Equity Valuation: Science, Art, or Craft?

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Author :
Publisher : CFA Institute Research Foundation
ISBN 13 : 1944960341
Total Pages : 234 pages
Book Rating : 4.9/5 (449 download)

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Book Synopsis Equity Valuation: Science, Art, or Craft? by : Frank J. Fabozzi

Download or read book Equity Valuation: Science, Art, or Craft? written by Frank J. Fabozzi and published by CFA Institute Research Foundation. This book was released on 2017-12-27 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: The price at which a stock is traded in the market reflects the ability of the firm to generate cash flow and the risks associated with generating the expected future cash flows. The authors point to the limits of widely used valuation techniques. The most important of these limits is the inability to forecast cash flows and to determine the appropriate discount rate. Another important limit is the inability to determine absolute value. Widely used valuation techniques such as market multiples - the price-to-earnings ratio, firm value multiples or a use of multiple ratios, for example - capture only relative value, that is, the value of a firm's stocks related to the value of comparable firms (assuming that comparable firms can be identified). The study underlines additional problems when it comes to valuing IPOs and private equity: Both are sensitive to the timing of the offer, suffer from information asymmetry, and are more subject to behavioral elements than is the case for shares of listed firms. In the case of IPOs in particular, the authors discuss how communication strategies and media hype play an important role in the IPO valuation/pricing process.

Logistics 4.0

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Publisher : CRC Press
ISBN 13 : 1000245101
Total Pages : 369 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Logistics 4.0 by : Turan Paksoy

Download or read book Logistics 4.0 written by Turan Paksoy and published by CRC Press. This book was released on 2020-12-17 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial revolutions have impacted both, manufacturing and service. From the steam engine to digital automated production, the industrial revolutions have conduced significant changes in operations and supply chain management (SCM) processes. Swift changes in manufacturing and service systems have led to phenomenal improvements in productivity. The fast-paced environment brings new challenges and opportunities for the companies that are associated with the adaptation to the new concepts such as Internet of Things (IoT) and Cyber Physical Systems, artificial intelligence (AI), robotics, cyber security, data analytics, block chain and cloud technology. These emerging technologies facilitated and expedited the birth of Logistics 4.0. Industrial Revolution 4.0 initiatives in SCM has attracted stakeholders’ attentions due to it is ability to empower using a set of technologies together that helps to execute more efficient production and distribution systems. This initiative has been called Logistics 4.0 of the fourth Industrial Revolution in SCM due to its high potential. Connecting entities, machines, physical items and enterprise resources to each other by using sensors, devices and the internet along the supply chains are the main attributes of Logistics 4.0. IoT enables customers to make more suitable and valuable decisions due to the data-driven structure of the Industry 4.0 paradigm. Besides that, the system’s ability of gathering and analyzing information about the environment at any given time and adapting itself to the rapid changes add significant value to the SCM processes. In this peer-reviewed book, experts from all over the world, in the field present a conceptual framework for Logistics 4.0 and provide examples for usage of Industry 4.0 tools in SCM. This book is a work that will be beneficial for both practitioners and students and academicians, as it covers the theoretical framework, on the one hand, and includes examples of practice and real world.

Monetary Issues in the Middle East and North Africa Region

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484349032
Total Pages : 176 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Monetary Issues in the Middle East and North Africa Region by : Mr.Simon Gray

Download or read book Monetary Issues in the Middle East and North Africa Region written by Mr.Simon Gray and published by International Monetary Fund. This book was released on 2013-05-10 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents the main themes covered in two seminars (December 2011 and September 2012) on monetary policy and implementation at the IMF—Middle East Center for Economics and Finance, and includes country case studies. Against the backdrop of the global financial crisis and swings in cross-border capital flows, operational frameworks have become more flexible, and liquidity management has impacted the relationship between the policy rate corridor and market rates. The balance sheet structure of central banks in the Middle East and North Africa (MENA) shows differences between oil exporters and others, while a few countries have exhibited notable changes since early 2011. Collateral now has a significant financial stability function. Although only one MENA country is part of the G20, implementation of the Basel III bank capital adequacy and liquidity rules will most likely impact banks’ way of doing business in MENA countries, even if indirectly.

