Equity Asset Valuation Concisely and Clearly Explains the Most Widely Used Approaches to Equity Evaluation.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c51086) has announced the addition of Equity Asset Valuation to their offering. This book integrates both accounting and finance concepts to deliver a collection of valuation models, as well as challenge readers to determine which models are most appropriate for specific companies and situations. The authors provide readers with detailed learning outcome statements at the outset, illustrative in-chapter problems with solutions, and extensive end-of-chapter questions and problems with complete solutions. They cover topics including: how an analyst approaches the equity valuation process; the basic DDM (Distributed Data Management) Software in an IBM SNA environment that allows users to access data in remote files within the network. DDM works with IBM's LU 6.2 session to provide peer-to-peer communications and file sharing. See also distributed database. ; the derivation of the required rate of return within the context of Markowitz and Sharpes modern portfolio theory Modern portfolio theory Principals underlying the analysis and evaluation of rational portfolio choices based on risk return trade-offs and efficient diversification. modern portfolio theory See portfolio theory. ; the free cash flow approach; valuation using Graham and Doddtype concepts of earning power and associated "market multiples, as well as residual income models. Reviews "Here is an essential tool for the investor: clear, practical, insightful, and concise. This book should have a long, useful life in a professionals library." -Jeffrey P. Davis, CFA, Chief Investment Officer, Lee Munder Capital Group "This book provides a clear, comprehensive overview of equity valuation concepts and methods. It is well suited for finance practitioners who want to strengthen their understanding of equity asset valuation and as a supplemental reading in advanced undergraduate and graduate courses addressing security analysis and business valuation." -Professor Robert Parrino, CFA, PhD, Department of Finance, Red McCombs School of Business, The University of Texas at Austin “University of Texas” redirects here. For other system schools, see University of Texas System. The University of Texas at Austin (often referred to as The University of Texas, UT Austin, UT, or Texas "CFA Institute has done it again. This will be a must reference book for anyone serious about the nuances of equity investment valuation." -Robert D. Arnott, Chairman, Research Affiliates "Equity Asset Valuation concisely and clearly explains the most widely used approaches to equity evaluation. In addition to thoroughly explaining the implementation of each valuation method, there is sophisticated discussion of the commonsense financial economics and accounting issues underlying the methods." -David Blackwell, Head and RepublicBank/James W. Aston Professor of Finance, Mays Business School Mays Business School is the business school at Texas A&M University. The school educates over 4,800 students in undergraduate, master's and doctoral programs and consistently ranks among the top public business schools. , Texas A&M University Author information John D. Stowe, CFA, PHD, is Head of Curriculum Development at CFA Institute. Prior to joining CFA Institute, he was a professor of finance and associate dean at the University of Missouri-Columbia, where he taught investments and corporate finance. Stowe has won several teaching awards and has published frequently in academic and professional journals in finance. He is also coauthor of a college-level textbook in corporate finance. Stowe earned his BA from Centenary College and his PhD in economics from the University of Houston. He obtained his CFA charter in 1995 and began grading CFA examinations in 1996. Thomas R. Robinson, CFA, PHD, CPA, CFP, is an Associate Professor of Accounting and Director of the Master of Professional Accounting program at the University of Miami This article is about the university in Coral Gables, Florida. For the university in Oxford, Ohio, see Miami University. The University of Miami (also known as Miami of Florida,[2] UM,[3] or just The U . He is also Managing Director of Robinson, Desmond & Zwerner, a state registered investment advisory firm. Robinson has a BA in economics from the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. and a masters and PhD in accounting from Case Western Reserve University. He is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. (Ohio), Certified Financial Planner Certified Financial Planner (CFP) A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. [R] (CFP[R]) certificant, and Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. [R] (CFA[R]) charterholder. Prior to joining the University of Miami, Robinson practiced public accounting and financial planning for ten years, and also served as a consultant in the areas of financial statement analysis and valuation. Jerald E. Pinto, CFA, is Director in the CFA and CIPM Programs Division at CFA Institute. Before coming to CFA Institute in 2002, he was a consultant to corporations, foundations, and partnerships in investment planning, portfolio analysis, and quantitative analysis. He has also worked in the investment and banking industries in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and taught finance at New York University's Stern School of Business. He holds an MBA from Baruch College and a PhD in finance from the Stern School. Pinto obtained his CFA charter in 1992. Dennis W. Mcleavey, CFA, is Head of Professional Development Products at CFA Institute. During his twenty-five year academic career, he has taught at The University of Western Ontario Western is one of Canada's leading universities, ranked #1 in the Globe and Mail University Report Card 2005 for overall quality of education.[2] It ranked #3 among medical-doctoral level universities according to Maclean's Magazine 2005 University Rankings. , the University of Connecticut The University of Connecticut is the State of Connecticut's land-grant university. It was founded in 1881 and serves more than 27,000 students on its six campuses, including more than 9,000 graduate students in multiple programs. UConn's main campus is in Storrs, Connecticut. , the University of Rhode Island History The University was first chartered as the state's agricultural school in 1888. The site of the school was originally the Oliver Watson Farm, and the original farmhouse still lies on the campus today. (where he founded a student-managed fund), and Babson College. McLeavey completed a doctorate in production management and industrial engineering at Indiana University in 1972, obtained his CFA charter in 1990, and began grading CFA examinations in 1995. Content Outline: Foreword. Preface. Acknowledgements. About the Authors. Chapter 1. The Equity Valuation Process. Chapter 2. Discounted Dividend Valuation. Chapter 3. Free Cash Flow. Chapter 4. Market-Based Valuation: Price Multiples. Chapter 5. Residual Income Valuation. Index For more information visit http://www.researchandmarkets.com/reports/c51086 |
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