Dekorationsartikel gehören nicht zum Leistungsumfang.
Sprache:
Englisch
102,00 €*
Versandkostenfrei per Post / DHL
Aktuell nicht verfügbar
Kategorien:
Beschreibung
The definitive source of information on all topics related to investment valuation tools and techniques
Valuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially after the recent financial crisis. In order to be successful at this endeavor, you must have a firm understanding of the proper valuation techniques. One valuation book stands out as withstanding the test of time among students of financial markets and investors, Aswath Damodaran'sInvestment Valuation.
Now completely revised and updated to reflect changing market conditions, this third edition comprehensively introduces students and investment professionals to the range of valuation models available and how to chose the right model for any given asset valuation scenario. This edition includes valuation techniques for a whole host of real options, start-up firms, unconventional assets, distressed companies and private equity, and real estate. All examples have been updated and new material has been added.
* An expansion of ancillaries include updated online databases, spreadsheets, and other educational support tools
* Fully revised to incorporate valuation lessons learned from the last five years, from the market crisis and emerging markets to new types of equity investments
* Revised examples of company valuations such as companies from Eastern Europe and Africa, which stress the global nature of modern valuation
* Author Aswath Damodaran is regarded as one of the best educators and thinkers on the topic of investment valuation
This indispensable guide is a must read for students wishing to gain a better understanding of investment valuation and its methods. With it, you can take the insights and advice of a recognized authority on the valuation process and immediately put them to work for you.
Valuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially after the recent financial crisis. In order to be successful at this endeavor, you must have a firm understanding of the proper valuation techniques. One valuation book stands out as withstanding the test of time among students of financial markets and investors, Aswath Damodaran'sInvestment Valuation.
Now completely revised and updated to reflect changing market conditions, this third edition comprehensively introduces students and investment professionals to the range of valuation models available and how to chose the right model for any given asset valuation scenario. This edition includes valuation techniques for a whole host of real options, start-up firms, unconventional assets, distressed companies and private equity, and real estate. All examples have been updated and new material has been added.
* An expansion of ancillaries include updated online databases, spreadsheets, and other educational support tools
* Fully revised to incorporate valuation lessons learned from the last five years, from the market crisis and emerging markets to new types of equity investments
* Revised examples of company valuations such as companies from Eastern Europe and Africa, which stress the global nature of modern valuation
* Author Aswath Damodaran is regarded as one of the best educators and thinkers on the topic of investment valuation
This indispensable guide is a must read for students wishing to gain a better understanding of investment valuation and its methods. With it, you can take the insights and advice of a recognized authority on the valuation process and immediately put them to work for you.
The definitive source of information on all topics related to investment valuation tools and techniques
Valuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially after the recent financial crisis. In order to be successful at this endeavor, you must have a firm understanding of the proper valuation techniques. One valuation book stands out as withstanding the test of time among students of financial markets and investors, Aswath Damodaran'sInvestment Valuation.
Now completely revised and updated to reflect changing market conditions, this third edition comprehensively introduces students and investment professionals to the range of valuation models available and how to chose the right model for any given asset valuation scenario. This edition includes valuation techniques for a whole host of real options, start-up firms, unconventional assets, distressed companies and private equity, and real estate. All examples have been updated and new material has been added.
* An expansion of ancillaries include updated online databases, spreadsheets, and other educational support tools
* Fully revised to incorporate valuation lessons learned from the last five years, from the market crisis and emerging markets to new types of equity investments
* Revised examples of company valuations such as companies from Eastern Europe and Africa, which stress the global nature of modern valuation
* Author Aswath Damodaran is regarded as one of the best educators and thinkers on the topic of investment valuation
This indispensable guide is a must read for students wishing to gain a better understanding of investment valuation and its methods. With it, you can take the insights and advice of a recognized authority on the valuation process and immediately put them to work for you.
Valuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially after the recent financial crisis. In order to be successful at this endeavor, you must have a firm understanding of the proper valuation techniques. One valuation book stands out as withstanding the test of time among students of financial markets and investors, Aswath Damodaran'sInvestment Valuation.
