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A behavioral approach to asset pricing [[electronic resource] /] / Hersh Shefrin
| A behavioral approach to asset pricing [[electronic resource] /] / Hersh Shefrin |
| Autore | Shefrin Hersh <1948-> |
| Pubbl/distr/stampa | Amsterdam ; ; Boston, : Elsevier Academic Press, c2005 |
| Descrizione fisica | 1 online resource (513 p.) |
| Disciplina | 332.63/221 |
| Collana | Academic Press advanced finance series |
| Soggetto topico |
Capital assets pricing model
Risk management |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-281-00836-2
9786611008369 0-08-047603-1 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; 1 Introduction; 1.1 Why Read This Book?; 1.2 Organization: How the Ideas in This Book Tie Together; 1.3 Summary; Part I - Heuristics and Representativeness: Experimental Evidence; 2 Representativeness and Bayes Rule: Psychological Perspective; 2.1 Explaining Representativeness; 2.2 Implications for Bayes Rule; 2.3 Experiment; 2.4 Representativeness and Prediction; 2.5 Summary; 3 Representativeness and Bayes Rule: Economics Perspective; 3.1 The Grether Experiment; 3.2 Representativeness; 3.3 Results; 3.4 Summary; 4 A Simple Asset Pricing Model Featuring Representativeness
4.1 First Stage, Modified Experimental Structure 4.2 Expected Utility Model; 4.3 Equilibrium Prices; 4.4 Representativeness; 4.5 Second Stage: Signal-Based Market Structure; 4.6 Summary; 5 Heterogeneous Judgments in Experiments; 5.1 Grether Experiment; 5.2 Heterogeneity in Predictions of GPA; 5.3 The De Bondt Experiment; 5.4 Why Some Bet on Trends and Others Commit Gambler's Fallacy; 5.5 Summary; Part II - Heuristics and Representativeness: Investor Expectations; 6 Representativeness and Heterogeneous Beliefs Among Individual Investors, Financial Executives, and Academics 6.1 Individual Investors 6.2 The Expectations of Academic Economists; 6.3 Financial Executives; 6.4 Summary; 7 Representativeness and Heterogeneity in the Judgments of Professional Investors; 7.1 Contrasting Predictions: How Valid?; 7.2 Update to Livingston Survey; 7.3 Individual Forecasting Records; 7.4 Gambler's Fallacy; 7.5 Why Heterogeneity Is Time Varying; 7.6 Summary; Part III - Developing Behavioral Asset Pricing Models; 8 A Simple Asset Pricing Model with Heterogeneous Beliefs; 8.1 A Simple Model with Two Investors; 8.2 Equilibrium Prices; 8.3 Fixed Optimism and Pessimism 8.4 Incorporating Representativeness 8.5 Summary; 9 Heterogeneous Beliefs and Inefficient Markets; 9.1 Defining Market Efficiency; 9.2 Market Efficiency and Logarithmic Utility; 9.3 Equilibrium Prices as Aggregators; 9.4 Market Efficiency: Necessary and Sufficient Condition; 9.5 Interpreting the Efficiency Condition; 9.6 Summary; 10 A Simple Market Model of Prices and Trading Volume; 10.1 The Model; 10.2 Analysis of Returns; 10.3 Analysis of Trading Volume; 10.4 Example; 10.5 Arbitrage; 10.6 Summary; 11 Efficiency and Entropy: Long-Run Dynamics; 11.1 Introductory Example; 11.2 Entropy 11.3 Numerical Illustration 11.4 Markov Beliefs; 11.5 Heterogeneous Time Preference, Entropy, and Efficiency; 11.6 Entropy and Market Efficiency; 11.7 Summary; Part IV - Heterogeneity in Risk Tolerance and Time Discounting; 12 CRRA and CARA Utility Functions; 12.1 Arrow-Pratt Measure; 12.2 Proportional Risk; 12.3 Constant Relative Risk Aversion; 12.4 Logarithmic Utility; 12.5 CRRA Demand Function; 12.6 Representative Investor; 12.7 Example; 12.8 CARA Utility; 12.9 Summary; 13 Heterogeneous Risk Tolerance and Time Preference; 13.1 Survey Evidence; 13.2 Extended Survey; 13.3 Time Preference 13.4 Summary |
| Record Nr. | UNINA-9910458130803321 |
Shefrin Hersh <1948->
|
||
| Amsterdam ; ; Boston, : Elsevier Academic Press, c2005 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
