Results 331 to 340 of about 1,052,797 (378)

Valuation and Efficiency in the Market for Creatively Financed Houses

Real Estate Economics, 1985
This paper examines two alternative approaches to valuing the impact of creative financing on housing prices. The cash equivalence adjustment which is the generally accepted approach is compared to an approach known as the financed fee valuation adjustment which is argued to be theoretically superior.
M. Chapman Findlay, Arthur L. Schwartz, David Dale-Johnson, Stephen D. Kapplin   +3 more
openaire   +2 more sources

EQUITY VALUATION EFFECTS OF WARRANT‐DEBT FINANCING

Journal of Financial Research, 1991
AbstractStock price reactions to warrant‐debt unit financing announcements are examined and a significant two‐day average abnormal return of −1.32 percent is found. The negative average abnormal return is similar to that observed for convertible debt financing announcements in previous research.
Katherine L. Phelps, Rodney L. Roenfeldt, William T. Moore   +2 more
openaire   +2 more sources

SKEWNESS PREFERENCE AND THE VALUATION OF RISK ASSETS

, 1976
contributions to portfolio analysis have been based on the two parameter (meanvariance) model of portfolio selection. Markowitz's normative theory provides the basis for the positive theory of the valuation of risk assets developed by Sharpe [38] and ...
A. Kraus, R. Litzenberger
semanticscholar   +1 more source

Investment valuation model for sustainable infrastructure systems

Engineering Construction and Architectural Management, 2019
Purpose The purpose of this paper is to develop an investment valuation model using the mezzanine debt mechanism based on blue bonds that explicitly allude to public–private partnerships (P3s) and project finance (PF).
Juan David González-Ruíz, Alejandro Arboleda, S. Botero, J. Rojo   +3 more
semanticscholar   +1 more source

Damodaran on Valuation: Security Analysis for Investment and Corporate Finance

, 1994
Approaches to Valuation. Estimation of Discount Rates. Estimation of Cash Flows. Estimation of Growth Rates. Dividend--Discount Models. Free--Cash--Flow--to--Equity Discount Models. Valuing a Firm--The Free--Cash--Flow--to--Firm Approach.
A. Damodaran
semanticscholar   +1 more source

An overview of project finance binomial loan valuation

Review of Financial Economics, 2009
AbstractSetting project financing parameters, such as the loan to valuation ratio, loan interest rate, repayment schedules, and fees, requires detailed modelling of the resulting credit risk in a non‐recourse setting. Structured credit risk models, based on the early work of Merton, have been developed in continuous time which can assist with project ...
openaire   +2 more sources

Bank Financing: A Blessing or Curse on Firm Valuation?

SSRN Electronic Journal, 2011
Bank financing reduces information friction and has several other contractual benefits for the borrowing firms. There is also cost to this relationship which is the hold-up problem. With hold-up, banks can charge non-competitive rate to relationship borrowers.
openaire   +2 more sources

Market valuation of real estate finance mergers: a note

Journal of Property Investment & Finance, 2006
PurposeReal estate finance institutions as well as the mortgage banking landscape have undergone a profound restructuring since the late 1980s. This study seeks to examine the value implications of 69 domestic and cross‐border merger and acquisition (M&A) deals of exchange‐listed real estate finance institutions.Design/methodology/approachTo ...
Dirk Schiereck, M. Kirchhoff, M. Mentz
openaire   +2 more sources

Valuation Risk, Control and the Public Financing of Entrepreneurial Firms

SSRN Electronic Journal, 2008
Entrepreneurial firms seeking public financing are typically intrinsically difficult to value, and investors are subject to valuation risk. Public firms, motivated by profitable acquisition opportunities, compete with stock markets (i.e., IPOs) in evaluating and financing such firms.
Praveen Kumar, Hadiye Aslan
openaire   +2 more sources

Real Options Valuation Tools in Corporate Finance

2010
In Chapter 4 the most common valuation methods for real options are presented in theory. These tools are implemented in the computer simulation program and will be used in Chapter 5 to price various real options by applying a non-constant interest rate which is modelled via the term structure models introduced in the previous chapter.
openaire   +2 more sources