Calculation of Tax Shields Using the Method of Adjusted Present Value

2018 ◽  
pp. 553-562
Author(s):  
Katarina Valaskova ◽  
Vladimir Bakes
Keyword(s):  
Present Value ◽  
Tax Shields ◽  
Adjusted Present Value

Comment on 'The Value of Tax Shields is NOT Equal to the Present Value of Tax Shields', Including an Arbitrage Opportunity

2003 ◽  
Author(s):  
Nicholas X. Wonder ◽  
Paul Fieten ◽  
Lutz Kruschwitz ◽  
Jörg Laitenberger ◽  
Andreas Löffler ◽  
...  
Keyword(s):  
Present Value ◽  
Tax Shields ◽  
Arbitrage Opportunity

Revised Comment on 'The Value of Tax Shields is NOT Equal to the Present Value of Tax Shields'

2003 ◽  
Author(s):  
Nicholas X. Wonder ◽  
Joseph Tham ◽  
Ignacio Velez-Pareja ◽  
Andreas Löffler ◽  
Paul Fieten
Keyword(s):  
Present Value ◽  
Tax Shields

scholarly journals Capital Allocation in Decentralized Businesses

2018 ◽  
Vol 11 (4) ◽  
pp. 82 ◽  
Author(s):  
Stuart Turnbull
Keyword(s):  
Performance Measurement ◽  
Business Performance ◽  
Investment Decisions ◽  
Capital Allocation ◽  
Time Varying ◽  
Present Value ◽  
Risk Capital ◽  
Adjusted Present Value

This paper described a theory of capital allocation for decentralized businesses, taking into account the costs associated with risk capital. We derive an adjusted present value expression for making investment decisions, that incorporates the time varying profile of risk capital. We discuss the implications for business performance measurement.

Unternehmensbewertung bei variablem Verschuldungsgrad

1998 ◽  
Vol 10 (6) ◽  
Author(s):  
Frank Richter
Keyword(s):  
Cash Flow ◽  
Present Value ◽  
Discounted Cash Flow ◽  
Adjusted Present Value

Im vorliegenden Beitrag wird ein Teilaspekt der Unternehmensbewertung aufgegriffen, der in der jüngsten Vergangenheit besonders intensiv und kontrovers diskutiert wurde. Die Frage ist, wie die durch anteilige Fremdfinanzierung ausgelösten Steuervorteile (bei fehlenden Insolvenzrisiken) zu bewerten sind. Der Beitrag enthält eine weiterentwickelte Adjusted-Present-Value-Methode, die hierfür besser geeignet ist als die gängigen Discounted-Cash-flow- und Ertragswert-Methoden

Political risk and adjusted present value

1994 ◽  
Vol 25 (12) ◽  
pp. 2207-2220 ◽  
Author(s):  
YUEH H. CHEN ◽  
WINSTON T. LIN
Keyword(s):  
Political Risk ◽  
Present Value ◽  
Adjusted Present Value
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