A behavioral approach to asset pricing [[electronic resource] /] / Hersh Shefrin
| A behavioral approach to asset pricing [[electronic resource] /] / Hersh Shefrin |
| Autore | Shefrin Hersh <1948-> |
| Pubbl/distr/stampa | Amsterdam ; ; Boston, : Elsevier Academic Press, c2005 |
| Descrizione fisica | 1 online resource (513 p.) |
| Disciplina | 332.63/221 |
| Collana | Academic Press advanced finance series |
| Soggetto topico |
Capital assets pricing model
Risk management |
| ISBN |
1-281-00836-2
9786611008369 0-08-047603-1 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; 1 Introduction; 1.1 Why Read This Book?; 1.2 Organization: How the Ideas in This Book Tie Together; 1.3 Summary; Part I - Heuristics and Representativeness: Experimental Evidence; 2 Representativeness and Bayes Rule: Psychological Perspective; 2.1 Explaining Representativeness; 2.2 Implications for Bayes Rule; 2.3 Experiment; 2.4 Representativeness and Prediction; 2.5 Summary; 3 Representativeness and Bayes Rule: Economics Perspective; 3.1 The Grether Experiment; 3.2 Representativeness; 3.3 Results; 3.4 Summary; 4 A Simple Asset Pricing Model Featuring Representativeness
4.1 First Stage, Modified Experimental Structure 4.2 Expected Utility Model; 4.3 Equilibrium Prices; 4.4 Representativeness; 4.5 Second Stage: Signal-Based Market Structure; 4.6 Summary; 5 Heterogeneous Judgments in Experiments; 5.1 Grether Experiment; 5.2 Heterogeneity in Predictions of GPA; 5.3 The De Bondt Experiment; 5.4 Why Some Bet on Trends and Others Commit Gambler's Fallacy; 5.5 Summary; Part II - Heuristics and Representativeness: Investor Expectations; 6 Representativeness and Heterogeneous Beliefs Among Individual Investors, Financial Executives, and Academics 6.1 Individual Investors 6.2 The Expectations of Academic Economists; 6.3 Financial Executives; 6.4 Summary; 7 Representativeness and Heterogeneity in the Judgments of Professional Investors; 7.1 Contrasting Predictions: How Valid?; 7.2 Update to Livingston Survey; 7.3 Individual Forecasting Records; 7.4 Gambler's Fallacy; 7.5 Why Heterogeneity Is Time Varying; 7.6 Summary; Part III - Developing Behavioral Asset Pricing Models; 8 A Simple Asset Pricing Model with Heterogeneous Beliefs; 8.1 A Simple Model with Two Investors; 8.2 Equilibrium Prices; 8.3 Fixed Optimism and Pessimism 8.4 Incorporating Representativeness 8.5 Summary; 9 Heterogeneous Beliefs and Inefficient Markets; 9.1 Defining Market Efficiency; 9.2 Market Efficiency and Logarithmic Utility; 9.3 Equilibrium Prices as Aggregators; 9.4 Market Efficiency: Necessary and Sufficient Condition; 9.5 Interpreting the Efficiency Condition; 9.6 Summary; 10 A Simple Market Model of Prices and Trading Volume; 10.1 The Model; 10.2 Analysis of Returns; 10.3 Analysis of Trading Volume; 10.4 Example; 10.5 Arbitrage; 10.6 Summary; 11 Efficiency and Entropy: Long-Run Dynamics; 11.1 Introductory Example; 11.2 Entropy 11.3 Numerical Illustration 11.4 Markov Beliefs; 11.5 Heterogeneous Time Preference, Entropy, and Efficiency; 11.6 Entropy and Market Efficiency; 11.7 Summary; Part IV - Heterogeneity in Risk Tolerance and Time Discounting; 12 CRRA and CARA Utility Functions; 12.1 Arrow-Pratt Measure; 12.2 Proportional Risk; 12.3 Constant Relative Risk Aversion; 12.4 Logarithmic Utility; 12.5 CRRA Demand Function; 12.6 Representative Investor; 12.7 Example; 12.8 CARA Utility; 12.9 Summary; 13 Heterogeneous Risk Tolerance and Time Preference; 13.1 Survey Evidence; 13.2 Extended Survey; 13.3 Time Preference 13.4 Summary |
| Record Nr. | UNINA-9910784562703321 |
|
Shefrin Hersh <1948->
|
||
| Amsterdam ; ; Boston, : Elsevier Academic Press, c2005 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
