Papers in Accounting Valuation Auditing from Friedrich-Alexander University Erlangen-Nuremberg, Chair of Accounting and Auditing

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
JEL-codes: C15 C51 C53 G32 G34 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fauacc:20108

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