| 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 |
1 |
1 |
345 |
0 |
2 |
15 |
408 |
| 102 errores en valoraciones de empresas |
0 |
0 |
0 |
342 |
0 |
1 |
5 |
716 |
| 110 common errors in company valuations |
3 |
5 |
15 |
1,323 |
7 |
9 |
35 |
1,959 |
| 120 errores en valoraciones de empresas |
0 |
0 |
8 |
491 |
0 |
1 |
24 |
1,103 |
| 160 preguntas sobre finanzas |
0 |
0 |
0 |
313 |
0 |
1 |
12 |
1,187 |
| 17 problemas de finanzas básicas resueltos y 307 respuestas erróneas |
0 |
0 |
0 |
294 |
0 |
0 |
5 |
1,234 |
| 201 preguntas sobre finanzas |
0 |
0 |
0 |
151 |
0 |
0 |
17 |
378 |
| 21 problemas sencillos de finanzas resueltos y 525 respuestas erróneas |
0 |
0 |
2 |
225 |
0 |
0 |
11 |
334 |
| 28 problemas sencillos de finanzas resueltos y 950 respuestas erróneas |
0 |
0 |
1 |
125 |
0 |
0 |
7 |
315 |
| 75 common and uncommon errors in company valuation |
0 |
0 |
0 |
1,029 |
0 |
0 |
14 |
1,867 |
| 80 common and uncommon errors in company valuation |
1 |
1 |
3 |
1,562 |
1 |
3 |
19 |
2,691 |
| A definition of shareholder value creation |
0 |
3 |
25 |
3,570 |
4 |
17 |
125 |
13,570 |
| A general formula for the WACC: A correction |
0 |
0 |
1 |
438 |
1 |
2 |
24 |
1,623 |
| A more realistic valuation: APV and WACC with constant book leverage ratio |
0 |
0 |
2 |
524 |
1 |
2 |
33 |
2,077 |
| Algunos swaps de tipos de interés |
0 |
0 |
0 |
33 |
0 |
0 |
10 |
118 |
| Are calculated betas good for anything? |
0 |
4 |
6 |
576 |
0 |
11 |
25 |
1,281 |
| BBVA: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
83 |
0 |
0 |
10 |
315 |
| Banco Santander: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
106 |
0 |
2 |
21 |
470 |
| Beneficio económico, EVA y creación de valor de empresas españolas (1991-1997) |
0 |
0 |
1 |
610 |
2 |
3 |
28 |
2,727 |
| Beta = 1 does a better job than calculated betas |
0 |
0 |
3 |
433 |
0 |
1 |
24 |
370 |
| Betas used by professors: A survey with 2,500 answers |
1 |
1 |
3 |
248 |
1 |
1 |
16 |
352 |
| Betas utilizadas por directivos y profesores europeos en 2009 |
0 |
0 |
1 |
70 |
0 |
0 |
10 |
163 |
| Bonos estructurados vendidos en España en los últimos años |
0 |
0 |
0 |
41 |
0 |
0 |
5 |
166 |
| Cash flow is cash and is a fact. Net income is just an opinion |
0 |
0 |
4 |
695 |
1 |
1 |
33 |
2,756 |
| Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten |
0 |
0 |
2 |
224 |
0 |
1 |
11 |
734 |
| Company valuation methods. The most common errors in valuations |
7 |
13 |
50 |
20,369 |
12 |
23 |
153 |
50,455 |
| Convertible bonds in Spain: A different security |
0 |
0 |
0 |
161 |
0 |
2 |
15 |
757 |
| Creación de valor para los accionistas de BBVA |
0 |
0 |
0 |
82 |
0 |
0 |
7 |
365 |
| Creación de valor para los accionistas de Bankinter |
0 |
0 |
0 |
89 |
0 |
0 |
9 |
525 |
| Creación de valor para los accionistas de Bankinter (1991-2006) |
0 |
0 |
0 |
40 |
0 |
0 |
8 |
250 |
| Creación de valor para los accionistas de Endesa |
0 |
0 |
0 |
76 |
0 |
0 |
11 |
628 |
| Creación de valor para los accionistas de Iberdrola |
0 |
0 |
0 |
72 |
1 |
1 |
11 |
425 |
| Creación de valor para los accionistas de Repsol |
0 |
