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Title
Analytical corporate valuation : fundamental analysis, asset pricing, and company valuation / Pasquale De Luca.
ISBN
9783319935515 (electronic book)
3319935518 (electronic book)
331993550X
9783319935508
Published
Cham, Switzerland : Springer Nature, 2018.
Language
English
Description
1 online resource
Call Number
HG4028.V3 L83 2018
Dewey Decimal Classification
332.63/2042
Summary
This book integrates the models employed in the fundamental analysis of a company with the models used by investors in the capital markets to diversify risks and maximize expected returns. The underlying thesis is that the company creates value only if the return on capital invested exceeds the cost of capital, while the objective is to demonstrate how integration of the fields of corporate finance and asset pricing enables comprehensive and accurate company valuation. Companies can thrive only if they are able to create value for shareholders over time. A company's value creation and the correct approach to its measurement require two main skills: first, the ability to analyze and evaluate the company's fundamentals with respect to its business model and its performance over time; and second, knowledge of investors' models with regard to risk diversification and return maximization from which the cost of capital for the firm is derived. Based on this perspective, the book combines rigorous quantitative analysis with effective use of graphics to aid intuitive understanding.
Bibliography, etc. Note
Includes bibliographical references.
Access Note
Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (viewed November 6, 2018).
Part I Fundamental analysis of the company
1 "Strategic Formula" of the firm
2 Economic and financial dynamics of the firm
Part II Asset pricing
3 Risk and return in the capital market
4 Mean-variance approach
5 Equilibrium models in capital market
Part III Corporate value
6 Capital structure choices of the company and the cost of capital
7 Equity valuation
8 Enterprise valuation
9 Option valuation.
