Discounted cash flow : a theory of the valuation of firms / Lutz Kruschwitz and Andreas Löffler.

Format:

Book

Author/Creator:

Kruschwitz, Lutz.

Contributor:

Löffler, Andreas.

Charles R. Anderson Endowment Fund.

Series:

Wiley finance series

Wiley finance

Language:

English

Subjects (All):

Business enterprises--Valuation.

Business enterprises.

Physical Description:

xx, 157 pages : illustrations ; 25 cm.

Place of Publication:

Chichester, England ; Hoboken, NJ : John Wiley, [2006]

Summary:

Firm valuation is currently a very exciting topic. It is interesting for those economists engaged in either practice or theory, particularly for those in finance. The literature on firm valuation recommends logical, quantitative methods, which deal with establishing today's value of future free cash flows. In this respect firm valuation is identical with the calculation of the discounted cash flow, DCF. There are, however, different coexistent versions, which seem to compete against each other. Entity approach and equity approach are thus differentiated. Acronyms are often used, such as APV (adjusted present value) or WACC (weighted average cost of capital), whereby these two concepts are classified under entity approach.

Contents:

Basic elements

Corporate income tax

Personal income tax

Corporate and personal income tax.

Notes:

Includes bibliographical references and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the Charles R. Anderson Endowment Fund.

ISBN:

0470870443

OCLC:

61179520

Publisher Number:

9780470870440