| 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 |
1 |
337 |
0 |
0 |
2 |
375 |
| 102 errores en valoraciones de empresas |
0 |
0 |
2 |
337 |
0 |
0 |
4 |
698 |
| 110 common errors in company valuations |
1 |
4 |
32 |
1,129 |
3 |
8 |
58 |
1,671 |
| 120 errores en valoraciones de empresas |
0 |
0 |
2 |
463 |
1 |
1 |
19 |
1,013 |
| 160 preguntas sobre finanzas |
0 |
1 |
3 |
302 |
2 |
3 |
17 |
1,144 |
| 17 problemas de finanzas básicas resueltos y 307 respuestas erróneas |
1 |
2 |
8 |
284 |
1 |
3 |
35 |
1,197 |
| 201 preguntas sobre finanzas |
0 |
2 |
9 |
135 |
0 |
3 |
16 |
292 |
| 21 problemas sencillos de finanzas resueltos y 525 respuestas erróneas |
0 |
0 |
2 |
219 |
0 |
1 |
8 |
309 |
| 28 problemas sencillos de finanzas resueltos y 950 respuestas erróneas |
0 |
6 |
17 |
92 |
0 |
6 |
33 |
220 |
| 75 common and uncommon errors in company valuation |
0 |
0 |
0 |
1,026 |
3 |
6 |
18 |
1,827 |
| 80 common and uncommon errors in company valuation |
1 |
2 |
7 |
1,549 |
2 |
4 |
35 |
2,619 |
| A definition of shareholder value creation |
27 |
58 |
246 |
2,663 |
95 |
194 |
823 |
10,379 |
| A general formula for the WACC: A correction |
0 |
0 |
1 |
428 |
1 |
1 |
18 |
1,568 |
| A more realistic valuation: APV and WACC with constant book leverage ratio |
1 |
3 |
7 |
498 |
3 |
7 |
27 |
1,944 |
| Algunos swaps de tipos de interés |
0 |
2 |
5 |
26 |
1 |
4 |
11 |
88 |
| Are calculated betas good for anything? |
0 |
0 |
4 |
557 |
1 |
4 |
21 |
1,151 |
| BBVA: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
2 |
77 |
0 |
0 |
10 |
280 |
| Banco Santander: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
102 |
0 |
0 |
7 |
434 |
| Beneficio económico, EVA y creación de valor de empresas españolas (1991-1997) |
1 |
2 |
6 |
522 |
9 |
15 |
30 |
2,423 |
| Beta = 1 does a better job than calculated betas |
0 |
0 |
3 |
422 |
0 |
0 |
12 |
307 |
| Betas used by professors: A survey with 2,500 answers |
0 |
2 |
7 |
231 |
3 |
12 |
32 |
295 |
| Betas utilizadas por directivos y profesores europeos en 2009 |
0 |
0 |
1 |
64 |
1 |
1 |
11 |
141 |
| Bonos estructurados vendidos en España en los últimos años |
0 |
0 |
1 |
37 |
1 |
1 |
8 |
140 |
| Cash flow is cash and is a fact. Net income is just an opinion |
1 |
4 |
16 |
652 |
9 |
25 |
84 |
2,523 |
| Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten |
0 |
0 |
0 |
207 |
2 |
3 |
13 |
705 |
| Company valuation methods. The most common errors in valuations |
9 |
24 |
96 |
19,783 |
19 |
67 |
234 |
49,109 |
| Convertible bonds in Spain: A different security |
0 |
0 |
0 |
160 |
1 |
4 |
17 |
703 |
| Creación de valor para los accionistas de BBVA |
0 |
0 |
1 |
77 |
0 |
0 |
5 |
340 |
| Creación de valor para los accionistas de Bankinter |
0 |
0 |
1 |
89 |
4 |
4 |
8 |
499 |
| Creación de valor para los accionistas de Bankinter (1991-2006) |
0 |
0 |
1 |
37 |
3 |
5 |
11 |
228 |
| Creación de valor para los accionistas de Endesa |
0 |
0 |
0 |
74 |
0 |
0 |
4 |
608 |
| Creación de valor para los accionistas de Iberdrola |
0 |
0 |
0 |
67 |
0 |
0 |
6 |
384 |
| Creación de valor para los accionistas de Repsol |
0 |
0 |
