E-Book, Englisch, 76 Seiten
Reihe: SpringerBriefs in Finance
Corelli Inside Company Valuation
1. Auflage 2017
ISBN: 978-3-319-53783-2
Verlag: Springer Nature Switzerland
Format: PDF
Kopierschutz: 1 - PDF Watermark
E-Book, Englisch, 76 Seiten
Reihe: SpringerBriefs in Finance
ISBN: 978-3-319-53783-2
Verlag: Springer Nature Switzerland
Format: PDF
Kopierschutz: 1 - PDF Watermark
This book presents an in-depth overview of the most popular approaches to corporate valuation, with useful insights about innovations and possible improvements in that field. The book will help to understand the principles and methods of company valuation and acquire the knowledge required to perform valuations of corporate equity. The author concludes his analysis with two real case studies based on the experience of the two most popular initial public offerings that took place in the last years: Facebook and Twitter.
Angelo Corelli is Associate Professor of Finance at the American University in Dubai. His field of expertise is Financial Risk Management with a focus on Credit Risk. Angelo's research topics span from Quantitative Risk Management to Term Structure Analysis and Valuation / Risk of Financial Derivatives. The main focus of his teaching lies on Corporate Finance with a special emphasis on Corporate Valuation mechanisms.
Autoren/Hrsg.
Weitere Infos & Material
1;Preface;7
1.1;A Modern Approach;7
1.2;An Innovative Pedagogy;8
1.3;A Selected Audience;8
1.4;A Reliable Partner for Instructors;9
2;Acknowledgements;10
3;Contents;11
4;1 The Value of the Firm;12
4.1;Abstract;12
4.2;1.1 The Determinants of Corporate Value;13
4.3;1.2 Balance-Sheet-Based Methods;15
4.4;1.3 Income-Statement-Based Methods;17
4.5;1.4 Goodwill-Based Methods;19
4.6;Bibliography;23
5;2 Dividend-Based Valuation;25
5.1;Abstract;25
5.2;2.1 Dividend Discount Models;26
5.3;2.2 The Gordon Growth Model;28
5.4;2.3 Multiple-Stage Growth Model;31
5.5;2.4 Dividend Valuation Models and Market Efficiency;35
5.6;Bibliography;37
6;3 Free-Cash-Flow-Based Methods;38
6.1;Abstract;38
6.2;3.1 The Determinants of Cash Flows;39
6.3;3.2 The Growth Rate;42
6.4;3.3 Cash Flows and Corporate Value;46
6.5;Bibliography;48
7;4 The Valuation of Private Firms;49
7.1;Abstract;49
7.2;4.1 Beta Estimation;50
7.3;4.2 Cost of Debt Estimation;56
7.4;4.3 Growth and Terminal Value;58
7.5;Bibliography;66
8;5 A Real Case: Facebook;67
8.1;Abstract;67
8.2;5.1 A Strange IPO;68
8.3;5.2 The Firm’s Fundamentals;71
8.4;5.3 The Solution to the Case Study;72
8.5;Bibliography;76
