| 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 |
9 |
37 |
257 |
10 |
19 |
83 |
492 |
| 110 common errors in company valuations |
6 |
25 |
147 |
347 |
11 |
44 |
224 |
333 |
| 120 errores en valoraciones de empresas |
6 |
20 |
84 |
232 |
18 |
49 |
176 |
420 |
| 160 preguntas sobre finanzas |
7 |
29 |
56 |
56 |
19 |
70 |
109 |
109 |
| 75 common and uncommon errors in company valuation |
3 |
6 |
34 |
894 |
7 |
20 |
89 |
1,504 |
| 80 common and uncommon errors in company valuation |
5 |
17 |
98 |
1,159 |
7 |
32 |
223 |
1,770 |
| A definition of shareholder value creation |
9 |
30 |
108 |
1,670 |
45 |
159 |
647 |
6,697 |
| A general formula for the WACC: A correction |
6 |
19 |
79 |
263 |
22 |
60 |
328 |
986 |
| A more realistic valuation: APV and WACC with constant book leverage ratio |
13 |
41 |
144 |
221 |
59 |
173 |
569 |
815 |
| Are calculated betas good for anything? |
5 |
12 |
47 |
455 |
8 |
23 |
98 |
881 |
| BBVA: 1991-2007. Creación de valor y rentabilidad |
1 |
3 |
25 |
39 |
7 |
17 |
85 |
123 |
| Banco Santander: 1991-2007. Creación de valor y rentabilidad |
1 |
4 |
34 |
50 |
10 |
31 |
135 |
202 |
| Beneficio económico, EVA y creación de valor de empresas españolas (1991-1997) |
5 |
8 |
38 |
456 |
16 |
40 |
165 |
2,137 |
| Cash flow is cash and is a fact. Net income is just an opinion |
8 |
18 |
83 |
332 |
46 |
116 |
357 |
897 |
| Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten |
1 |
3 |
30 |
170 |
8 |
20 |
91 |
523 |
| Company valuation methods. The most common errors in valuations |
156 |
497 |
2,215 |
15,398 |
524 |
1,555 |
6,248 |
34,634 |
| Convertible bonds in Spain: A different security |
0 |
3 |
14 |
140 |
3 |
14 |
49 |
518 |
| Creación de valor para los accionistas de BBVA |
0 |
1 |
10 |
62 |
10 |
19 |
82 |
229 |
| Creación de valor para los accionistas de Bankinter |
1 |
2 |
11 |
67 |
9 |
19 |
93 |
351 |
| Creación de valor para los accionistas de Bankinter (1991-2006) |
0 |
2 |
9 |
29 |
3 |
7 |
34 |
133 |
| Creación de valor para los accionistas de Endesa |
1 |
4 |
6 |
58 |
9 |
24 |
102 |
461 |
| Creación de valor para los accionistas de Iberdrola |
0 |
2 |
5 |
47 |
8 |
20 |
74 |
265 |
| Creación de valor para los accionistas de Repsol |
1 |
2 |
7 |
55 |
5 |
14 |
74 |
213 |
| Creación de valor para los accionistas de Repsol. 1991-2006 |
0 |
2 |
7 |
29 |
1 |
7 |
30 |
80 |
| Creación de valor para los accionistas de Telefónica |
2 |
6 |
14 |
92 |
15 |
37 |
97 |
370 |
| Creación de valor para los accionistas de Unión Fenosa |
1 |
3 |
6 |
39 |
12 |
40 |
103 |
399 |
| Creación de valor para los accionistas de bancos españoles (1991-2006) |
0 |
1 |
14 |
57 |
1 |
3 |
40 |
115 |
| Creación de valor para los accionistas de las eléctricas españolas (1991-2006) |
0 |
1 |
1 |
44 |
1 |
3 |
19 |
90 |
| Creación de valor para los accionistas del Banco Popular |
1 |
3 |
4 |
38 |
5 |
13 |
66 |
190 |
| Creación de valor para los accionistas del Banco Santander |
1 |
2 |
12 |
68 |
14 |
34 |
109 |
397 |
| Derivados exóticos |
0 |
6 |
39 |
275 |
6 |
21 |
127 |
737 |
| Descensos de las cotizaciones de 154 empresas españolas. 1991-2008 |
0 |
3 |
5 |
5 |
6 |
15 |
25 |
25 |
| Descensos memorables en las cotizaciones: Telepizza y Boston Chicken |
1 |
4 |
26 |
63 |
9 |
25 |
78 |
167 |
| Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case |
49 |
140 |
508 |
1,728 |
187 |
548 |
1,924 |
5,614 |
| Divisas. Evolución y análisis de tipos de cambio (1980-1995) |
7 |
16 |
78 |
610 |
41 |
110 |
1,002 |
4,382 |
| Dos sentencias con tremendos errores sobre valoración |
2 |
8 |
16 |
16 |
17 |
50 |
76 |
76 |
| EVA, Economic profit and cash value added do NOT measure shareholder value creation |
15 |
52 |
265 |
3,008 |
80 |
209 |
1,095 |
9,887 |
| El peligro de utilizar betas calculadas |
1 |
11 |
38 |
113 |
11 |
44 |
135 |