0 |
0 |
74 |
0 |
0 |
14 |
391 |
| Creación de valor para los accionistas de Repsol. 1991-2006 |
0 |
0 |
0 |
51 |
0 |
0 |
9 |
202 |
| Creación de valor para los accionistas de Telefónica |
0 |
0 |
0 |
114 |
0 |
0 |
4 |
539 |
| Creación de valor para los accionistas de Unión Fenosa |
0 |
1 |
1 |
50 |
0 |
1 |
9 |
615 |
| Creación de valor para los accionistas de bancos españoles (1991-2006) |
0 |
0 |
0 |
82 |
0 |
0 |
6 |
220 |
| Creación de valor para los accionistas de las eléctricas españolas (1991-2006) |
0 |
0 |
0 |
52 |
1 |
1 |
9 |
155 |
| Creación de valor para los accionistas del Banco Popular |
0 |
0 |
0 |
52 |
0 |
2 |
16 |
370 |
| Creación de valor para los accionistas del Banco Santander |
0 |
0 |
0 |
98 |
1 |
1 |
13 |
626 |
| Derivados exóticos |
0 |
0 |
0 |
398 |
1 |
1 |
11 |
1,377 |
| Descensos de las cotizaciones de 154 empresas españolas. 1991-2008 |
0 |
0 |
0 |
17 |
0 |
1 |
9 |
122 |
| Descensos memorables en las cotizaciones: Telepizza y Boston Chicken |
0 |
0 |
0 |
86 |
0 |
1 |
6 |
299 |
| Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case |
0 |
1 |
6 |
2,561 |
1 |
8 |
38 |
9,183 |
| Divisas. Evolución y análisis de tipos de cambio (1980-1995) |
0 |
1 |
1 |
686 |
0 |
2 |
13 |
5,083 |
| Dos sentencias con tremendos errores sobre valoración |
0 |
0 |
0 |
103 |
0 |
1 |
10 |
415 |
| EVA, Economic profit and cash value added do NOT measure shareholder value creation |
2 |
4 |
21 |
3,720 |
6 |
24 |
123 |
12,743 |
| El peligro de utilizar betas calculadas |
0 |
0 |
0 |
172 |
0 |
0 |
14 |
568 |
| Eléctricas españolas: 1991-2007. Creación de valor y rentabilidad para los accionistas |
0 |
0 |
0 |
59 |
0 |
1 |
11 |
210 |
| Equity premium: Historical, expected, required and implied |
0 |
0 |
1 |
388 |
0 |
1 |
27 |
865 |
| Equivalence of ten different discounted cash flow valuation methods |
0 |
0 |
4 |
3,049 |
0 |
1 |
35 |
7,525 |
| Equivalence of ten different methods for valuing companies by cash flow discounting |
0 |
0 |
0 |
1,390 |
1 |
3 |
22 |
3,155 |
| Equivalence of the APV, WACC and flows to equity approaches to firm valuation |
0 |
0 |
2 |
1,622 |
2 |
3 |
27 |
5,453 |
| 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 |
1,329 |
0 |
1 |
12 |
4,590 |
| Euro Stoxx 50: 1997-2005. Shareholder value creation in Europe |
0 |
0 |
0 |
122 |
0 |
0 |
21 |
704 |
| EuroStoxx 50: 1997-2004. Shareholder value creation in Europe |
0 |
0 |
1 |
190 |
0 |
0 |
6 |
905 |
| Financial literature about discounted cash flow valuation |
0 |
0 |
1 |
1,161 |
0 |
0 |
41 |
2,519 |
| How to value a seasonal company by discounting cash flows |
0 |
0 |
0 |
600 |
0 |
1 |
13 |
1,769 |
| IBEX 35: 1991-2008. Rentabilidad y creación de valor |
0 |
0 |
0 |
85 |
1 |
1 |
15 |
512 |
| IBEX 35: 1991-2010. Rentabilidad y creación de valor |
0 |
0 |
1 |
89 |
0 |
0 |
11 |
354 |
| IBEX 35: 1992-2007 - Rentabilidad y creación de valor |
0 |
0 |
0 |
120 |
0 |
2 |
13 |
1,067 |
| Iberdrola: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
65 |
1 |
4 |
20 |
299 |
| Información privilegiada según un tribunal español |
0 |
0 |
0 |
36 |
0 |
0 |
6 |