1 |
74 |
0 |
0 |
5 |
356 |
| Creación de valor para los accionistas de Repsol. 1991-2006 |
0 |
0 |
1 |
39 |
0 |
1 |
10 |
155 |
| Creación de valor para los accionistas de Telefónica |
0 |
0 |
1 |
112 |
2 |
2 |
13 |
510 |
| Creación de valor para los accionistas de Unión Fenosa |
0 |
0 |
1 |
49 |
0 |
2 |
8 |
594 |
| Creación de valor para los accionistas de bancos españoles (1991-2006) |
0 |
0 |
1 |
77 |
0 |
0 |
6 |
198 |
| Creación de valor para los accionistas de las eléctricas españolas (1991-2006) |
0 |
0 |
1 |
52 |
0 |
1 |
7 |
141 |
| Creación de valor para los accionistas del Banco Popular |
0 |
0 |
0 |
51 |
0 |
2 |
9 |
347 |
| Creación de valor para los accionistas del Banco Santander |
0 |
0 |
0 |
93 |
0 |
0 |
12 |
601 |
| Derivados exóticos |
3 |
5 |
11 |
376 |
20 |
28 |
86 |
1,250 |
| Descensos de las cotizaciones de 154 empresas españolas. 1991-2008 |
0 |
0 |
0 |
17 |
0 |
1 |
4 |
107 |
| Descensos memorables en las cotizaciones: Telepizza y Boston Chicken |
0 |
0 |
0 |
82 |
0 |
0 |
2 |
282 |
| Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case |
1 |
2 |
11 |
2,512 |
3 |
9 |
41 |
9,020 |
| Divisas. Evolución y análisis de tipos de cambio (1980-1995) |
0 |
0 |
0 |
677 |
1 |
2 |
17 |
5,034 |
| Dos sentencias con tremendos errores sobre valoración |
0 |
1 |
3 |
97 |
0 |
1 |
7 |
392 |
| EVA, Economic profit and cash value added do NOT measure shareholder value creation |
1 |
5 |
13 |
3,627 |
5 |
17 |
63 |
12,330 |
| El peligro de utilizar betas calculadas |
0 |
0 |
1 |
165 |
0 |
5 |
19 |
495 |
| Eléctricas españolas: 1991-2007. Creación de valor y rentabilidad para los accionistas |
0 |
0 |
0 |
58 |
0 |
1 |
8 |
196 |
| Equity premium: Historical, expected, required and implied |
1 |
3 |
10 |
371 |
2 |
6 |
30 |
788 |
| Equivalence of ten different discounted cash flow valuation methods |
3 |
11 |
46 |
2,916 |
10 |
36 |
232 |
7,209 |
| Equivalence of ten different methods for valuing companies by cash flow discounting |
0 |
0 |
4 |
1,380 |
2 |
4 |
18 |
3,079 |
| Equivalence of the APV, WACC and flows to equity approaches to firm valuation |
1 |
3 |
11 |
1,604 |
5 |
11 |
41 |
5,357 |
| 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 |
2 |
3 |
8 |
1,323 |
3 |
6 |
19 |
4,552 |
| Euro Stoxx 50: 1997-2005. Shareholder value creation in Europe |
0 |
0 |
1 |
121 |
0 |
0 |
5 |
675 |
| EuroStoxx 50: 1997-2004. Shareholder value creation in Europe |
0 |
0 |
1 |
186 |
0 |
2 |
10 |
879 |
| Financial literature about discounted cash flow valuation |
1 |
3 |
9 |
1,127 |
3 |
9 |
28 |
2,357 |
| How to value a seasonal company by discounting cash flows |
0 |
0 |
0 |
591 |
0 |
1 |
7 |
1,701 |
| IBEX 35: 1991-2008. Rentabilidad y creación de valor |
0 |
0 |
1 |
79 |
0 |
0 |
3 |
481 |
| IBEX 35: 1991-2010. Rentabilidad y creación de valor |
0 |
0 |
5 |
77 |
1 |
1 |
15 |
315 |
| IBEX 35: 1992-2007 - Rentabilidad y creación de valor |
0 |
0 |
0 |
116 |
0 |
0 |
7 |
1,040 |
| Iberdrola: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
1 |
65 |
1 |
2 |
7 |
266 |
| Información privilegiada según un tribunal español |
0 |
0 |
2 |
36 |
0 |
