2022, Waterstraat, Silke, Kustner, Clemens

2021, Waterstraat, Silke, Kustner, Clemens

2019, Härri, Matthias, Hüttche, Tobias, Kustner, Clemens

This paper discusses the impact of digitisation on Business Valuation. In order to become and remain "digital", investments are necessary whose return on investment (ROI) often remains vague. This uncertainty is contradictory for a valuation that rely on predictable cash flows, fixed capital structures and the steady state. However, digitisation does not make a company valuation impossible, but traditional approaches must be reconsidered. First and above the valuation objects – the companies – will change: Their value drivers are more and more intangible if not invisible and the business models become finite. The valuation process will change: Predictive Analysis and Planning allow valuations in real time. Thus, the values and prices will vary more than we have seen in the past. After all and at the moment, man is still needed. There are some bottlenecks, where the human brain still beats robots and algorithms, at least when it comes to cost.

2021, Waterstraat, Silke, Kustner, Clemens, Koch, Maximilian, Gerber, Aurona, Hinkelmann, Knut

2021, Waterstraat, Silke, Kustner, Clemens

2018, Krings, Ulrich, Müller, Thomas, Kustner, Clemens, Baumann, Michael

Corporate reporting undoubtedly plays a major part in supporting decision-making by company management. In addition to contents of the reports, the way the reports are distributed and pre-sented are also of great importance. Based on the results of a survey done with the 50 CFOs of mid-sized are Swiss companies, this paper will identify five steps for optimizing the presentation of information in such reports. This not only involves increasing the effectiveness of the content, but also increasing of the reporting processes.

2021, Waterstraat, Silke, Kustner, Clemens

2021, Waterstraat, Silke, Kustner, Clemens

2016-10-19, Kustner, Clemens

Die Discounted Cashflow Methode ist ein Standardinstrument der Unternehmensbewertung. Der Beitrag stellt knapp und prägnant dar, wie Praktiker ein DCF-Modell zur Bewertung eines Unternehmens erstellen können.