134 |
| Initial public offerings (IPOs): The Spanish experience |
0 |
0 |
0 |
281 |
2 |
2 |
16 |
872 |
| Internet valuations: The case of Terra-Lycos |
2 |
5 |
17 |
711 |
2 |
5 |
37 |
1,243 |
| La insolvencia de Lehman Brothers en septiembre de 2008: Sobre su previsibilidad y sobre algunos "profetas a posteriori" |
0 |
0 |
0 |
56 |
0 |
1 |
10 |
158 |
| La prima de riesgo del mercado (market risk premium) |
0 |
1 |
7 |
986 |
2 |
4 |
60 |
6,258 |
| La prima de riesgo del mercado según 100 Libros |
0 |
0 |
1 |
116 |
0 |
0 |
8 |
626 |
| Las empresas españolas en 2007 (y en el periodo 1993-2007). Rentabilidad y creación de valor |
0 |
0 |
0 |
76 |
0 |
0 |
5 |
258 |
| Levered and unlevered Beta |
1 |
1 |
5 |
4,070 |
4 |
5 |
46 |
35,116 |
| Market Risk Premium Used in 82 Countries in 2012: A Survey with 7,192 Answers |
0 |
0 |
3 |
110 |
0 |
1 |
28 |
289 |
| Market risk premium used in 2008 by Professors: A survey with 1,400 answers |
0 |
0 |
1 |
167 |
0 |
1 |
16 |
458 |
| Market risk premium used in 2008: A survey of more than a 1,000 professors |
0 |
0 |
0 |
233 |
0 |
0 |
14 |
864 |
| Market risk premium used in 2010 by analysts and companies: A survey with 2.400 answers |
0 |
0 |
0 |
87 |
1 |
2 |
28 |
187 |
| Market risk premium used in 2010 by professors: A survey with 1,500 answers |
0 |
0 |
3 |
77 |
1 |
1 |
33 |
180 |
| Market risk premium used in 56 countries in 2011: A survey with 6,014 answers |
0 |
0 |
2 |
233 |
0 |
0 |
18 |
444 |
| Market risk premium: Required, historical and expected |
0 |
1 |
12 |
11,123 |
1 |
2 |
66 |
63,784 |
| Most common errors in company valuation |
0 |
0 |
2 |
743 |
1 |
1 |
10 |
1,268 |
| Métodos de valoración de empresas |
2 |
2 |
11 |
1,050 |
5 |
10 |
197 |
5,928 |
| On the instability of betas: The case of Spain |
0 |
1 |
1 |
399 |
0 |
1 |
14 |
941 |
| Optimal capital structure: Problems with the Harvard and Damodaran Approaches |
0 |
1 |
4 |
2,241 |
0 |
4 |
41 |
8,199 |
| Poor performance of mutual funds in Spain. 1991-2007 |
0 |
0 |
0 |
85 |
1 |
2 |
10 |
191 |
| Prima de Riesgo del Mercado: Histórica, Esperada, Exigida e Implícita |
0 |
0 |
0 |
144 |
0 |
0 |
14 |
522 |
| Prima de riesgo del mercado utilizada para España: Encuesta 2011 |
0 |
0 |
0 |
42 |
2 |
2 |
8 |
288 |
| Prima de riesgo del mercado utilizada: Encuesta 2008 |
0 |
0 |
0 |
62 |
0 |
0 |
5 |
340 |
| Ranking de gestoras de fondos de inversión en España. 1991-2010 |
0 |
0 |
1 |
84 |
0 |
0 |
12 |
357 |
| Ranking de gestoras de fondos de inversión en España. 1994-2009 |
0 |
0 |
0 |
117 |
0 |
2 |
8 |
606 |
| Ranking de gestoras de fondos de pensiones en España. 1990-2010 |
0 |
0 |
0 |
64 |
0 |
0 |
9 |
307 |
| Rentabilidad de los Fondos de Pensiones en España. 2001-2011 |
0 |
0 |
0 |
39 |
0 |
0 |
5 |
154 |
| Rentabilidad de los fondos de inversión de renta variable nacional en España (1991-2006) |
0 |
0 |
3 |
216 |
0 |
0 |
15 |
1,108 |
| Rentabilidad de los fondos de inversión en España. (1991-2006) |
0 |
0 |
0 |
70 |
0 |
0 |
3 |
286 |
| Rentabilidad de los fondos de inversión en España. 1991-2007 |
0 |
0 |
0 |
69 |
0 |
0 |
5 |
338 |