314 |
| Eléctricas españolas: 1991-2007. Creación de valor y rentabilidad para los accionistas |
0 |
7 |
35 |
39 |
2 |
10 |
84 |
97 |
| Equity premium: Historical, expected, required and implied |
2 |
9 |
49 |
267 |
11 |
29 |
121 |
446 |
| Equivalence of ten different discounted cash flow valuation methods |
11 |
42 |
199 |
2,013 |
44 |
160 |
676 |
4,867 |
| Equivalence of ten different methods for valuing companies by cash flow discounting |
6 |
21 |
69 |
1,202 |
13 |
48 |
164 |
2,574 |
| Equivalence of the APV, WACC and flows to equity approaches to firm valuation |
15 |
41 |
158 |
1,256 |
41 |
138 |
572 |
3,960 |
| 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 |
3 |
14 |
54 |
1,209 |
16 |
65 |
231 |
4,147 |
| Euro Stoxx 50: 1997-2005. Shareholder value creation in Europe |
0 |
1 |
15 |
87 |
7 |
12 |
93 |
419 |
| EuroStoxx 50: 1997-2004. Shareholder value creation in Europe |
2 |
3 |
10 |
155 |
6 |
21 |
87 |
725 |
| Financial literature about discounted cash flow valuation |
10 |
32 |
116 |
864 |
30 |
86 |
318 |
1,690 |
| How to value a seasonal company by discounting cash flows |
5 |
16 |
66 |
462 |
18 |
52 |
241 |
1,174 |
| IBEX 35: 1991-2008. Rentabilidad y creación de valor |
9 |
11 |
11 |
11 |
25 |
29 |
29 |
29 |
| IBEX 35: 1992-2007 - Rentabilidad y creación de valor |
5 |
9 |
51 |
81 |
31 |
75 |
396 |
576 |
| Iberdrola: 1991-2007. Creación de valor y rentabilidad |
1 |
11 |
29 |
36 |
10 |
26 |
107 |
122 |
| Initial public offerings (IPOs): The Spanish experience |
0 |
8 |
29 |
214 |
3 |
14 |
69 |
588 |
| Internet valuations: The case of Terra-Lycos |
6 |
10 |
29 |
408 |
11 |
19 |
64 |
735 |
| La prima de riesgo del mercado (market risk premium) |
7 |
20 |
122 |
530 |
48 |
133 |
679 |
2,451 |
| Las empresas españolas en 2007 (y en el periodo 1993-2007). Rentabilidad y creación de valor |
1 |
6 |
29 |
55 |
5 |
15 |
97 |
157 |
| Levered and unlevered Beta |
22 |
55 |
222 |
3,458 |
216 |
678 |
2,542 |
26,621 |
| Market risk premium used in 2008: A survey of more than a 1,000 professors |
63 |
68 |
68 |
68 |
32 |
43 |
43 |
43 |
| Market risk premium: Required, historical and expected |
143 |
588 |
2,276 |
7,973 |
854 |
4,104 |
14,372 |
43,755 |
| Most common errors in company valuation |
1 |
8 |
41 |
547 |
4 |
21 |
108 |
865 |
| Métodos de valoración de empresas |
45 |
105 |
121 |
121 |
209 |
480 |
502 |
502 |
| On the instability of betas: The case of Spain |
1 |
9 |
35 |
308 |
9 |
32 |
109 |
684 |
| Optimal capital structure: Problems with the Harvard and Damodaran Approaches |
30 |
86 |
315 |
1,818 |
126 |
386 |
1,262 |
6,358 |
| Poor performance of mutual funds in Spain. 1991-2007 |
1 |
7 |
52 |
52 |
5 |
14 |
58 |
58 |
| Prima de Riesgo del Mercado: Histórica, Esperada, Exigida e Implícita |
3 |
24 |
25 |
25 |
8 |
44 |
46 |
46 |
| Prima de riesgo del mercado utilizada: Encuesta 2008 |
5 |
12 |
25 |
25 |
25 |
49 |
116 |
116 |
| Rentabilidad de los fondos de inversión de renta variable nacional en España (1991-2006) |
1 |
4 |
11 |
32 |
15 |
24 |
125 |
258 |
| Rentabilidad de los fondos de inversión en España. (1991-2006) |
0 |
3 |
18 |
55 |
5 |
15 |
85 |
198 |
| Rentabilidad de los fondos de inversión en España. 1991-2007 |
1 |
9 |
39 |
54 |
8 |
25 |
150 |
191 |
| Rentabilidad de los fondos de inversión en España. 1991-2008 |
5 |
6 |
6 |
6 |
13 |
16 |
16 |
16 |
| Rentabilidad de los fondos de pensiones en España. 1991-2007 |
6 |
16 |
73 |
86 |
18 |
55 |
276 |
299 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2008 (hasta el 17 de septiembre) |
1 |
7 |
12 |
12 |
3 |
19 |
38 |
38 |
| Rentabilidad y creación de valor de 136 empresas españolas en 2008 |
0 |
0 |
0 |
0 |
11 |
14 |
14 |
14 |
| Rentabilidad y creación de valor de las empresas españolas en 2006 (y en el periodo 1993-2006) |
1 |
2 |
11 |
55 |
