Valuation
Valuation plays a fundamental role in many business activities of strategic importance, including mergers and acquisitions, impairment tests, tax rulings, or disputes. We provide valuation services to support you in all of these, using methods from modern Corporate Finance and Econometrics.
DCF analysis. We use discounted cashflow analysis to estimate the value of companies, individual assets or asset portfolios.
Cost of capital and optimal leverage assessment. We estimate your company’s cost of capital considering leverage, exposure to demand and cost risks, interest rates, and other relevant factors.
Regulatory finance. We use methods from regulatory finance to create robust tariff and revenue as well as profit forecasts.
Financeability assessments. We stress test liquidity ratio targets and debt service abilities based on business plan cashflow forecasts.
Regulatory due diligence. We apply our know-how in regulatory economics and regulatory finance to test the fundamentals and outlook of your regulated target acquisitions.
Asset valuation in the context of tax rulings. We give expert opinions that can be fed into proceedings with tax authorities on the valuation of employee shares, non-monetary benefits to staff and other tax-relevant transactions.
Swiss Economics is collaborating with Andersen Global in Switzerland. Your contact person is Dr. Marco Salvi.
Contact
Publications

Need for Adjustment in WACC for Grid and Support Instruments for Renewables
Is there a need for adjustment in the methodology for determining the WACC (Weighted Average Cost of Capital) for Swiss grid operators? How should the WACC for renewables be set?
Weiterlesen …

Blockchain and it's application
Zentrum für Schweizerisches und Internationales Steuerrecht (zsis), 2/2023, S. 41-53
Weiterlesen …

The Four Types of Stablecoins: A Comparative Analysis
Wolfram ChainScience Conference Proceedings [forthcoming]
Weiterlesen …

DeFi Lending Platform Liquidity Risk: The Example of Folks Finance
The Journal of The British Blockchain Association, 6(1)
Weiterlesen …

Financial impact of the Corona pandemic on hospitals
What were the financial implications of the Corona pandemic for Swiss hospitals in 2020? What was the role of the Federal Council's ban on non-urgent interventions from March 16 to April 27, 2020?
Weiterlesen …

Regulatory Systematics for the Fourth Regulatory Period for Electricity Distribution Network Operators (VNB Strom)
Expert report on behalf of the Austrian Economic Chamber (WKÖ)
Weiterlesen …

Benchmarking European Gas Transmission System Operators
Study for CEER (Council of European Energy Regulators)
Weiterlesen …

Determination of the financing cost rate 'WACC' for gas transmission system operators
Expert report for the Austrian Economic Chamber (WKÖ)
Weiterlesen …

Relevanz der Revision - Studie zum Nutzen der Wirtschaftsprüfung in der Schweiz / Pertinence de la Révision - étude sur l'utilité de l'audit en Suisse
Der Schweizer Treuhänder 3/4-2015
Weiterlesen …

Estimating the Financial Impact of Discontinuing Saturday Delivery of Letters and Flats in the United States
In: Postal and Delivery Innovation in the Digital Economy. Edited by M. Crew and T. Brennan, Springer, pp. 155-168
Weiterlesen …

Regulation and the Burden of the Net Cost Resulting from Universal Service Obligations
In: The Role Of The Postal And Delivery Sector In A Digital Age. Edited by M. Crew and T. Brennan, Edward Elgar, pp. 204-213
Weiterlesen …

E-Loyalty determinants and e-loyalty instruments for accommodation and flight services
In: Studien zur Freizeit- und Tourismusforschung. Hrsg: S. Kübelböck and F. Thiele, MetaGIS-Fachbuch, pp. 155-170
Weiterlesen …

Price Regulation and the Financing of Universal Services in Network Industries
Review of Law and Economics 9(1), pp. 125-150
Weiterlesen …

Competition and the social cost of regulation in the postal sector
In: Reforming the Postal Sector in the Face of Electronic Competition. Edited by M. Crew and P.R. Kleindorfer, Edward Elgar, pp. 294-305
Weiterlesen …

Tourists' understanding of sustainable tourism: An analysis in eight countries
In: GSTF Journal on Business Review, Vol. 2, No. 2, p. 219 - 224
Weiterlesen …

Practical approaches to USO costing and financing
Competition and Regulation in Network Industries, 12(2), 108-129
Weiterlesen …

The interaction between universal service costing and financing in the postal sector: a calibrated approach
Journal of Regulatory Economics 39(1), 89-110
Weiterlesen …