Handbook of the Equity Risk Premium

Handbook of the Equity Risk Premium
Author: Rajnish Mehra
Publsiher: Elsevier
Total Pages: 634
Release: 2011-08-11
ISBN 10: 9780080555850
ISBN 13: 0080555853
Language: EN, FR, DE, ES & NL

Handbook of the Equity Risk Premium Book Review:

Edited by Rajnish Mehra, this volume focuses on the equity risk premium puzzle, a term coined by Mehra and Prescott in 1985 which encompasses a number of empirical regularities in the prices of capital assets that are at odds with the predictions of standard economic theory.

Valuation Handbook U S Guide to Cost of Capital

Valuation Handbook   U S  Guide to Cost of Capital
Author: Roger J. Grabowski,James P. Harrington,Carla Nunes
Publsiher: John Wiley & Sons
Total Pages: 268
Release: 2017-06-09
ISBN 10: 1119446058
ISBN 13: 9781119446057
Language: EN, FR, DE, ES & NL

Valuation Handbook U S Guide to Cost of Capital Book Review:

The Valuation Handbook – U.S. Guide to Cost of Capital, 2011 Essentials Edition includes two sets of valuation data: Data previously published in the 2011 Duff & Phelps Risk Premium Report Data previously published in the Morningstar/Ibbotson 2011 Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook The Valuation Handbook – 2011 U.S. Essentials Edition includes data through December 31, 2010, and is intended to be used for 2011 valuation dates. The Valuation Handbook – U.S. Guide to Cost of Capital, Essentials Editions are designed to function as historical archives of the two sets of valuation data previously published annually in: The Morningstar/Ibbotson Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook from 1999 through 2013 The Duff & Phelps Risk Premium Report from 1999 through 2013 The Duff & Phelps Valuation Handbook – U.S. Guide to Cost of Capital from 2014 The Valuation Handbook – U.S. Essentials Editions are ideal for valuation analysts needing "historical" valuation data for use in: The preparation of carve-out historical financial statements, in cases where historical goodwill impairment testing is necessary Valuing legal entities as of vintage date for tax litigation related to a prior corporate restructuring Tax litigation related to historical transfer pricing policies, etc. The Valuation Handbook – U.S. Essentials Editions are also designed to serve the needs of: Corporate finance officers for pricing or evaluating mergers and acquisitions, raising private or public equity, property taxation, and stakeholder disputes Corporate officers for the evaluation of investments for capital budgeting decisions Investment bankers for pricing public offerings, mergers and acquisitions, and private equity financing CPAs who deal with either valuation for financial reporting or client valuations issues Judges and attorneys who deal with valuation issues in mergers and acquisitions, shareholder and partner disputes, damage cases, solvency cases, bankruptcy reorganizations, property taxes, rate setting, transfer pricing, and financial reporting For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks.

The Equity Risk Premium

The Equity Risk Premium
Author: William N. Goetzmann,Roger G. Ibbotson
Publsiher: Oxford University Press
Total Pages: 576
Release: 2006-11-16
ISBN 10: 0199881979
ISBN 13: 9780199881970
Language: EN, FR, DE, ES & NL

The Equity Risk Premium Book Review:

What is the return to investing in the stock market? Can we predict future stock market returns? How have equities performed over the last two centuries? The authors in this volume are among the leading researchers in the study of these questions. This book draws upon their research on the stock market over the past two dozen years. It contains their major research articles on the equity risk premium and new contributions on measuring, forecasting, and timing stock market returns, together with new interpretive essays that explore critical issues and new research on the topic of stock market investing. This book is aimed at all readers interested in understanding the empirical basis for the equity risk premium. Through the analysis and interpretation of two scholars whose research contributions have been key factors in the modern debate over stock market perfomance, this volume engages the reader in many of the key issues of importance to investors. How large is the premium? Is history a reliable guide to predict future equity returns? Does the equity and cash flows of the market? Are global equity markets different from those in the United States? Do emerging markets offer higher or lower equity risk premia? The authors use the historical performance of the world's stock markets to address these issues.

