| Working Paper |
File Downloads |
Abstract Views |
| Last month |
3 months |
12 months |
Total |
Last month |
3 months |
12 months |
Total |
| 102 errores en valoraciones de empresas |
3 |
7 |
53 |
224 |
9 |
27 |
127 |
422 |
| 110 common errors in company valuations |
18 |
60 |
239 |
239 |
28 |
87 |
170 |
170 |
| 120 errores en valoraciones de empresas |
5 |
24 |
125 |
161 |
15 |
53 |
214 |
274 |
| 75 common and uncommon errors in company valuation |
2 |
10 |
55 |
866 |
5 |
19 |
106 |
1,427 |
| 80 common and uncommon errors in company valuation |
14 |
30 |
143 |
1,083 |
29 |
71 |
249 |
1,601 |
| A definition of shareholder value creation |
9 |
28 |
146 |
1,575 |
51 |
168 |
717 |
6,146 |
| A general formula for the WACC: A correction |
7 |
27 |
124 |
202 |
33 |
175 |
543 |
758 |
| A more realistic valuation: APV and WACC with constant book leverage ratio |
8 |
27 |
96 |
96 |
36 |
117 |
320 |
320 |
| Are calculated betas good for anything? |
5 |
13 |
45 |
417 |
8 |
31 |
114 |
804 |
| BBVA: 1991-2007. Creación de valor y rentabilidad |
2 |
13 |
20 |
20 |
10 |
39 |
60 |
60 |
| Banco Santander: 1991-2007. Creación de valor y rentabilidad |
3 |
13 |
21 |
21 |
12 |
55 |
90 |
90 |
| Beneficio económico, EVA y creación de valor de empresas españolas (1991-1997) |
1 |
9 |
59 |
425 |
19 |
58 |
263 |
2,012 |
| Cash flow is cash and is a fact. Net income is just an opinion |
10 |
24 |
99 |
267 |
24 |
75 |
266 |
587 |
| Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten |
5 |
8 |
25 |
148 |
15 |
33 |
91 |
455 |
| Company valuation methods. The most common errors in valuations |
210 |
617 |
2,864 |
13,623 |
569 |
1,689 |
7,287 |
29,566 |
| Convertible bonds in Spain: A different security |
0 |
3 |
7 |
128 |
3 |
12 |
42 |
476 |
| Creación de valor para los accionistas de BBVA |
0 |
4 |
17 |
53 |
6 |
22 |
73 |
160 |
| Creación de valor para los accionistas de Bankinter |
0 |
3 |
17 |
58 |
6 |
24 |
115 |
274 |
| Creación de valor para los accionistas de Bankinter (1991-2006) |
0 |
3 |
17 |
22 |
4 |
15 |
92 |
109 |
| Creación de valor para los accionistas de Endesa |
0 |
9 |
22 |
53 |
9 |
107 |
238 |
377 |
| Creación de valor para los accionistas de Iberdrola |
0 |
2 |
18 |
42 |
5 |
34 |
107 |
201 |
| Creación de valor para los accionistas de Repsol |
0 |
3 |
19 |
48 |
8 |
27 |
75 |
154 |
| Creación de valor para los accionistas de Repsol. 1991-2006 |
0 |
3 |
12 |
24 |
5 |
19 |
50 |
64 |
| Creación de valor para los accionistas de Telefónica |
0 |
0 |
15 |
78 |
1 |
26 |
91 |
281 |
| Creación de valor para los accionistas de Unión Fenosa |
0 |
2 |
9 |
33 |
8 |
30 |
165 |
312 |
| Creación de valor para los accionistas de bancos españoles (1991-2006) |
1 |
4 |
36 |
46 |
7 |
18 |
69 |
89 |
| Creación de valor para los accionistas de las eléctricas españolas (1991-2006) |
0 |
2 |
30 |
43 |
3 |
12 |
60 |
80 |
| Creación de valor para los accionistas del Banco Popular |
0 |
1 |
12 |
34 |
5 |
19 |
58 |
135 |
| Creación de valor para los accionistas del Banco Santander |
1 |
3 |
22 |
57 |
5 |
35 |
120 |
302 |
| Derivados exóticos |
3 |
11 |
43 |
242 |
8 |
28 |
133 |
627 |
| Descensos memorables en las cotizaciones: Telepizza y Boston Chicken |
4 |
7 |
28 |
42 |
7 |
24 |
87 |
102 |
| Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case |
65 |
165 |
505 |
1,350 |
218 |
569 |
1,737 |
4,134 |
