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Velez-Pareja, Ignacio - MASTER CONSULTORES - 2009

Este es material de curso del libro Decisiones Empresariales bajo Riesgo e Incertidumbre. El nivel del libro es basico. Se usan muy pocas matematicas y puede ser usado por gerentes. El capitulo diez estudia la medicion del valor agregado. Se estudia criticamente el EVA y los beneficios...

Persistent link: https://www.econbiz.de/10010763028

¿Coinciden EVA(R) y Utilidad Economica (UE) con los metodos de Flujo de Caja Descontado en valoracion de empresas?

Pareja, Ignacio Vélez; Tham, Joseph - MASTER CONSULTORES - 2003

En Vélez-Pareja y Tham (2001), presentamos diferentes maneras de valorar los flujos de caja. Primero se utilizó el costo promedio ponderado de capital (CPPC) (Weighted Average Cost of Capital, WACC) para descontar el flujo de caja libre (FCL). Segundo, se descontó el FCL con el WACC ajustado....

Persistent link: https://www.econbiz.de/10011031625

EVA(c) Made Simple: Is it Possible?

Pareja, Ignacio Vélez; Tham, Joseph - MASTER CONSULTORES - 2004

Vélez-Pareja and Tham, 2003a, Vélez-Pareja and Tham, 2003b and Tham and Vélez-Pareja, 2004 showed the matching between discounted cash flow (DCF) methods and value added methods. They departed from the net operating profit less adjusted taxes NOPLAT and net income when using market values to...

Persistent link: https://www.econbiz.de/10010762967

Timanco S. A.: Impuestos por pagar, pérdidas amortizadas, deuda en divisas, renta presuntiva y ajustes por inflación. Su tratamiento con Flu

Pareja, Ignacio Vélez; Tham, Joseph - MASTER CONSULTORES - 2004

En Vélez-Pareja y Tham (2003), se presentó la forma de hacer coincidir los métodos de valor agregado (utilidad económica (UE) (Residual Income Method, RIM) y el valor económico agregado (VEA) (Economic Value Added, EVA)) y los métodos de flujo de caja descontado (discounted cash flow,...

Persistent link: https://www.econbiz.de/10010762996

Economic value added and systemic value added: symmetry, aditive coherence and differences in performance

Ricci, Roberto Ghiselli; Magni, Carlo Alberto - MASTER CONSULTORES - 2009

Two measures of excess profit (residual income) are currently available in the literature: the standard one, of which Economic Value Added (EVA) (Stewart, 1991) is a major instantiation, and Systemic Value Added (SVA) (Magni, 2003, 2004, 2005), also named lost-capital residual income (Magni,...

Persistent link: https://www.econbiz.de/10010763015

Timanco S.A.: Unpaid Taxes, Losses Carried Forward, Foreign Debt, Presumptive Income and Adjustment for Inflation: Matching DCF and EVA©

Pareja, Ignacio Velez; Tham, Joseph - MASTER CONSULTORES - 2010

There are methods to match value added approaches (Residual Income Method, RIM and Economic Value Added, EVA) with discounted cash flow methods, DCF. In this note we use a real life case from an emerging country to illustrate the matching, with complexities such as unpaid taxes, losses carried...

Persistent link: https://www.econbiz.de/10010763018

Value Added to Invested Capital (VAIC): New Financial Performance Metric and Valuation Tool

Ibragimov, Rauf; Pareja, Ignacio Velez; Tham, Jospeh - MASTER CONSULTORES - 2012

The paper introduces a new financial metric for managerial performance evaluation, Value Added to Invested Capital (VAIC), with the cost of unlevered equity as a hurdle rate to calculate the capital charge rather than the widely accepted WACC. VAIC preserves all positive features of the...

Persistent link: https://www.econbiz.de/10010763041