Stochastic Discounted Cash Flow : : A Theory of the Valuation of Firms / / by Lutz Kruschwitz, Andreas Löffler.
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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Superior document: | Springer Texts in Business and Economics, |
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VerfasserIn: | |
Place / Publishing House: | Cham : : Springer International Publishing :, Imprint: Springer,, 2020. |
Year of Publication: | 2020 |
Edition: | 1st ed. 2020. |
Language: | English |
Series: | Springer Texts in Business and Economics,
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Physical Description: | 1 online resource (XXIII, 241 p.) |
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245 | 1 | 0 | |a Stochastic Discounted Cash Flow : |b A Theory of the Valuation of Firms / |c by Lutz Kruschwitz, Andreas Löffler. |
250 | |a 1st ed. 2020. | ||
260 | |a Cham |b Springer Nature |c 2020 | ||
264 | 1 | |a Cham : |b Springer International Publishing : |b Imprint: Springer, |c 2020. | |
300 | |a 1 online resource (XXIII, 241 p.) | ||
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338 | |a online resource |b cr |2 rdacarrier | ||
490 | 1 | |a Springer Texts in Business and Economics, |x 2192-4333 | |
520 | |a 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, which seem to compete against each other, such as entity approaches and equity approaches. Acronyms are often used, such as APV (adjusted present value) or WACC (weighted average cost of capital), two concepts classified as entity approaches. This book explains why there are several procedures and whether they lead to the same result. It also examines the economic differences between the methods and indicates the various purposes they serve. Further it describes the limits of the procedures and the situations they are best applied to. The problems this book addresses are relevant to theoreticians and practitioners alike. | ||
505 | 0 | |a 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. | |
588 | |a Description based on publisher supplied metadata and other sources. | ||
546 | |a English | ||
536 | |a Freie Universität Berlin | ||
650 | 0 | |a Macroeconomics. | |
650 | 0 | |a Investment banking. | |
650 | 0 | |a Securities. | |
650 | 0 | |a Business mathematics. | |
650 | 1 | 4 | |a Macroeconomics/Monetary Economics//Financial Economics. |0 https://scigraph.springernature.com/ontologies/product-market-codes/W32000 |
650 | 2 | 4 | |a Investments and Securities. |0 https://scigraph.springernature.com/ontologies/product-market-codes/626020 |
650 | 2 | 4 | |a Business Mathematics. |0 https://scigraph.springernature.com/ontologies/product-market-codes/523000 |
653 | |a Firm valuation | ||
653 | |a Cost of capital | ||
653 | |a Weighted average cost of capital | ||
653 | |a Insolvency and valuation | ||
653 | |a Adjusted present value | ||
653 | |a Accounting | ||
653 | |a Taxation | ||
653 | |a Finance | ||
653 | |a Audit | ||
653 | |a Discounted cash flow | ||
653 | |a Cash flows | ||
653 | |a Asset pricing | ||
653 | |a Equity and debt | ||
653 | |a Flow to equity | ||
653 | |a Total cash flow | ||
653 | |a Financing | ||
653 | |a Investment | ||
653 | |a Leverage | ||
653 | |a investments and securities | ||
776 | |z 3-030-37080-1 | ||
700 | 1 | |a Löffler, Andreas. |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
830 | 0 | |a Springer Texts in Business and Economics, |x 2192-4333 | |
906 | |a BOOK | ||
ADM | |b 2024-07-16 21:31:43 Europe/Vienna |f system |c marc21 |a 2020-03-09 01:44:44 Europe/Vienna |g false | ||
AVE | |i DOAB Directory of Open Access Books |P DOAB Directory of Open Access Books |x https://eu02.alma.exlibrisgroup.com/view/uresolver/43ACC_OEAW/openurl?u.ignore_date_coverage=true&portfolio_pid=5338972880004498&Force_direct=true |Z 5338972880004498 |b Available |8 5338972880004498 |