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Valuation of Partially-Controlled Investments
Deng, Zhen; Sinha, Nishi - 2008
This paper contrasts the valuation of accounting numbers related to two classes of assets - the internally managed, fully-controlled assets versus the "significant influence" investments, that is, investments where the investing firm exercises influence, but not control, over the assets. We find...
Persistent link: https://www.econbiz.de/10014027787
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Valuation and investment profession
Dedi, Lidija; Giraudon, Philippe - In: UTMS journal of economics / University of Tourism and … 4 (2013) 2, pp. 93-100
Investment professionals, particularly financial analysts or security analysts evaluate securities and try to determine characteristics of securities and to identify mispriced securities. For that purpose they use different models to estimate the intrinsic value of the common stocks. Traditional...
Persistent link: https://www.econbiz.de/10009787042
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Stochastic Idiosyncratic Cash Flow Risk and Real Options : Implications for Stock Returns
Bhamra, Harjoat Singh - 2016
Stocks with high idiosyncratic volatility perform poorly relative to low idiosyncratic volatility stocks. We offer a novel explanation of this anomaly based on real options, which is consistent with earlier findings on idiosyncratic volatility (the positive contemporaneous relation between...
Persistent link: https://www.econbiz.de/10013007739
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Valuation of a Cashflow CDO Without Monte Carlo Simulation
Gallagher, Donal A. - 2009
Unlike tranches of synthetic CDOs, that depend only on the defaults of the underlying securities, tranches of cashflow …-)analytic methods exist for pricing synthetic CDO tranches (Hull and White 2004), no equivalent methods exist for pricing cashflow CDO … renders cashflow CDOs amenable to (semi-)analytic pricing. The complication of needing the joint distribution of interest and …
Persistent link: https://www.econbiz.de/10013156360
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Representations for optimal stopping under dynamic monetary utility functionals
Krätschmer, Volker; Schoenmakers, John G. M. - 2009
In this paper we consider the optimal stopping problem for general dynamic monetary utility functionals. Sufficient conditions for the Bellman principle and the existence of optimal stopping times are provided. Particular attention is payed to representations which allow for a numerical...
Persistent link: https://www.econbiz.de/10010276719
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Representations for optimal stopping under dynamic monetary utility functionals
Krätschmer, Volker; Schoenmakers, John - 2009
In this paper we consider the optimal stopping problem for general dynamic monetary utility functionals. Sufficient conditions for the Bellman principle and the existence of optimal stopping times are provided. Particular attention is payed to representations which allow for a numerical...
Persistent link: https://www.econbiz.de/10003905569
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Machine Valuation
Geertsema, Paul - 2019
We present a machine learning approach to firm valuation that requires only historical accounting data as input. The machine learning model generates a median absolute percentage error of 17.2% in out-of-sample firm value predictions. The model out-performs a sample of final-year finance...
Persistent link: https://www.econbiz.de/10012863595
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Valuation
1929 - [Vorläufige Ausg.]
Persistent link: https://www.econbiz.de/10003251754
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Introduction to valuation
Damodaran, Aswath - 2008
Persistent link: https://www.econbiz.de/10003765558
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Options in real estate valuation
Pomykacz, Mark; Olmsted, Chris - In: Appraisal journal 81 (2013) 3, pp. 227-238
Persistent link: https://www.econbiz.de/10010195927