Now completely revised and updated to reflect changing market conditions, this third edition comprehensively introduces students and investment professionals to the range of valuation models available and how to chose the right model for any given asset valuation scenario. This edition includes valuation techniques for a whole host of real options, start-up firms, unconventional assets, distressed companies and private equity, and real estate. All examples have been updated and new material has been added.
* An expansion of ancillaries include updated online databases, spreadsheets, and other educational support tools
* Fully revised to incorporate valuation lessons learned from the last five years, from the market crisis and emerging markets to new types of equity investments
* Revised examples of company valuations such as companies from Eastern Europe and Africa, which stress the global nature of modern valuation
* Author Aswath Damodaran is regarded as one of the best educators and thinkers on the topic of investment valuation
This indispensable guide is a must read for students wishing to gain a better understanding of investment valuation and its methods. With it, you can take the insights and advice of a recognized authority on the valuation process and immediately put them to work for you.
Inhaltsverzeichnis
Chapter 1 Introduction to Valuation 1
A Philosophical Basis for Valuation 1
Generalities about Valuation 2
The Role of Valuation 6
Conclusion 9
Questions and Short Problems 9
Chapter 2 Approaches to Valuation 11
Discounted Cash Flow Valuation 11
Relative Valuation 19
Contingent Claim Valuation 23
Conclusion 25
Questions and Short Problems 25
Chapter 3 Understanding Financial Statements 27
The Basic Accounting Statements 27
Asset Measurement and Valuation 29
Measuring Financing Mix 36
Measuring Earnings and Profitability 42
Measuring Risk 47
Other Issues in Analyzing Financial Statements 53
Conclusion 55
Questions and Short Problems 55
Chapter 4 The Basics of Risk 58
What is Risk? 58
Equity Risk and Expected Return 59
Alternative Models for Equity Risk 71
A Comparative Analysis of Equity Risk Models 76
Models of Default Risk 77
Conclusion 81
Questions and Short Problems 82
Chapter 5 Option Pricing Theory and Models 87
Basics of Option Pricing 87
Determinants of Option Value 89
Option Pricing Models 90
Extensions of Option Pricing 107
Conclusion 109
Questions and Short Problems 109
Chapter 6 Market Efficiency--Definition, Tests, and Evidence 111
Market Efficiency and Investment Valuation 111
What Is an Efficient Market? 112
Implications of Market Efficiency 112
Necessary Conditions for Market Efficiency 114
Propositions about Market Efficiency 114
Testing Market Efficiency 116
Cardinal Sins in Testing Market Efficiency 120
Some Lesser Sins That Can Be a Problem 121
Evidence on Market Efficiency 122
Time Series Properties of Price Changes 122
Market Reaction to Information Events 130
Market Anomalies 134
Evidence on Insiders and Investment Professionals 142
Conclusion 149
Questions and Short Problems 150
Chapter 7 Riskless Rates and Risk Premiums 154
The Risk-Free Rate 154
Equity Risk Premium 159
Default Spreads on Bonds 177
Conclusion 180
Questions and Short Problems 180
Chapter 8 Estimating Risk Parameters and Costs of Financing 182
The Cost of Equity and Capital 182
Cost of Equity 183
From Cost of Equity to Cost of Capital 210
Best Practices at Firms 221
Conclusion 222
Questions and Short Problems 223
Chapter 9 Measuring Earnings 229
Accounting versus Financial Balance Sheets 229
Adjusting Earnings 230
Conclusion 247
Questions and Short Problems 249
Chapter 10 From Earnings to Cash Flows 250
The Tax Effect 250
