Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms / / by Lutz Kruschwitz, Andreas Löffler
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| Autore: |
Kruschwitz Lutz
|
| Titolo: |
Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms / / by Lutz Kruschwitz, Andreas Löffler
|
| Pubblicazione: | Cham, : Springer Nature, 2020 |
| Cham : , : Springer International Publishing : , : Imprint : Springer, , 2020 | |
| Edizione: | 1st ed. 2020. |
| Descrizione fisica: | 1 online resource (XXIII, 241 p.) |
| Disciplina: | 339 |
| 658.15244 | |
| Soggetto topico: | Macroeconomics |
| Investment banking | |
| Securities | |
| Business mathematics | |
| Macroeconomics/Monetary Economics//Financial Economics | |
| Investments and Securities | |
| Business Mathematics | |
| Soggetto non controllato: | Firm valuation |
| Cost of capital | |
| Weighted average cost of capital | |
| Insolvency and valuation | |
| Adjusted present value | |
| Accounting | |
| Taxation | |
| Finance | |
| Audit | |
| Discounted cash flow | |
| Cash flows | |
| Asset pricing | |
| Equity and debt | |
| Flow to equity | |
| Total cash flow | |
| Financing | |
| Investment | |
| Leverage | |
| investments and securities | |
| Persona (resp. second.): | LöfflerAndreas |
| Nota di contenuto: | Introduction: A Stochastic Approach to Discounted Cash Flow -- Basic Elements: Cash Flow, Tax, Expectation, Cost of Capital, Value -- Corporate Income Tax: WACC, FTE, TCF, APV -- Personal Income Tax -- Corporate and Personal Income Tax -- Proofs -- Sketch of Solutions. |
| Sommario/riassunto: | This open access book discusses firm valuation, which is of interest to economists, particularly those working in finance. Firm valuation comes down to the calculation of the discounted cash flow, often only referred to by its abbreviation, DCF. There are, however, different coexistent versions, which seem to compete against each other, such as entity approaches and equity approaches. Acronyms are often used, such as APV (adjusted present value) or WACC (weighted average cost of capital), two concepts classified as entity approaches. This book explains why there are several procedures and whether they lead to the same result. It also examines the economic differences between the methods and indicates the various purposes they serve. Further it describes the limits of the procedures and the situations they are best applied to. The problems this book addresses are relevant to theoreticians and practitioners alike. |
| Titolo autorizzato: | Stochastic Discounted Cash Flow |
| ISBN: | 3-030-37081-X |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910380744803321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
Springer Texts in Business and Economics, . 2192-4333