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Author: Franz-Viktor Kuhlmann
Publisher: American Mathematical Soc.
ISBN:
Category : Mathematics
Languages : en
Pages : 472
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Book Description
This book is the first of two proceedings volumes stemming from the International Conference and Workshop on Valuation Theory held at the University of Saskatchewan (Saskatoon, SK, Canada). The special feature of this book is its focus on current applications of valuation theory to a broad range of topics. This first volume contains research and survey papers on a variety of valuation-theoretic topics, including rigid analytic geometry, real algebraic geometry, resolution of singularities, noncommutative valuation theory, valuations on fields, and Galois theory. Also included is a paper on the history of valuation theory. The book is suitable for graduate students and research mathematicians working in algebra, algebraic geometry, number theory, and mathematical logic.
Author: Franz-Viktor Kuhlmann
Publisher: American Mathematical Soc.
ISBN:
Category : Mathematics
Languages : en
Pages : 472
Get Book Here
Book Description
This book is the first of two proceedings volumes stemming from the International Conference and Workshop on Valuation Theory held at the University of Saskatchewan (Saskatoon, SK, Canada). The special feature of this book is its focus on current applications of valuation theory to a broad range of topics. This first volume contains research and survey papers on a variety of valuation-theoretic topics, including rigid analytic geometry, real algebraic geometry, resolution of singularities, noncommutative valuation theory, valuations on fields, and Galois theory. Also included is a paper on the history of valuation theory. The book is suitable for graduate students and research mathematicians working in algebra, algebraic geometry, number theory, and mathematical logic.
Author: Jay E. Fishman
Publisher: John Wiley & Sons
ISBN: 1118238915
Category : Business & Economics
Languages : en
Pages : 496
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Book Description
Expert direction on interpretation and application of standards of value Written by Jay Fishman, Shannon Pratt, and William Morrison—three renowned valuation practitioners—Standards of Value, Second Edition discusses the interaction between valuation theory and its judicial and regulatory application. This insightful book addresses standards of value (SOV) as applied in four distinct contexts: estate and gift taxation; shareholder dissent and oppression; divorce; and financial reporting. Here, you will discover some of the intricacies of performing services in these venues. Features new case law in topics including personal good will and estate and gift tax, and updated to cover the new standards issued since the first edition Includes an updated compendium discussing the standards of value by state, new case law covering divorce, personal goodwill, and estate and gift tax, and coverage of newly issues financial standards Shows how the Standard of Value sets the appraisal process in motion and includes the combination of a review of court cases with the valuator's perspective Addresses the codification of GAAP and updates SOV in individual states Get Standards of Value, Second Edition and discover the underlying intricacies involved in determining "value."
Author: Franz-Viktor Kuhlmann
Publisher: American Mathematical Soc.
ISBN: 9780821885901
Category : Mathematics
Languages : en
Pages : 478
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Book Description
This book is the second of two proceedings volumes stemming from the International Conference and Workshop on Valuation Theory held at the University of Saskatchewan (Saskatoon, SK, Canada). It contains the most recent applications of valuation theory to a broad range of mathematical ideas. Valuation theory arose in the early part of the twentieth century in connection with number theory and continues to have many important applications to algebra, geometry, and analysis. The research and survey papers in this volume cover a variety of topics, including Galois theory, the Grunwald-Wang Theorem, algebraic geometry, resolution of singularities, curves over Prufer domains, model theory of valued fields and the Frobenius, Hardy fields, Hensel's Lemma, fixed point theorems, and computations in valued fields. It is suitable for graduate students and research mathematicians interested in algebra, algebraic geometry, number theory, and mathematical logic.
