Auflistung nach Autor:in "Horner, Sebastian"

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Comparative business valuation of SME in Europe
(Hochschule für Wirtschaft FHNW, 2019) Dreier, Pascal; Fopma, Benjamin; Horner, Sebastian; Lenzin, Sandro; Strebel, Pascal; Schmid, Fabian; Institute for Finance, HSW FHNW, Basel
SMEs represent 99% of all businesses in the European Union (EU). They are no longer bound solely to national operations. Instead, they are internationally and globally active and represent attractive cross-border target companies. This increasing attractiveness raises the question for many entrepreneurs about their company’s value. Different opinions on valuation techniques and methods result in different expectations on value and price which makes it harder to compare and does not provide transparency. Research on the evaluation of SMEs is predominantly nationally oriented and illustrates the practice of individual countries. Comparative research is complicated by the fact that national standards are only available in the national language, as in Italy, or at best in English, as in Spain but is limited towards the basic principals. Carland and White (1980) compared national and international standards for company valuation in a first approach but did not address the valuation practices or the unique features of SMEs. Fleischer examined comparative literature in several articles published since 2012 but limited himself to stock corporation and valuation law cash settlement claims. As for Italy, a newer approach by the Organismo Italiano di Valutazione (2018) tries to close this gap by publishing topics of cross-border interest in English in the Business Valuation Journal. However, there is a need for a comparative study on the valuation methods of SMEs across Europe for more transparency in terms of valuation.
11 - Studentische Arbeit
Design and performance of a market acceptance test for Kuny AG
(Hochschule für Wirtschaft FHNW, 2020) Lenzin, Sandro; Horner, Sebastian; Birkenmeier, Beat; Kuny AG, Küttigen
At the beginning of 2020, Kuny AG developed a new digital printing process for textile ribbons. As an innovative technology, screen printing was replaced by a digital printing process that prints the reliefs onto a textile’s surface using an additive manufacturing process. The new printing process also facilitates the integration of RFID chips and antennas. The resulting final product is the so-called RFID labels. RFID labels enable superior brand protection, better inventory management, higher anti-theft protection, and simplified traceability throughout the entire supply chain.
11 - Studentische Arbeit