| Working Paper |
File Downloads |
Abstract Views |
| Last month |
3 months |
12 months |
Total |
Last month |
3 months |
12 months |
Total |
| 100 questions on finance |
0 |
0 |
0 |
344 |
0 |
0 |
1 |
392 |
| 102 errores en valoraciones de empresas |
0 |
0 |
0 |
342 |
0 |
1 |
2 |
711 |
| 110 common errors in company valuations |
1 |
6 |
30 |
1,280 |
2 |
7 |
39 |
1,892 |
| 120 errores en valoraciones de empresas |
0 |
1 |
3 |
476 |
0 |
3 |
6 |
1,065 |
| 160 preguntas sobre finanzas |
0 |
0 |
3 |
313 |
0 |
0 |
5 |
1,174 |
| 17 problemas de finanzas básicas resueltos y 307 respuestas erróneas |
0 |
0 |
0 |
294 |
0 |
0 |
0 |
1,229 |
| 201 preguntas sobre finanzas |
0 |
0 |
1 |
151 |
0 |
1 |
4 |
360 |
| 21 problemas sencillos de finanzas resueltos y 525 respuestas erróneas |
0 |
0 |
1 |
223 |
1 |
2 |
5 |
323 |
| 28 problemas sencillos de finanzas resueltos y 950 respuestas erróneas |
0 |
0 |
4 |
123 |
2 |
2 |
16 |
305 |
| 75 common and uncommon errors in company valuation |
0 |
1 |
1 |
1,029 |
0 |
1 |
2 |
1,853 |
| 80 common and uncommon errors in company valuation |
0 |
1 |
1 |
1,558 |
1 |
3 |
8 |
2,668 |
| A definition of shareholder value creation |
7 |
23 |
110 |
3,510 |
23 |
76 |
378 |
13,339 |
| A general formula for the WACC: A correction |
0 |
0 |
0 |
437 |
1 |
1 |
1 |
1,599 |
| A more realistic valuation: APV and WACC with constant book leverage ratio |
0 |
1 |
6 |
521 |
1 |
2 |
15 |
2,041 |
| Algunos swaps de tipos de interés |
0 |
0 |
0 |
33 |
0 |
0 |
2 |
107 |
| Are calculated betas good for anything? |
0 |
0 |
2 |
569 |
1 |
1 |
5 |
1,254 |
| BBVA: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
82 |
0 |
0 |
2 |
302 |
| Banco Santander: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
106 |
1 |
1 |
1 |
448 |
| Beneficio económico, EVA y creación de valor de empresas españolas (1991-1997) |
1 |
3 |
8 |
600 |
1 |
3 |
24 |
2,676 |
| Beta = 1 does a better job than calculated betas |
0 |
0 |
0 |
430 |
0 |
0 |
1 |
341 |
| Betas used by professors: A survey with 2,500 answers |
0 |
0 |
1 |
245 |
0 |
0 |
2 |
335 |
| Betas utilizadas por directivos y profesores europeos en 2009 |
0 |
0 |
1 |
68 |
0 |
1 |
2 |
151 |
| Bonos estructurados vendidos en España en los últimos años |
0 |
0 |
3 |
41 |
0 |
0 |
3 |
159 |
| Cash flow is cash and is a fact. Net income is just an opinion |
0 |
1 |
4 |
691 |
0 |
1 |
11 |
2,715 |
| Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten |
1 |
1 |
1 |
220 |
1 |
1 |
1 |
720 |
| Company valuation methods. The most common errors in valuations |
5 |
16 |
65 |
20,275 |
11 |
32 |
147 |
50,202 |
| Convertible bonds in Spain: A different security |
0 |
0 |
0 |
160 |
0 |
0 |
2 |
741 |
| Creación de valor para los accionistas de BBVA |
0 |
0 |
0 |
81 |
0 |
1 |
2 |
356 |
| Creación de valor para los accionistas de Bankinter |
0 |
0 |
0 |
89 |
0 |
0 |
1 |
515 |
| Creación de valor para los accionistas de Bankinter (1991-2006) |
0 |
0 |
0 |
39 |
0 |
0 |
0 |
241 |
| Creación de valor para los accionistas de Endesa |
0 |
0 |
0 |
76 |
0 |
0 |
1 |
617 |
| Creación de valor para los accionistas de Iberdrola |
0 |
0 |