Valuation Handbook U S Guide to Cost of Capital

Valuation Handbook   U S  Guide to Cost of Capital
Author: Roger J. Grabowski,James P. Harrington,Carla Nunes
Publsiher: John Wiley & Sons
Total Pages: 329
Release: 2017-06-05
ISBN 10: 1119445841
ISBN 13: 9781119445845
Language: EN, FR, DE, ES & NL

Valuation Handbook U S Guide to Cost of Capital Book Review:

The Valuation Handbook – U.S. Guide to Cost of Capital, 1999 Essentials Edition includes two sets of valuation data: Data previously published in the 1999 Duff & Phelps Risk Premium Report Data previously published in the Morningstar/Ibbotson 1999 Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook The Valuation Handbook – 1999 U.S. Essentials Edition includes data through December 31, 1998, and is intended to be used for 1999 valuation dates. The Valuation Handbook – U.S. Guide to Cost of Capital, Essentials Editions are designed to function as historical archives of the two sets of valuation data previously published annually in: The Morningstar/Ibbotson Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook from 1999 through 2013 The Duff & Phelps Risk Premium Report from 1999 through 2013 The Duff & Phelps Valuation Handbook – U.S. Guide to Cost of Capital from 2014 The Valuation Handbook – U.S. Essentials Editions are ideal for valuation analysts needing "historical" valuation data for use in: The preparation of carve-out historical financial statements, in cases where historical goodwill impairment testing is necessary Valuing legal entities as of vintage date for tax litigation related to a prior corporate restructuring Tax litigation related to historical transfer pricing policies, etc. The Valuation Handbook – U.S. Essentials Editions are also designed to serve the needs of: Corporate finance officers for pricing or evaluating mergers and acquisitions, raising private or public equity, property taxation, and stakeholder disputes Corporate officers for the evaluation of investments for capital budgeting decisions Investment bankers for pricing public offerings, mergers and acquisitions, and private equity financing CPAs who deal with either valuation for financial reporting or client valuations issues Judges and attorneys who deal with valuation issues in mergers and acquisitions, shareholder and partner disputes, damage cases, solvency cases, bankruptcy reorganizations, property taxes, rate setting, transfer pricing, and financial reporting For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks.

The Handbook of Equity Market Anomalies

The Handbook of Equity Market Anomalies
Author: Leonard Zacks
Publsiher: John Wiley & Sons
Total Pages: 352
Release: 2011-08-24
ISBN 10: 1118127765
ISBN 13: 9781118127766
Language: EN, FR, DE, ES & NL

The Handbook of Equity Market Anomalies Book Review:

Investment pioneer Len Zacks presents the latest academicresearch on how to beat the market using equity anomalies The Handbook of Equity Market Anomalies organizes andsummarizes research carried out by hundreds of finance andaccounting professors over the last twenty years to identify andmeasure equity market inefficiencies and provides self-directedindividual investors with a framework for incorporating the resultsof this research into their own investment processes. Edited by LenZacks, CEO of Zacks Investment Research, and written by leadingprofessors who have performed groundbreaking research on specificanomalies, this book succinctly summarizes the most importantanomalies that savvy investors have used for decades to beat themarket. Some of the anomalies addressed include the accrual anomaly, netstock anomalies, fundamental anomalies, estimate revisions, changesin and levels of broker recommendations, earnings-per-sharesurprises, insider trading, price momentum and technical analysis,value and size anomalies, and several seasonal anomalies. Thisreliable resource also provides insights on how to best use thevarious anomalies in both market neutral and in long investorportfolios. A treasure trove of investment research and wisdom, thebook will save you literally thousands of hours by distilling theessence of twenty years of academic research into eleven clearchapters and providing the framework and conviction to developmarket-beating strategies. Strips the academic jargon from the research and highlights theactual returns generated by the anomalies, and documented in theacademic literature Provides a theoretical framework within which to understand theconcepts of risk adjusted returns and market inefficiencies Anomalies are selected by Len Zacks, a pioneer in the field ofinvesting As the founder of Zacks Investment Research, Len Zacks pioneeredthe concept of the earnings-per-share surprise in 1982 anddeveloped the Zacks Rank, one of the first anomaly-based stockselection tools. Today, his firm manages U.S. equities forindividual and institutional investors and provides investmentsoftware and investment data to all types of investors. Now, withhis new book, he shows you what it takes to build a quant processto outperform an index based on academically documented marketinefficiencies and anomalies.

