今天在亚马逊上面看到的中文版价值评估理论,发现下面说中文的翻译不好,因此在网上找了一个英文原版的,给大家参考。这是中文版地址
http://www.amazon.cn/gp/product/B006QXQXS8/ref=pe_247792_44135222_email_1p_2_ti
大家如果有能力就买书支持下,要是参考下一个电子版就行了
这是亚马逊的介绍
The definitive guide to valuation written by a who's who of today's top practitioners
The Valuation Handbook differs significantly from other related books on this topic because the contributors are practitioners, academics, and investment firms that explain how they value companies and other assets. It concentrates on specific and innovative valuation techniques, rather than the theoretical approaches more generally accepted and discussed. Given the extreme volatility of the stock market, valuation is a critical issue for analysts, investors, and businesses. Here, various professional contributors explain how their firms approach the valuation process, while academic contributors share their valuation consulting and research experience.
下载地址在下面
我把部分目录贴出来,大家看需要吧
本帖隐藏的内容
CHAPTER 2The Value Edge: Reap theAdvantage of Disciplined Techniques 11William J. Hass and Shepherd G. Pryor IV Valuation Decisions Are Made Differently by Different People 12Techniques of Communicating Value Can Demonstrate aCommitment toValue Building 15Analysts Beware: Once-Successful Public Companies CanLose Their Way 17Incentive Compensation Techniques Based on Value Are Better 18Valuation Techniques for Private Companies Are AlsoMore Data Driven 26Estimates of Value May Differ Depending on Data Integrity 27Finance Theoryand Corporate Value 31The Value Edge Begins at the Strategic Business Unit Level 33The Waterfall of Value Identifies Value Creators and Destroyers 34Better Valuation Frameworks Provide Discipline 35The Value Journey Has Many Steps along the Way 37 vii
Acknowledgments 40References 40 CHAPTER 3Applying a Systems Mindset to Stock Valuation 43Bartley J. Madden Choice 1: A Systems Mindset 43Choice 2: Firms’ Competitive LifeCycle 45Choice 3: Inflation Adjustments and Economic Returns 49Choice 4: Denominator Depends on the Numerator 50Choice 5: Insights and Plausibility Judgments 56Back to the Future 59Searching for Failures and Successes 60Conclusion 63Notes 64References 65 CHAPTER 4Comparing ValuationModels 67Thomas E. Copeland Literature Review 68Brief Description of the Valuation Models ThatAreCompared 69AnExpert System That Does Valuation 71Goodness of Fit: Initial Sample (1,395 Valuations,1993 to 2000) 77Tests of DCF in a Holdout Sample (New Sample 2000–2008) 80Convergence Tests 82Straw Man Horse Races (Comparisonof Three Models) 86Convergence 89Conclusion 91Notes 107References 107 CHAPTER 5Developing an Automated Discounted Cash Flow Model 108Robert J. Atra and RawleyThomas Models Examined 111Data and Initial Parameterization 114Measurement Principles 114
ProprietaryModels 127Conclusion 130Appendix: Academic Literature 130Notes 132References 133 CHAPTER 6The Essence of Value-Based Finance 135Roy E. Johnson IntroducingValue-Based Finance(a Transition fromAccounting to Economics) 137Valuation Perspectives: Economic Profit andMarket Value Added 140Valuation Perspectives: The Magnifier 147Valuation Perspectives: Financial Drivers andValue Profit Margin 154Value Analysis: The Proper Focus 162Note 171
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