Author: Sudipto Bhattacharya
Publisher: World Scientific
ISBN: 9812701028
Category : Business & Economics
Languages : en
Pages : 387
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Book Description
The first edition of Theory of Valuation is a collection of important papers in the field of theoretical financial economics published from 1973 to 1986, and original accompanying essays contributed by eminent researchers including Robert C Merton, Edward C Prescott, Stephen A Ross, and Joseph E Stiglitz. Since then, with the perspective of major theoretical strides in the field, the book has more than fulfilled its original expectations. The realization that it remains today a compendium of classic articles and a must-read for any serious student in theoretical financial economics, has prompted the publication of a new edition. This second edition presents a summary statement of significant research in theoretical financial economics for both the specialist and non-specialist financial economist. It also provides material for PhD-level courses covering valuation theory, and elective reading for advanced MasterOCOs and undergraduate courses. In addition to reproducing the original contributions, this edition includes the seminal paper by Edward C Prescott and Rajnish Mehra, OC Recursive Competitive Equilibrium: The Case of Homogeneous Households, OCO originally published in Econometrica in 1980."
Author: Otto Endler
Publisher: Springer Science & Business Media
ISBN: 364265505X
Category : Mathematics
Languages : en
Pages : 255
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Book Description
These are the revised notes of a course for graduate students and some seminar talks which I gave at the University of Rochester during Fall Term 1969/70. They would not have been written without the encouragement and the aid which I received, during all stages of the work, by friends from Rochester, Rio de Janeiro, and Bonn. I wish to thank all of them: Barbara Grabkowicz encouraged me to write these notes in English and read carefully parts of a preliminary manuscript, as did Gervasio G. Bastos, Yves A. E. Lequain, Walter Strubel, and Antonio J. Engler. Many valuable suggestions were given me by Yves A. E. Lequain, and several improvements of theorems and proofs are due to him. I am particularly grateful to Linda C. Hill for her criticism in reading the last version and for improving and smoothing many of my formulations. Last but not least I thank Wilson Goes for the excellent typing. Most of this book was elaborated when I stayed in Rio de Janeiro as a Visiting Professor at IMPA (Institute for Pure and Applied Mathematics) and as a Pesquisador-Conferencista of CNPq (National Research Council). Thanks are also due to these institu tions.
Author: Z. Christopher Mercer
Publisher: John Wiley & Sons
ISBN: 0470178663
Category : Business & Economics
Languages : en
Pages : 291
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Book Description
Praise for Business Valuation: An Integrated Theory, 2nd Edition "The Second Edition of Business Valuation: An Integrated Theory manages to present the theoretical analysis of valuation from the first edition and expand on that discussion by providing additional guidance on implementing the relevant valuation theories, notably in its expanded discussion of the Quantitative Marketability Discount Model." —Dr. David Tabak, NERA Economic Consulting Your Essential Valuations Reference Whether you are an accountant, auditor, financial planner, or attorney, Business Valuation: An Integrated Theory, 2nd Edition enables you to understand and correctly apply fundamental valuation concepts. Thoroughly revised and expanded, the Second Edition demystifies modern valuation theory, bringing together various valuation concepts to reveal a comprehensive picture of business valuation. With the implementation of new accounting pronouncements mandating the recognition of numerous assets and liabilities at fair value, it has become critical for CPAs charged with auditing financial statements to understand valuation concepts. With thoughtful and balanced treatment of both theory and application, this essential guide reveals: The "GRAPES of Value"-Growth, Risk and Reward, Alternative Investments, Present Value, Expectations, and Sanity The relationship between the Gordon Model and the discounted cash flow model of valuation The basis for commonly applied, but commonly misunderstood valuation premiums and discounts A practical perspective on the analysis of potential business acquisitions Grounded in the real world of market participants, Business Valuation, 2nd Edition addresses your need to understand business valuation, providing a means of articulating valuation concepts to help you negotiate value-enhancing transactions. If you want to get back to valuation basics, this useful reference will become your guide to defining the various levels of value and developing a better understanding of business appraisal reports.
Author: Manya M. Mooya
Publisher: Springer
ISBN: 3662491648
Category : Business & Economics
Languages : en
Pages : 193
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Book Description
This monograph critically reviews and updates real estate valuation theory, which is based on neoclassical economics, in light of developments in heterodox economic theory. Building on a comprehensive historical account of the evolution of value theory, the book uses new institutional economics theory and critical realism as lenses through which problems in standard valuation theory and practice are expatiated, and as the foundation for an alternative theory. The new theory is employed to explain major problems in real estate valuation that are beyond the capability of the standard theory, such as price bubbles in real estate markets, anchoring bias, client influence and valuation under uncertain market conditions.