1 |
72 |
0 |
0 |
2 |
414 |
| Creación de valor para los accionistas de Repsol |
0 |
0 |
0 |
74 |
0 |
0 |
0 |
376 |
| Creación de valor para los accionistas de Repsol. 1991-2006 |
0 |
0 |
1 |
51 |
0 |
0 |
1 |
192 |
| Creación de valor para los accionistas de Telefónica |
0 |
0 |
0 |
114 |
0 |
1 |
2 |
534 |
| Creación de valor para los accionistas de Unión Fenosa |
0 |
0 |
0 |
49 |
0 |
0 |
0 |
604 |
| Creación de valor para los accionistas de bancos españoles (1991-2006) |
0 |
0 |
1 |
81 |
0 |
1 |
3 |
213 |
| Creación de valor para los accionistas de las eléctricas españolas (1991-2006) |
0 |
0 |
0 |
52 |
0 |
0 |
0 |
145 |
| Creación de valor para los accionistas del Banco Popular |
0 |
0 |
1 |
52 |
0 |
0 |
1 |
353 |
| Creación de valor para los accionistas del Banco Santander |
0 |
0 |
2 |
97 |
0 |
0 |
2 |
611 |
| Derivados exóticos |
0 |
0 |
4 |
398 |
0 |
2 |
14 |
1,365 |
| Descensos de las cotizaciones de 154 empresas españolas. 1991-2008 |
0 |
0 |
0 |
17 |
0 |
0 |
0 |
113 |
| Descensos memorables en las cotizaciones: Telepizza y Boston Chicken |
0 |
0 |
0 |
86 |
0 |
1 |
2 |
291 |
| Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case |
0 |
0 |
5 |
2,553 |
0 |
0 |
12 |
9,136 |
| Divisas. Evolución y análisis de tipos de cambio (1980-1995) |
0 |
0 |
1 |
685 |
2 |
2 |
5 |
5,068 |
| Dos sentencias con tremendos errores sobre valoración |
0 |
0 |
1 |
103 |
0 |
0 |
2 |
405 |
| EVA, Economic profit and cash value added do NOT measure shareholder value creation |
1 |
4 |
11 |
3,691 |
1 |
8 |
29 |
12,597 |
| El peligro de utilizar betas calculadas |
1 |
1 |
1 |
172 |
1 |
2 |
2 |
551 |
| Eléctricas españolas: 1991-2007. Creación de valor y rentabilidad para los accionistas |
0 |
0 |
0 |
59 |
0 |
0 |
0 |
199 |
| Equity premium: Historical, expected, required and implied |
1 |
1 |
3 |
386 |
2 |
4 |
8 |
834 |
| Equivalence of ten different discounted cash flow valuation methods |
1 |
4 |
23 |
3,037 |
1 |
6 |
44 |
7,473 |
| Equivalence of ten different methods for valuing companies by cash flow discounting |
0 |
0 |
1 |
1,387 |
0 |
0 |
4 |
3,127 |
| Equivalence of the APV, WACC and flows to equity approaches to firm valuation |
0 |
0 |
1 |
1,618 |
2 |
3 |
5 |
5,421 |
| 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 |
0 |
0 |
1 |
1,328 |
1 |
1 |
5 |
4,575 |
| Euro Stoxx 50: 1997-2005. Shareholder value creation in Europe |
0 |
0 |
0 |
122 |
0 |
0 |
0 |
679 |
| EuroStoxx 50: 1997-2004. Shareholder value creation in Europe |
0 |
0 |
1 |
189 |
0 |
1 |
6 |
899 |
| Financial literature about discounted cash flow valuation |
0 |
1 |
6 |
1,157 |
0 |
4 |
17 |
2,472 |
| How to value a seasonal company by discounting cash flows |
0 |
0 |
0 |
599 |
0 |
0 |
1 |
1,754 |
| IBEX 35: 1991-2008. Rentabilidad y creación de valor |
0 |
0 |
2 |
85 |
0 |
1 |
4 |
497 |
| IBEX 35: 1991-2010. Rentabilidad y creación de valor |
0 |
0 |
3 |
88 |
0 |
0 |
3 |
342 |
| IBEX 35: 1992-2007 - Rentabilidad y creación de valor |
0 |
0 |
1 |
120 |
0 |
0 |
1 |
1,054 |
| Iberdrola: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
65 |
0 |
0 |
0 |
278 |
