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The equity premium in finance and valuation textbooks [PDF]
SSRN Electronic Journal, 2006 This paper is a review of the recommendations about the equity premium found in the main finance and valuation textbooks. We review several editions of books written by authors such as Brealey and Myers; Copeland, Koller and Murrin (McKinsey); Ross ...
Fernandez, Pablo
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Topics In Finance Part IV - Valuation [PDF]
American Journal of Business Education (AJBE), 2010 This article looks at security valuation from the perspective of the financial manager, accenting the relationships to stockholder wealth maximization (SWM), risk and return, and potential agency problems. It also covers some of the pertinent literature
Laux, Judy
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Valuation with mixed financing strategies [PDF]
Business Research, 2020 AbstractIn corporate valuation, it is common to assume either passive or active debt management. However, it is questionable whether these pure financing policies reflect the real financing policies of firms with a sufficient degree of accuracy. This shortcoming has led to the development of mixed financing strategies as combinations of pure financing ...
Stefan Dierkes, Imke de Maeyer
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MEASURING VALUATION UNCERTAINTY: A PCA APPROACH [PDF]
Applied Finance Letters, 2023 Determining which companies are more difficult to value is a topic of significant interest in finance. Prior studies have employed many univariate proxies for valuation uncertainty to classify firms into high- and low-valuation uncertainty groups.
John Garcia
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On Valuation and Risk Management at the Interface of Insurance and Finance [PDF]
British Actuarial Journal, 2002 ABSTRACTThis paper reviews methods for hedging and valuation of insurance claims with an inherent financial risk, with special emphasis on quadratic hedging approaches and indifference pricing principles and their applications in insurance. It thus addresses aspects of the interplay between finance and insurance, an area which has gained considerable ...
Thomas Møller
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Structured climate financing: valuation of CDO on inhomogeneous asset pools [PDF]
SN Business & Economics, 2021 AbstractRecently, a number of structured funds have emerged as public-private partnerships with the intent of promoting investment in renewable energy in emerging markets. These funds seek to attract institutional investors by tranching the asset pool and issuing senior notes with a high credit quality.
Natalie Packham
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Costly Financing, Optimal Payout Policies and the Valuation of Corporate Debt [PDF]
SSRN Electronic Journal, 2000 We present a cash-flow based model of corporate debt valuation that incorporates two novel features. First, we allow for the separation and optimal determination of the firm's debt-service and dividend policies; in particular, the firm is allowed to maintain cash reserves to meet future debt obligations.
Viral V. Acharya +3 more
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Pricing and Applications of Digital Installment Options [PDF]
Journal of Applied Mathematics, 2012 For its theoretical interest and strong impact on financial markets, option valuation is considered one of the cornerstones of contemporary mathematical finance.
Pierangelo Ciurlia, Andrea Gheno
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Functional business valuation – purpose is king! [PDF]
Managerial EconomicsIn the present contribution, we discuss the basic principles of functional business valuation. In addition to a distinction between objective and subjective valuation theory, the differences between finance-theoretical and investment-theoretical ...
Christian Toll, Thomas Hering
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, 2017 This tutorial is devoted to the practical application of the theory learned by the student, the textbooks in corporate Finance. Elaborate and carefully understand the main topics associated with the valuation from the examination of the accounts before rating to approaches to assessment. Describes only the new and relevant in modern appraisal practice,
Семен Богатырев +1 more
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