Valuation Approaches and Metrics

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Author :
Publisher : Now Publishers Inc
ISBN 13 : 1601980140
Total Pages : 102 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Valuation Approaches and Metrics by : Aswath Damodaran

Download or read book Valuation Approaches and Metrics written by Aswath Damodaran and published by Now Publishers Inc. This book was released on 2005 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Valuation lies at the heart of much of what we do in finance, whether it is the study of market efficiency and questions about corporate governance or the comparison of different investment decision rules in capital budgeting. In this paper, we consider the theory and evidence on valuation approaches. We begin by surveying the literature on discounted cash flow valuation models, ranging from the first mentions of the dividend discount model to value stocks to the use of excess return models in more recent years. In the second part of the paper, we examine relative valuation models and, in particular, the use of multiples and comparables in valuation and evaluate whether relative valuation models yield more or less precise estimates of value than discounted cash flow models. In the final part of the paper, we set the stage for further research in valuation by noting the estimation challenges we face as companies globalize and become exposed to risk in multiple countries.

Understanding Business Valuation

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1945498315
Total Pages : 1936 pages
Book Rating : 4.9/5 (454 download)

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Book Synopsis Understanding Business Valuation by : Gary R. Trugman

Download or read book Understanding Business Valuation written by Gary R. Trugman and published by John Wiley & Sons. This book was released on 2018-01-12 with total page 1936 pages. Available in PDF, EPUB and Kindle. Book excerpt: This fifth edition simplifies a technical and complex area of practice with real-world experience and examples. Expert author Gary Trugman's informal, easy-to-read style, covers all the bases in the various valuation approaches, methods, and techniques. Author note boxes throughout the publication draw on Trugman's veteran, practical experience to identify critical points in the content. Suitable for all experience levels, you will find valuable information that will improve and fine-tune your everyday activities.

Company Valuation and Bankruptcy Prediction

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Publisher : GRIN Verlag
ISBN 13 : 3656543585
Total Pages : 154 pages
Book Rating : 4.6/5 (565 download)

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Book Synopsis Company Valuation and Bankruptcy Prediction by : Jan Klobucnik

Download or read book Company Valuation and Bankruptcy Prediction written by Jan Klobucnik and published by GRIN Verlag. This book was released on 2013-11-18 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2013 in the subject Economics - Finance, grade: summa cum laude, University of Cologne, language: English, abstract: The contribution of this study is manifold and relevant for academics and practitioners alike. It adds to the literature in the fields of corporate finance, financial accounting and stochastic modeling. In particular, this dissertation provides answers to the following questions: given the less efficient markets, can specialists as financial analysts provide additional information, which contain investment value? How can the true value of a company be determined with publicly available data and can discrepancies between fundamental and market values be exploited? Finally, is it possible to assess the firm’s financial health and its likelihood of failure several years into the future? Adressing these questions, the study first illustrates the company valuation assessment by financial analysts as summarized in their target prices and the information processing by analysts and investors in detail. Second, this thesis offers a novel empirical implementation of a model for fundamental company valuation that employs accounting data. In this context it demonstrates severe over- and undervaluation from a fundamental perspective in the U.S. technology sector over the last 20 years. Both the analysts’ company valuation captured by their target prices and the implementation of the fundamental company valuation model translate into significant investment value before and after transaction costs, which supports the notion of non-efficient markets. Finally, one major contribution is to evaluate a new approach for bankruptcy prediction that is based on stochastic processes. It is theoretically appealing and performs better especially for longer forecast horizons than standard methods.

Firm, Equity Asset, and Fixed Income Securities Valuation

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Author :
Publisher : Springer Nature
ISBN 13 : 3031605306
Total Pages : 501 pages
Book Rating : 4.0/5 (316 download)

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Book Synopsis Firm, Equity Asset, and Fixed Income Securities Valuation by : Vusani Moyo

Download or read book Firm, Equity Asset, and Fixed Income Securities Valuation written by Vusani Moyo and published by Springer Nature. This book was released on with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Valuation

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0470889934
Total Pages : 860 pages
Book Rating : 4.4/5 (78 download)

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Book Synopsis Valuation by : McKinsey & Company Inc.

