financial literature, the model here presented is more akin to a microeconomic perspective. The paper focuses on the formal …

termini, il concetto di Market Value Added può essere espresso, in termini di tasso, da un ROE medio al netto del costo del …

This article explores the behavior of the stock market in Colombia with the information given by the Bolsa de Bogotá … terms of economic return. Also it can be said that inflation is negative to the return at the stock market, thus: the larger … the inflation rate, thesmaller the real return. It is shown that the market does not anticipate the future inflation, and …

scenarios applied to a financial planning model. I conclude that the risk of tax shields is Ku, the unlevered cost of equity. …

This is a course material (slides in pdf format) for Financial Analysis and Control already in SSRN. In these slides I …