| Información privilegiada según un tribunal español |
0 |
0 |
0 |
36 |
0 |
0 |
0 |
128 |
| Initial public offerings (IPOs): The Spanish experience |
0 |
0 |
0 |
279 |
0 |
0 |
2 |
852 |
| Internet valuations: The case of Terra-Lycos |
2 |
6 |
25 |
679 |
2 |
6 |
26 |
1,187 |
| La insolvencia de Lehman Brothers en septiembre de 2008: Sobre su previsibilidad y sobre algunos "profetas a posteriori" |
0 |
0 |
1 |
56 |
1 |
1 |
2 |
144 |
| La prima de riesgo del mercado (market risk premium) |
1 |
3 |
33 |
972 |
7 |
20 |
168 |
6,171 |
| La prima de riesgo del mercado según 100 Libros |
0 |
1 |
2 |
115 |
0 |
1 |
2 |
618 |
| Las empresas españolas en 2007 (y en el periodo 1993-2007). Rentabilidad y creación de valor |
0 |
0 |
0 |
76 |
0 |
0 |
0 |
252 |
| Levered and unlevered Beta |
0 |
1 |
2 |
4,064 |
1 |
3 |
22 |
35,062 |
| Market Risk Premium Used in 82 Countries in 2012: A Survey with 7,192 Answers |
1 |
1 |
3 |
106 |
2 |
3 |
9 |
259 |
| Market risk premium used in 2008 by Professors: A survey with 1,400 answers |
0 |
0 |
1 |
164 |
0 |
0 |
3 |
439 |
| Market risk premium used in 2008: A survey of more than a 1,000 professors |
0 |
0 |
2 |
233 |
1 |
3 |
9 |
844 |
| Market risk premium used in 2010 by analysts and companies: A survey with 2.400 answers |
0 |
0 |
0 |
87 |
0 |
0 |
1 |
155 |
| Market risk premium used in 2010 by professors: A survey with 1,500 answers |
0 |
0 |
2 |
74 |
1 |
1 |
5 |
143 |
| Market risk premium used in 56 countries in 2011: A survey with 6,014 answers |
0 |
0 |
0 |
230 |
0 |
1 |
5 |
425 |
| Market risk premium: Required, historical and expected |
1 |
5 |
25 |
11,106 |
6 |
18 |
79 |
63,702 |
| Most common errors in company valuation |
0 |
0 |
1 |
740 |
0 |
1 |
3 |
1,257 |
| Métodos de valoración de empresas |
1 |
4 |
20 |
1,032 |
2 |
6 |
54 |
5,716 |
| On the instability of betas: The case of Spain |
0 |
0 |
0 |
397 |
0 |
0 |
6 |
924 |
| Optimal capital structure: Problems with the Harvard and Damodaran Approaches |
1 |
1 |
4 |
2,233 |
4 |
6 |
20 |
8,139 |
| Poor performance of mutual funds in Spain. 1991-2007 |
0 |
0 |
0 |
85 |
0 |
0 |
1 |
180 |
| Prima de Riesgo del Mercado: Histórica, Esperada, Exigida e Implícita |
0 |
0 |
2 |
144 |
0 |
0 |
4 |
506 |
| Prima de riesgo del mercado utilizada para España: Encuesta 2011 |
0 |
0 |
0 |
42 |
0 |
0 |
1 |
280 |
| Prima de riesgo del mercado utilizada: Encuesta 2008 |
0 |
0 |
0 |
62 |
0 |
0 |
0 |
335 |
| Ranking de gestoras de fondos de inversión en España. 1991-2010 |
0 |
0 |
1 |
83 |
0 |
1 |
4 |
342 |
| Ranking de gestoras de fondos de inversión en España. 1994-2009 |
0 |
0 |
0 |
116 |
1 |
2 |
7 |
595 |
| Ranking de gestoras de fondos de pensiones en España. 1990-2010 |
0 |
0 |
0 |
64 |
1 |
1 |
1 |
295 |
| Rentabilidad de los Fondos de Pensiones en España. 2001-2011 |
0 |
0 |
0 |
39 |
0 |
1 |
1 |
147 |
| Rentabilidad de los fondos de inversión de renta variable nacional en España (1991-2006) |
1 |
1 |
7 |
207 |
5 |
7 |
36 |
1,074 |
| Rentabilidad de los fondos de inversión en España. (1991-2006) |
0 |
0 |
1 |
69 |
0 |
0 |
1 |
282 |
| Rentabilidad de los fondos de inversión en España. 1991-2007 |