A behavioral approach to asset pricing / / Hersh Shefrin
| A behavioral approach to asset pricing / / Hersh Shefrin |
| Autore | Shefrin Hersh <1948-> |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Amsterdam ; ; Boston, : Elsevier Academic Press, c2005 |
| Descrizione fisica | 1 online resource (513 p.) |
| Disciplina |
332.63/221
332.63221 |
| Collana | Academic Press advanced finance series |
| Soggetto topico |
Capital assets pricing model
Risk management |
| ISBN |
1-281-00836-2
9786611008369 0-08-047603-1 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; 1 Introduction; 1.1 Why Read This Book?; 1.2 Organization: How the Ideas in This Book Tie Together; 1.3 Summary; Part I - Heuristics and Representativeness: Experimental Evidence; 2 Representativeness and Bayes Rule: Psychological Perspective; 2.1 Explaining Representativeness; 2.2 Implications for Bayes Rule; 2.3 Experiment; 2.4 Representativeness and Prediction; 2.5 Summary; 3 Representativeness and Bayes Rule: Economics Perspective; 3.1 The Grether Experiment; 3.2 Representativeness; 3.3 Results; 3.4 Summary; 4 A Simple Asset Pricing Model Featuring Representativeness
4.1 First Stage, Modified Experimental Structure 4.2 Expected Utility Model; 4.3 Equilibrium Prices; 4.4 Representativeness; 4.5 Second Stage: Signal-Based Market Structure; 4.6 Summary; 5 Heterogeneous Judgments in Experiments; 5.1 Grether Experiment; 5.2 Heterogeneity in Predictions of GPA; 5.3 The De Bondt Experiment; 5.4 Why Some Bet on Trends and Others Commit Gambler's Fallacy; 5.5 Summary; Part II - Heuristics and Representativeness: Investor Expectations; 6 Representativeness and Heterogeneous Beliefs Among Individual Investors, Financial Executives, and Academics 6.1 Individual Investors 6.2 The Expectations of Academic Economists; 6.3 Financial Executives; 6.4 Summary; 7 Representativeness and Heterogeneity in the Judgments of Professional Investors; 7.1 Contrasting Predictions: How Valid?; 7.2 Update to Livingston Survey; 7.3 Individual Forecasting Records; 7.4 Gambler's Fallacy; 7.5 Why Heterogeneity Is Time Varying; 7.6 Summary; Part III - Developing Behavioral Asset Pricing Models; 8 A Simple Asset Pricing Model with Heterogeneous Beliefs; 8.1 A Simple Model with Two Investors; 8.2 Equilibrium Prices; 8.3 Fixed Optimism and Pessimism 8.4 Incorporating Representativeness 8.5 Summary; 9 Heterogeneous Beliefs and Inefficient Markets; 9.1 Defining Market Efficiency; 9.2 Market Efficiency and Logarithmic Utility; 9.3 Equilibrium Prices as Aggregators; 9.4 Market Efficiency: Necessary and Sufficient Condition; 9.5 Interpreting the Efficiency Condition; 9.6 Summary; 10 A Simple Market Model of Prices and Trading Volume; 10.1 The Model; 10.2 Analysis of Returns; 10.3 Analysis of Trading Volume; 10.4 Example; 10.5 Arbitrage; 10.6 Summary; 11 Efficiency and Entropy: Long-Run Dynamics; 11.1 Introductory Example; 11.2 Entropy 11.3 Numerical Illustration 11.4 Markov Beliefs; 11.5 Heterogeneous Time Preference, Entropy, and Efficiency; 11.6 Entropy and Market Efficiency; 11.7 Summary; Part IV - Heterogeneity in Risk Tolerance and Time Discounting; 12 CRRA and CARA Utility Functions; 12.1 Arrow-Pratt Measure; 12.2 Proportional Risk; 12.3 Constant Relative Risk Aversion; 12.4 Logarithmic Utility; 12.5 CRRA Demand Function; 12.6 Representative Investor; 12.7 Example; 12.8 CARA Utility; 12.9 Summary; 13 Heterogeneous Risk Tolerance and Time Preference; 13.1 Survey Evidence; 13.2 Extended Survey; 13.3 Time Preference 13.4 Summary |
| Record Nr. | UNINA-9910816948603321 |
|
Shefrin Hersh <1948->
|
||
| Amsterdam ; ; Boston, : Elsevier Academic Press, c2005 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Get rich with dividends : a proven system for earning double-digit returns / / Marc Lichtenfeld