2 |
11 |
125 |
| Initial public offerings (IPOs): The Spanish experience |
0 |
0 |
3 |
271 |
4 |
7 |
25 |
797 |
| Internet valuations: The case of Terra-Lycos |
1 |
5 |
27 |
549 |
3 |
7 |
37 |
1,037 |
| La insolvencia de Lehman Brothers en septiembre de 2008: Sobre su previsibilidad y sobre algunos "profetas a posteriori" |
0 |
1 |
4 |
51 |
1 |
3 |
15 |
127 |
| La prima de riesgo del mercado (market risk premium) |
3 |
6 |
32 |
823 |
22 |
80 |
334 |
4,781 |
| La prima de riesgo del mercado según 100 Libros |
0 |
0 |
3 |
107 |
0 |
1 |
11 |
597 |
| Las empresas españolas en 2007 (y en el periodo 1993-2007). Rentabilidad y creación de valor |
0 |
0 |
0 |
76 |
0 |
0 |
1 |
244 |
| Levered and unlevered Beta |
0 |
2 |
25 |
4,021 |
16 |
51 |
283 |
34,534 |
| Market Risk Premium Used in 82 Countries in 2012: A Survey with 7,192 Answers |
1 |
2 |
15 |
85 |
2 |
4 |
33 |
189 |
| Market risk premium used in 2008 by Professors: A survey with 1,400 answers |
0 |
1 |
5 |
160 |
0 |
1 |
10 |
428 |
| Market risk premium used in 2008: A survey of more than a 1,000 professors |
0 |
0 |
5 |
228 |
0 |
4 |
19 |
807 |
| Market risk premium used in 2010 by analysts and companies: A survey with 2.400 answers |
0 |
0 |
1 |
84 |
0 |
0 |
6 |
132 |
| Market risk premium used in 2010 by professors: A survey with 1,500 answers |
0 |
0 |
3 |
71 |
0 |
1 |
12 |
127 |
| Market risk premium used in 56 countries in 2011: A survey with 6,014 answers |
0 |
0 |
6 |
219 |
1 |
3 |
21 |
388 |
| Market risk premium: Required, historical and expected |
0 |
5 |
12 |
11,010 |
1 |
11 |
54 |
63,318 |
| Most common errors in company valuation |
0 |
0 |
3 |
728 |
0 |
2 |
15 |
1,230 |
| Métodos de valoración de empresas |
0 |
5 |
26 |
949 |
1 |
13 |
59 |
5,536 |
| On the instability of betas: The case of Spain |
0 |
0 |
6 |
373 |
1 |
1 |
17 |
875 |
| Optimal capital structure: Problems with the Harvard and Damodaran Approaches |
1 |
2 |
10 |
2,216 |
1 |
4 |
24 |
8,025 |
| Poor performance of mutual funds in Spain. 1991-2007 |
0 |
0 |
0 |
85 |
0 |
0 |
4 |
175 |
| Prima de Riesgo del Mercado: Histórica, Esperada, Exigida e Implícita |
0 |
0 |
2 |
131 |
2 |
3 |
12 |
477 |
| Prima de riesgo del mercado utilizada para España: Encuesta 2011 |
0 |
0 |
3 |
42 |
0 |
3 |
16 |
267 |
| Prima de riesgo del mercado utilizada: Encuesta 2008 |
0 |
0 |
1 |
60 |
0 |
0 |
7 |
328 |
| Ranking de gestoras de fondos de inversión en España. 1991-2010 |
0 |
0 |
1 |
79 |
2 |
2 |
9 |
305 |
| Ranking de gestoras de fondos de inversión en España. 1994-2009 |
0 |
1 |
1 |
111 |
1 |
6 |
12 |
558 |
| Ranking de gestoras de fondos de pensiones en España. 1990-2010 |
0 |
0 |
0 |
64 |
0 |
1 |
8 |
285 |
| Rentabilidad de los Fondos de Pensiones en España. 2001-2011 |
0 |
0 |
2 |
36 |
1 |
1 |
11 |
138 |
| Rentabilidad de los fondos de inversión de renta variable nacional en España (1991-2006) |
2 |
4 |
13 |
138 |
6 |
13 |
72 |
792 |
| Rentabilidad de los fondos de inversión en España. (1991-2006) |
0 |
0 |
0 |
65 |
0 |
0 |
1 |
272 |
| Rentabilidad de los fondos de inversión en España. 1991-2007 |
0 |
0 |
0 |
69 |
1 |
1 |
