Stock Valuation Models Under Inflation PDF Download
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Author: Booth, Laurence D
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 50
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Book Description
Author: Booth, Laurence D
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 50
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Book Description
Author: Jan Viebig
Publisher: John Wiley & Sons
ISBN: 0470758805
Category : Business & Economics
Languages : en
Pages : 438
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Book Description
Equity Valuation: Models from the Leading Investment Banks is a clear and reader-friendly guide to how today’s leading investment banks analyze firms. Editors Jan Viebig and Thorsten Poddig bring together expertise from UBS, Morgan Stanley, DWS Investment GmbH and Credit Suisse, providing a unique analysis of leading equity valuation models, from the very individuals who use them. Filled with real world insights, practical examples and theoretical approaches, the book will examine the strengths and weaknesses of some of the leading valuation approaches, helping readers understand how analysts: · estimate cash flows · calculate discount rates · adjust for accounting distortions · take uncertainty into consideration Written for investment professionals, corporate managers and anyone interested in developing their understanding of this key area, Equity Valuation: Models from the Leading Investment Banks will arm readers with the latest thinking and depth of knowledge necessary to make the right decisions in their valuation methodologies.
Author: Paquita Yolanda Davis
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 252
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Book Description
Author: David J. Ashton
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
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Book Description
Existing empirical evidence suggests that residual income valuation models based on historical cost accounting considerably underestimate equity values. One possible explanation is the use of historical cost accounting under inflationary conditions. In this paper, we use a residual income framework to explore theoretically how historical cost accounting numbers need to be adjusted for inflation in forecasting and valuation.We demonstrate that even in a simple setting where inflation is running at a relatively low level, residual income models are likely to produce severe under-valuations if inflation is not properly taken into account. We use simulated data to reinforce our theoretical findings and to illustrate the difficulties that empirical investigators face working within the confines imposed by real data.
Author: David F. Hawkins
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 222
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Book Description
Author: Patrick Kirkman
Publisher: Routledge
ISBN: 1134713533
Category : Business & Economics
Languages : en
Pages : 217
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Book Description
When first published this volume represented the first concise, accessible UK text that explained the very complex changes that could be involved in an inflation accounting system. The new edition of the book (1978) was restructured and rewritten, with a substantial amount of material added so that it provides a comprehensive and accurate picture of the inflation accounting issues of the 1970s.
Author: Charles Edward Swanson
Publisher:
ISBN:
Category :
Languages : en
Pages : 180
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Book Description
Author: Bradford Cornell
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
In path breaking articles, Bradley and Jarrell (2008, 2011), develop an analysis that properly accounts for inflation in the context of constant growth valuation models. They show that many traditional applications of the constant growth model err by failing to properly account for the impact of inflation on the existing capital stock. Despite the publication of the Bradley and Jarrell papers, many leading valuation texts including Damodaran (2012) and Koller, Goedhart and Wessels (2015) still employ variations of the traditional model and there remains a good deal of debate regarding the applicability of the Bradley-Jarrell approach. In that light, this short note offers a particularly simple and intuitive derivation of the Bradley-Jarrell results that makes it clear why the traditional models are in error.
Author: Steven Alan Sharpe
Publisher:
ISBN:
Category : Stock price forecasting
Languages : en
Pages : 58
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Book Description
Author: Jerald E. Pinto
Publisher: John Wiley & Sons
ISBN: 1119104645
Category : Business & Economics
Languages : en
Pages : 624
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Book Description
Navigate equity investments and asset valuation with confidence Equity Asset Valuation, Third Edition blends theory and practice to paint an accurate, informative picture of the equity asset world. The most comprehensive resource on the market, this text supplements your studies for the third step in the three-level CFA certification program by integrating both accounting and finance concepts to explore a collection of valuation models and challenge you to determine which models are most appropriate for certain companies and circumstances. Detailed learning outcome statements help you navigate your way through the content, which covers a wide range of topics, including how an analyst approaches the equity valuation process, the basic DDM, the derivation of the required rate of return within the context of Markowitz and Sharpe's modern portfolio theory, and more. Equity investments encompass the buying and holding of shares of stock in the anticipation of collecting income from dividends and capital gains. Determining which shares will be profitable is key, and an array of valuation techniques is applied on today's market to decide which stocks are ripe for investment and which are best left out of your portfolio. Access the most comprehensive equity asset valuation text on the market Leverage detailed learning outcome statements that focus your attention on key concepts, and guide you in applying the material accurately and effectively Explore a wide range of essential topics, such as the free cash flow approach, valuation using Graham and Dodd type concepts of earning power, associated market multiples, and residual income models Improve your study efforts by leveraging the text during your CFA certification program prep Equity Asset Valuation, Third Edition is a comprehensive, updated text that guides you through the information you need to know to fully understand the general analysis of equity investments.
