Results 101 to 110 of about 33,187 (225)

The bank capital requirement and information asymmetry [PDF]

This paper recognizes two main factors that cause the capital requirement to affect the weighted average cost of capital and hence the investment behavior of banks: underpriced debt resulting from the deposit insurance and information asymmetry between ...
Sangkyun Park
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GDP vs EVA as an Economic Indicator [PDF]

This article discusses the limits and charactristics of GDP as economic indicator and suggests that an Economic Value Added (EVA®) approach would be more accurate and appropriate to measure macroeconomic performance.
Cachanosky, Nicolas
core   +1 more source

Most common errors in company valuation [PDF]

This paper contains a collection and a classification of the 12 most common errors seen in company valuations performed by financial analysts, investment banks and financial consultants. The author had access to most of the valuations referred to in this
Fernandez, Pablo
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EVA, Economic profit and cash value added do NOT measure shareholder value creation [PDF]

We analyze 582 American companies using EVA, MVA, NOPAT and WACC data provided by Stern Stewart. For each of the 582 companies, we have calculated the 10-year correlation between the increase in the MVA (Market Value Added) each year and each year's EVA,
Fernández, Pablo
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PATRIMONIAL RESOURCES’ MANAGEMENT AND EFFECTS ON THE ECONOMIC VALUE ADDED [PDF]

. The core elements of one firm’s existence as the patrimonial situation andperformance, are related in a great measure by the business strategy adopted, the economicenvironment in which it is operating and the way of resources’ management.
Camelia Burja“1 Decembrie 1918†University of Alba Iulia, Vasile Burja“1 Decembrie 1918†University of Alba Iulia   +1 more
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A Tutorial on the Discounted Cash Flow Model for Valuation of Companies [PDF]

All steps of the discounted cash flow model are outlined. Essential steps are: calculation of free cash flow, forecasting of future accounting data (income statements and balance sheets), and discounting of free cash flow. There is particular emphasis on
Jennergren, L. Peter
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DCF = APV + (FTE & TCF & WACC)?

, 2003
Die frühesten Arbeiten von Jochen Drukarczyk zur Unternehmensbewertung sind noch keine zehn Jahre alt. Sie stammen aus dem Jahre 1995. Die erste Auflage seiner einschlägigen Monographie erschien 1996. Seitdem äußert er sich nachhaltig zum Thema Unternehmensbewertung und ist zum gefragten Referenten auf einschlägigen Fachtagungen und Seminaren avanciert.
Kruschwitz, Lutz, Löffler, Andreas
openaire   +1 more source

Cost of capital and the double moderating effects of firm age and audit lag: evidence from Thailand’s MAI market

Future Business Journal
This study examines how audit-related characteristics influence firms’ financing costs within an emerging market context. Specifically, the study investigates the effects of audit opinion, auditor type, audit lag, and financial indicators on the weighted
Wachira Boonyanet, Pavinee Manowan, Kittisak Jangphanish   +2 more
doaj   +1 more source

On the optimal equity ratio: Pinning the anchor

International Review of Economics & Finance
This paper develops a theoretically grounded and empirically tested model to identify the optimal equity ratio of firms. The ratio is determined by two binding conditions: minimizing the weighted average cost of capital (WACC) and fully covering ...
Dirk Loehr
doaj   +1 more source

AN ANALYSIS OF ALTERNATIVE NET PRESENT VALUE CAPITAL INVESTMENT DECISION MODELS [PDF]

We have found that the disagreement between Returns-to-Assets (RTA) and Returns-to-Equity (RTE) proponents is not confined to agricultural economics. Depending on the course they are taking and the accompanying text, students are likely to learn that ...
Bradford, Garnett L., Miller, Stephen E.
core   +1 more source