The Poor Always Pay Back

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Author :
Publisher : Kumarian Press
ISBN 13 : 1565492315
Total Pages : 316 pages
Book Rating : 4.5/5 (654 download)

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Book Synopsis The Poor Always Pay Back by : Asif Dowla

Download or read book The Poor Always Pay Back written by Asif Dowla and published by Kumarian Press. This book was released on 2006 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: The success of Grameen Bank and the microcredit movement as a whole has proved the credit worthiness of the poor beyond question. Grameen II shows that the poor, given the opportunity, will save a great deal and will always pay back

Africa's Power Infrastructure

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Publisher : World Bank Publications
ISBN 13 : 0821384554
Total Pages : 352 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Africa's Power Infrastructure by : Orvika Rosnes

Download or read book Africa's Power Infrastructure written by Orvika Rosnes and published by World Bank Publications. This book was released on 2011 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa's Power Infrastructure: Investment, Integration, Efficiency is based on the most extensive data collection exercise ever undertaken on infrastructure in Africa: the Africa Country Infrastructure Country Diagnostic (AICD). Data from this study have provided new insights on the extent of a power crisis in the region, characterized by insufficient capacity, low electricity connection rates, high costs, and poor reliabilityùand on what can be done about it. The continent faces an annual power sector financing gap of about $21 billion, with much of the existing spending channeled to maintain and operate high-cost power systems, leaving little for the huge investments needed to provide a long-term solution. Meanwhile, the power crisis is taking a heavy toll on economic growth and productivity. This book asserts that the current impediments to economic growth and development need to be tackled through policies and investment strategies that renew efforts to reform state-owned utilities, build on the lessons of private participation in infrastructure projects, retarget electrification strategies, expand regional power trade, and mobilize new funding resources. Further development of regional power trade would allow Africa to harness larger-scale and more cost-effective energy sources, reducing energy system costs by US$2 billion and carbon dioxide emissions by 70 million tons annually. But reaping the promise of regional trade depends on a handful of major exporting countries raising the large volumes of finance needed to develop generation capacity for export; it also requires a large number of importing countries to muster the requisite political will. With increased utility efficiency and regional power trade in play, power costs would fall and full cost recovery tariffs could become affordable in much of Africa. This will make utilities more creditworthy and help sustain the flow of external finance to the sector, which is essential to close the huge financing gap.

Natural Disasters

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Author :
Publisher : Pan American Health Org
ISBN 13 : 9275115753
Total Pages : 130 pages
Book Rating : 4.2/5 (751 download)

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Book Synopsis Natural Disasters by : Pan American Health Organization

Download or read book Natural Disasters written by Pan American Health Organization and published by Pan American Health Org. This book was released on 2000 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes statistics.

Freedom in the World 2009

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Publisher : Rowman & Littlefield
ISBN 13 : 9781442201224
Total Pages : 932 pages
Book Rating : 4.2/5 (12 download)

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Book Synopsis Freedom in the World 2009 by : Arch Puddington

Download or read book Freedom in the World 2009 written by Arch Puddington and published by Rowman & Littlefield. This book was released on 2009-10 with total page 932 pages. Available in PDF, EPUB and Kindle. Book excerpt: Freedom in the World, the Freedom House flagship survey whose findings have been published annually since 1972, is the standard-setting comparative assessment of global political rights and civil liberties. The survey ratings and narrative reports on 193 countries and a group of select territories are used by policy makers, the media, international corporations, and civic activists and human rights defenders to monitor trends in democracy and track improvements and setbacks in freedom worldwide. Press accounts of the survey findings appear in hundreds of influential newspapers in the United States and abroad and form the basis of numerous radio and television reports. The Freedom in the World political rights and civil liberties ratings are determined through a multi-layered process of research and evaluation by a team of regional analysts and eminent scholars. The analysts used a broad range of sources of information, including foreign and domestic news reports, academic studies, nongovernmental organizations, think tanks, individual professional contacts, and visits to the region, in conducting their research. The methodology of the survey is derived in large measure from the Universal Declaration of Human Rights, and these standards are applied to all countries and territories, irrespective of geographical location, ethnic or religious composition, or level of economic development.

Tunnel Operations, Maintenance, Inspection, and Evaluation (TOMIE) Manual

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Author :
Publisher : Independently Published
ISBN 13 :
Total Pages : 262 pages
Book Rating : 4.6/5 (682 download)

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Book Synopsis Tunnel Operations, Maintenance, Inspection, and Evaluation (TOMIE) Manual by : Federal Highway Administration

Download or read book Tunnel Operations, Maintenance, Inspection, and Evaluation (TOMIE) Manual written by Federal Highway Administration and published by Independently Published. This book was released on 2020-07-21 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tunnels represent a significant financial investment with challenging design, construction, and operational issues. Tunnels that are not adequately maintained usually require more costly and extensive repairs. To help safeguard tunnel users and to ensure reliable levels of service, the FHWA developed the National Tunnel Inspection Standards (NTIS), the Tunnel Operations Maintenance Inspection and Evaluation (TOMIE) Manual, and the Specifications for National Tunnel Inventory (SNTI). In accordance with the NTIS, this Manual describes methods for improving the safety and performance of roadway tunnel operation, maintenance, inspection, and evaluation programs.

