This book contains a solid framework for valuation: analyzing historical performance, including reorganizing a company's financial statements to reflect economic rather than accounting performance; forecasting performance, with emphasis on not just the mechanics of forecasting but also how to...

Intro -- Valuation Measuring and Managing the Value of Companies -- Contents -- About the Authors -- Preface -- Acknowledgments -- Part One. Foundations of Value -- 1. Why Value Value? -- What Does It Mean to Create Shareholder Value? -- Short-Termism Runs Deep -- Shareholder Capitalism Cannot...

"Valuation lies at the crossroads of corporate strategy and finance. In today's economy, it has become an essential role -- and one that requires excellence at all points. This guide shows you everything you need to know, and gives you the understanding you need to be effective. Valuation is the...

Cover -- Title Page -- Contents -- About the Authors -- Preface -- Why This Book -- Structure of the Book -- Valuation Spreadsheet -- Acknowledgments -- Part One Foundations of Value -- 1 Why Value Value? -- What Does It Mean to Create Shareholder Value? -- Can Stakeholder Interests Be...

Intro -- Series -- Title Page -- Copyright -- About the Authors -- Preface -- Why This Book -- Structure of the Book -- Valuation Spreadsheet -- Acknowledgments -- Part One: Foundations of Value -- 1: Why Value Value? -- What Does It Mean to Create Shareholder Value? -- Can Stakeholder Interests...

We provide a comprehensive analysis of the determinants of trading in the sovereign credit default swaps (CDS) market, using weekly data for single-name sovereign CDS from October 2008 to September 2015. We describe the anatomy of the sovereign CDS market, derive a law of motion for gross...