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Michael Olbrich

Michael Olbrich is professor of business management and chair of the Institute of Auditing at Saarland University, Saarbrücken, Germany.

Articles

Net Present Value, Duration, and CAPM in Light of Investment Theory: A Comment on Kruk

08/11/2021 Quarterly Journal of Austrian Economics Thomas Hering Michael Olbrich David J. Rapp

How should we address uncertainty when using NPV calculations? The answer is rooted in the Austrian school of thought rather than neoclassical finance theory.

Agree or Disagree? On the Role of Negotiations for the Valuation of Business Enterprises

04/15/2019 Quarterly Journal of Austrian Economics Florian Follert Jeffrey M. Herbener Michael Olbrich David J. Rapp

Valuation of businesses must be based on appraisement, investment appraisal, and—terra incognita in Austrian economics—negotiation. Discounted cash flow and "relative valuation" methods are well-suited for negotiation purposes.

Subjectivity, Arbitrariness, Austrian Value Theory, and a Reply to Leithner

07/31/2018 Quarterly Journal of Austrian Economics David J. Rapp Michael Olbrich Christoph Venitz

Contrary to the Austrian community’s former perception, we revealed value investing’s incompatibility with Austrian economics

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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

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