Geology of the San Francisco Bay Region

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Author :
Publisher : Univ of California Press
ISBN 13 : 0520241266
Total Pages : 353 pages
Book Rating : 4.5/5 (22 download)

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Book Synopsis Geology of the San Francisco Bay Region by : Doris Sloan

Download or read book Geology of the San Francisco Bay Region written by Doris Sloan and published by Univ of California Press. This book was released on 2006-06-27 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: "You can't really know the place where you live until you know the shapes and origins of the land around you. To feel truly at home in the Bay Area, read Doris Sloan's intriguing stories of this region's spectacular, quirky landscapes."—Hal Gilliam, author of Weather of the San Francisco Bay Region "This is a fascinating look at some of the world's most complex and engaging geology. I highly recommend this book to anyone interested in an understanding of the beautiful landscape and dynamic geology of the Bay Area."—Mel Erskine, geological consultant "This accessible summary of San Francisco Bay Area geology is particularly timely. We are living in an age where we must deal with our impact on our environment and the impact of the environment on us. Earthquake hazards, and to a lesser extent landslide hazards, are well known, but the public also needs to be aware of other important engineering and environmental impacts and geologic resources. This book will allow Bay Area residents to make more intelligent decisions about the geological issues affecting their lives."—John Wakabayashi, geological consultant

Public Health Significance of Urban Pests

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Author :
Publisher : World Health Organization
ISBN 13 : 9289071885
Total Pages : 293 pages
Book Rating : 4.2/5 (89 download)

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Book Synopsis Public Health Significance of Urban Pests by : Xavier Bonnefoy

Download or read book Public Health Significance of Urban Pests written by Xavier Bonnefoy and published by World Health Organization. This book was released on 2008 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second half of the 20th century and the beginning of the 21st century witnessed important changes in ecology, climate and human behaviour that favoured the development of urban pests. Most alarmingly, urban planners now face the dramatic expansion of urban sprawl, in which city suburbs are growing into the natural habitats of ticks, rodents and other pests. Also, many city managers now erroneously assume that pest-borne diseases are relics of the past. All these changes make timely a new analysis of the direct and indirect effects of present-day urban pests on health. Such an analysis should lead to the development of strategies to manage them and reduce the risk of exposure. To this end, WHO invited international experts in various fields - pests, pest-related diseases and pest management - to provide evidence on which to base policies. These experts identified the public health risk posed by various pests and appropriate measures to prevent and control them. This book presents their conclusions and formulates policy options for all levels of decision-making to manage pests and pest-related diseases in the future. [Ed.]

From Poverty to Power

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Author :
Publisher : Oxfam
ISBN 13 : 0855985933
Total Pages : 540 pages
Book Rating : 4.8/5 (559 download)

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Book Synopsis From Poverty to Power by : Duncan Green

Download or read book From Poverty to Power written by Duncan Green and published by Oxfam. This book was released on 2008 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers a look at the causes and effects of poverty and inequality, as well as the possible solutions. This title features research, human stories, statistics, and compelling arguments. It discusses about the world we live in and how we can make it a better place.

Sustainable Agricultural Mechanization: A Framework for Africa

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Author :
Publisher : Food & Agriculture Org.
ISBN 13 : 9251308713
Total Pages : 150 pages
Book Rating : 4.2/5 (513 download)

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Book Synopsis Sustainable Agricultural Mechanization: A Framework for Africa by : Food and Agriculture Organization of the United Nations

Download or read book Sustainable Agricultural Mechanization: A Framework for Africa written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2019-03-13 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: This framework presents ten interrelated principles/elements to guide Sustainable Agricultural Mechanization in Africa (SAMA). Further, it presents the technical issues to be considered under SAMA and the options to be analysed at the country and sub regional levels. The ten key elements required in a framework for SAMA are as follows: The analysis in the framework calls for a specific approach, involving learning from other parts of the world where significant transformation of the agricultural mechanization sector has already occurred within a three-to-four decade time frame, and developing policies and programmes to realize Africa’s aspirations of Zero Hunger by 2025. This approach entails the identification and prioritization of relevant and interrelated elements to help countries develop strategies and practical development plans that create synergies in line with their agricultural transformation plans. Given the unique characteristics of each country and the diverse needs of Africa due to the ecological heterogeneity and the wide range of farm sizes, the framework avoids being prescriptive.

