000 | 03690nam a22006015i 4500 | ||
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001 | 978-3-030-37081-7 | ||
003 | DE-He213 | ||
005 | 20210511115654.0 | ||
007 | cr nn 008mamaa | ||
008 | 200228s2020 gw | s |||| 0|eng d | ||
020 |
_a9783030370817 _9978-3-030-37081-7 |
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024 | 7 |
_a10.1007/978-3-030-37081-7 _2doi |
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050 | 4 | _aHB172.5 | |
072 | 7 |
_aKCB _2bicssc |
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072 | 7 |
_aBUS039000 _2bisacsh |
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072 | 7 |
_aKCB _2thema |
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072 | 7 |
_aKCBM _2thema |
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082 | 0 | 4 |
_a339 _223 |
100 | 1 |
_aKruschwitz, Lutz. _eauthor. _4aut _4http://id.loc.gov/vocabulary/relators/aut _92477 |
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245 | 1 | 0 |
_aStochastic Discounted Cash Flow _h[electronic resource] : _bA Theory of the Valuation of Firms / _cby Lutz Kruschwitz, Andreas Löffler. |
250 | _a1st ed. 2020. | ||
264 | 1 |
_aCham : _bSpringer International Publishing : _bImprint: Springer, _c2020. |
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300 |
_aXXIII, 241 p. 24 illus. _bonline resource. |
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336 |
_atext _btxt _2rdacontent |
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337 |
_acomputer _bc _2rdamedia |
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338 |
_aonline resource _bcr _2rdacarrier |
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347 |
_atext file _bPDF _2rda |
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490 | 1 |
_aSpringer Texts in Business and Economics, _x2192-4333 |
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505 | 0 | _aIntroduction: 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. | |
506 | 0 | _aOpen Access | |
520 | _aThis 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. | ||
650 | 0 |
_aMacroeconomics. _9510 |
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650 | 0 |
_aInvestment banking. _92488 |
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650 | 0 |
_aSecurities. _92489 |
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650 | 0 |
_aBusiness mathematics. _92490 |
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650 | 1 | 4 |
_aMacroeconomics/Monetary Economics//Financial Economics. _0https://scigraph.springernature.com/ontologies/product-market-codes/W32000 _9511 |
650 | 2 | 4 |
_aInvestments and Securities. _0https://scigraph.springernature.com/ontologies/product-market-codes/626020 _92491 |
650 | 2 | 4 |
_aBusiness Mathematics. _0https://scigraph.springernature.com/ontologies/product-market-codes/523000 _92492 |
700 | 1 |
_aLöffler, Andreas. _eauthor. _4aut _4http://id.loc.gov/vocabulary/relators/aut _92476 |
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710 | 2 |
_aSpringerLink (Online service) _9141 |
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776 | 0 | 8 |
_iPrinted edition: _z9783030370800 |
776 | 0 | 8 |
_iPrinted edition: _z9783030370824 |
776 | 0 | 8 |
_iPrinted edition: _z9783030370831 |
830 | 0 |
_aSpringer Texts in Business and Economics, _x2192-4333 _9340 |
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856 | 4 | 0 | _uhttps://doi.org/10.1007/978-3-030-37081-7 |
912 | _aZDB-2-ECF | ||
912 | _aZDB-2-SXEF | ||
912 | _aZDB-2-SOB | ||
942 |
_cEBK _w1 _xAdministrator Library _y1 _z Administrator Library |
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999 |
_c591 _d591 |
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773 | _tSpringer Nature Open Access eBook |