Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms

Stochastic Discounted Cash Flow A Theory of the Valuation of Firms

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, whi...

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Detalles Bibliográficos
Autores principales: Kruschwitz, Lutz. author (author), Löffler, Andreas. author
Formato: Libro electrónico
Idioma:Inglés
Publicado: Cham Springer Nature 2020
Cham : 2020.
Edición:1st ed. 2020.
Colección:Springer Texts in Business and Economics,
Materias:
Macroeconomics.
Investment banking.
Securities.
Business mathematics.
Macroeconomics/Monetary Economics//Financial Economics.
Investments and Securities.
Business Mathematics.
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
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009670634306719
Tabla de Contenidos:
  • 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.

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