Financial Markets and the Real Economy

Financial Markets and the Real Economy
Author: John Howland Cochrane
Publsiher: Now Publishers Inc
Total Pages: 103
Release: 2005
ISBN 10: 1933019158
ISBN 13: 9781933019154
Language: EN, FR, DE, ES & NL

Financial Markets and the Real Economy Book Review:

Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.

2017 Valuation Handbook U S Guide to Cost of Capital

2017 Valuation Handbook   U S  Guide to Cost of Capital
Author: Roger J. Grabowski,Carla Nunes,James P. Harrington,Duff & Phelps
Publsiher: John Wiley & Sons
Total Pages: 400
Release: 2017-04-10
ISBN 10: 1119367123
ISBN 13: 9781119367123
Language: EN, FR, DE, ES & NL

2017 Valuation Handbook U S Guide to Cost of Capital Book Review:

Ensure that you're using the most up-to-date data available: Buy the 2017 Valuation Handbook – U.S. Guide to Cost of Capital + Quarterly PDF Updates together! The New Industry Standard in Business Valuation Reference Materials 2017 Valuation Handbook – U.S. Guide to Cost of Capital provides the key annual valuation data previously published in (i) the now discontinued Morningstar/Ibbotson SBBI Valuation Yearbook (discontinued in 2013), and (ii) the Duff & Phelps Risk Premium Report Study (no longer published as a stand-alone publication). The size premia data previously published in the SBBI Valuation Yearbook is referred to as the "CRSP Deciles Size Premia" exhibits in the new 2017 Valuation Handbook – U.S. Guide to Cost of Capital, while the size and risk premia data published in the Duff & Phelps Risk Premium Report Study has been published annually since 1996 and, like the former SBBI Valuation Yearbook, provides data and methodology that can be used to develop cost of equity capital estimates using (i) the build-up method and (ii) the capital asset pricing model (CAPM). The 2017 Valuation Handbook – U.S. Guide to Cost of Capital includes data through December 31, 2016, and is intended to be used for 2017 valuation dates. For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks. Also Available 2017 Valuation Handbook – U.S. Industry Cost of Capital 2017 Valuation Handbook – International Guide to Cost of Capital 2017 Valuation Handbook – International Industry Cost of Capital Key Features Key cost of capital inputs: The 2017 Valuation Handbook – U.S. Guide to Cost of Capital provides the key inputs needed for developing the cost of equity capital (i.e., "discount rate") for use in estimating the value of a subject business, business ownership interest, security, or intangible asset. Inputs provided include: equity risk premia, size premia, risk premia over the risk free rate, full-information industry betas, industry risk premia, and the risk-free rate. Discussion of topics that come up most when performing valuation analysis: The 2017 Valuation Handbook – U.S. Guide to Cost of Capital includes straightforward discussions about: (i) valuation theory, (ii) the differences between the various cost of capital estimation models (build-up, CAPM, Fama-French), (iii) understanding the basic building blocks of cost of equity capital (the risk-free rate, the equity risk premium, the size premium, beta, the industry risk premium, the company-specific risk premium), (iv) whether to "normalize" risk-free rates or not, (v) a detailed comparison of the CRSP Deciles Size Premia Study (the former SBBI Valuation Yearbook data) and the Risk Premium Report Study, and more. Easy-to-follow examples: The 2017 Valuation Handbook – U.S. Guide to Cost of Capital is packed with easy-to-understand examples for properly using the data to develop levered, unlevered, and even "high-financial-risk" cost of equity capital estimates using various build-up methods and CAPM.

