Produktbild: Investment Valuation

Investment Valuation Tools and Techniques for Determining the Value of Any Asset

Aus der Reihe Wiley Finance Editions

Fr. 170.00

inkl. gesetzl. MwSt., Versandkostenfrei


Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

16.05.2012

Verlag

John Wiley & Sons Inc

Seitenzahl

992

Maße (L/B/H)

25.9/17.7/4.2 cm

Gewicht

1686 g

Auflage

3. Auflage

Sprache

Englisch

ISBN

978-1-118-01152-2

Beschreibung

Rezension

"Aswath Damodaran s work is always worth reading.... For investors and students of the financial markets who want to embark on serious fundamental analysis, it is critical to understand how to go about valuing stocks and other instruments. There is no short cut.... Damodaran s Investment Valuation explains the hard work part." ( Seeking Alpha , May 2012)

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

16.05.2012

Verlag

John Wiley & Sons Inc

Seitenzahl

992

Maße (L/B/H)

25.9/17.7/4.2 cm

Gewicht

1686 g

Auflage

3. Auflage

Sprache

Englisch

ISBN

978-1-118-01152-2

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  • Produktbild: Investment Valuation
  • CHAPTER 1 Introduction to Valuation 1
     
    A Philosophical Basis for Valuation 1
     
    Generalities about Valuation 2
     
    The Role of Valuation 6
     
    Conclusion 9
     
    Questions and Short Problems 9
     
    CHAPTER 2 Approaches to Valuation 11
     
    Discounted Cash Flow Valuation 11
     
    Relative Valuation 19
     
    Contingent Claim Valuation 23
     
    Conclusion 25
     
    Questions and Short Problems 25
     
    CHAPTER 3 Understanding Financial Statements 27
     
    The Basic Accounting Statements 27
     
    Asset Measurement and Valuation 29
     
    Measuring Financing Mix 36
     
    Measuring Earnings and Profitability 42
     
    Measuring Risk 47
     
    Other Issues in Analyzing Financial Statements 53
     
    Conclusion 55
     
    Questions and Short Problems 55
     
    CHAPTER 4 The Basics of Risk 58
     
    What is Risk? 58
     
    Equity Risk and Expected Return 59
     
    Alternative Models for Equity Risk 71
     
    A Comparative Analysis of Equity Risk Models 76
     
    Models of Default Risk 77
     
    Conclusion 81
     
    Questions and Short Problems 82
     
    CHAPTER 5 Option Pricing Theory and Models 87
     
    Basics of Option Pricing 87
     
    Determinants of Option Value 89
     
    Option Pricing Models 90
     
    Extensions of Option Pricing 107
     
    Conclusion 109
     
    Questions and Short Problems 109
     
    CHAPTER 6 Market Efficiency--Definition, Tests, and Evidence 111
     
    Market Efficiency and Investment Valuation 111
     
    What Is an Efficient Market? 112
     
    Implications of Market Efficiency 112
     
    Necessary Conditions for Market Efficiency 114
     
    Propositions about Market Efficiency 114
     
    Testing Market Efficiency 116
     
    Cardinal Sins in Testing Market Efficiency 120
     
    Some Lesser Sins That Can Be a Problem 121
     
    Evidence on Market Efficiency 122
     
    Time Series Properties of Price Changes 122
     
    Market Reaction to Information Events 130
     
    Market Anomalies 134
     
    Evidence on Insiders and Investment Professionals 142
     
    Conclusion 149
     
    Questions and Short Problems 150
     
    CHAPTER 7 Riskless Rates and Risk Premiums 154
     
    The Risk-Free Rate 154
     
    Equity Risk Premium 159
     
    Default Spreads on Bonds 177
     
    Conclusion 180
     
    Questions and Short Problems 180
     
    CHAPTER 8 Estimating Risk Parameters and Costs of Financing 182
     
    The Cost of Equity and Capital 182
     
    Cost of Equity 183
     
    From Cost of Equity to Cost of Capital 210
     
    Best Practices at Firms 221
     
    Conclusion 222
     
    Questions and Short Problems 223
     
    CHAPTER 9 Measuring Earnings 229
     
    Accounting versus Financial Balance Sheets 229
     
    Adjusting Earnings 230
     
    Conclusion 247
     
    Questions and Short Problems 249
     
    CHAPTER 10 From Earnings to Cash Flows 250
     
    The Tax Effect 250
     
    Reinvestment Needs 258
     
    Conclusion 268
     
    Questions and Short Problems 269
     
    CHAPTER 11 Estimating Growth 271
     
    The Importance of Growth 272
     
    Historical Growth 272
     
    Analyst Estimates of Growth 282
     
    Fundamental Determinants of Growth 285
     
    Qualitative Aspects of Growth 301
     
    Conclusion 302
     
    Questions and Short Problems 302
     
    CHAPTER 12 Closure in Valuation: Estimating Terminal Value 304
     
    Closure in Valuation 304
     
    The Survival Issue 318
     
    Closing Thoughts on Terminal Value 320
     
    Conclusion 321
     
    Questions and Short Problems 32