17 |
41 |
144 |
326 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1992-2003 |
1 |
1 |
3 |
412 |
8 |
14 |
41 |
832 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2005 |
3 |
8 |
30 |
162 |
14 |
41 |
216 |
952 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2006 |
1 |
2 |
12 |
43 |
8 |
22 |
128 |
317 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del Ibex 35. 1992-2004 |
1 |
6 |
19 |
173 |
14 |
34 |
143 |
984 |
| Reply to "Comment on the value of tax shields is NOT equal to the present value of tax shields" |
2 |
6 |
22 |
134 |
6 |
17 |
45 |
307 |
| Reply to "The value of tax shields is equal to the present value of tax shields" |
1 |
5 |
18 |
141 |
4 |
12 |
38 |
318 |
| Shareholder value creation in Europe. Eurostoxx 50: 1997-2003 |
1 |
1 |
8 |
236 |
7 |
14 |
57 |
1,167 |
| Shareholder value creation of microsoft and GE |
4 |
33 |
123 |
660 |
20 |
93 |
369 |
1,944 |
| Shareholder value creators and shareholder value destroyers in Europe. Year 2002 |
0 |
1 |
6 |
182 |
1 |
4 |
22 |
402 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2001 |
1 |
7 |
17 |
517 |
5 |
27 |
101 |
1,266 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2002 |
2 |
3 |
8 |
358 |
4 |
8 |
46 |
981 |
| Shareholder value creators in the S&P 500: Year 2003 |
0 |
1 |
5 |
174 |
4 |
15 |
62 |
565 |
| Shareholder value creators in the S&P 500: Year 2004 |
1 |
4 |
10 |
157 |
8 |
29 |
79 |
540 |
| Telefónica: 1991-2007. Creación de valor y rentabilidad |
2 |
6 |
33 |
46 |
7 |
23 |
140 |
192 |
| The correct value of tax shields: An analysis of 23 theories |
3 |
11 |
42 |
238 |
10 |
22 |
104 |
462 |
| The equity premium in 100 textbooks |
3 |
16 |
93 |
93 |
13 |
50 |
97 |
97 |
| The equity premium in finance and valuation textbooks |
0 |
7 |
48 |
190 |
8 |
20 |
117 |
422 |
| The equity premium in finance and valuation textbooks |
1 |
6 |
55 |
55 |
10 |
25 |
75 |
75 |
| The value of tax shields depends only on the net increases of debt |
1 |
4 |
23 |
114 |
3 |
10 |
52 |
252 |
| The value of tax shields is not equal to the present value of tax shields |
2 |
21 |
96 |
579 |
55 |
237 |
871 |
3,544 |
| The value of tax shields is not equal to the present value of tax shields: A correction |
3 |
9 |
35 |
192 |
4 |
14 |
56 |
393 |
| The value of tax shields with a fixed book-value leverage ratio |
2 |
9 |
28 |
132 |
6 |
29 |
103 |
391 |
| Three residual income valuation methods and discounted cash flow valuation |
25 |
93 |
355 |
3,490 |
88 |
366 |
1,341 |
11,271 |
| Valoración de empresas por descuento de flujos: Diez métodos y siete teorías |
16 |
43 |
78 |
78 |
64 |
147 |
243 |
243 |
| Valoración de marcas e intangibles |
5 |
23 |
113 |
229 |
48 |
142 |
448 |
796 |
| Valoración de opciones por simulación |
4 |
11 |
51 |
480 |
22 |
41 |
161 |
1,392 |
| Valoración de opciones reales: Dificultades, problemas y errores |
11 |
33 |
46 |
46 |
52 |
109 |
141 |
141 |
| Valuation of brands and intellectual capital |
16 |
60 |
246 |
2,501 |
41 |
142 |
558 |
4,867 |
| Valuation using multiples. How do analysts reach their conclusions? |
30 |
106 |
482 |
3,250 |
87 |
354 |
1,608 |
7,814 |
| Value of tax shields and the risk of the net increase of debt, The. Year 2004 |
1 |
2 |
22 |
212 |
3 |
7 |
50 |
653 |
| Valuing companies by cash flow discounting: Ten methods and nine theories |
22 |
70 |
278 |
5,070 |
44 |
179 |
756 |
10,986 |
| Valuing companies with a fixed book-value leverage ratio |
2 |
10 |
38 |
230 |
11 |
47 |
154 |
707 |
| Valuing real options: frequently made errors |
6 |
23 |
91 |
1,142 |
19 |
71 |
227 |
2,031 |
| Volatilidades, betas y alfas de empresas españolas. Periodos 1990-1996 y 1986-1989 |
4 |
14 |
39 |
387 |
29 |
67 |
212 |
2,000 |
| Total Working Papers |
907 |
2,940 |
11,348 |
74,329 |
3,896 |
13,128 |
47,956 |
241,985 |