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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 ...
Pablo Fernández
core   +7 more sources

On Valuation and Risk Management at the Interface of Insurance and Finance [PDF]

British Actuarial Journal, 2002
This 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.
Thomas Møller
semanticscholar   +4 more sources

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
Judy Laux
core   +5 more sources

Optimal Contracting, Corporate Finance, and Valuation with Inalienable Human Capital [PDF]

Journal of Finance, 2019
A risk‐averse entrepreneur with access to a profitable venture needs to raise funds from investors. She cannot indefinitely commit her human capital to the venture, which limits the firm's debt capacity, distorts investment and compensation, and ...
Patrick Bolton, Neng Wang, Jinqiang Yang
openalex   +2 more sources

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
openalex   +5 more sources

Decentralized Finance (DeFi) Projects: A Study of Key Performance Indicators in Terms of DeFi Protocols’ Valuations [PDF]

International Journal of Financial Studies, 2022
Decentralized finance (DeFi) protocols use blockchain-based tools to mimic banking, investment and trading solutions and provide a viable framework that creates incentives and conditions for the development of an alternative financial services market. In
Dominik Metelski, Janusz Sobieraj
openalex   +2 more sources

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
doaj   +3 more sources

A Bayesian Framework for Combining Valuation Estimates [PDF]

arXiv, 2007
Obtaining more accurate equity value estimates is the starting point for stock selection, value-based indexing in a noisy market, and beating benchmark indices through tactical style rotation. Unfortunately, discounted cash flow, method of comparables, and fundamental analysis typically yield discrepant valuation estimates.
Yee, Kenton K.
arxiv   +4 more sources

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
openalex   +7 more sources

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
doaj   +4 more sources