Download or read book Valuation written by McKinsey & Company Inc. and published by John Wiley & Sons. This book was released on 2010-07-16 with total page 860 pages. Available in PDF, EPUB and Kindle. Book excerpt: The number one guide to corporate valuation is back and better than ever Thoroughly revised and expanded to reflect business conditions in today's volatile global economy, Valuation, Fifth Edition continues the tradition of its bestselling predecessors by providing up-to-date insights and practical advice on how to create, manage, and measure the value of an organization. Along with all new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect new developments in corporate finance, changes in accounting rules, and an enhanced global perspective. Valuation, Fifth Edition is filled with expert guidance that managers at all levels, investors, and students can use to enhance their understanding of this important discipline. Contains strategies for multi-business valuation and valuation for corporate restructuring, mergers, and acquisitions Addresses how you can interpret the results of a valuation in light of a company's competitive situation Also available: a book plus CD-ROM package (978-0-470-42469-8) as well as a stand-alone CD-ROM (978-0-470-42457-7) containing an interactive valuation DCF model Valuation, Fifth Edition stands alone in this field with its reputation of quality and consistency. If you want to hone your valuation skills today and improve them for years to come, look no further than this book.

Value in Business

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Author :
Publisher : Springer Nature
ISBN 13 : 3030828980
Total Pages : 514 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Value in Business by : Jeffrey Yi-Lin Forrest

Download or read book Value in Business written by Jeffrey Yi-Lin Forrest and published by Springer Nature. This book was released on 2021-10-22 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses a system-based approach to decipher and organize the concepts and conclusions relevant for creating and capturing value in business. It develops a scientific theory based on systems science and logical reasoning that is commonly employed in mathematics and natural science. The resulting new theory focuses on the organizational nature of the world and the organic and holistic feature of human organizations and their interactions. To this end, this book identifies a few axioms, instead of empirical discoveries, on which it reliably constructs the entire theory.

A Theory of the Firm's Cost of Capital

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Author :
Publisher : World Scientific
ISBN 13 : 9812569499
Total Pages : 105 pages
Book Rating : 4.8/5 (125 download)

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Book Synopsis A Theory of the Firm's Cost of Capital by : Ramesh K. S. Rao

Download or read book A Theory of the Firm's Cost of Capital written by Ramesh K. S. Rao and published by World Scientific. This book was released on 2007 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: The cost of capital concept has myriad applications in business decision-making. The standard methodology for deriving cost of capital estimates is based on the seminal Modigliani-Miller analyses. This book generalizes this framework to include non-debt tax shields (e.g., depreciation), interactions between the borrowing rate and tax shields, and default considerations. It develops several new results and shows how better cost of capital and marginal tax rate estimates can be generated. The book's unified cost of capital theory is discussed with comprehensive numerical examples and graphical illustrations.This book will be of interest to corporate managers, academics, investment bankers, governmental agencies, and private companies that generate cost of capital estimates for public consumption.

Making Sustainability Work

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Publisher : Routledge
ISBN 13 : 1351276425
Total Pages : 346 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Making Sustainability Work by : Marc J. Epstein

Download or read book Making Sustainability Work written by Marc J. Epstein and published by Routledge. This book was released on 2017-09-08 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ultimate "how-to-do-it" guide for corporate leaders, strategists, academics, sustainability consultants, and anyone else with an interest in actually making sustainability work for organizations. An updated edition of a landmark book at a time when a growing number of corporate leaders are asking for urgent help in "getting this done".

A Pragmatic Look at Valuation (Collection)

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Author :
Publisher : FT Press
ISBN 13 : 0133444015
Total Pages : 609 pages
Book Rating : 4.1/5 (334 download)

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Book Synopsis A Pragmatic Look at Valuation (Collection) by : Barbara S. Petitt