| Divisas. Evolución y análisis de tipos de cambio (1980-1995) |
6 |
25 |
91 |
545 |
99 |
316 |
1,069 |
3,600 |
| EVA, Economic profit and cash value added do NOT measure shareholder value creation |
20 |
81 |
317 |
2,792 |
106 |
329 |
1,048 |
9,003 |
| El peligro de utilizar betas calculadas |
5 |
14 |
63 |
83 |
15 |
45 |
158 |
206 |
| Eléctricas españolas: 1991-2007. Creación de valor y rentabilidad para los accionistas |
3 |
12 |
12 |
12 |
6 |
28 |
28 |
28 |
| Equity premium: Historical, expected, required and implied |
4 |
17 |
65 |
231 |
10 |
38 |
189 |
353 |
| Equivalence of ten different discounted cash flow valuation methods |
25 |
66 |
290 |
1,857 |
65 |
196 |
776 |
4,327 |
| Equivalence of ten different methods for valuing companies by cash flow discounting |
5 |
21 |
120 |
1,146 |
12 |
51 |
272 |
2,437 |
| Equivalence of the APV, WACC and flows to equity approaches to firm valuation |
19 |
38 |
170 |
1,131 |
60 |
126 |
624 |
3,480 |
| Equivalence of the different discounted cash flow valuation methods. Different alternatives for determining the discounted value of tax shields and their implications for the valuation |
7 |
15 |
77 |
1,169 |
18 |
57 |
263 |
3,957 |
| Euro Stoxx 50: 1997-2005. Shareholder value creation in Europe |
3 |
7 |
26 |
78 |
19 |
52 |
150 |
353 |
| EuroStoxx 50: 1997-2004. Shareholder value creation in Europe |
2 |
4 |
18 |
147 |
13 |
39 |
125 |
664 |
| Financial literature about discounted cash flow valuation |
11 |
35 |
162 |
773 |
29 |
92 |
316 |
1,435 |
| How to value a seasonal company by discounting cash flows |
8 |
17 |
60 |
411 |
18 |
56 |
191 |
973 |
| IBEX 35: 1992-2007 - Rentabilidad y creación de valor |
7 |
19 |
41 |
41 |
29 |
99 |
233 |
233 |
| Iberdrola: 1991-2007. Creación de valor y rentabilidad |
4 |
14 |
14 |
14 |
8 |
30 |
30 |
30 |
| Initial public offerings (IPOs): The Spanish experience |
2 |
5 |
23 |
189 |
7 |
21 |
63 |
532 |
| Internet valuations: The case of Terra-Lycos |
2 |
8 |
27 |
383 |
6 |
21 |
86 |
682 |
| La prima de riesgo del mercado (market risk premium) |
10 |
37 |
123 |
433 |
52 |
254 |
709 |
1,901 |
| Las empresas españolas en 2007 (y en el periodo 1993-2007). Rentabilidad y creación de valor |
5 |
14 |
33 |
33 |
12 |
35 |
79 |
79 |
| Levered and unlevered Beta |
20 |
64 |
340 |
3,283 |
175 |
628 |
3,602 |
24,503 |
| Market risk premium: Required, historical and expected |
111 |
340 |
1,806 |
5,898 |
601 |
1,991 |
10,995 |
30,649 |
| Most common errors in company valuation |
7 |
17 |
81 |
516 |
15 |
42 |
174 |
784 |
| On the instability of betas: The case of Spain |
3 |
9 |
30 |
279 |
6 |
29 |
90 |
591 |
| Optimal capital structure: Problems with the Harvard and Damodaran Approaches |
34 |
78 |
247 |
1,562 |
97 |
264 |
944 |
5,282 |
| Rentabilidad de los fondos de inversión de renta variable nacional en España (1991-2006) |
3 |
4 |
24 |
24 |
17 |
55 |
164 |
164 |
| Rentabilidad de los fondos de inversión en España. (1991-2006) |
3 |
6 |
41 |
41 |
5 |
21 |
127 |
127 |
| Rentabilidad de los fondos de inversión en España. 1991-2007 |
5 |
16 |
23 |
23 |
10 |
40 |
66 |
66 |
| Rentabilidad de los fondos de pensiones en España. 1991-2007 |
7 |
28 |
28 |
28 |
23 |
67 |
68 |
68 |
| Rentabilidad y creación de valor de las empresas españolas en 2006 (y en el periodo 1993-2006) |
2 |
3 |
34 |
46 |
14 |
54 |
184 |