| Get rich with dividends : a proven system for earning double-digit returns / / Marc Lichtenfeld |
| Autore | Lichtenfeld Marc |
| Edizione | [2nd ed.] |
| Pubbl/distr/stampa | Hoboken, New Jersey : , : Wiley, , 2015 |
| Descrizione fisica | 1 online resource (238 p.) |
| Disciplina | 332.63/221 |
| Collana | Agora Series |
| Soggetto topico |
Dividends
Portfolio management |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-118-99414-0
1-119-15751-X 1-118-99415-9 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Get Rich with Dividends; Contents; Preface; 1 Why Dividend Stocks?; "Y'all Must've Forgot"; Marc Lichtenfelds Authentic Italian Trattoria; The Numbers; Keeping Up with Inflation; The 10-11-12 System; Summary; Notes; 2 What Is a Perpetual Dividend Raiser?; Dividend Aristocrats; The Index; The Champions; Junior Aristocrats; Survivorship; Summary; 3 Past Performance Is No Guarantee of Future Results, but Its Pretty Darn Close; Performance of Perpetual Dividend Raisers; Why It Works; Bear Markets; How Do Bonds Compare?; Are You an Investor from Lake Wobegon?; Summary; Notes
4 Why Companies Raise DividendsBuybacks versus Dividends; Management Speaks; Know Your Identity; Attracting the Right Shareholders; Signals to the Market; Summary; Notes; 5 Get Rich with Boring Dividend Stocks (Snooze Your Way to Millions); How Much Do You Want to Make?; Summary; Note; 6 Get Higher Yields (and Maybe Some Tax Benefits); Buying 1 in Assets for 0.90; Avoid the Tax Man; MLPs; The (Very) Final Word on MLPs; REITs; BDCs; You Dont Have to Play Mahjong with Mrs. Zuckerberg; Preferred Stocks; Summary; 7 What You Need to Know to Set Up a Portfolio The Oxford Income Letter Portfolio-An ExampleSetting Up the Portfolio; Yields; Payout Ratio; Dividend Growth Rate; Special Dividends; Summary; Note; 8 The 10-11-12 System; Yield; Dividend Growth; Payout Ratio; Formula; Payout Ratio: 75% or Lower; Yield: 4.7% or Higher; Dividend Growth: 10% or Higher; Numbers; When to Sell; Summary; 9 DRIPs and Direct Purchase Plans; Summary; 10 Using Options to Turbocharge Your Returns; Covered Calls: The Espresso of Income Investing; Option Prices; Volatility: An Option Sellers Best Friend; Time Is on Your Side; Who Should Sell Covered Calls? 20% Annual ReturnsSelling Puts; Summary; 11 Foreign Stocks; One Lump or Two?; Lumpy Perpetual Dividend Raisers?; Other Risks; Summary; 12 Taxes; Foreign Taxes; Tax-Deferred Strategies; Tax Law Changes; Summary; Note; Conclusion: The End of the Book, the Beginning of Your Future; Glossary; About the Author; Acknowledgments; Index; EULA |
| Record Nr. | UNINA-9910132433903321 |
|
Lichtenfeld Marc
|
||
| Hoboken, New Jersey : , : Wiley, , 2015 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Get rich with dividends : a proven system for earning double-digit returns / / Marc Lichtenfeld
| Get rich with dividends : a proven system for earning double-digit returns / / Marc Lichtenfeld |
| Autore | Lichtenfeld Marc |
| Edizione | [2nd ed.] |
| Pubbl/distr/stampa | Hoboken, New Jersey : , : Wiley, , 2015 |
| Descrizione fisica | 1 online resource (238 p.) |
| Disciplina | 332.63/221 |
| Collana | Agora Series |
| Soggetto topico |
Dividends
Portfolio management |
| ISBN |
1-118-99414-0
1-119-15751-X 1-118-99415-9 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Get Rich with Dividends; Contents; Preface; 1 Why Dividend Stocks?; "Y'all Must've Forgot"; Marc Lichtenfelds Authentic Italian Trattoria; The Numbers; Keeping Up with Inflation; The 10-11-12 System; Summary; Notes; 2 What Is a Perpetual Dividend Raiser?; Dividend Aristocrats; The Index; The Champions; Junior Aristocrats; Survivorship; Summary; 3 Past Performance Is No Guarantee of Future Results, but Its Pretty Darn Close; Performance of Perpetual Dividend Raisers; Why It Works; Bear Markets; How Do Bonds Compare?; Are You an Investor from Lake Wobegon?; Summary; Notes
