1. Expertises // 2003

    The Effective Tax Burden of Companies in the Extended Alpine Space

    This study presents estimates of the effective tax burden of companies located in 143 regions of eight European countries and the United States. It accompanies a study on the effective tax burden on highly…

  2. ZEW Discussion Paper No. 03-76 // 2003

    Option-Style Multi-Factor Comparable Company Valuation for Practical Use

    Classical single-factor comparable company valuation (CCV) like e.g. valuation using the price-earnings ratio is associated with several shortcomings. The two most important are the non-applicability of negative…