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[{"key": "dc.contributor.advisor", "value": "Pajunen, Kati", "language": null, "element": "contributor", "qualifier": "advisor", "schema": "dc"}, {"key": "dc.contributor.author", "value": "Nurmela, Juho Markus", "language": null, "element": "contributor", "qualifier": "author", "schema": "dc"}, {"key": "dc.date.accessioned", "value": "2024-06-17T09:00:23Z", "language": null, "element": "date", "qualifier": "accessioned", "schema": "dc"}, {"key": "dc.date.available", "value": "2024-06-17T09:00:23Z", "language": null, "element": "date", "qualifier": "available", "schema": "dc"}, {"key": "dc.date.issued", "value": "2024", "language": null, "element": "date", "qualifier": "issued", "schema": "dc"}, {"key": "dc.identifier.uri", "value": "https://jyx.jyu.fi/handle/123456789/95951", "language": null, "element": "identifier", "qualifier": "uri", "schema": "dc"}, {"key": "dc.description.abstract", "value": "T\u00e4ss\u00e4 pro gradu -tutkielmassa on tutkittu laskennallisia arvonm\u00e4\u00e4ritysmene-telmi\u00e4. Tutkielman kirjallisuuskatsauksen perusteella yleisi\u00e4 arvonm\u00e4\u00e4rityk-sess\u00e4 k\u00e4ytett\u00e4vi\u00e4 laskennallisia menetelmi\u00e4 ovat tuottoarvoon perustuvat menetelm\u00e4t sek\u00e4 verrokkiyhti\u00f6ihin perustuvat menetelm\u00e4t. Kirjallisuuden mukaan kaikki edell\u00e4 mainitut menetelm\u00e4t ovat toimivia yrityksen hinnan estimaatin muodostamiseen. Luotettavimman estimaatin antavaa arvonm\u00e4\u00e4-ritysmenetelm\u00e4\u00e4 ei kirjallisuuden perusteella voida m\u00e4\u00e4ritt\u00e4\u00e4, vaan eri mene-telmien luotettavuudesta on saatu varsin ristiriitaisia tuloksia.\nTutkimuksessa on hy\u00f6dynnetty puolistrukturoitujen teemahaastattelujen avulla ker\u00e4tty\u00e4 aineistoa. Haastatteluihin osallistui viisi kokenutta arvonm\u00e4\u00e4-ritt\u00e4j\u00e4\u00e4. Arvonm\u00e4\u00e4rityksen laatiminen on prosessi, joka vaatii arvonm\u00e4\u00e4ritt\u00e4-j\u00e4lt\u00e4 oletusten ja ennusteiden tekemist\u00e4, joka onnistuu parhaiten kokemuksen my\u00f6t\u00e4.\nAsiantuntijoiden yleisesti k\u00e4ytt\u00e4m\u00e4t arvonm\u00e4\u00e4ritysmenetelm\u00e4t ovat diskon-tattujen vapaiden kassavirtojen menetelm\u00e4, vertailu verrokkiyrityksiin sek\u00e4 taseen substanssiarvoon perustuva arvonm\u00e4\u00e4ritys. Vapaiden kassavirtojen menetelm\u00e4 ja verrokkiyritysmenetelm\u00e4 ovat asiantuntijoiden mukaan ensisi-jaisia menetelmi\u00e4 arvonm\u00e4\u00e4rityksess\u00e4. Taseen substanssiarvoa k\u00e4ytet\u00e4\u00e4n sil-loin, kun yrityksen liiketoiminnalla ei katsota olevan arvoa. Kassavirtamene-telm\u00e4n heikkoutena pidettiin ennusteiden ja oletusten suurta roolia hintaes-timaatissa. Kassavirtamallin vahvuus on sen monik\u00e4ytt\u00f6isyys, koska sen avulla voidaan arvostaa mit\u00e4 tahansa varallisuuser\u00e4\u00e4. Verrokkimenetelm\u00e4\u00e4 pidet\u00e4\u00e4n luotettavimpana, kun arvonm\u00e4\u00e4rityksen kohteena on vakaan liike-toiminnan yritys. Verrokkimenetelm\u00e4\u00e4 voidaan hy\u00f6dynt\u00e4\u00e4, kun arvonm\u00e4\u00e4ri-tyksen kohteelle l\u00f6ytyy vertailukelpoisia verrokkiyrityksi\u00e4. Verrokkimene-telm\u00e4\u00e4 k\u00e4ytett\u00e4ess\u00e4 arvonm\u00e4\u00e4ritt\u00e4j\u00e4 joutuu tekem\u00e4\u00e4n suuren ty\u00f6n, jotta ver-tailuun l\u00f6ytyisi vertailukelpoisia yrityksi\u00e4. Sopivia verrokkeja ei aina l\u00f6ydy, joka rajoittaa verrokkimenetelm\u00e4n k\u00e4ytt\u00f6\u00e4.", "language": "fi", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Submitted by jyx lomake-julkaisija (jyx-julkaisija.group@korppi.jyu.fi) on 2024-06-17T09:00:23Z\nNo. of bitstreams: 0", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Made available in DSpace on 2024-06-17T09:00:23Z (GMT). No. of bitstreams: 0", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.format.extent", "value": "72", "language": null, "element": "format", "qualifier": "extent", "schema": "dc"}, {"key": "dc.format.mimetype", "value": "application/pdf", "language": null, "element": "format", "qualifier": "mimetype", "schema": "dc"}, {"key": "dc.language.iso", "value": "fin", "language": null, "element": "language", "qualifier": "iso", "schema": "dc"}, {"key": "dc.rights", "value": "CC BY-NC-ND 4.0", "language": "en", "element": "rights", "qualifier": null, "schema": "dc"}, {"key": "dc.title", "value": "Yrityksen arvonm\u00e4\u00e4ritys: Asiantuntijoiden n\u00e4kemyksi\u00e4 arvonm\u00e4\u00e4ritysmenetelmist\u00e4", "language": null, "element": "title", "qualifier": null, "schema": "dc"}, {"key": "dc.type", "value": "master thesis", "language": null, "element": "type", "qualifier": null, "schema": "dc"}, {"key": "dc.identifier.urn", "value": "URN:NBN:fi:jyu-202406174717", "language": null, "element": "identifier", "qualifier": "urn", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4 University School of Business and Economics", "language": "en", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4n yliopiston kauppakorkeakoulu", "language": "fi", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "University of Jyv\u00e4skyl\u00e4", "language": "en", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "Jyv\u00e4skyl\u00e4n yliopisto", "language": "fi", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Accounting and Corporate Finance", "language": "en", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Laskentatoimi ja yritysrahoitus", "language": "fi", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "dc.type.coar", "value": "http://purl.org/coar/resource_type/c_bdcc", "language": null, "element": "type", "qualifier": "coar", "schema": "dc"}, {"key": "dc.rights.copyright", "value": "\u00a9 The Author(s)", "language": null, "element": "rights", "qualifier": "copyright", "schema": "dc"}, {"key": "dc.rights.accesslevel", "value": "openAccess", "language": null, "element": "rights", "qualifier": "accesslevel", "schema": "dc"}, {"key": "dc.type.publication", "value": "masterThesis", "language": null, "element": "type", "qualifier": "publication", "schema": "dc"}, {"key": "dc.format.content", "value": "fulltext", "language": null, "element": "format", "qualifier": "content", "schema": "dc"}, {"key": "dc.rights.url", "value": "https://creativecommons.org/licenses/by-nc-nd/4.0/", "language": null, "element": "rights", "qualifier": "url", "schema": "dc"}]
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