210 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1992-2003 |
0 |
0 |
15 |
409 |
4 |
17 |
84 |
800 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2005 |
4 |
8 |
40 |
137 |
20 |
88 |
305 |
789 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2006 |
2 |
3 |
28 |
33 |
18 |
50 |
184 |
216 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del Ibex 35. 1992-2004 |
2 |
4 |
19 |
156 |
19 |
58 |
203 |
872 |
| Reply to "Comment on the value of tax shields is NOT equal to the present value of tax shields" |
5 |
9 |
19 |
119 |
7 |
20 |
50 |
274 |
| Reply to "The value of tax shields is equal to the present value of tax shields" |
3 |
9 |
32 |
128 |
5 |
19 |
48 |
291 |
| Shareholder value creation in Europe. Eurostoxx 50: 1997-2003 |
2 |
4 |
18 |
231 |
8 |
22 |
101 |
1,122 |
| Shareholder value creation of microsoft and GE |
10 |
24 |
117 |
555 |
24 |
64 |
372 |
1,613 |
| Shareholder value creators and shareholder value destroyers in Europe. Year 2002 |
0 |
3 |
12 |
177 |
2 |
8 |
32 |
386 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2001 |
2 |
7 |
32 |
504 |
11 |
29 |
114 |
1,188 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2002 |
1 |
2 |
21 |
351 |
5 |
17 |
85 |
949 |
| Shareholder value creators in the S&P 500: Year 2003 |
1 |
1 |
7 |
170 |
9 |
27 |
75 |
521 |
| Shareholder value creators in the S&P 500: Year 2004 |
1 |
2 |
14 |
149 |
5 |
20 |
82 |
474 |
| Telefónica: 1991-2007. Creación de valor y rentabilidad |
3 |
12 |
19 |
19 |
13 |
46 |
78 |
78 |
| The correct value of tax shields: An analysis of 23 theories |
2 |
11 |
61 |
202 |
7 |
28 |
136 |
376 |
| The equity premium in finance and valuation textbooks |
3 |
18 |
68 |
154 |
7 |
44 |
162 |
331 |
| The value of tax shields depends only on the net increases of debt |
4 |
10 |
25 |
99 |
8 |
21 |
52 |
217 |
| The value of tax shields is not equal to the present value of tax shields |
7 |
20 |
83 |
494 |
62 |
166 |
876 |
2,777 |
| The value of tax shields is not equal to the present value of tax shields: A correction |
5 |
11 |
24 |
166 |
7 |
16 |
45 |
349 |
| The value of tax shields with a fixed book-value leverage ratio |
6 |
12 |
23 |
113 |
8 |
25 |
85 |
304 |
| Three residual income valuation methods and discounted cash flow valuation |
39 |
101 |
438 |
3,207 |
114 |
306 |
1,727 |
10,145 |
| Valoración de marcas e intangibles |
12 |
33 |
111 |
141 |
43 |
130 |
362 |
436 |
| Valoración de opciones por simulación |
4 |
11 |
76 |
439 |
8 |
34 |
246 |
1,251 |
| Valuation of brands and intellectual capital |
22 |
53 |
222 |
2,294 |
43 |
115 |
529 |
4,390 |
| Valuation using multiples. How do analysts reach their conclusions? |
56 |
151 |
622 |
2,866 |
129 |
373 |
1,676 |
6,452 |
| Value of tax shields and the risk of the net increase of debt, The. Year 2004 |
4 |
7 |
19 |
196 |
9 |
20 |
53 |
618 |
| Valuing companies by cash flow discounting: Ten methods and nine theories |
28 |
79 |
385 |
4,852 |
71 |
198 |
897 |
10,372 |
| Valuing companies with a fixed book-value leverage ratio |
4 |
12 |
46 |
200 |
11 |
42 |
198 |
576 |
| Valuing real options: frequently made errors |
12 |
37 |
121 |
1,076 |
20 |
62 |
227 |
1,844 |
| Volatilidades, betas y alfas de empresas españolas. Periodos 1990-1996 y 1986-1989 |
1 |
6 |
53 |
351 |
17 |
49 |
295 |
1,820 |
| Total Working Papers |
964 |
2,809 |
12,099 |
64,876 |
3,432 |
10,908 |
46,131 |
201,117 |