The Evolution of the Cruise Missile

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Publisher :
ISBN 13 :
Total Pages : 308 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis The Evolution of the Cruise Missile by : Kenneth P. Werrell

Download or read book The Evolution of the Cruise Missile written by Kenneth P. Werrell and published by . This book was released on 1985 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Atomic Layer Deposition for Semiconductors

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Publisher : Springer Science & Business Media
ISBN 13 : 146148054X
Total Pages : 266 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Atomic Layer Deposition for Semiconductors by : Cheol Seong Hwang

Download or read book Atomic Layer Deposition for Semiconductors written by Cheol Seong Hwang and published by Springer Science & Business Media. This book was released on 2013-10-18 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering thorough coverage of atomic layer deposition (ALD), this book moves from basic chemistry of ALD and modeling of processes to examine ALD in memory, logic devices and machines. Reviews history, operating principles and ALD processes for each device.

Equity Asset Valuation

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119104645
Total Pages : 624 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis Equity Asset Valuation by : Jerald E. Pinto

Download or read book Equity Asset Valuation written by Jerald E. Pinto and published by John Wiley & Sons. This book was released on 2015-10-16 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Navigate equity investments and asset valuation with confidence Equity Asset Valuation, Third Edition blends theory and practice to paint an accurate, informative picture of the equity asset world. The most comprehensive resource on the market, this text supplements your studies for the third step in the three-level CFA certification program by integrating both accounting and finance concepts to explore a collection of valuation models and challenge you to determine which models are most appropriate for certain companies and circumstances. Detailed learning outcome statements help you navigate your way through the content, which covers a wide range of topics, including how an analyst approaches the equity valuation process, the basic DDM, the derivation of the required rate of return within the context of Markowitz and Sharpe's modern portfolio theory, and more. Equity investments encompass the buying and holding of shares of stock in the anticipation of collecting income from dividends and capital gains. Determining which shares will be profitable is key, and an array of valuation techniques is applied on today's market to decide which stocks are ripe for investment and which are best left out of your portfolio. Access the most comprehensive equity asset valuation text on the market Leverage detailed learning outcome statements that focus your attention on key concepts, and guide you in applying the material accurately and effectively Explore a wide range of essential topics, such as the free cash flow approach, valuation using Graham and Dodd type concepts of earning power, associated market multiples, and residual income models Improve your study efforts by leveraging the text during your CFA certification program prep Equity Asset Valuation, Third Edition is a comprehensive, updated text that guides you through the information you need to know to fully understand the general analysis of equity investments.

The First Global Integrated Marine Assessment

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1108298842
Total Pages : 978 pages
Book Rating : 4.1/5 (82 download)

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Book Synopsis The First Global Integrated Marine Assessment by : United Nations

Download or read book The First Global Integrated Marine Assessment written by United Nations and published by Cambridge University Press. This book was released on 2017-04-17 with total page 978 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Ocean Assessment - or, to give its full title, The First Global Integrated Marine Assessment - is the outcome of the first cycle of the United Nations' Regular Process for Global Reporting and Assessment of the State of the Marine Environment, including Socioeconomic Aspects. The Assessment provides vital, scientifically-grounded bases for the consideration of ocean issues, including climate change, by governments, intergovernmental agencies, non-governmental agencies and all other stakeholders and policymakers involved in ocean affairs. Together with future assessments and related initiatives, it will support the implementation of the recently adopted 2030 Agenda for Sustainable Development, particularly its ocean-related goals. Moreover, it will also form an important reference text for marine science courses.

Economic Development of Myanmar

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Author :
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9812302115
Total Pages : 305 pages
Book Rating : 4.8/5 (123 download)

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Book Synopsis Economic Development of Myanmar by : Myat Thein

Download or read book Economic Development of Myanmar written by Myat Thein and published by Institute of Southeast Asian Studies. This book was released on 2004 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are a number of excellent studies by eminent Myanmar economists as well as scholars from abroad covering different post-war periods and/or various aspects of development in Myanmar. What this book does is to bring them altogether, as it were, under one roof by recasting bits and pieces of their work according to the author’s own understanding. In doing so, a holistic approach was adopted in order to have a well-rounded account of developments over the past fifty years or more. In addition, an attempt has also been made to present the major developments at different periods of time between 1948 and 2000 in a simple, but not over simplified, reader-friendly format so as to reach as wide an audience as possible. It is the author’s ardent wish that not only students and policy-makers, but Myanmar people in all walks of life will read the book, discuss it, and work together for a better future.