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Stochastic discounted cash flow : a theory of the valuation of firms

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.

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Detail Information
Series Title
-
Call Number
339 KRU s
Publisher
Cham, Switzerland : Springer Open.,
Collation
xxii, 241p. : ill.
Language
English
ISBN/ISSN
9783030370817
Classification
339
Content Type
-
Media Type
-
Carrier Type
-
Edition
-
Subject(s)
Business mathematics
Macroeconomics
Securities
Investment banking
Valuation
Discounted cash flow
Specific Detail Info
-
Statement of Responsibility
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No other version available

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