4 |
327 |
| Rentabilidad de los fondos de inversión en España. 1991-2008 |
0 |
0 |
3 |
50 |
1 |
1 |
7 |
181 |
| Rentabilidad de los fondos de inversión en España. 1991-2009 |
0 |
0 |
1 |
28 |
0 |
0 |
8 |
145 |
| Rentabilidad de los fondos de inversión en España. 2001-2011 |
0 |
1 |
4 |
26 |
0 |
2 |
10 |
71 |
| Rentabilidad de los fondos de pensiones en España. 1991-2007 |
0 |
0 |
2 |
155 |
0 |
0 |
11 |
635 |
| Rentabilidad de los fondos de pensiones en España. 1991-2008 |
0 |
0 |
0 |
31 |
1 |
1 |
8 |
148 |
| Rentabilidad de los fondos de pensiones en España. 2001-2011 |
0 |
0 |
1 |
9 |
0 |
0 |
7 |
45 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2008 (hasta el 17 de septiembre) |
0 |
0 |
0 |
33 |
0 |
0 |
4 |
133 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2009 |
0 |
0 |
1 |
37 |
0 |
2 |
6 |
154 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2010 |
0 |
0 |
2 |
58 |
0 |
2 |
12 |
182 |
| Rentabilidad y creación de valor de 136 empresas españolas en 2008 |
0 |
0 |
0 |
0 |
0 |
0 |
6 |
109 |
| Rentabilidad y creación de valor de 136 empresas españolas en el primer semestre de 2009 y en 2008 |
0 |
0 |
1 |
19 |
0 |
1 |
6 |
89 |
| Rentabilidad y creación de valor de las empresas españolas en 2006 (y en el periodo 1993-2006) |
0 |
0 |
1 |
65 |
1 |
4 |
8 |
458 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1992-2003 |
0 |
0 |
1 |
422 |
0 |
0 |
3 |
901 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2005 |
0 |
1 |
3 |
204 |
1 |
4 |
15 |
1,141 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2006 |
0 |
0 |
0 |
59 |
2 |
3 |
8 |
455 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del Ibex 35. 1992-2004 |
0 |
0 |
2 |
197 |
0 |
1 |
9 |
1,243 |
| Reply to "Comment on the value of tax shields is NOT equal to the present value of tax shields" |
0 |
0 |
0 |
179 |
1 |
1 |
10 |
484 |
| Reply to "The value of tax shields is equal to the present value of tax shields" |
0 |
0 |
2 |
173 |
2 |
2 |
12 |
427 |
| Shareholder value creation in Europe. Eurostoxx 50: 1997-2003 |
0 |
0 |
0 |
256 |
0 |
0 |
5 |
1,302 |
| Shareholder value creation of microsoft and GE |
0 |
0 |
2 |
917 |
1 |
2 |
36 |
3,103 |
| Shareholder value creators and shareholder value destroyers in Europe. Year 2002 |
0 |
0 |
0 |
199 |
0 |
0 |
5 |
473 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2001 |
0 |
0 |
3 |
563 |
0 |
0 |
7 |
1,443 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2002 |
0 |
0 |
0 |
385 |
0 |
0 |
6 |
1,119 |
| Shareholder value creators in the Dow Jones: Year 2008 |
0 |
0 |
2 |
79 |
1 |
1 |
7 |
159 |
| Shareholder value creators in the S&P 500: 1991-2010 |
0 |
0 |
3 |
91 |
0 |
0 |
7 |
171 |
| Shareholder value creators in the S&P 500: Year 2003 |
0 |
0 |
3 |
193 |
0 |
0 |
10 |
698 |
| Shareholder value creators in the S&P 500: Year 2004 |
0 |
0 |
2 |
181 |
1 |
2 |
6 |
776 |
| Telefónica: 1991-2007. Creación de valor y rentabilidad |
0 |
1 |
1 |
56 |
0 |
1 |
6 |
301 |
| Telefónica: 1991-2010. Creación de valor y rentabilidad |
0 |
1 |
4 |
59 |
1 |
4 |
10 |
172 |
| Ten badly explained topics in most corporate finance books |