Author: Lutz Kruschwitz
Publisher: John Wiley & Sons
ISBN: 0470870451
Category : Business & Economics
Languages : en
Pages : 178
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Book Description
Firm valuation is currently a very exciting topic. It is interesting for those economists engaged in either practice or theory, particularly for those in finance. The literature on firm valuation recommends logical, quantitative methods, which deal with establishing today's value of future free cash flows. In this respect firm valuation is identical with the calculation of the discounted cash flow, DCF. There are, however, different coexistent versions, which seem to compete against each other. Entity approach and equity approach are thus differentiated. Acronyms are often used, such as APV (adjusted present value) or WACC (weighted average cost of capital), whereby these two concepts are classified under entity approach. Why are there several procedures and not just one? Do they all lead to the same result? If not, where do the economic differences lie? If so, for what purpose are different methods needed? And further: do the known procedures suffice? Or are there situations where none of the concepts developed up to now delivers the correct value of the firm? If so, how is the appropriate valuation formula to be found? These questions are not just interesting for theoreticians; even the practitioner who is confronted with the task of marketing his or her results has to deal with it. The authors systematically clarify the way in which these different variations of the DCF concept are related throughout the book ENDORSEMENTS FOR LÖFFLER: DISCOUNTED 0-470-87044-3 "Compared with the huge number of books on pragmatic approaches to discounted cash flow valuation, there are remarkably few that lay out the theoretical underpinnings of this technique. Kruschwitz and Löffler bring together the theory in this area in a consistent and rigorous way that should be useful for all serious students of the topic." --Ian Cooper, London Business School "This treatise on the market valuation of corporate cash flows offers the first reconciliation of conventional cost-of-capital valuation models from the corporate finance literature with state-pricing (or 'risk-neutral' pricing) models subsequently developed on the basis of multi-period no-arbitrage theories. Using an entertaining style, Kruschwitz and Löffler develop a precise and theoretically consistent definition of 'cost of capital', and provoke readers to drop vague or contradictory alternatives." --Darrell Duffie, Stanford University "Handling firm and personal income taxes properly in valuation involves complex considerations. This book offers a new, precise, clear and concise theoretical path that is pleasant to read. Now it is the practitioners task to translate this approach into real-world applications!" --Wolfgang Wagner, PricewaterhouseCoopers "It is an interesting book, which has some new results and it fills a gap in the literature between the usual undergraduate material and the very abstract PhD material in such books as that of Duffie (Dynamic Asset Pricing Theory). The style is very engaging, which is rare in books pitched at this level." --Martin Lally, University of Wellington
Author: Franz-Viktor Kuhlmann
Publisher: American Mathematical Soc.
ISBN: 0821832069
Category : Business & Economics
Languages : en
Pages : 473
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Book Description
This book is the second of two proceedings volumes stemming from the International Conference and Workshop on Valuation Theory held at the University of Saskatchewan (Saskatoon, SK, Canada). It contains the most recent applications of valuation theory to a broad range of mathematical ideas. Valuation theory arose in the early part of the twentieth century in connection with number theory and continues to have many important applications to algebra, geometry, and analysis. The research and survey papers in this volume cover a variety of topics, including Galois theory, the Grunwald-Wang Theorem, algebraic geometry, resolution of singularities, curves over Prufer domains, model theory of valued fields and the Frobenius, Hardy fields, Hensel's Lemma, fixed point theorems, and computations in valued fields. It is suitable for graduate students and research mathematicians interested in algebra, algebraic geometry, number theory, and mathematical logic.
Author: Robert W. Holthausen
Publisher:
ISBN: 9781618533241
Category : Corporations
Languages : en
Pages : 925
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Book Description
