The valuation handbook valuation techniques from today's top practitioners
The definitive guide to valuation written by a who's who oftoday's top practitioners <i>The Valuation Handbook</i> differs significantly from otherrelated books on this topic because the contributors arepractitioners, academics, and investment firms that explain howthey value...
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| Otros Autores: | |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, NJ :
Wiley
c2010.
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| Edición: | 1st edition |
| Colección: | Wiley finance series ;
480. |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009627457506719 |
Tabla de Contenidos:
- The Valuation Handbook: Valuation Techniques from Today's Top Practitioners; Contents; Preface; VALUATIONS ARE IMPORTANT; VALUATION CHALLENGES: WHICH TECHNIQUES TO APPLY; CONTRIBUTORS; CHAPTER SUMMARIES; Chapter 1: Two Frameworks for Understanding Valuation Models; TOP-DOWN/BOTTOM-UP ANALYSIS; LIFE CYCLE; FIRMS; CONCLUSION; NOTES; Chapter 2: The Value Edge: Reap the Advantage of Disciplined Techniques; VALUATION DECISIONS ARE MADE DIFFERENTLY BY DIFFERENT PEOPLE; TECHNIQUES OF COMMUNICATING VALUE CAN DEMONSTRATE A COMMITMENT TO VALUE BUILDING
- ANALYSTS BEWARE: ONCE-SUCCESSFUL PUBLIC COMPANIES CAN LOSE THEIR WAYINCENTIVE COMPENSATION TECHNIQUES BASED ON VALUE ARE BETTER; VALUATION TECHNIQUES FOR PRIVATE COMPANIES ARE ALSO MORE DATA DRIVEN; ESTIMATES OF VALUE MAY DIFFER DEPENDING ON DATA INTEGRITY; FINANCE THEORY AND CORPORATE VALUE; THE VALUE EDGE BEGINS AT THE STRATEGIC BUSINESS UNIT LEVEL; THE WATERFALL OF VALUE I DENTIFIES VALUE CREATORS AND DESTROYERS; BETTER VALUATION FRAMEWORKS PROVIDE DISCIPLINE; THE VALUE JOURNEY HAS MANY STEPS ALONG THE WAY; ACKNOWLEDGMENTS; REFERENCES
- Chapter 3: Applying a Systems Mindset to Stock ValuationCHOICE 1: A SYSTEMS MINDSET; CHOICE 2: FIRMS' COMPETITIVE LIFE CYCLE; CHOICE 3: INFLATION ADJUSTMENTS AND ECONOMIC RETURNS; CHOICE 4: DENOMINATOR DEPENDS ON THE NUMERATOR; CHOICE 5: INSIGHTS AND PLAUSIBILITY JUDGMENTS; BACK TO THE FUTURE; SEARCHING FOR FAILURES AND SUCCESSES; CONCLUSION; NOTES; REFERENCES; Chapter 4: Comparing Valuation Models; LITERATURE REVIEW; BRIEF DESCRIPTION OF THE VALUATION MODELS THAT ARE COMPARED; AN EXPERT SYSTEM THAT DOES VALUATION; GOODNESS OF FIT: INITIAL SAMPLE (1,395 VALUATIONS 1993 TO 2000)
- TESTS OF DCF IN A HOLDOUT SAMPLE (NEW SAMPLE 2000-2008)CONVERGENCE TESTS; STRAW MAN HORSE RACES (COMPARISON OF THREE MODELS); CONVERGENCE; CONCLUSION; NOTES; REFERENCES; Chapter 5: Developing an Automated Discounted Cash Flow Model; MODELS EXAMINED; DATA AND INITIAL PARAMETERIZATION; MEASUREMENT PRINCIPLES; PROPRIETARY MODELS; CONCLUSION; APPENDIX: ACADEMIC LITERATURE; NOTES; REFERENCES; Chapter 6: The Essence of Value-Based Finance; INTRODUCING VALUE-BASED FINANCE (A TRANSITION FROM ACCOUNTING TO ECONOMICS); VALUATION PERSPECTIVES: ECONOMIC PROFIT AND MARKET VALUE ADDED
- VALUATION PERSPECTIVES: THE MAGNIFIERVALUATION PERSPECTIVES: FINANCIAL DRIVERS AND VALUE PROFIT MARGIN; VALUE ANALYSIS: THE PROPER FOCUS; NOTE; Chapter 7: Residual Income and Stock Valuation Techniques: Does It Matter Which One You Use?; ECONOMIC VALUE ADDED (EVA); RESIDUAL INCOME METHOD OF VALUATION; ABNORMAL EARNINGS GROWTH MODEL; NUMERICAL EXAMPLE OF RI AND AEG; CONCLUSION; NOTES; REFERENCES; Chapter 8: Modern Tools for Valuation: Providing the Investment Community with Better Tools for Investment Decisions; IDENTIFYING THE PROBLEM; WHAT DRIVES STOCK MARKET VALUATION?
- OUR VALUATION METHODOLOGY-PROVIDING A SOLUTION