4 Why Companies Raise DividendsBuybacks versus Dividends; Management Speaks; Know Your Identity; Attracting the Right Shareholders; Signals to the Market; Summary; Notes; 5 Get Rich with Boring Dividend Stocks (Snooze Your Way to Millions); How Much Do You Want to Make?; Summary; Note; 6 Get Higher Yields (and Maybe Some Tax Benefits); Buying 1 in Assets for 0.90; Avoid the Tax Man; MLPs; The (Very) Final Word on MLPs; REITs; BDCs; You Dont Have to Play Mahjong with Mrs. Zuckerberg; Preferred Stocks; Summary; 7 What You Need to Know to Set Up a Portfolio The Oxford Income Letter Portfolio-An ExampleSetting Up the Portfolio; Yields; Payout Ratio; Dividend Growth Rate; Special Dividends; Summary; Note; 8 The 10-11-12 System; Yield; Dividend Growth; Payout Ratio; Formula; Payout Ratio: 75% or Lower; Yield: 4.7% or Higher; Dividend Growth: 10% or Higher; Numbers; When to Sell; Summary; 9 DRIPs and Direct Purchase Plans; Summary; 10 Using Options to Turbocharge Your Returns; Covered Calls: The Espresso of Income Investing; Option Prices; Volatility: An Option Sellers Best Friend; Time Is on Your Side; Who Should Sell Covered Calls? 20% Annual ReturnsSelling Puts; Summary; 11 Foreign Stocks; One Lump or Two?; Lumpy Perpetual Dividend Raisers?; Other Risks; Summary; 12 Taxes; Foreign Taxes; Tax-Deferred Strategies; Tax Law Changes; Summary; Note; Conclusion: The End of the Book, the Beginning of Your Future; Glossary; About the Author; Acknowledgments; Index; EULA |
| Record Nr. | UNINA-9910830749803321 |
|
Lichtenfeld Marc
|
||
| Hoboken, New Jersey : , : Wiley, , 2015 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Practical financial economics [[electronic resource] ] : a new science / / edited by Austin Murphy
| Practical financial economics [[electronic resource] ] : a new science / / edited by Austin Murphy |
| Pubbl/distr/stampa | Westport, Conn., : Praeger, c2003 |
| Descrizione fisica | 1 online resource (254 p.) |
| Disciplina | 332.63/221 |
| Altri autori (Persone) | MurphyAustin <1956-> |
| Soggetto topico |
Corporations - Finance
Risk |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-280-92672-4
9786610926725 0-313-05363-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; Foreword: Enronomics-Desperately Seeking Toto; Preface; Introduction; 1 The Outlook for Equity Values: Stocks May Underperform Bonds in the Twenty-First Century; 2 How Uncertain Is Firm Valuation?; 3 Valuation: A Case Study of Scientifically Valuing Enron Using the Historical Financial Statements; 4 Was the Writing on the Wall for Enron? The Importance of Strategy Analysis to Financial Analysts; 5 Financial Analysts and Enron: Asleep at the Wheel?; 6 Prepaid Forward and Leasing Contracts: A Critical Analysis of a Potentially Useful Form of Financing Employed by Enron
7 A Modern Financial Analysis of the Titanic Disaster: A Timeless Case Study of Excessive Risk-Taking8 A Possible Solution to Excessive Risk-Taking: Using Stock Ownership to Maximize Customer Loyalty; 9 A Critique of the Monday Effect: Beware of Mechanical Trading Rules Derived from Empirical Research in Financial Economics; 10 A Financial Analysis of the Economic Effects Associated with Having to Reverse Current-Account Deficits; Index; About the Editor and Contributors |
| Record Nr. | UNINA-9910449830303321 |
| Westport, Conn., : Praeger, c2003 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Practical financial economics [[electronic resource] ] : a new science / / edited by Austin Murphy
| Practical financial economics [[electronic resource] ] : a new science / / edited by Austin Murphy |