Download or read book A Pragmatic Look at Valuation (Collection) written by Barbara S. Petitt and published by FT Press. This book was released on 2014-05-29 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new collection of corporate finance best practices for establishing accurate valuations… 2 authoritative books, now in a convenient e-format, at a great price! 2 authoritative eBooks help you accurately value companies and assets for M&A, restructurings, and key corporate investments Valuation decisions can make or break the success of any merger, acquisition, restructuring, or large-scale corporate investment. Few areas of finance are so important -- or so challenging. This unique 2 eBook package brings together comprehensive and up-to-date guidance for arriving at valuations you can rely upon. Valuation: Methods and Models in Applied Corporate Finance is focused entirely on achieving useful results -- avoiding ivory-tower theory you don't need and elementary material you already know. George Chacko and Carolyn L. Evans present a 100% practical and rigorous approach to conducting valuation. Step-by-step, they address the projection of financial statements, calculating free cash flows, risk-adjusted cost of capital, and several leading methodologies, including WACC, flow-to-equity, and APV. Throughout, each concept is explained with realistic examples, and demonstrated with accessible math. No previous mathematical understanding is required beyond basic algebra, probability, and statistics: wherever more advanced math is required, the authors explain it fully. Next, in Valuation for Mergers and Acquisitions, Second Edition, Barbara S. Petitt and Kenneth R. Ferris present a complete, practitioner-oriented view of valuation in the context of M&A and corporate restructurings. Petitt and Ferris guide you through performing a target's financial review, developing forecasts, and assessing the sensitivity of these forecasts to key assumptions. You'll review both traditional and alternative valuation methods, from the basic P/E ratio to a wide range of discounted cash flow models, economic value analysis, and real option analyses. The authors also address closely-related issues such as accounting, financial reporting, and tax considerations. Throughout, you'll find realistic advice for making more informed choices, handling common dilemmas, and overcoming common errors -- all illuminated with real-world examples and illustrations. Whatever your role in establishing valuations or making corporate investment decisions, this collection will help you reduce your risks and improve your performance. From world-renowned valuation experts George Chacko, Carolyn L. Evans, Barbara S. Petitt, and Kenneth R. Ferris

Litigation Services Handbook

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119363187
Total Pages : 1630 pages
Book Rating : 4.1/5 (193 download)

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Book Synopsis Litigation Services Handbook by : Roman L. Weil

Download or read book Litigation Services Handbook written by Roman L. Weil and published by John Wiley & Sons. This book was released on 2017-04-05 with total page 1630 pages. Available in PDF, EPUB and Kindle. Book excerpt: The comprehensive "bible" for financial experts providing litigation support The Litigation Services Handbook is the definitive guide for financial experts engaged in litigation services. Attorneys require financial experts now more than ever, and this book provides the guidance you need to provide a high level of service as witness and consultant. Enhance your litigation skills as you delve into the fine points of trial preparation, deposition, and testimony; project authority under examination, and hold up to tough questions under cross-examination. Fraud investigations are a major component of litigation support services, and this book delves deep into Sarbanes-Oxley compliance and other relevant topics to give you a foundational understanding of how these cases are prosecuted, and your role as the financial services expert. This updated sixth edition includes new coverage of technology's role in the financial expert's practice, and the focus on investigations provides practical insight from leading experts in the field. From the process itself to proving damages, this indispensable reference covers all aspects of litigation services. Providing litigation support requires more than just your financial expertise; you also need a working knowledge of relevant case law, and a deep understanding of both the litigation process and the finer points of courtroom appearances. This book provides the insight and perspective you need to provide superior service to attorneys and their clients. Understand your role in trial preparation and testimony presentation Provide authoritative responses to direct and cross examination Examine and analyze Sarbanes-Oxley rulings Lend financial expertise to fraud investigations The growing demand for financial expert litigation services has created a niche market for CPAs, creating a lucrative opportunity for qualified accountants who also possess the specialized knowledge the role requires. The Litigation Services Handbook is THE essential guide for anyone involved in financial litigation.

Financial Valuation

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Publisher : John Wiley & Sons
ISBN 13 : 1119880939
Total Pages : 1527 pages
Book Rating : 4.1/5 (198 download)

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Book Synopsis Financial Valuation by : James R. Hitchner

Download or read book Financial Valuation written by James R. Hitchner and published by John Wiley & Sons. This book was released on 2024-12-05 with total page 1527 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive guide to the theory and application of valuation, along with useful models, tools, and tips for analysts Financial Valuation: Applications and Models provides authoritative reference and practical guidance on the appropriate, defensible way to prepare and present business valuations. With contributions by 30 top experts in the field, this updated edition provides an essential resource for those seeking the most up-to-date methods, with a strong emphasis on applications and models. Coverage includes the latest approaches to the valuation of closely held businesses, nonpublic entities, intangibles, and other assets, with comprehensive discussion on valuation theory, a consensus view on application, and the tools to make it happen. This 5th edition has been revised throughout, introducing new and extended coverage of essential topics like: S Corps, discounts for lack of marketability, cost of capital resources, cash flow methods, depositions and trials, and more. Packed with examples, checklists, and models to help navigate valuation projects, this book is an excellent practical tool for working professionals. It also provides hundreds of expert tips and best practices in clear, easy-to-follow language. The companion website provides access to extensive appendix materials, and the perspectives of valuation thought leaders add critical insight. Learn the art and science of estimating the value of businesses, including closely held businesses and nonpublic entities Determine the monetary value of intangible assets like goodwill, intellectual property, and brand recognition Update your knowledge with the latest valuation methods, approaches, and tools Use checklists, templates, models, and examples to make your valuations easier Business valuation analysts, CPAs, appraisers, and attorneys—as well as anyone aspiring to those careers—will appreciate the comprehensive theory and thorough practical guidance in Financial Valuation: Applications and Models.