The Equity Risk Premium A Contextual Literature Review

The Equity Risk Premium  A Contextual Literature Review
Author: Laurence B. Siegel
Publsiher: CFA Institute Research Foundation
Total Pages: 30
Release: 2017-12-08
ISBN 10: 1944960325
ISBN 13: 9781944960322
Language: EN, FR, DE, ES & NL

The Equity Risk Premium A Contextual Literature Review Book Review:

Research into the equity risk premium, often considered the most important number in finance, falls into three broad groupings. First, researchers have measured the margin by which equity total returns have exceeded fixed-income or cash returns over long historical periods and have projected this measure of the equity risk premium into the future. Second, the dividend discount model—or a variant of it, such as an earnings discount model—is used to estimate the future return on an equity index, and the fixed-income or cash yield is then subtracted to arrive at an equity risk premium expectation or forecast. Third, academics have used macroeconomic techniques to estimate what premium investors might rationally require for taking the risk of equities. Current thinking emphasizes the second, or dividend discount, approach and projects an equity risk premium centered on 3½% to 4%.

Handbook of Market Risk

Handbook of Market Risk
Author: Christian Szylar
Publsiher: John Wiley & Sons
Total Pages: 432
Release: 2013-10-16
ISBN 10: 111857298X
ISBN 13: 9781118572986
Language: EN, FR, DE, ES & NL

Handbook of Market Risk Book Review:

A ONE-STOP GUIDE FOR THE THEORIES, APPLICATIONS, AND STATISTICALMETHODOLOGIES OF MARKET RISK Understanding and investigating the impacts of market risk onthe financial landscape is crucial in preventing crises. Written bya hedge fund specialist, the Handbook of Market Risk is thecomprehensive guide to the subject of market risk. Featuring a format that is accessible and convenient, thehandbook employs numerous examples to underscore the application ofthe material in a real-world setting. The book starts byintroducing the various methods to measure market risk whilecontinuing to emphasize stress testing, liquidity, and interestrate implications. Covering topics intrinsic to understanding andapplying market risk, the handbook features: An introduction to financial markets The historical perspective from market events and diverse mathematics to the value-at-risk Return and volatility estimates Diversification, portfolio risk, and efficient frontier The Capital Asset Pricing Model and the Arbitrage Pricing Theory The use of a fundamental multi-factors model Financial derivatives instruments Fixed income and interest rate risk Liquidity risk Alternative investments Stress testing and back testing Banks and Basel II/III The Handbook of Market Risk is a must-have resource forfinancial engineers, quantitative analysts, regulators, riskmanagers in investments banks, and large-scale consultancy groupsadvising banks on internal systems. The handbook is also anexcellent text for academics teaching postgraduate courses onfinancial methodology.

Cost of Capital in Litigation

Cost of Capital in Litigation
Author: Shannon P. Pratt,Roger J. Grabowski
Publsiher: John Wiley & Sons
Total Pages: 336
Release: 2010-10-26
ISBN 10: 9780470944912
ISBN 13: 0470944919
Language: EN, FR, DE, ES & NL

Cost of Capital in Litigation Book Review:

Cost of Capital in Litigation addresses cost of capital issues in litigation and discusses major decisions, highlighting how to avoid errors that have often been made by experts. The book helps the attorney and valuation expert understand the decisions within the context of the theory of cost of capital and includes a chapter on cross-examining experts on cost of capital issues. Throughout, there are citation to relevant material and cross-reference to Cost of Capital: Applications and Examples, Fourth Edition.

2017 Valuation Handbook U S Guide to Cost of Capital Quarterly PDF Updates Set

2017 Valuation Handbook   U S  Guide to Cost of Capital   Quarterly PDF Updates  Set
Author: Roger J. Grabowski,Carla Nunes,James P. Harrington,Duff & Phelps
Publsiher: Wiley
Total Pages: 400
Release: 2017-06-06
ISBN 10: 9781119367161
ISBN 13: 1119367166
Language: EN, FR, DE, ES & NL