| Pubbl/distr/stampa | Westport, Conn., : Praeger, c2003 |
| Descrizione fisica | 1 online resource (254 p.) |
| Disciplina | 332.63/221 |
| Altri autori (Persone) | MurphyAustin <1956-> |
| Soggetto topico |
Corporations - Finance
Risk |
| ISBN |
1-280-92672-4
9786610926725 0-313-05363-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; Foreword: Enronomics-Desperately Seeking Toto; Preface; Introduction; 1 The Outlook for Equity Values: Stocks May Underperform Bonds in the Twenty-First Century; 2 How Uncertain Is Firm Valuation?; 3 Valuation: A Case Study of Scientifically Valuing Enron Using the Historical Financial Statements; 4 Was the Writing on the Wall for Enron? The Importance of Strategy Analysis to Financial Analysts; 5 Financial Analysts and Enron: Asleep at the Wheel?; 6 Prepaid Forward and Leasing Contracts: A Critical Analysis of a Potentially Useful Form of Financing Employed by Enron
7 A Modern Financial Analysis of the Titanic Disaster: A Timeless Case Study of Excessive Risk-Taking8 A Possible Solution to Excessive Risk-Taking: Using Stock Ownership to Maximize Customer Loyalty; 9 A Critique of the Monday Effect: Beware of Mechanical Trading Rules Derived from Empirical Research in Financial Economics; 10 A Financial Analysis of the Economic Effects Associated with Having to Reverse Current-Account Deficits; Index; About the Editor and Contributors |
| Record Nr. | UNINA-9910783449203321 |
| Westport, Conn., : Praeger, c2003 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Practical financial economics : a new science / / edited by Austin Murphy
| Practical financial economics : a new science / / edited by Austin Murphy |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Westport, Conn. : , : Praeger, , c2003 |
| Descrizione fisica | 1 online resource (254 p.) |
| Disciplina | 332.63/221 |
| Altri autori (Persone) | MurphyAustin <1956-> |
| Soggetto topico |
Corporations - Finance
Risk |
| ISBN |
979-84-00-69998-6
1-280-92672-4 9786610926725 0-313-05363-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; Foreword: Enronomics-Desperately Seeking Toto; Preface; Introduction; 1 The Outlook for Equity Values: Stocks May Underperform Bonds in the Twenty-First Century; 2 How Uncertain Is Firm Valuation?; 3 Valuation: A Case Study of Scientifically Valuing Enron Using the Historical Financial Statements; 4 Was the Writing on the Wall for Enron? The Importance of Strategy Analysis to Financial Analysts; 5 Financial Analysts and Enron: Asleep at the Wheel?; 6 Prepaid Forward and Leasing Contracts: A Critical Analysis of a Potentially Useful Form of Financing Employed by Enron
7 A Modern Financial Analysis of the Titanic Disaster: A Timeless Case Study of Excessive Risk-Taking8 A Possible Solution to Excessive Risk-Taking: Using Stock Ownership to Maximize Customer Loyalty; 9 A Critique of the Monday Effect: Beware of Mechanical Trading Rules Derived from Empirical Research in Financial Economics; 10 A Financial Analysis of the Economic Effects Associated with Having to Reverse Current-Account Deficits; Index; About the Editor and Contributors |
| Record Nr. | UNINA-9910828703803321 |
| Westport, Conn. : , : Praeger, , c2003 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Valuation techniques [[electronic resource] ] : discounted cash flow, earnings quality, measures of value added, and real options / / David T. Larrabee and Jason A. Voss
| Valuation techniques [[electronic resource] ] : discounted cash flow, earnings quality, measures of value added, and real options / / David T. Larrabee and Jason A. Voss |
| Autore | Larrabee David T |
| Edizione | [1st edition] |
| Pubbl/distr/stampa | Hoboken, N.J., : John Wiley & Sons, c2013 |
| Descrizione fisica | 1 online resource (624 p.) |