| Rentabilidad de los fondos de inversión en España. 1991-2008 |
0 |
0 |
0 |
50 |
0 |
1 |
8 |
201 |
| Rentabilidad de los fondos de inversión en España. 1991-2009 |
0 |
0 |
0 |
34 |
0 |
0 |
7 |
168 |
| Rentabilidad de los fondos de inversión en España. 2001-2011 |
0 |
0 |
1 |
45 |
0 |
0 |
8 |
143 |
| Rentabilidad de los fondos de pensiones en España. 1991-2007 |
0 |
0 |
0 |
159 |
0 |
0 |
14 |
663 |
| Rentabilidad de los fondos de pensiones en España. 1991-2008 |
0 |
0 |
0 |
33 |
1 |
1 |
8 |
171 |
| Rentabilidad de los fondos de pensiones en España. 2001-2011 |
0 |
0 |
0 |
9 |
4 |
5 |
13 |
68 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2008 (hasta el 17 de septiembre) |
0 |
0 |
0 |
33 |
1 |
1 |
6 |
142 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2009 |
0 |
0 |
0 |
37 |
0 |
0 |
4 |
158 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2010 |
0 |
0 |
0 |
61 |
0 |
0 |
2 |
197 |
| Rentabilidad y creación de valor de 136 empresas españolas en 2008 |
0 |
0 |
0 |
0 |
0 |
0 |
9 |
127 |
| Rentabilidad y creación de valor de 136 empresas españolas en el primer semestre de 2009 y en 2008 |
0 |
0 |
0 |
20 |
0 |
0 |
5 |
99 |
| Rentabilidad y creación de valor de las empresas españolas en 2006 (y en el periodo 1993-2006) |
0 |
0 |
0 |
67 |
1 |
1 |
10 |
475 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1992-2003 |
1 |
1 |
1 |
426 |
1 |
1 |
10 |
921 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2005 |
0 |
0 |
0 |
215 |
0 |
3 |
11 |
1,176 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2006 |
0 |
0 |
0 |
62 |
1 |
1 |
14 |
483 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del Ibex 35. 1992-2004 |
0 |
0 |
0 |
198 |
0 |
0 |
6 |
1,262 |
| Reply to "Comment on the value of tax shields is NOT equal to the present value of tax shields" |
0 |
0 |
0 |
182 |
1 |
1 |
13 |
509 |
| Reply to "The value of tax shields is equal to the present value of tax shields" |
0 |
0 |
0 |
177 |
1 |
2 |
11 |
458 |
| Shareholder value creation in Europe. Eurostoxx 50: 1997-2003 |
0 |
0 |
0 |
257 |
0 |
2 |
10 |
1,319 |
| Shareholder value creation of microsoft and GE |
0 |
0 |
1 |
935 |
2 |
2 |
16 |
3,202 |
| Shareholder value creators and shareholder value destroyers in Europe. Year 2002 |
0 |
0 |
0 |
202 |
0 |
0 |
8 |
496 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2001 |
0 |
0 |
0 |
566 |
0 |
0 |
5 |
1,458 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2002 |
0 |
0 |
1 |
388 |
0 |
0 |
11 |
1,145 |
| Shareholder value creators in the Dow Jones: Year 2008 |
0 |
1 |
1 |
80 |
1 |
10 |
21 |
189 |
| Shareholder value creators in the S&P 500: 1991-2010 |
0 |
0 |
0 |
93 |
1 |
2 |
11 |
193 |
| Shareholder value creators in the S&P 500: Year 2003 |
0 |
0 |
0 |
194 |
1 |
1 |
10 |
715 |
| Shareholder value creators in the S&P 500: Year 2004 |
0 |
0 |
0 |
181 |
0 |
2 |
12 |
803 |
| Telefónica: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
58 |
0 |
1 |
13 |
325 |
| Telefónica: 1991-2010. Creación de valor y rentabilidad |
0 |
0 |
0 |
60 |
1 |
2 |
9 |
191 |
| Ten badly explained topics in most corporate finance books |