2017 Valuation Handbook U S Guide to Cost of Capital Quarterly PDF Updates Set Book Review:

The New Industry Standard in Business Valuation Reference Materials – with Quarterly PDF Updates 2017 Valuation Handbook – U.S. Guide to Cost of Capital provides the key annual valuation data previously published in (i) the now discontinued Morningstar/Ibbotson SBBI Valuation Yearbook (discontinued in 2013), and (ii) the Duff & Phelps Risk Premium Report Study (no longer published as a stand-alone publication). The size premia data previously published in the SBBI Valuation Yearbook is referred to as the "CRSP Deciles Size Premia" exhibits in the new 2017 Valuation Handbook – U.S. Guide to Cost of Capital, while the size and risk premia data published in the Duff & Phelps Risk Premium Report Study has been published annually since 1996 and, like the former SBBI Valuation Yearbook, provides data and methodology that can be used to develop cost of equity capital estimates using (i) the build-up method and (ii) the capital asset pricing model (CAPM). The 2017 Valuation Handbook – U.S. Guide to Cost of Capital includes data through December 31, 2016, and is intended to be used for 2017 valuation dates. The accompanying PDF Updates refresh industry risk premia and betas from the 2017 Valuation Handbook – U.S. Guide to Cost of Capital on a quarterly basis with data through March, June, and September 2017 for a full year of coverage. For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks. Also Available 2017 Valuation Handbook – Industry Cost of Capital + Quarterly PDF Updates 2017 Valuation Handbook – International Guide to Cost of Capital + Semiannual PDF Update 2017 Valuation Handbook – International Industry Cost of Capital + Semiannual PDF Update Key Features Key cost of capital inputs: The 2017 Valuation Handbook – U.S. Guide to Cost of Capital provides the key inputs needed for developing the cost of equity capital (i.e., "discount rate") for use in estimating the value of a subject business, business ownership interest, security, or intangible asset. Inputs provided include: equity risk premia, size premia, risk premia over the risk-free rate, full-information industry betas, industry risk premia, and the risk-free rate. Discussion of topics that come up most when performing valuation analysis: The 2017 Valuation Handbook – U.S. Guide to Cost of Capital includes straightforward discussions about: (i) valuation theory, (ii) the differences between the various cost of capital estimation models (build-up, CAPM, Fama-French), (iii) understanding the basic building blocks of cost of equity capital (the risk-free rate, the equity risk premium, the size premium, beta, the industry risk premium, the company-specific risk premium), (iv) whether to "normalize" risk-free rates or not), (v) a detailed comparison of the CRSP Deciles Size Premia Study (the former SBBI Valuation Yearbook data) and the Risk Premium Report Study, and more. Easy-to-follow examples: The 2017 Valuation Handbook – U.S. Guide to Cost of Capital is packed with easy-to-understand examples for properly using the data to develop levered, unlevered, and even "high-financial-risk" cost of equity capital estimates using various build-up methods and CAPM.

2017 Valuation Handbook International Guide to Cost of Capital

2017 Valuation Handbook   International Guide to Cost of Capital
Author: Roger J. Grabowski,Carla Nunes,James P. Harrington
Publsiher: John Wiley & Sons
Total Pages: 480
Release: 2017-07-12
ISBN 10: 1119366763
ISBN 13: 9781119366768
Language: EN, FR, DE, ES & NL

2017 Valuation Handbook International Guide to Cost of Capital Book Review:

EVERYTHING YOU NEED FOR ACCURATE INTERNATIONAL COST OF CAPITAL ESTIMATIONS—IN A SINGLE VOLUME The 2017 Valuation Handbook – International Guide to Cost of Capital is part of the U.S. and international series of valuation resources authored by Duff & Phelps and published by John Wiley & Sons. This annually updated reference provides business valuation and finance professionals with the critical data they need to assess risk and develop cost of capital estimates on a global scale. Gauging the risks of an international investment is one of the trickiest aspects of finance. This comprehensive guidebook provides you with usable international data and methodology, and the ability to: Turn to a definitive resource of world-class data and guidance to gain a distinct competitive advantage in real-world situations. Access costly and difficult-to-obtain international data, assembled into easy-to-use cost of capital inputs at an accessible price point. Quickly grasp how concepts and methodologies translate into actual practice when they are brought to life in exemplifying cases. Accurate. Reliable. Trusted. The 2017 Valuation Handbook – International Guide to Cost of Capital gives you the upper hand the moment you open it. Other volumes in the annual series include: 2017 Valuation Handbook – International Industry Cost of Capital 2017 Valuation Handbook – U.S. Guide to Cost of Capital 2017 Valuation Handbook – U.S. Industry Cost of Capital

