Principles of Equity Valuation

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Principles of Equity Valuation

Format:  Hardcover,

310 pages

Publisher: Taylor & Francis

Publish Date: Aug 2012

ISBN-13: 9780415696029

ISBN-10: 041569602X

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Book Information

The following content was provided by the publisher.

The book provides a rigorous introduction to corporate finance and the valuation of equity. The first half of the book covers much of the received theory in these areas such as the relationship between the risk of an equity security and the return one can expect from it, the effects of leverage (that is, the borrowing policies of the firm) on the return one can expect from the firm s shares and the role that dividends, operating cash flows and accounting earnings play in the valuation of equity. The second half of the book is more advanced and deals with the important role that "real options" (that is, as yet unexploited investment opportunities) play in the valuation of equity.

Specifications

Publisher: Taylor & Francis
Publish Date: Aug 2012
ISBN-13: 9780415696029
ISBN-10: 041569602X
Format: Hardcover
Number of Pages: 310
Shipping Weight (in pounds): 1.6
Product in Inches (L x W x H): 7.5 x 9.75 x 0.75
Walmart No.: 9780415696029

Chapter outline

Introduction
The Measurement of Returns on Bonds, Equities and Other Financial Instruments
The Relationship between Risk and Return
Alternative Approaches to the Relationship between Risk and Return
Returns and the Capital Structure of the Firm
The Relationship between Equity Value, Dividends and Other Cash Flow Streams
The Relationship between Book (Accounting) Rates of Return and the Cost of Capital for Firms and Capital Projects
Statistical Foundations: First Order Stochastic Differential Equations
Statistical Foundations: Systems of and Higher Order Stochastic Differential Equations
Equity Valuation: A Canonical Model
Equity Valuation: Non-Linearities and Scaling
Equity Valuation: Multi-Variable Investment Opportunity Sets
Equity Valuation: Higher Order Investment Opportunity Sets, Momentum and Acceleration

Book description

The book provides a rigorous introduction to corporate finance and the valuation of equity. The first half of the book covers much of the received theory in these areas such as the relationship between the risk of an equity security and the return one can expect from it, the effects of leverage (that is, the borrowing policies of the firm) on the return one can expect from the firm’s shares and the role that dividends, operating cash flows and accounting earnings play in the valuation of equity. The second half of the book is more advanced and deals with the important role that "real options" (that is, as yet unexploited investment opportunities) play in the valuation of equity.

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