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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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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(CKB)4100000010480333 (MiAaPQ)EBC6126497 (DE-He213)978-3-030-37081-7 (Au-PeEL)EBL6126497 (OCoLC)1143475385 (oapen)https://directory.doabooks.org/handle/20.500.12854/87732 (EXLCZ)994100000010480333 |
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Kruschwitz, Lutz. author. aut http://id.loc.gov/vocabulary/relators/aut Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms / by Lutz Kruschwitz, Andreas Löffler. 1st ed. 2020. Cham Springer Nature 2020 Cham : Springer International Publishing : Imprint: Springer, 2020. 1 online resource (XXIII, 241 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier Springer Texts in Business and Economics, 2192-4333 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. 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. Description based on publisher supplied metadata and other sources. English Freie Universität Berlin Macroeconomics. Investment banking. Securities. Business mathematics. Macroeconomics/Monetary Economics//Financial Economics. https://scigraph.springernature.com/ontologies/product-market-codes/W32000 Investments and Securities. https://scigraph.springernature.com/ontologies/product-market-codes/626020 Business Mathematics. https://scigraph.springernature.com/ontologies/product-market-codes/523000 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 3-030-37080-1 Löffler, Andreas. author. aut http://id.loc.gov/vocabulary/relators/aut |
language |
English |
format |
eBook |
author |
Kruschwitz, Lutz. Kruschwitz, Lutz. Löffler, Andreas. |
spellingShingle |
Kruschwitz, Lutz. Kruschwitz, Lutz. Löffler, Andreas. Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms / Springer Texts in Business and Economics, 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. |
author_facet |
Kruschwitz, Lutz. Kruschwitz, Lutz. Löffler, Andreas. Löffler, Andreas. Löffler, Andreas. |
author_variant |
l k lk l k lk a l al |
author_role |
VerfasserIn VerfasserIn VerfasserIn |
author2 |
Löffler, Andreas. Löffler, Andreas. |
author2_variant |
a l al |
author2_role |
VerfasserIn VerfasserIn |
author_sort |
Kruschwitz, Lutz. |
title |
Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms / |
title_sub |
A Theory of the Valuation of Firms / |
title_full |
Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms / by Lutz Kruschwitz, Andreas Löffler. |
title_fullStr |
Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms / by Lutz Kruschwitz, Andreas Löffler. |
title_full_unstemmed |
Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms / by Lutz Kruschwitz, Andreas Löffler. |
title_auth |
Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms / |
title_new |
Stochastic Discounted Cash Flow : |
title_sort |
stochastic discounted cash flow : a theory of the valuation of firms / |
series |
Springer Texts in Business and Economics, |
series2 |
Springer Texts in Business and Economics, |
publisher |
Springer Nature Springer International Publishing : Imprint: Springer, |
publishDate |
2020 |
physical |
1 online resource (XXIII, 241 p.) |
edition |
1st ed. 2020. |
contents |
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. |
isbn |
3-030-37081-X 3-030-37080-1 |
issn |
2192-4333 |
callnumber-first |
H - Social Science |
callnumber-subject |
HB - Economic Theory and Demography |
callnumber-label |
HB172 |
callnumber-sort |
HB 3172.5 |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences 600 - Technology |
dewey-tens |
330 - Economics 650 - Management & public relations |
dewey-ones |
339 - Macroeconomics & related topics 658 - General management |
dewey-full |
339 658.15244 |
dewey-sort |
3339 |
dewey-raw |
339 658.15244 |
dewey-search |
339 658.15244 |
oclc_num |
1143475385 |
work_keys_str_mv |
AT kruschwitzlutz stochasticdiscountedcashflowatheoryofthevaluationoffirms AT lofflerandreas stochasticdiscountedcashflowatheoryofthevaluationoffirms |
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Springer Texts in Business and Economics, |
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Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms / |
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