Handbook of Corporate Equity Derivatives and Equity Capital Markets

Handbook of Corporate Equity Derivatives and Equity Capital Markets
Author: Juan Ramirez
Publsiher: John Wiley & Sons
Total Pages: 444
Release: 2011-09-07
ISBN 10: 1119950775
ISBN 13: 9781119950776
Language: EN, FR, DE, ES & NL

Handbook of Corporate Equity Derivatives and Equity Capital Markets Book Review:

Equity strategies are closely guarded secrets and as such, there is very little written about how investors and corporate can utilise equity vehicles as part of their growth strategies. In this much-needed book, industry expert Juan Ramiraz guides readers through the whole range of equity derivative instruments, showing how they can be applied to a range of equity capital market situations, including hedging, yield enhancement and disposal of strategic stakes, mergers and acquisitions, stock options plan hedging, equity financings, share buybacks and other transactions on treasury shares, bank regulatory capital arbitrage and tax driven situations. The book includes case studies to highlight how equity derivative strategies have been used in real-life situations.

The Equity Risk Premium

The Equity Risk Premium
Author: Bradford Cornell
Publsiher: John Wiley & Sons
Total Pages: 240
Release: 1999-05-26
ISBN 10: 9780471327356
ISBN 13: 0471327352
Language: EN, FR, DE, ES & NL

The Equity Risk Premium Book Review:

The Equity Risk Premium-the difference between the rate of return on common stock and the return on government securities-has been widely recognized as the key to forecasting future returns on the stock market. Though relatively simple in theory, understanding and making practical use of the equity risk premium concept has been dauntingly complex-until now. In The Equity Risk Premium, financial advisor, author, and scholar Bradford Cornell makes accessible for the first time an authoritative explanation of the equity risk premium and how it works in the real world. Step-by-step, his lucid, nontechnical presentation leads the reader to a new and more enlightened basis for making asset allocation choices. Cornell begins his analysis by looking at the equity risk premium in the light of stock market history. He examines the use of historical data in estimating future stock market performance, including the historical relationship between stock returns and risk premium, the impact of survival bias, and the effect of long-horizon stock and bond returns. Using the stock market boom of the 1990s as a case study, Cornell demonstrates what equity risk premium analysis can tell us about whether stock prices are high or low, whether the stock market itself may have changed, and whether indeed a new economic paradigm of higher earnings and dividend growth is now in place. Cornell analyzes forward-looking estimates of the equity risk premium through the lens of various competing approaches and assesses the relative merits of each. Among those scrutinized are the Discounted Cash Flow model, the Kaplan-Rubeck study, the Welch survey, and the Fama-French Aggregate IRR analysis. His insights on risk aversion theory, on the types of risk that have been rewarded over time, and on changing investor demographics all supply the sophisticated investor with important pieces of the risk premium puzzle. In his invaluable summing up of the equity risk premium and the long-run outlook for common stocks, Cornell weighs the evidence and assays the impact of a lower equity risk premium in the future-and its profound implications for investments, corporate decision making, and retirement planning. The product of years of serious analysis and hard-won insights, The Equity Risk Premium is essential reading for institutional investors, money managers, corporate financial officers, and all others who require a higher level of market analysis. "The Equity Risk Premium plays a critical role in legal and regulatory matters related to corporate finance. Along with the cost of debt, it is the most important determinant of a company's cost of capital. As such, it is an integral part of the decision-making process in corporate finance. For instance, whether or not a major acquisition makes sense can depend on the assumed value of the equity risk premium. In addition, the equity risk premium is an issue that regulatory bodies consider when they set fair rates of return for regulated companies. Cornell's book is an important contribution because it includes both an historical analysis of the equity risk premium and provides tools for forecasting reasonable levels of the risk premium in the years ahead."-Theodore N. Miller, Partner, Sidley & Austin. "Estimating how well stocks will do in the future from how well they have done in the past is like driving a car while looking in the rearview mirror. Brad Cornell provides us with an important forward-looking view in this easily understood guide to the equity risk premium and confounds the popular view that stocks will do well in the future because they have done well in the past."-Michael Brennan, Past President of the American Finance Association and Professor of Finance at the University of California at Los Angeles.

