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Mit Methoden zur Umweltbewertung, die - wie die interviewgestützte Contingent Valuation Methode - auf der Messung individueller Präferenzen basieren, lässt sich der Wert einer Umweltveränderung umfassend bestimmen, aber sie erweisen sich in der Praxis oft als zu teuer. Durch die Verwendung von Bayes'schen Ansätzen können die Kosten der Kosten-Nutzen-Analyse für explizite Bewertungsstudien sowie für die implizite Bewertung durch den Nutzentransfer deutlich gesenkt werden. Darüber hinaus wird durch diesen Ansatz der Nutzentransfer erheblich zuverlässiger, so dass dieses Sparmodell der Umweltbewertung mit weitaus geringeren Einschränkungen als bislang empfohlen werden kann. Die Arbeit illustriert diese Aussagen mit einer Vielzahl simulierter und empirischer Beispiele.
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This edited volume aims to discuss the most contemporary state of the determinants of the firm value. This book presents theoretical works as well as empirical studies that contrast the arguments offered by the leading, ground-breaking theories on the firm value. What variables determine the firm value? Are these determinants controllable or uncontrollable by the managers of the companies? Is the impact of corporate governance systems on the firm value symmetrical between different institutional contexts? Do the financial reports affect the value of the firm? What role does corporate social responsibility play as a determinant of the firm value? These and other questions are analyzed and scrutinized step by step throughout this book.
Corporations --- Valuation. --- Stocks --- Valuation --- Finance --- Business Administration --- Social Sciences and Humanities --- Management and Economics --- Business
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EU-Unternehmen müssen seit 2005 entsprechend ihrem CO2-Ausstoß genügend Emissionszertifikate einreichen. Da die Zertifikate frei handelbar sind, stellt sich ihnen CO2 als ein zusätzlicher Produktionsfaktor mit unsicherem Preis dar. Derivative Finanzinstrumente helfen beim Management der damit verbundenen Risiken. Die Arbeit analysiert und beantwortet grundlegende Fragestellungen zur Modellierung und Bewertung solcher Finanzinstrumente im Emissionshandel.
derivatives --- Modellierung --- valuation --- Preismodellierung --- DerivateCO2 emission certificates --- price modelling --- Kohlendioxidemission --- Derivate --- HandelCO2-Emissionszertifikate --- Contingent Valuation --- Bewertung
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This work starts with the real estate industry as an important field of action for sustainable development and examines the consideration of sustainability-relevant property characteristics in the valuation of real estate. Taking into account econometric methods, the willingness to pay and the understanding of sustainability in real estate as well as the increase in value of sustainable object attributes is analysed.
Economics --- Immobilienwirtschaft --- Nachhaltigkeit --- Immobilienbewertung --- Wertermittlung --- Regressionsanalyse --- Real estate economy --- sustainability --- real estate valuation --- valuation --- regression analysis
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Contingent valuation is a survey-based procedure that attempts to estimate how much households are willing to pay for specific programs that improve the environment or prevent environmental degradation. For decades, the method has been the center of debate regarding its reliability: does it really measure the value that people place on environmental changes? Bringing together leading voices in the field, this timely book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique's continued use. Individual chapters investigate how respondents answer questions in contingent valuation surveys, with a particular focus on how the procedure's estimates change based on the costs that the researcher specifies, the payment mechanism, and the scope of the environmental improvement. Other issues covered include whether the survey respondents make trade-offs between the program costs and benefits; and whether corrections can be applied to account for any misunderstanding of the questions by respondents and for the hypothetical nature of the survey. This book will appeal to environmental economists and students in environmental and resource economics. Government staff at environmental agencies and survey researchers will benefit from the close analysis of previous applications.
Contingent valuation. --- Natural resources --- Valuation. --- National resources --- Resources, Natural --- Economic aspects --- Resource-based communities --- Resource curse --- Valuation --- Economics and Finance --- Environmental Economics --- Environment
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En Colombia, más del 80 % de las empresas son pymes familiares; por ello, son bienvenidos y necesarios todos los aportes de la academia para entender las interacciones de la familia y la empresa, pensadas y escritas para los interesados. Con estos casos, construidos a partir del acercamiento a más de cuatrocientos emprendedores a la universidad, se recogen sus inquietudes. El libro está escrito para identificar las debilidades y las fortalezas de las empresas familiares, e invita a imaginar formas de gestión y entendimiento entre fundadores y sucesores, para trabajar en su consolidación y traspaso generacional. Se pretende que los microempresarios ahonden en los ciclos de vida de las empresas de familia y el manejo del conflicto y la comunicación, con el ánimo de consolidar la continuidad de la familia y la empresa para las nuevas generaciones, y que puedan afirmar “sí se puede trabajar con la esposa” o es posible “diversificar en tiempos difíciles”. Este trabajo, que ponen en sus manos la Universidad de La Salle y la Universitaria Agustiniana, es un esfuerzo por acercar los avances de investigación a los interesados y rinde tributo a los empresarios familiares que contribuyen en la generación de empleo, riqueza y desarrollo.
Family businesses --- business valuation --- small and medium business --- Colombia.
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Survey based valuation techniques like the Contingent Valuation Method (CVM) rely particularly on the premise of respondents’ rationality when answering willingness to pay (WTP) questions. Results of CVM surveys have repeatedly put this fundamental assumption into question. This study adopts a more realistic view of rationality accounting for respondents’ limited capacities to process information. Based on cognitive psychology a technique to detect and analyze the bounds of rationality inherent in WTP statements is developed. Using an empirical example, the influence of bounded rationality on the validity of CVM results is analyzed. It is shown that individual differences in information processing play a major role. From these results recommendations for future survey design are developed.
Economic theory & philosophy --- Environmental economics --- Environmental economics. --- Environmental protection --- Economic aspects. --- Economics --- Environmental quality --- Environmental aspects --- Economic aspects --- Bounded Rationality --- Concepts --- Contingent Valuation --- Contingent Valuation Method --- Enviromental --- Environmental --- Frör --- Rationality --- Umweltbilanz --- Valuation
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The practical importance of economic valuation information can hardly be overstated. Coastal and marine resource policy planning and management benefit from complete information on the impact of policy decisions.
internet survey --- open access --- contingent valuation method --- coastal management --- tourism --- Thailand --- marine --- wetlands --- harmful algae blooms --- environmental valuation --- quota --- cyanobacteria --- estuarine and coastal ecosystems --- wealth accounting --- seawater quality --- economic analysis --- remote sensing --- ecosystem restoration --- coastal ecosystems --- random utility model --- contingent behavior --- public policy --- habitat–fishery linkages --- Barbados --- coastal ecosystem services valuation --- fishery --- mangroves --- ecosystem services valuation --- coral reefs valuation --- recreational boating --- regulated open access --- non-market value --- economic valuation --- ecosystem services --- coastal
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Évaluation en éducation --- Muséologie --- 037 --- Muséologie. --- Éducation --- Évaluation --- Évaluation --- Muséologie.
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This dissertation is an exploration into the fields of sustainable development, property investment and valuation. It investigates the rationale for immediately and rigorously integrating sustainability issues into property valuation theory and practice and proposes theoretical and practical options for valuers on how to address sustainability issues within valuation reports. It is argued that the perception of property as a commodity is changing to emphasize sustainable design features and performance characteristics as important determinants of a property�s worth and market value.
sustainable development --- sustainable building --- performance indicators --- roperty valuation --- property market --- property investment --- sustainability
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