Principles of equity valuation / Ian Davidson and Mark Tippett.

Format:

Book

Author/Creator:

Davidson, Ian, 1949- author.

Contributor:

Tippett, Mark, 1949-

Language:

English

Subjects (All):

Corporations--Valuation.

Business enterprises--Valuation.

Investment analysis.

Physical Description:

1 online resource (329 p.)

Edition:

1st ed.

Place of Publication:

Abingdon, Oxon : Routledge, 2012.

Language Note:

English

Summary:

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 optio

Contents:

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.

Notes:

Includes index.

Description based on metadata supplied by the publisher and other sources.

ISBN:

1-136-28303-X

1-283-58572-3

9786613898173

0-203-11261-X

1-136-28304-8

OCLC:

810077932