The Lawyer s Business Valuation Handbook

The Lawyer s Business Valuation Handbook
Author: Shannon P. Pratt
Publsiher: American Bar Association
Total Pages: 472
Release: 2000-01-01
ISBN 10: 9781570738296
ISBN 13: 1570738297
Language: EN, FR, DE, ES & NL

The Lawyer s Business Valuation Handbook Book Review:

This is a practical guide that will help lawyers and judges assess the qualifications of a business appraiser and the reliability of the information presented, and will enable them to work with valuation issues more efficiently and effectively.

Handbook of Financial Risk Management

Handbook of Financial Risk Management
Author: Thierry Roncalli
Publsiher: CRC Press
Total Pages: 1142
Release: 2020-04-23
ISBN 10: 1351385224
ISBN 13: 9781351385220
Language: EN, FR, DE, ES & NL

Handbook of Financial Risk Management Book Review:

Developed over 20 years of teaching academic courses, the Handbook of Financial Risk Management can be divided into two main parts: risk management in the financial sector; and a discussion of the mathematical and statistical tools used in risk management. This comprehensive text offers readers the chance to develop a sound understanding of financial products and the mathematical models that drive them, exploring in detail where the risks are and how to manage them. Key Features: Written by an author with both theoretical and applied experience Ideal resource for students pursuing a master’s degree in finance who want to learn risk management Comprehensive coverage of the key topics in financial risk management Contains 114 exercises, with solutions provided online at www.crcpress.com/9781138501874

The Equity Premium Puzzle

The Equity Premium Puzzle
Author: Rajnish Mehra
Publsiher: Now Publishers Inc
Total Pages: 96
Release: 2007-08-30
ISBN 10: 1601980647
ISBN 13: 9781601980649
Language: EN, FR, DE, ES & NL

The Equity Premium Puzzle Book Review:

Over two decades ago, Mehra and Prescott (1985) challenged the finance profession with a poser: the historical US equity premium is an order of magnitude greater than can be rationalized in the context of the standard neoclassical paradigm of financial economics. This regularity, dubbed "the equity premium puzzle," has spawned a plethora of research efforts to explain it away. In this review, the author takes a retrospective look at the original paper and explains the conclusion that the equity premium is not a premium for bearing non-diversifiable risk.

Valuation Handbook U S Guide to Cost of Capital

Valuation Handbook   U S  Guide to Cost of Capital
Author: Roger J. Grabowski,Carla Nunes,James P. Harrington
Publsiher: John Wiley & Sons
Total Pages: 256
Release: 2017-06-05
ISBN 10: 1119445957
ISBN 13: 9781119445951
Language: EN, FR, DE, ES & NL

Valuation Handbook U S Guide to Cost of Capital Book Review:

The Valuation Handbook – U.S. Guide to Cost of Capital, 2005 Essentials Edition includes two sets of valuation data: Data previously published in the 2005 Duff & Phelps Risk Premium Report Data previously published in the Morningstar/Ibbotson 2005 Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook The Valuation Handbook – 2005 U.S. Essentials Edition includes data through December 31, 2004, and is intended to be used for 2005 valuation dates. The Valuation Handbook – U.S. Guide to Cost of Capital, Essentials Editions are designed to function as historical archives of the two sets of valuation data previously published annually in: The Morningstar/Ibbotson Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook from 1999 through 2013 The Duff & Phelps Risk Premium Report from 1999 through 2013 The Duff & Phelps Valuation Handbook – U.S. Guide to Cost of Capital from 2014 The Valuation Handbook – U.S. Essentials Editions are ideal for valuation analysts needing "historical" valuation data for use in: The preparation of carve-out historical financial statements, in cases where historical goodwill impairment testing is necessary Valuing legal entities as of vintage date for tax litigation related to a prior corporate restructuring Tax litigation related to historical transfer pricing policies, etc. The Valuation Handbook – U.S. Essentials Editions are also designed to serve the needs of: Corporate finance officers for pricing or evaluating mergers and acquisitions, raising private or public equity, property taxation, and stakeholder disputes Corporate officers for the evaluation of investments for capital budgeting decisions Investment bankers for pricing public offerings, mergers and acquisitions, and private equity financing CPAs who deal with either valuation for financial reporting or client valuations issues Judges and attorneys who deal with valuation issues in mergers and acquisitions, shareholder and partner disputes, damage cases, solvency cases, bankruptcy reorganizations, property taxes, rate setting, transfer pricing, and financial reporting For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks.

