Damodaran Aswath: Damodaran o valuaciji

Aswath Damodaran: Damodaran on Valuation

SECURITY ANALYSIS FOR INVESTMENT AND CORPORATE FINANCE SECURITY ANALYSIS FOR INVESTMENT AND CORPORATE FINANCE The ability to value assets is an essential skill in a wide variety of professional environments: from corporate finance to portfolio management and strategy. And while the reasons for valuation are as wide-ranging and varied as business itself, the basic rules of valuation are surprisingly similar in both form and function. The second edition of Damodaran's book on valuation brings today the most direct and understandable overview of approaches and models for creating valuation. Written by renowned professor, author and valuation authority, Aswath Damodaran, and completely revised and updated from the wildly popular first edition - which has become an essential reference for any professional who needs accurate and reliable valuation information - this invaluable book brings you: Thorough coverage of the various distinctive valuation approaches and key models within each Techniques for correctly estimating the impact on the value of employee stock options and other stock-based compensation Methodologies for using valuation models for intangible assets - patents, copyrights, trademarks, licenses, trademarks, etc. Sound strategies for identifying and measuring the value of control in a business and why the expected value of control plays a role in many different valuation contexts. A discussion of the impact of liquidity - or, more precisely, illiquidity - on value, as well as ways to measure that impact Potential sources of elusive "synergies" when merging two entities and how best to evaluate each type of synergy and an investigation into why companies so often overpay for synergy   Brief content: Introduction to valuation Valuation by discounting cash flow Estimating discount rates Cash flow measurement Cash flow forecasting Capital discounted cash flow models company valuation part two Relative valuation Relative valuation: first principles Stock multipliers Value multipliers Valuation inaccuracies Cash, investments in other companies and other assets Employee stock options and compensation Value of intangible assets Value of control Value of liquidity Value of synergy Value of transparency Cost of seizure Aswath Damodaran is a professor of finance at the Stern School of Business at New York University, where he teaches corporate finance and shareholder valuations. He also teaches as an associate at the London School of Economics and HEC School of Management. He is best known for his books dealing with valuation, corporate finance and investment management. In addition to books, he regularly publishes articles in the world's leading financial journals, such as The Journal of Financial and Quantitative Analysis, The Journal of Finance, The Journal of Financial Economics and Review of Financial Studies.