Overview
- Integrates the fields of corporate finance and asset pricing in order to enable comprehensive and accurate company valuation
- Offers strong methodological rigor, with analysis of all relevant models
- Appeals to academics, on the basis of the analysis of models, and practitioners, through the application of equations
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Table of contents (11 chapters)
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Front Matter
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Fundamental Analysis of the Company
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Front Matter
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Risk and Return in the Capital Market
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Front Matter
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Company Valuation
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Front Matter
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Keywords
About this book
This book integrates the models employed in the fundamental analysis of a company with the models used by investors in the capital markets to diversify risks and maximize expected returns. The underlying thesis is that the company creates value only if the return on capital invested exceeds the cost of capital, while the objective is to demonstrate how integration of the fields of corporate finance and asset pricing enables comprehensive and accurate company valuation.
Companies can thrive only if they are able to create value for shareholders over time. A company’s value creation and the correct approach to its measurement require two main skills: first, the ability to analyze and evaluate the company’s fundamentals with respect to its business model and its performance over time; and second, knowledge of investors’ models with regard to risk diversification and return maximization from which the cost of capital for the firm is derived. Based on this perspective, the book combines rigorous quantitative analysis with effective use of graphics to aid intuitive understanding.
Authors and Affiliations
About the author
Pasquale De Luca, PhD, is a Researcher and Adjunct Professor at “Sapienza” University of Rome, Italy, where he teaches Business Administration and Finance. His main fields of research are corporate finance and asset pricing, with a specific focus on topics including corporate valuation, capital structure choices and cost of capital, restructuring, mergers and acquisitions, private equity, and planning and control systems for management decisions.
Bibliographic Information
Book Title: Analytical Corporate Valuation
Book Subtitle: Fundamental Analysis, Asset Pricing, and Company Valuation
Authors: Pasquale De Luca
DOI: https://doi.org/10.1007/978-3-319-93551-5
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer Nature Switzerland AG 2018
Hardcover ISBN: 978-3-319-93550-8Published: 13 November 2018
eBook ISBN: 978-3-319-93551-5Published: 31 October 2018
Edition Number: 1
Number of Pages: XV, 465
Number of Illustrations: 58 b/w illustrations
Topics: Corporate Finance, Accounting/Auditing, Business Finance, Macroeconomics/Monetary Economics//Financial Economics, Capital Markets