Triumph of the Optimists

Triumph of the Optimists
Author: Elroy Dimson,Paul Marsh,Mike Staunton
Publsiher: Princeton University Press
Total Pages: 352
Release: 2009-04-11
ISBN 10: 9781400829477
ISBN 13: 140082947X
Language: EN, FR, DE, ES & NL

Triumph of the Optimists Book Review:

Investors have too often extrapolated from recent experience. In the 1950s, who but the most rampant optimist would have dreamt that over the next fifty years the real return on equities would be 9% per year? Yet this is what happened in the U.S. stock market. The optimists triumphed. However, as Don Marquis observed, an optimist is someone who never had much experience. The authors of this book extend our experience across regions and across time. They present a comprehensive and consistent analysis of investment returns for equities, bonds, bills, currencies and inflation, spanning sixteen countries, from the end of the nineteenth century to the beginning of the twenty-first. This is achieved in a clear and simple way, with over 130 color diagrams that make comparison easy. Crucially, the authors analyze total returns, including reinvested income. They show that some historical indexes overstate long-term performance because they are contaminated by survivorship bias and that long-term stock returns are in most countries seriously overestimated, due to a focus on periods that with hindsight are known to have been successful. The book also provides the first comprehensive evidence on the long-term equity risk premium--the reward for bearing the risk of common stocks. The authors reveal whether the United States and United Kingdom have had unusually high stock market returns compared to other countries. The book covers the U.S., the U.K., Japan, France, Germany, Canada, Italy, Spain, Switzerland, Australia, the Netherlands, Sweden, Belgium, Ireland, Denmark, and South Africa. Triumph of the Optimists is required reading for investment professionals, financial economists, and investors. It will be the definitive reference in the field and consulted for years to come.

Valuation Handbook U S Guide to Cost of Capital

Valuation Handbook   U S  Guide to Cost of Capital
Author: Roger J. Grabowski,James P. Harrington,Carla Nunes
Publsiher: John Wiley & Sons
Total Pages: 329
Release: 2017-06-05
ISBN 10: 1119446066
ISBN 13: 9781119446064
Language: EN, FR, DE, ES & NL

Valuation Handbook U S Guide to Cost of Capital Book Review:

The Valuation Handbook –U.S. Guide to Cost of Capital, 2013 Essentials Editionincludes two sets of valuation data: Data previously published in the 2013 Duff & Phelps Risk Premium Report Data previously published in the Morningstar/Ibbotson 2013 Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook The Valuation Handbook – U.S. Guide to Cost of Capital, 2013 Essentials Edition includes data through December 31, 2012, and is intended to be used for 2013 valuation dates. The Valuation Handbook – U.S. Essentials Editions are designed to function as historical archives of two sets of valuation data previously published annually in: The Morningstar/Ibbotson Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook from 1999 through 2013 The Duff & Phelps Risk Premium Report from 1999 through 2013 The Duff & Phelps Valuation Handbook – U.S. Guide to Cost of Capital from 2014 The Valuation Handbook – U.S. Essentials Editions are ideal for valuation analysts needing "historical" valuation data for use in: The preparation of carve-out historical financial statements, in cases where historical goodwill impairment testing is necessary Valuing legal entities as of vintage date for tax litigation related to a prior corporate restructuring Tax litigation related to historical transfer pricing policies, etc. The Valuation Handbook – U.S. Essentials Editions are also designed to serve the needs of: Corporate finance officers for pricing or evaluating mergers and acquisitions, raising private or public equity, property taxation, and stakeholder disputes Corporate officers for the evaluation of investments for capital budgeting decisions Investment bankers for pricing public offerings, mergers and acquisitions, and private equity financing CPAs who deal with either valuation for financial reporting or client valuations issues Judges and attorneys who deal with valuation issues in mergers and acquisitions, shareholder and partner disputes, damage cases, solvency cases, bankruptcy reorganizations, property taxes, rate setting, transfer pricing, and financial reporting For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks.