Summary
Internet companies pursue other cashflow-models than the old economy. The new economy doesn’t operate in traditional value-added-chains But for all companies the same evaluation criteria are relevant. The value of a company is determinated by the free cash flow and the capital costs. Because of the advantageous cash flows models the free cash flows of the new economy dominate that of the old economy.
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Steiner, M., Schneider, S. (2001). Bewertung von E-Business Strategien. In: Berndt, R. (eds) E-Business-Management. Herausforderungen an das Management, vol 8. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-56707-0_13
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DOI: https://doi.org/10.1007/978-3-642-56707-0_13
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