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1 CHAPTER 12 VALUATION: PRINCIPLES AND PRACTICE In this chapter, we look at how to value a firm and its equity, given what we now know about investment, financing and dividend…

Documents SSF IPO PPT

An IPO (initial public offering) is referred to a flotation, which an issuer or a company proposes to the public in the form of ordinary stock or shares. They are generally…

Economy & Finance Berk Chapter 23: Raising Equity Capital

1. Chapter 23 RaisingEquity Capital 2. Chapter Outline 23.1 Equity Financing for Private Companies 23.2 The Initial Public Offering 23.3 The Seasoned Equity Offering 3. Learning…

Documents PowerPoint Slides for Ch. 12 (Valuation Techniques)

1. Valuation Aswath Damodaran 2. First Principles Invest in projects thatyield a return greaterthan theminimum acceptable hurdle rate . The hurdle rate should behigher for…

Business 11.economic value added (eva) and shareholders wealth

1. Research Journal of Finance and Accounting www.iiste.orgISSN 2222-1697 (Paper) ISSN 2222-2847 (Online)Vol 2, No 12, 2011 Economic Value Added (EVA) and Shareholders WealthCreation:…

Documents Djankov, S., LaPorta, R., Lopez-de-Silanes, F., and Shleifer, A. (2008), “The law and economics of...

Abstract - The law and economics of self-dealing The anti-self-dealing index. Self Dealing = Tunneling = Investor expropriation Focuses: On private enforcement mechanisms,…

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1. Financial Statement Analysis Chapter 1 Financial statement analysis 2. Aim of the Course 1 To develop techniques for evaluating firms using financial statement analysisfor…

Documents Case - Walmart

VALUING WAL-MART - 2010[footnoteRef:1] [1: This case has been written on the basis of published sources only. Consequently, the interpretation and perspectives presented…

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Aswath Damodaran 1 Valuation Aswath Damodaran Aswath Damodaran 2 First Principles n Invest in projects that yield a return greater than the minimum acceptable hurdle rate.…

Documents The Objective of Corporate Finance and Corporate Governance 04/03/08 Ch.2.

Slide 1 The Objective of Corporate Finance and Corporate Governance 04/03/08 Ch.2 Slide 2 2 Why do we need an objective? An objective specifies what a decision maker is trying…