Code Halos

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Publisher : John Wiley & Sons
ISBN 13 : 1118862074
Total Pages : 256 pages
Book Rating : 4.1/5 (188 download)

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Book Synopsis Code Halos by : Malcolm Frank

Download or read book Code Halos written by Malcolm Frank and published by John Wiley & Sons. This book was released on 2014-04-07 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Harness "Code Halos" to gain competitive advantage in the digital era Amazon beating Borders, Netflix beating Blockbuster, Apple beating Kodak, and the rise of companies like Google, LinkedIn, and Pandora are not isolated or random events. Today's outliers in revenue growth and value creation are winning with a new set of rules. They are dominating by managing the information that surrounds people, organizations, processes, and products—what authors Malcolm Frank, Paul Roehrig, and Ben Pring call Code Halos. This is far beyond “Big Data” and analytics. Code Halos spark new commercial models that can dramatically flip market dominance from industry stalwarts to challengers. In this new book, the authors show leaders how digital innovators and traditional companies can build Code Halo solutions to drive success. The book: Examines the explosion of digital information that now surrounds us and describes the profound impact this is having on individuals, corporations, and societies; Shows how the Crossroads Model can help anticipate and navigate this market shift; Provides examples of traditional firms already harnessing the power of Code Halos including GE's "Brilliant Machines," Disney's theme park "Magic Band," and Allstate's mobile devices and analytics that transform auto insurance. With reasoned insight, new data, real-world cases, and practical guidance, Code Halos shows seasoned executives, entrepreneurs, students, line-of-business owners, and technology leaders how to master the new rules of the Code Halo economy.

Value and Capital Management

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118774639
Total Pages : 724 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis Value and Capital Management by : Thomas C. Wilson

Download or read book Value and Capital Management written by Thomas C. Wilson and published by John Wiley & Sons. This book was released on 2015-08-31 with total page 724 pages. Available in PDF, EPUB and Kindle. Book excerpt: A value management framework designed specifically for banking and insurance The Value Management Handbook is a comprehensive, practical reference written specifically for bank and insurance valuation and value management. Spelling out how the finance and risk functions add value in their respective spheres, this book presents a framework for measuring – and more importantly, influencing – the value of the firm from the position of the CFO and CRO. Case studies illustrating value-enhancing initiatives are designed to help Heads of Strategy offer CEOs concrete ideas toward creating more value, and discussion of "hard" and "soft" skills put CFOs and CROs in a position to better influence strategy and operations. The challenge of financial services valuation is addressed in terms of the roles of risk and capital, and business-specific "value trees" demonstrate the source of successful value enhancement initiatives. While most value management resources fail to adequately address the unique role of risk and capital in banks, insurance, and asset management, this book fills the gap by providing concrete, business-specific information that connects management actions and value creation, helping readers to: Measure value accurately for more productive value-based management initiatives and evaluation of growth opportunities Apply a quantitative, risk-adjusted value management framework reconciled with the way financial services shares are valued by the market Develop a value set specific to the industry to inspire initiatives that increase the firm's value Study the quantitative and qualitative management frameworks that move CFOs and CROs from measurement to management The roles of CFO and CRO in financial firms have changed dramatically over the past decade, requiring business savvy and the ability to challenge the CEO. The Value Management Handbook provides the expert guidance that leads CFOs and CROs toward better information, better insight, and better decisions.

