000 03690nam a22006015i 4500
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
024 7 _a10.1007/978-3-030-37081-7
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aKCB
_2thema
072 7 _aKCBM
_2thema
082 0 4 _a339
_223
100 1 _aKruschwitz, Lutz.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_92477
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.
300 _aXXIII, 241 p. 24 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aSpringer Texts in Business and Economics,
_x2192-4333
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
650 0 _aInvestment banking.
_92488
650 0 _aSecurities.
_92489
650 0 _aBusiness mathematics.
_92490
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
710 2 _aSpringerLink (Online service)
_9141
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
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
999 _c591
_d591
773 _tSpringer Nature Open Access eBook