Reinvestment Needs 258
Conclusion 268
Questions and Short Problems 269
Chapter 11 Estimating Growth 271
The Importance of Growth 272
Historical Growth 272
Analyst Estimates of Growth 282
Fundamental Determinants of Growth 285
Qualitative Aspects of Growth 301
Conclusion 302
Questions and Short Problems 302
Chapter 12 Closure in Valuation: Estimating Terminal Value 304
Closure in Valuation 304
The Survival Issue 318
Closing Thoughts on Terminal Value 320
Conclusion 321
Questions and Short Problems 32
A Philosophical Basis for Valuation 1
Generalities about Valuation 2
The Role of Valuation 6
Conclusion 9
Questions and Short Problems 9
Chapter 2 Approaches to Valuation 11
Discounted Cash Flow Valuation 11
Relative Valuation 19
Contingent Claim Valuation 23
Conclusion 25
Questions and Short Problems 25
Chapter 3 Understanding Financial Statements 27
The Basic Accounting Statements 27
Asset Measurement and Valuation 29
Measuring Financing Mix 36
Measuring Earnings and Profitability 42
Measuring Risk 47
Other Issues in Analyzing Financial Statements 53
Conclusion 55
Questions and Short Problems 55
Chapter 4 The Basics of Risk 58
What is Risk? 58
Equity Risk and Expected Return 59
Alternative Models for Equity Risk 71
A Comparative Analysis of Equity Risk Models 76
Models of Default Risk 77
Conclusion 81
Questions and Short Problems 82
Chapter 5 Option Pricing Theory and Models 87
Basics of Option Pricing 87
Determinants of Option Value 89
Option Pricing Models 90
Extensions of Option Pricing 107
Conclusion 109
Questions and Short Problems 109
Chapter 6 Market Efficiency--Definition, Tests, and Evidence 111
Market Efficiency and Investment Valuation 111
What Is an Efficient Market? 112
Implications of Market Efficiency 112
Necessary Conditions for Market Efficiency 114
Propositions about Market Efficiency 114
Testing Market Efficiency 116
Cardinal Sins in Testing Market Efficiency 120
Some Lesser Sins That Can Be a Problem 121
Evidence on Market Efficiency 122
Time Series Properties of Price Changes 122
Market Reaction to Information Events 130
Market Anomalies 134
Evidence on Insiders and Investment Professionals 142
Conclusion 149
Questions and Short Problems 150
Chapter 7 Riskless Rates and Risk Premiums 154
The Risk-Free Rate 154
Equity Risk Premium 159
Default Spreads on Bonds 177
Conclusion 180
Questions and Short Problems 180
Chapter 8 Estimating Risk Parameters and Costs of Financing 182
The Cost of Equity and Capital 182
Cost of Equity 183
From Cost of Equity to Cost of Capital 210
Best Practices at Firms 221
Conclusion 222
Questions and Short Problems 223
Chapter 9 Measuring Earnings 229
Accounting versus Financial Balance Sheets 229
Adjusting Earnings 230
Conclusion 247
Questions and Short Problems 249
Chapter 10 From Earnings to Cash Flows 250
The Tax Effect 250
Reinvestment Needs 258
Conclusion 268
Questions and Short Problems 269
Chapter 11 Estimating Growth 271
The Importance of Growth 272
Historical Growth 272
Analyst Estimates of Growth 282
Fundamental Determinants of Growth 285
Qualitative Aspects of Growth 301
Conclusion 302
Questions and Short Problems 302
Chapter 12 Closure in Valuation: Estimating Terminal Value 304
Closure in Valuation 304
The Survival Issue 318
Closing Thoughts on Terminal Value 320
Conclusion 321
Questions and Short Problems 32
Details
| Erscheinungsjahr: | 2012 |
|---|---|
| Fachbereich: | Betriebswirtschaft |
| Genre: | Wirtschaft |
| Rubrik: | Recht & Wirtschaft |
| Medium: | Taschenbuch |
| Inhalt: | Chapter 1 Introduction to Valuation 1A Philosophical Basis for Valuation 1Generalities about Valuation 2The Role of Valuation 6Conclusion 9Questions and Short Problems 9Chapter 2 Approaches to Valuation 11Discounted Cash Flow Valuation 11Relative Valuati |
