Books > Business & Economics > Industry & industrial studies
|
Buy Now
Die Bewertung notleidender Kredite - Distressed Assets (German, Paperback)
Loot Price: R1,458
Discovery Miles 14 580
You Save: R92
(6%)
|
|
Die Bewertung notleidender Kredite - Distressed Assets (German, Paperback)
Expected to ship within 10 - 15 working days
|
Diplomarbeit aus dem Jahr 2007 im Fachbereich BWL - Bank, Borse,
Versicherung, Note: 1.1, European Business School - Internationale
Universitat Schloss Reichartshausen Oestrich-Winkel, 151 Quellen im
Literaturverzeichnis, Sprache: Deutsch, Anmerkungen: Die Arbeit
beschreibt einleitend die Entwicklung im Handel mit notleidenden
Krediten in Deutschland und arbeitet in den folgenden Kapiteln die
unterschiedlichen Bewertungskonzepte von notleidenden Krediten der
Geschaftsbanken und Investitionsgesellschaften heraus. Im letzten
Abschnitt werden die Konzepte evaluiert und die sich abzeichnende
zukunftige Entwicklung vorhergesagt., Abstract: This paper explores
the price gap between sellers and buyers of distressed corporate
debt which impedes the development of the nascent distressed debt
market in Germany. After an introductory first chapter, the second
chapter lays the groundwork for the further investigation by
analyzing the motivations of the two types of market participants,
the commercial banks and the distressed debt investors, to trade.
It continues by describing the characteristics of distressed debt
investors and the investment approaches they take. The third
chapter deals with the commercial banks' perspective on distressed
debt and their valuation methods. It is shown that banks view
corporate debt in light of its inherent risk of default and
consequently value loans at par value less specific provisions.
Although banks maintain vigorous rating systems to assess the
probability of default and the loss given default, they have
difficulties specifically valuing distressed corporate debt. Their
valuation methods do not incorporate all drivers of debt value and
future workout costs and are largely influenced by accounting
principles and accounting policies resulting in insufficient
provisions and too high price expectations. By contrast, as shown
in the fourth chapter, investors view distressed corporate debt as
an opportunity to restructure the company and p
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
Buy 2 Business Books, Get An Extra 10% Off
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.