| Disciplina | 332.63/221 |
| Altri autori (Persone) | VossJason Apollo |
| Collana | CFA Institute investment perspectives series |
| Soggetto topico |
Corporations - Valuation
Investment analysis |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-118-41760-7
1-283-70025-5 1-118-42179-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Valuation Techniques: Discounted Cash Flow, Earnings Quality, Measures of Value Added, and Real Options; Copyright; Contents; Foreword; Introduction; Part I: Valuation Perspectives: Then and Now; Chapter 1: Two Illustrative Approaches to Formula Valuations of Common Stocks; Notes; Chapter 2: Seeking a Margin of Safety and Valuation; Two Basic Investment Goals; The Price of Money is Fake; The Future is Uncertain; Dealing with Macro Risk; Owning an Enterprise Preserves Purchasing Power; Seek a Margin of Safety; Valuation; Business Model Erosion; Focus on Assets, Not on Residual Equity
Management Flexibility to Look Different; Conclusion; Question and Answer Session; Note; Part II: Valuation Methodologies; Chapter 3: Company Performance and Measures of Value Added; Foreword; Acknowledgments; Introduction; How Value Is Created; Relating New Performance Methods to Capital-Budgeting Techniques; Summary; Traditional Measures of Performance; Return-on-Investment Ratios; Tobin's; Summary; Measures of Value Added; Economic Profit; Market Value Added; Reconciling Economic Value Added with Market Value Added; Challenges in Applying Value-Added Measures; Holt's Cfroi; Summary Comparison of Alternative Performance MeasuresThe Sample; The Variables; Empirical Results; Summary; Conclusions; Appendix 3A: The Firm's Cost Of Capital; Cost of Debt; Cost of Preferred Stock; The Cost of Common Equity; Weighted-Average Cost of Capital; Issues in Calculating a WACC; Appendix 3B: Net Present Value and Internal Rate of Return; Glossary; Notes; References; Chapter 4: The Affordable Dividend Approach to Equity Valuation; Affordable Dividends; Affordable vs. Conventional dividends; Significance of Difference; Book Value vs. Economic Value weights; Conclusion; Notes Chapter 5: Discounted-Cash-Flow Approach to Valuation The DCF Formula; Estimation of Cash Flows; Discount Rate; Definition; External Factors; Internal Factors; Components; Terminal Value; Conclusion; Question and Answer Section; Note; Chapter 6: Equity Securities Analysis Case Study: Merck & Company; Recent Annual Reports; Strategic Objectives; Structural Reorganization; Position on Health Care Reform; Outlook for the Future; Fundamentals of the U.S. Pharmaceutical Industry; Pricing and the Demand for Pharmaceuticals; Consolidation and Joint Ventures; Marketing Trends International Competition The U.S. Political/Regulatory Environment; Tasks to be Completed; Appendix 6A: Merck & Company Financial Data; Appendix 6B: Statistical Data: Pharmaceutical Industry; Appendix 6C: Competitive Strategy Analysis Framework; Appendix 6D: Review of the Dupont Financial Ratio Analysis Method; Appendix 6E: Selected Valuation Methods; Single-Stage Constant-Growth DCF Model; Multistage DCF Model; H-Model; Financial Ratios Approaches; Guideline Answers: The Merck Case; The Current Issues Involved in Marketing Pharmaceuticals The Competitive Structure of the U.S. Pharmaceutical Industry |
| Record Nr. | UNINA-9910461795603321 |
|
Larrabee David T
|
||
| Hoboken, N.J., : John Wiley & Sons, c2013 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Valuation techniques [[electronic resource] ] : discounted cash flow, earnings quality, measures of value added, and real options / / David T. Larrabee and Jason A. Voss
| Valuation techniques [[electronic resource] ] : discounted cash flow, earnings quality, measures of value added, and real options / / David T. Larrabee and Jason A. Voss |