| ISBN-13: | 9781118130735 |
| ISBN-10: | 1118130731 |
| Sprache: | Englisch |
| Herstellernummer: | 1W118130730 |
| Autor: | Damodaran, Aswath |
| Auflage: | 3. Aufl. |
| Hersteller: |
Wiley
Wiley & Sons |
| Verantwortliche Person für die EU: | preigu, Ansas Meyer, Lengericher Landstr. 19, D-49078 Osnabrück, mail@preigu.de |
| Maße: | 36 x 177 x 251 mm |
| Von/Mit: | Aswath Damodaran |
| Erscheinungsdatum: | 20.04.2012 |
| Gewicht: | 1,492 kg |
Inhaltsverzeichnis
Chapter 1 Introduction to Valuation 1
A Philosophical Basis for Valuation 1
Generalities about Valuation 2
The Role of Valuation 6
Conclusion 9
Questions and Short Problems 9
Chapter 2 Approaches to Valuation 11
Discounted Cash Flow Valuation 11
Relative Valuation 19
Contingent Claim Valuation 23
Conclusion 25
Questions and Short Problems 25
Chapter 3 Understanding Financial Statements 27
The Basic Accounting Statements 27
Asset Measurement and Valuation 29
Measuring Financing Mix 36
Measuring Earnings and Profitability 42
Measuring Risk 47
Other Issues in Analyzing Financial Statements 53
Conclusion 55
Questions and Short Problems 55
Chapter 4 The Basics of Risk 58
What is Risk? 58
Equity Risk and Expected Return 59
Alternative Models for Equity Risk 71
A Comparative Analysis of Equity Risk Models 76
Models of Default Risk 77
Conclusion 81
Questions and Short Problems 82
Chapter 5 Option Pricing Theory and Models 87
Basics of Option Pricing 87
Determinants of Option Value 89
Option Pricing Models 90
Extensions of Option Pricing 107
Conclusion 109
Questions and Short Problems 109
Chapter 6 Market Efficiency--Definition, Tests, and Evidence 111
Market Efficiency and Investment Valuation 111
What Is an Efficient Market? 112
Implications of Market Efficiency 112
Necessary Conditions for Market Efficiency 114
Propositions about Market Efficiency 114
Testing Market Efficiency 116
Cardinal Sins in Testing Market Efficiency 120
Some Lesser Sins That Can Be a Problem 121
Evidence on Market Efficiency 122
Time Series Properties of Price Changes 122
Market Reaction to Information Events 130
Market Anomalies 134
Evidence on Insiders and Investment Professionals 142
Conclusion 149
Questions and Short Problems 150
Chapter 7 Riskless Rates and Risk Premiums 154
The Risk-Free Rate 154
Equity Risk Premium 159
Default Spreads on Bonds 177
Conclusion 180
Questions and Short Problems 180
Chapter 8 Estimating Risk Parameters and Costs of Financing 182
The Cost of Equity and Capital 182
Cost of Equity 183
From Cost of Equity to Cost of Capital 210
Best Practices at Firms 221
Conclusion 222
Questions and Short Problems 223
Chapter 9 Measuring Earnings 229
Accounting versus Financial Balance Sheets 229
Adjusting Earnings 230
Conclusion 247
Questions and Short Problems 249
Chapter 10 From Earnings to Cash Flows 250
The Tax Effect 250
Reinvestment Needs 258
Conclusion 268
Questions and Short Problems 269
Chapter 11 Estimating Growth 271
The Importance of Growth 272
Historical Growth 272
Analyst Estimates of Growth 282
Fundamental Determinants of Growth 285
Qualitative Aspects of Growth 301
Conclusion 302
Questions and Short Problems 302
Chapter 12 Closure in Valuation: Estimating Terminal Value 304
Closure in Valuation 304
The Survival Issue 318
Closing Thoughts on Terminal Value 320
Conclusion 321
Questions and Short Problems 32
A Philosophical Basis for Valuation 1
Generalities about Valuation 2
The Role of Valuation 6
Conclusion 9
Questions and Short Problems 9
Chapter 2 Approaches to Valuation 11
Discounted Cash Flow Valuation 11
Relative Valuation 19
Contingent Claim Valuation 23
Conclusion 25