0 |
0 |
1 |
151 |
0 |
3 |
8 |
248 |
| The correct value of tax shields: An analysis of 23 theories |
0 |
0 |
3 |
304 |
1 |
2 |
20 |
656 |
| The equity premium in 100 textbooks |
0 |
0 |
1 |
157 |
1 |
2 |
9 |
349 |
| The equity premium in 150 textbooks |
0 |
0 |
4 |
169 |
1 |
2 |
14 |
255 |
| The equity premium in finance and valuation textbooks |
0 |
0 |
0 |
221 |
0 |
1 |
10 |
566 |
| The equity premium in finance and valuation textbooks |
0 |
1 |
1 |
112 |
1 |
2 |
11 |
268 |
| The equity premium puzzle: High required equity premium, undervaluation and self fulfilling prophecy |
0 |
0 |
5 |
112 |
3 |
4 |
21 |
356 |
| The value of tax shields depends only on the net increases of debt |
0 |
0 |
0 |
143 |
1 |
2 |
13 |
357 |
| The value of tax shields is not equal to the present value of tax shields |
0 |
0 |
1 |
785 |
1 |
2 |
19 |
5,365 |
| The value of tax shields is not equal to the present value of tax shields: A correction |
1 |
1 |
2 |
231 |
2 |
2 |
12 |
525 |
| The value of tax shields with a fixed book-value leverage ratio |
0 |
0 |
1 |
177 |
1 |
1 |
5 |
650 |
| Three residual income valuation methods and discounted cash flow valuation |
3 |
11 |
61 |
4,319 |
14 |
30 |
111 |
14,394 |
| Tres sentencias con tremendos errores sobre valoración |
0 |
0 |
2 |
78 |
0 |
1 |
10 |
207 |
| US market risk premium used in 2011 by professors, analysts and companies: A survey with 5.731 answers |
0 |
0 |
2 |
160 |
0 |
0 |
4 |
183 |
| Valoración de empresas por descuento de flujos: Diez métodos y siete teorías |
1 |
2 |
9 |
505 |
3 |
5 |
35 |
1,712 |
| Valoración de marcas e intangibles |
0 |
0 |
1 |
427 |
0 |
0 |
17 |
1,823 |
| Valoración de opciones por simulación |
0 |
1 |
2 |
547 |
2 |
3 |
11 |
1,709 |
| Valoración de opciones reales: Dificultades, problemas y errores |
1 |
3 |
5 |
310 |
1 |
10 |
22 |
1,301 |
| Valuation of an Expropriated Company: the Case of YPF and Repsol in Argentina |
0 |
2 |
2 |
21 |
0 |
6 |
14 |
75 |
| Valuation of brands and intellectual capital |
0 |
2 |
5 |
2,943 |
1 |
8 |
29 |
6,180 |
| Valuation using multiples. How do analysts reach their conclusions? |
6 |
18 |
37 |
4,268 |
16 |
36 |
96 |
11,193 |
| Value of tax shields and the risk of the net increase of debt, The. Year 2004 |
0 |
0 |
1 |
229 |
2 |
2 |
11 |
727 |
| Valuing Companies by Cash Flow Discounting: Fundamental Relationships and Unnecessary Complications |
2 |
5 |
16 |
105 |
3 |
10 |
33 |
193 |
| Valuing companies by cash flow discounting: Ten methods and nine theories |
1 |
1 |
10 |
5,568 |
2 |
7 |
42 |
12,475 |
| Valuing companies with a fixed book-value leverage ratio |
0 |
0 |
1 |
309 |
1 |
3 |
14 |
1,377 |
| Valuing real options: frequently made errors |
0 |
2 |
5 |
1,380 |
2 |
7 |
23 |
2,688 |
| Volatilidades, betas y alfas de empresas españolas. Periodos 1990-1996 y 1986-1989 |
0 |
1 |
1 |
462 |
0 |
3 |
10 |
2,424 |
| WACC: Definition, misconceptions and errors |
5 |
15 |
81 |
590 |
21 |
40 |
190 |
985 |
| Total Working Papers |
83 |
251 |
1,138 |
103,204 |
382 |
985 |
4,588 |
359,501 |
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