Investment valuation tools and techniques for determining the value of any asset, university edition
The definitive source of information on all topics related to investment valuation tools and techniques Valuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially after...
| Otros Autores: | |
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
Wiley
[2012]
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| Edición: | Third edition |
| Colección: | Wiley finance series.
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009623423806719 |
Tabla de Contenidos:
- Investment Valuation; Contents; CHAPTER 1 Introduction to Valuation; A Philosophical Basis for Valuation; Generalities about Valuation; The Role of Valuation; Conclusion; Questions and Short Problems; CHAPTER 2 Approaches to Valuation; Discounted Cash Flow Valuation; Relative Valuation; Contingent Claim Valuation; Conclusion; Questions and Short Problems; CHAPTER 3 Understanding Financial Statements; The Basic Accounting Statements; Asset Measurement and Valuation; Measuring Financing Mix; Measuring Earnings and Profitability; Measuring Risk; Other Issues in Analyzing Financial Statements
- ConclusionQuestions and Short Problems; CHAPTER 4 The Basics of Risk; What is Risk?; Equity Risk and Expected Return; Alternative Models for Equity Risk; A Comparative Analysis of Equity Risk Models; Models of Default Risk; Conclusion; Questions and Short Problems; CHAPTER 5 Option Pricing Theory and Models; Basics of Option Pricing; Determinants of Option Value; Option Pricing Models; Extensions of Option Pricing; Conclusion; Questions and Short Problems; CHAPTER 6 Market Efficiency-Definition, Tests, and Evidence; Market Efficiency and Investment Valuation; What Is an Efficient Market?
- Implications of Market EfficiencyNecessary Conditions for Market Efficiency; Propositions about Market Efficiency; Testing Market Efficiency; Cardinal Sins in Testing Market Efficiency; Some Lesser Sins That Can Be a Problem; Evidence on Market Efficiency; Time Series Properties of Price Changes; Market Reaction to Information Events; Market Anomalies; Evidence on Insiders and Investment Professionals; Conclusion; Questions and Short Problems; CHAPTER 7 Riskless Rates and Risk Premiums; The Risk-Free Rate; Equity Risk Premium; Default Spreads on Bonds; Conclusion; Questions and Short Problems
- CHAPTER 8 Estimating Risk Parameters and Costs of FinancingThe Cost of Equity and Capital; Cost of Equity; From Cost of Equity to Cost of Capital; Best Practices at Firms; Conclusion; Questions and Short Problems; CHAPTER 9 Measuring Earnings; Accounting versus Financial Balance Sheets; Adjusting Earnings; Conclusion; Questions and Short Problems; CHAPTER 10 From Earnings to Cash Flows; The Tax Effect; Reinvestment Needs; Conclusion; Questions and Short Problems; CHAPTER 11 Estimating Growth; The Importance of Growth; Historical Growth; Analyst Estimates of Growth
- Fundamental Determinants of GrowthQualitative Aspects of Growth; Conclusion; Questions and Short Problems; CHAPTER 12 Closure in Valuation: Estimating Terminal Value; Closure in Valuation; The Survival Issue; Closing Thoughts on Terminal Value; Conclusion; Questions and Short Problems; CHAPTER 13 Dividend Discount Models; The General Model; Versions of the Model; Issues in Using the Dividend Discount Model; Tests of the Dividend Discount Model; Conclusion; Questions and Short Problems; CHAPTER 14 Free Cash Flow to Equity Discount Models; Measuring What Firms Can Return to Their Stockholders
- FCFE Valuation Models