0 |
0 |
0 |
69 |
0 |
0 |
1 |
333 |
| Rentabilidad de los fondos de inversión en España. 1991-2008 |
0 |
0 |
0 |
50 |
0 |
0 |
1 |
193 |
| Rentabilidad de los fondos de inversión en España. 1991-2009 |
0 |
1 |
1 |
34 |
0 |
1 |
1 |
160 |
| Rentabilidad de los fondos de inversión en España. 2001-2011 |
0 |
0 |
4 |
44 |
0 |
0 |
5 |
134 |
| Rentabilidad de los fondos de pensiones en España. 1991-2007 |
0 |
0 |
1 |
159 |
0 |
0 |
2 |
649 |
| Rentabilidad de los fondos de pensiones en España. 1991-2008 |
0 |
0 |
0 |
33 |
0 |
1 |
3 |
163 |
| Rentabilidad de los fondos de pensiones en España. 2001-2011 |
0 |
0 |
0 |
9 |
0 |
1 |
2 |
55 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2008 (hasta el 17 de septiembre) |
0 |
0 |
0 |
33 |
0 |
0 |
0 |
136 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2009 |
0 |
0 |
0 |
37 |
0 |
0 |
0 |
154 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2010 |
0 |
0 |
0 |
60 |
1 |
1 |
1 |
193 |
| Rentabilidad y creación de valor de 136 empresas españolas en 2008 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
118 |
| Rentabilidad y creación de valor de 136 empresas españolas en el primer semestre de 2009 y en 2008 |
0 |
0 |
0 |
20 |
0 |
0 |
0 |
93 |
| Rentabilidad y creación de valor de las empresas españolas en 2006 (y en el periodo 1993-2006) |
0 |
0 |
0 |
66 |
0 |
0 |
0 |
464 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1992-2003 |
0 |
0 |
0 |
425 |
0 |
0 |
1 |
910 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2005 |
0 |
0 |
1 |
215 |
1 |
1 |
3 |
1,164 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2006 |
0 |
0 |
1 |
62 |
0 |
0 |
2 |
469 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del Ibex 35. 1992-2004 |
0 |
0 |
0 |
198 |
0 |
0 |
0 |
1,256 |
| Reply to "Comment on the value of tax shields is NOT equal to the present value of tax shields" |
0 |
0 |
0 |
181 |
0 |
0 |
1 |
495 |
| Reply to "The value of tax shields is equal to the present value of tax shields" |
0 |
0 |
1 |
177 |
0 |
0 |
2 |
447 |
| Shareholder value creation in Europe. Eurostoxx 50: 1997-2003 |
0 |
0 |
0 |
257 |
0 |
0 |
0 |
1,309 |
| Shareholder value creation of microsoft and GE |
0 |
1 |
1 |
933 |
1 |
2 |
4 |
3,175 |
| Shareholder value creators and shareholder value destroyers in Europe. Year 2002 |
0 |
0 |
0 |
200 |
1 |
1 |
1 |
486 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2001 |
0 |
0 |
0 |
566 |
1 |
1 |
1 |
1,453 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2002 |
0 |
0 |
0 |
387 |
0 |
1 |
2 |
1,134 |
| Shareholder value creators in the Dow Jones: Year 2008 |
0 |
0 |
0 |
79 |
0 |
0 |
0 |
165 |
| Shareholder value creators in the S&P 500: 1991-2010 |
0 |
0 |
0 |
93 |
0 |
0 |
0 |
181 |
| Shareholder value creators in the S&P 500: Year 2003 |
0 |
0 |
0 |
194 |
1 |
1 |
1 |
705 |
| Shareholder value creators in the S&P 500: Year 2004 |
0 |
0 |
0 |
181 |
0 |
3 |
5 |
789 |
| Telefónica: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
58 |
0 |
0 |
0 |
311 |
| Telefónica: 1991-2010. Creación de valor y rentabilidad |
0 |
0 |
0 |
60 |
1 |
1 |
2 |
182 |
| Ten badly explained topics in most corporate finance books |