The Economics of Ecosystems and Biodiversity in Business and Enterprise

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Author :
Publisher : Routledge
ISBN 13 : 1136497137
Total Pages : 298 pages
Book Rating : 4.1/5 (364 download)

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Book Synopsis The Economics of Ecosystems and Biodiversity in Business and Enterprise by : Joshua Bishop

Download or read book The Economics of Ecosystems and Biodiversity in Business and Enterprise written by Joshua Bishop and published by Routledge. This book was released on 2013-06-17 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a product of the TEEB study (The Economics of Ecosystems and Biodiversity). It provides important evidence of growing corporate concern about biodiversity loss and offers examples of how leading companies are taking action to conserve biodiversity and to restore ecosystems. This book reviews indicators and drivers of biodiversity loss and ecosystem decline, and shows how these present both risks and opportunities to all businesses. It examines the changing preferences of consumers for nature-friendly products and services, and offers examples of how companies are responding. The book also describes recent initiatives to enable businesses to measure, value and report their impacts and dependencies on biodiversity and ecosystem services. The authors review a range of practical tools to manage biodiversity risks in business, with examples of how companies are using these tools to reduce costs, protect their brands and deliver real business value. The book also explores the emergence of new business models that deliver biodiversity benefits and ecosystem services on a commercial basis, the policy enabling frameworks needed to stimulate investment and entrepreneurship to realize such opportunities, and the obstacles that must be overcome. The book further examines how businesses can align their actions in relation to biodiversity and ecosystem services with other corporate responsibility initiatives, including community engagement and poverty reduction. Finally, the book concludes with a summary and recommendations for action.

The Business of Good People

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Author :
Publisher : Diamond Pocket Books Pvt Ltd
ISBN 13 :
Total Pages : 175 pages
Book Rating : 4.1/5 (288 download)

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Book Synopsis The Business of Good People by : Dr. Raghu Korrapati

Download or read book The Business of Good People written by Dr. Raghu Korrapati and published by Diamond Pocket Books Pvt Ltd. This book was released on 2014-10-28 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is civilization if not a vast and interlinked network of human relationships? With 'The Business of People', Dr Raghu sets out to teach the reader how to make these relationships healthy and mutually beneficial. The book manages to do that with a lot of flair. It also abounds in anecdotes that will often put a smile on the reader's face as he/she simultaneously marvels at the extraordinary mind of the author. Dr. Raghu discusses certain characteristics that we all understand but fail to recognise their importance like punctuality, humility, politeness, rationality, prudence, self-supervision, persistence, apologising, assertiveness, taking the initiative, and sense of humour among others. The points discussed by Dr. Korrapati are in tune with the National Skill Development Board, an initiative of the Prime Minister to improve employable skills among Indian youth.

Financial Institutions, Valuations, Mergers, and Acquisitions

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0471046337
Total Pages : 457 pages
Book Rating : 4.4/5 (71 download)

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Book Synopsis Financial Institutions, Valuations, Mergers, and Acquisitions by : Zabihollah Rezaee

Download or read book Financial Institutions, Valuations, Mergers, and Acquisitions written by Zabihollah Rezaee and published by John Wiley & Sons. This book was released on 2004-03-29 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE DEFINITIVE GUIDE TO NAVIGATING TODAY'S FINANCIAL SERVICES INDUSTRY From "one-stop shopping" for financial services to major structural shifts within the industry, rapid changes in information technology, trends toward business combinations, statutory laws, and global competition have contributed to breaking down the geographic and product barriers that once separated traditional financial institutions from other financial entities. This complete authoritative resource is designed for all financial professionals involved in business valuations, mergers, and acquisitions, and includes: * How operations are regulated * How organizations are valued and why they merge * Related accounting standards * Merger and acquisition processes * The Gramm-Leach-Bliley Financial Modernization Act of 1999 * Target bank analysis and tax requirements . . . and much more. Written by an expert in the field, Financial Institutions, Valuations, Mergers, and Acquisitions is an essential tool for keeping up with the increasing and crucial changes in the financial services industry.

Approaches and Processes for Managing the Economics of Information Systems

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Author :
Publisher : IGI Global
ISBN 13 : 1466649844
Total Pages : 449 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Approaches and Processes for Managing the Economics of Information Systems by : Tsiakis, Theodosios

Download or read book Approaches and Processes for Managing the Economics of Information Systems written by Tsiakis, Theodosios and published by IGI Global. This book was released on 2014-01-31 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book explores the value of information and its management by highlighting theoretical and empirical approaches in the economics of information systems, providing insight into how information systems can generate economic value for businesses and consumers"--Provided by publisher.