Questions and Short Problems 25
Chapter 3 Understanding Financial Statements 27
The Basic Accounting Statements 27
Asset Measurement and Valuation 29
Measuring Financing Mix 36
Measuring Earnings and Profitability 42
Measuring Risk 47
Other Issues in Analyzing Financial Statements 53
Conclusion 55
Questions and Short Problems 55
Chapter 4 The Basics of Risk 58
What is Risk? 58
Equity Risk and Expected Return 59
Alternative Models for Equity Risk 71
A Comparative Analysis of Equity Risk Models 76
Models of Default Risk 77
Conclusion 81
Questions and Short Problems 82
Chapter 5 Option Pricing Theory and Models 87
Basics of Option Pricing 87
Determinants of Option Value 89
Option Pricing Models 90
Extensions of Option Pricing 107
Conclusion 109
Questions and Short Problems 109
Chapter 6 Market Efficiency--Definition, Tests, and Evidence 111
Market Efficiency and Investment Valuation 111
What Is an Efficient Market? 112
Implications of Market Efficiency 112
Necessary Conditions for Market Efficiency 114
Propositions about Market Efficiency 114
Testing Market Efficiency 116
Cardinal Sins in Testing Market Efficiency 120
Some Lesser Sins That Can Be a Problem 121
Evidence on Market Efficiency 122
Time Series Properties of Price Changes 122
Market Reaction to Information Events 130
Market Anomalies 134
Evidence on Insiders and Investment Professionals 142
Conclusion 149
Questions and Short Problems 150
Chapter 7 Riskless Rates and Risk Premiums 154
The Risk-Free Rate 154
Equity Risk Premium 159
Default Spreads on Bonds 177
Conclusion 180
Questions and Short Problems 180
Chapter 8 Estimating Risk Parameters and Costs of Financing 182
The Cost of Equity and Capital 182
Cost of Equity 183
From Cost of Equity to Cost of Capital 210
Best Practices at Firms 221
Conclusion 222
Questions and Short Problems 223
Chapter 9 Measuring Earnings 229
Accounting versus Financial Balance Sheets 229
Adjusting Earnings 230
Conclusion 247
Questions and Short Problems 249
Chapter 10 From Earnings to Cash Flows 250
The Tax Effect 250
Reinvestment Needs 258
Conclusion 268
Questions and Short Problems 269
Chapter 11 Estimating Growth 271
The Importance of Growth 272
Historical Growth 272
Analyst Estimates of Growth 282
Fundamental Determinants of Growth 285
Qualitative Aspects of Growth 301
Conclusion 302
Questions and Short Problems 302
Chapter 12 Closure in Valuation: Estimating Terminal Value 304
Closure in Valuation 304
The Survival Issue 318
Closing Thoughts on Terminal Value 320
Conclusion 321
Questions and Short Problems 32
Details
| Erscheinungsjahr: | 2012 |
|---|---|
| Fachbereich: | Betriebswirtschaft |
| Genre: | Wirtschaft |
| Rubrik: | Recht & Wirtschaft |
| Medium: | Taschenbuch |
| Inhalt: | Chapter 1 Introduction to Valuation 1A Philosophical Basis for Valuation 1Generalities about Valuation 2The Role of Valuation 6Conclusion 9Questions and Short Problems 9Chapter 2 Approaches to Valuation 11Discounted Cash Flow Valuation 11Relative Valuati |
| ISBN-13: | 9781118130735 |
| ISBN-10: | 1118130731 |
| Sprache: | Englisch |
| Herstellernummer: | 1W118130730 |
| Autor: | Damodaran, Aswath |
| Auflage: | 3. Aufl. |
| Hersteller: |
Wiley
Wiley & Sons |
| Verantwortliche Person für die EU: | preigu, Ansas Meyer, Lengericher Landstr. 19, D-49078 Osnabrück, mail@preigu.de |
| Maße: | 36 x 177 x 251 mm |
| Von/Mit: | Aswath Damodaran |
| Erscheinungsdatum: | 20.04.2012 |
| Gewicht: | 1,492 kg |
Sicherheitshinweis
Ähnliche Produkte
Taschenbuch
Taschenbuch
Lieferzeit 1-2 Wochen
Taschenbuch
Lieferzeit 1-2 Werktage
Taschenbuch
Lieferzeit 1-2 Wochen
Taschenbuch
Lieferzeit 1-2 Werktage
Taschenbuch
Taschenbuch
Lieferzeit 1-2 Werktage
Taschenbuch
Aktuell nicht verfügbar