0 |
0 |
1 |
163 |
0 |
0 |
2 |
272 |
| The correct value of tax shields: An analysis of 23 theories |
0 |
0 |
0 |
308 |
3 |
4 |
6 |
684 |
| The equity premium in 100 textbooks |
0 |
0 |
0 |
158 |
1 |
1 |
2 |
360 |
| The equity premium in 150 textbooks |
0 |
0 |
0 |
176 |
0 |
2 |
2 |
277 |
| The equity premium in finance and valuation textbooks |
0 |
0 |
0 |
223 |
0 |
0 |
0 |
573 |
| The equity premium in finance and valuation textbooks |
0 |
0 |
0 |
112 |
1 |
2 |
2 |
281 |
| The equity premium puzzle: High required equity premium, undervaluation and self fulfilling prophecy |
0 |
0 |
1 |
119 |
0 |
2 |
6 |
455 |
| The value of tax shields depends only on the net increases of debt |
0 |
0 |
1 |
148 |
0 |
0 |
1 |
368 |
| The value of tax shields is not equal to the present value of tax shields |
0 |
1 |
3 |
795 |
0 |
4 |
8 |
5,412 |
| The value of tax shields is not equal to the present value of tax shields: A correction |
0 |
0 |
0 |
236 |
1 |
1 |
3 |
538 |
| The value of tax shields with a fixed book-value leverage ratio |
0 |
0 |
0 |
179 |
0 |
0 |
0 |
657 |
| Three residual income valuation methods and discounted cash flow valuation |
4 |
9 |
42 |
4,566 |
4 |
10 |
59 |
14,777 |
| Tres sentencias con tremendos errores sobre valoración |
0 |
0 |
0 |
84 |
0 |
0 |
0 |
224 |
| US market risk premium used in 2011 by professors, analysts and companies: A survey with 5.731 answers |
0 |
0 |
1 |
162 |
0 |
0 |
2 |
192 |
| Valoración de empresas por descuento de flujos: Diez métodos y siete teorías |
2 |
2 |
10 |
537 |
3 |
5 |
19 |
1,793 |
| Valoración de marcas e intangibles |
0 |
0 |
2 |
442 |
0 |
0 |
4 |
1,899 |
| Valoración de opciones por simulación |
0 |
0 |
2 |
553 |
0 |
0 |
2 |
1,728 |
| Valoración de opciones reales: Dificultades, problemas y errores |
0 |
0 |
1 |
319 |
0 |
0 |
1 |
1,343 |
| Valuation of an Expropriated Company: the Case of YPF and Repsol in Argentina |
0 |
26 |
27 |
55 |
0 |
30 |
33 |
149 |
| Valuation of brands and intellectual capital |
1 |
2 |
11 |
2,989 |
3 |
6 |
18 |
6,295 |
| Valuation using multiples. How do analysts reach their conclusions? |
7 |
18 |
79 |
4,606 |
10 |
27 |
157 |
11,949 |
| Value of tax shields and the risk of the net increase of debt, The. Year 2004 |
0 |
0 |
0 |
232 |
0 |
0 |
0 |
744 |
| Valuing Companies by Cash Flow Discounting: Fundamental Relationships and Unnecessary Complications |
0 |
0 |
5 |
130 |
1 |
2 |
10 |
236 |
| Valuing companies by cash flow discounting: Ten methods and nine theories |
0 |
0 |
2 |
5,590 |
0 |
1 |
14 |
12,554 |
| Valuing companies with a fixed book-value leverage ratio |
0 |
0 |
0 |
311 |
1 |
1 |
1 |
1,391 |
| Valuing real options: frequently made errors |
0 |
0 |
1 |
1,388 |
2 |
2 |
8 |
2,729 |
| Volatilidades, betas y alfas de empresas españolas. Periodos 1990-1996 y 1986-1989 |
0 |
0 |
1 |
469 |
0 |
0 |
2 |
2,453 |
| WACC: Definition, misconceptions and errors |
5 |
13 |
47 |
826 |
7 |
20 |
66 |
1,403 |
| Total Working Papers |
46 |
161 |
695 |
107,339 |
134 |
394 |
1,805 |
373,068 |
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