0 |
0 |
2 |
166 |
0 |
0 |
18 |
293 |
| The correct value of tax shields: An analysis of 23 theories |
0 |
0 |
1 |
310 |
1 |
2 |
20 |
707 |
| The equity premium in 100 textbooks |
0 |
0 |
1 |
159 |
0 |
0 |
16 |
376 |
| The equity premium in 150 textbooks |
0 |
0 |
1 |
178 |
0 |
0 |
10 |
288 |
| The equity premium in finance and valuation textbooks |
0 |
0 |
1 |
113 |
0 |
2 |
15 |
297 |
| The equity premium in finance and valuation textbooks |
0 |
0 |
0 |
223 |
0 |
0 |
18 |
592 |
| The equity premium puzzle: High required equity premium, undervaluation and self fulfilling prophecy |
0 |
0 |
2 |
122 |
1 |
3 |
31 |
490 |
| The value of tax shields depends only on the net increases of debt |
0 |
0 |
0 |
148 |
0 |
1 |
14 |
383 |
| The value of tax shields is not equal to the present value of tax shields |
0 |
0 |
0 |
795 |
0 |
2 |
17 |
5,431 |
| The value of tax shields is not equal to the present value of tax shields: A correction |
0 |
0 |
0 |
236 |
0 |
1 |
10 |
551 |
| The value of tax shields with a fixed book-value leverage ratio |
0 |
0 |
0 |
180 |
0 |
0 |
11 |
669 |
| Three residual income valuation methods and discounted cash flow valuation |
5 |
9 |
30 |
4,623 |
5 |
16 |
77 |
14,886 |
| Tres sentencias con tremendos errores sobre valoración |
0 |
0 |
0 |
84 |
0 |
0 |
11 |
236 |
| US market risk premium used in 2011 by professors, analysts and companies: A survey with 5.731 answers |
0 |
0 |
0 |
162 |
1 |
2 |
14 |
213 |
| Valoración de empresas por descuento de flujos: Diez métodos y siete teorías |
2 |
2 |
3 |
544 |
4 |
5 |
31 |
1,835 |
| Valoración de marcas e intangibles |
0 |
0 |
0 |
443 |
0 |
0 |
19 |
1,920 |
| Valoración de opciones por simulación |
0 |
0 |
0 |
553 |
0 |
1 |
9 |
1,737 |
| Valoración de opciones reales: Dificultades, problemas y errores |
0 |
0 |
0 |
319 |
0 |
0 |
10 |
1,353 |
| Valuation of an Expropriated Company: the Case of YPF and Repsol in Argentina |
0 |
0 |
1 |
57 |
1 |
4 |
25 |
181 |
| Valuation of brands and intellectual capital |
0 |
1 |
5 |
2,995 |
0 |
1 |
27 |
6,326 |
| Valuation using multiples. How do analysts reach their conclusions? |
10 |
12 |
37 |
4,687 |
20 |
28 |
115 |
12,150 |
| Value of tax shields and the risk of the net increase of debt, The. Year 2004 |
0 |
0 |
0 |
232 |
0 |
0 |
11 |
755 |
| Valuing Companies by Cash Flow Discounting: Fundamental Relationships and Unnecessary Complications |
0 |
0 |
4 |
134 |
0 |
2 |
15 |
254 |
| Valuing companies by cash flow discounting: Ten methods and nine theories |
2 |
2 |
16 |
5,608 |
3 |
7 |
68 |
12,630 |
| Valuing companies with a fixed book-value leverage ratio |
0 |
0 |
0 |
311 |
1 |
2 |
20 |
1,413 |
| Valuing real options: frequently made errors |
0 |
0 |
1 |
1,389 |
0 |
1 |
16 |
2,747 |
| Volatilidades, betas y alfas de empresas españolas. Periodos 1990-1996 y 1986-1989 |
0 |
0 |
0 |
469 |
0 |
0 |
7 |
2,463 |
| WACC: Definition, misconceptions and errors |
5 |
10 |
42 |
900 |
8 |
14 |
108 |
1,552 |
| Total Working Papers |
44 |
85 |
393 |
108,074 |
130 |
324 |
3,126 |
377,043 |
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