Abstract
This chapter deals with the problem of selling or buying a sole proprietorship or partnership (asset deal). The investor and the seller have to calculate the marginal price they are willing to pay or to accept, respectively. We derive simple models of firm valuation and show how taxation affects investment decisions in terms of buying or selling firms. After reading this chapter, you will be able to conduct simple business evaluations for both sides of the transaction – purchasers and sellers.
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References
Wagner, F. W., Rümmele, P.: Ertragsteuern in der Unternehmensbewertung: Zum Einfluss von Steuerrechtsänderungen. Die Wirtschaftsprüfung 433–441 (1995)
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© 2011 Springer-Verlag Berlin Heidelberg
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Schanz, D., Schanz, S. (2011). Standard Model of Business Valuation. In: Business Taxation and Financial Decisions. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-03284-4_8
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DOI: https://doi.org/10.1007/978-3-642-03284-4_8
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Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-03283-7
Online ISBN: 978-3-642-03284-4
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