| Autore | Larrabee David T |
| Edizione | [1st edition] |
| Pubbl/distr/stampa | Hoboken, N.J., : John Wiley & Sons, c2013 |
| Descrizione fisica | 1 online resource (624 p.) |
| Disciplina | 332.63/221 |
| Altri autori (Persone) | VossJason Apollo |
| Collana | CFA Institute investment perspectives series |
| Soggetto topico |
Corporations - Valuation
Investment analysis |
| ISBN |
1-118-41760-7
1-283-70025-5 1-118-42179-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Valuation Techniques: Discounted Cash Flow, Earnings Quality, Measures of Value Added, and Real Options; Copyright; Contents; Foreword; Introduction; Part I: Valuation Perspectives: Then and Now; Chapter 1: Two Illustrative Approaches to Formula Valuations of Common Stocks; Notes; Chapter 2: Seeking a Margin of Safety and Valuation; Two Basic Investment Goals; The Price of Money is Fake; The Future is Uncertain; Dealing with Macro Risk; Owning an Enterprise Preserves Purchasing Power; Seek a Margin of Safety; Valuation; Business Model Erosion; Focus on Assets, Not on Residual Equity
Management Flexibility to Look Different; Conclusion; Question and Answer Session; Note; Part II: Valuation Methodologies; Chapter 3: Company Performance and Measures of Value Added; Foreword; Acknowledgments; Introduction; How Value Is Created; Relating New Performance Methods to Capital-Budgeting Techniques; Summary; Traditional Measures of Performance; Return-on-Investment Ratios; Tobin's; Summary; Measures of Value Added; Economic Profit; Market Value Added; Reconciling Economic Value Added with Market Value Added; Challenges in Applying Value-Added Measures; Holt's Cfroi; Summary Comparison of Alternative Performance MeasuresThe Sample; The Variables; Empirical Results; Summary; Conclusions; Appendix 3A: The Firm's Cost Of Capital; Cost of Debt; Cost of Preferred Stock; The Cost of Common Equity; Weighted-Average Cost of Capital; Issues in Calculating a WACC; Appendix 3B: Net Present Value and Internal Rate of Return; Glossary; Notes; References; Chapter 4: The Affordable Dividend Approach to Equity Valuation; Affordable Dividends; Affordable vs. Conventional dividends; Significance of Difference; Book Value vs. Economic Value weights; Conclusion; Notes Chapter 5: Discounted-Cash-Flow Approach to Valuation The DCF Formula; Estimation of Cash Flows; Discount Rate; Definition; External Factors; Internal Factors; Components; Terminal Value; Conclusion; Question and Answer Section; Note; Chapter 6: Equity Securities Analysis Case Study: Merck & Company; Recent Annual Reports; Strategic Objectives; Structural Reorganization; Position on Health Care Reform; Outlook for the Future; Fundamentals of the U.S. Pharmaceutical Industry; Pricing and the Demand for Pharmaceuticals; Consolidation and Joint Ventures; Marketing Trends International Competition The U.S. Political/Regulatory Environment; Tasks to be Completed; Appendix 6A: Merck & Company Financial Data; Appendix 6B: Statistical Data: Pharmaceutical Industry; Appendix 6C: Competitive Strategy Analysis Framework; Appendix 6D: Review of the Dupont Financial Ratio Analysis Method; Appendix 6E: Selected Valuation Methods; Single-Stage Constant-Growth DCF Model; Multistage DCF Model; H-Model; Financial Ratios Approaches; Guideline Answers: The Merck Case; The Current Issues Involved in Marketing Pharmaceuticals The Competitive Structure of the U.S. Pharmaceutical Industry |
| Record Nr. | UNINA-9910785921503321 |
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Larrabee David T
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| Hoboken, N.J., : John Wiley & Sons, c2013 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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