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Browsing by Subject "decision function"

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    Item type:Article, Access status: Open Access ,
    Functional business valuation – purpose is king!
    (Wydawnictwa AGH, 2024) Toll, Christian; Hering, Thomas
    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.