| 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 |
1 |
3 |
4 |
396 |
| 102 errores en valoraciones de empresas |
0 |
0 |
0 |
342 |
0 |
0 |
1 |
711 |
| 110 common errors in company valuations |
0 |
4 |
35 |
1,309 |
2 |
9 |
44 |
1,929 |
| 120 errores en valoraciones de empresas |
0 |
8 |
10 |
485 |
0 |
11 |
19 |
1,081 |
| 160 preguntas sobre finanzas |
0 |
0 |
0 |
313 |
1 |
1 |
2 |
1,176 |
| 17 problemas de finanzas básicas resueltos y 307 respuestas erróneas |
0 |
0 |
0 |
294 |
1 |
1 |
1 |
1,230 |
| 201 preguntas sobre finanzas |
0 |
0 |
0 |
151 |
0 |
2 |
4 |
363 |
| 21 problemas sencillos de finanzas resueltos y 525 respuestas erróneas |
1 |
2 |
2 |
225 |
2 |
3 |
5 |
326 |
| 28 problemas sencillos de finanzas resueltos y 950 respuestas erróneas |
0 |
1 |
2 |
125 |
0 |
1 |
6 |
309 |
| 75 common and uncommon errors in company valuation |
0 |
0 |
1 |
1,029 |
2 |
2 |
3 |
1,855 |
| 80 common and uncommon errors in company valuation |
0 |
0 |
2 |
1,559 |
0 |
0 |
7 |
2,672 |
| A definition of shareholder value creation |
2 |
8 |
64 |
3,551 |
10 |
34 |
203 |
13,466 |
| A general formula for the WACC: A correction |
0 |
0 |
0 |
437 |
0 |
2 |
3 |
1,601 |
| A more realistic valuation: APV and WACC with constant book leverage ratio |
0 |
0 |
2 |
522 |
0 |
3 |
8 |
2,047 |
| Algunos swaps de tipos de interés |
0 |
0 |
0 |
33 |
0 |
2 |
3 |
110 |
| Are calculated betas good for anything? |
0 |
0 |
1 |
570 |
0 |
0 |
3 |
1,256 |
| BBVA: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
1 |
83 |
1 |
5 |
8 |
310 |
| Banco Santander: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
106 |
1 |
2 |
4 |
451 |
| Beneficio económico, EVA y creación de valor de empresas españolas (1991-1997) |
1 |
5 |
13 |
610 |
3 |
10 |
29 |
2,702 |
| Beta = 1 does a better job than calculated betas |
1 |
1 |
1 |
431 |
4 |
11 |
13 |
354 |
| Betas used by professors: A survey with 2,500 answers |
0 |
0 |
0 |
245 |
0 |
1 |
2 |
337 |
| Betas utilizadas por directivos y profesores europeos en 2009 |
1 |
1 |
2 |
70 |
2 |
5 |
8 |
158 |
| Bonos estructurados vendidos en España en los últimos años |
0 |
0 |
0 |
41 |
1 |
2 |
4 |
163 |
| Cash flow is cash and is a fact. Net income is just an opinion |
0 |
1 |
2 |
692 |
2 |
6 |
14 |
2,728 |
| Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten |
0 |
0 |
3 |
222 |
0 |
0 |
4 |
723 |
| Company valuation methods. The most common errors in valuations |
3 |
16 |
69 |
20,328 |
14 |
47 |
162 |
50,332 |
| Convertible bonds in Spain: A different security |
0 |
0 |
1 |
161 |
0 |
0 |
1 |
742 |
| Creación de valor para los accionistas de BBVA |
0 |
0 |
1 |
82 |
0 |
0 |
3 |
358 |
| Creación de valor para los accionistas de Bankinter |
0 |
0 |
0 |
89 |
0 |
1 |
2 |
517 |
| Creación de valor para los accionistas de Bankinter (1991-2006) |
0 |
0 |
1 |
40 |
2 |
2 |
3 |
244 |
| Creación de valor para los accionistas de Endesa |
0 |
0 |
0 |
76 |
0 |
1 |
1 |
618 |
| Creación de valor para los accionistas de Iberdrola |
0 |
0 |
0 |
72 |
0 |
0 |
0 |
414 |
| Creación de valor para los accionistas de Repsol |
0 |
0 |
0 |
74 |
0 |
1 |
1 |
377 |
| Creación de valor para los accionistas de Repsol. 1991-2006 |
0 |
0 |
0 |
51 |
1 |
2 |
2 |
194 |
| Creación de valor para los accionistas de Telefónica |
0 |
0 |
0 |
114 |
0 |
0 |
2 |
535 |
| Creación de valor para los accionistas de Unión Fenosa |
0 |
0 |
0 |
49 |
0 |
0 |
2 |
606 |
| Creación de valor para los accionistas de bancos españoles (1991-2006) |
0 |
0 |
1 |
82 |
0 |
0 |
2 |
214 |
| Creación de valor para los accionistas de las eléctricas españolas (1991-2006) |
0 |
0 |
0 |
52 |
0 |
1 |
2 |
147 |
| Creación de valor para los accionistas del Banco Popular |
0 |
0 |
0 |
52 |
1 |
3 |
3 |
356 |
| Creación de valor para los accionistas del Banco Santander |
0 |
0 |
1 |
98 |
1 |
1 |
3 |
614 |
| Derivados exóticos |
0 |
0 |
0 |
398 |
2 |
3 |
6 |
1,369 |
| Descensos de las cotizaciones de 154 empresas españolas. 1991-2008 |
0 |
0 |
0 |
17 |
1 |
2 |
2 |
115 |
| Descensos memorables en las cotizaciones: Telepizza y Boston Chicken |
0 |
0 |
0 |
86 |
0 |
2 |
4 |
294 |
| Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case |
1 |
3 |
5 |
2,558 |
4 |
10 |
16 |
9,152 |
| Divisas. Evolución y análisis de tipos de cambio (1980-1995) |
0 |
0 |
0 |
685 |
3 |
3 |
7 |
5,073 |
| Dos sentencias con tremendos errores sobre valoración |
0 |
0 |
0 |
103 |
0 |
1 |
1 |
406 |
| EVA, Economic profit and cash value added do NOT measure shareholder value creation |
2 |
4 |
14 |
3,701 |
11 |
24 |
50 |
12,639 |
| El peligro de utilizar betas calculadas |
0 |
0 |
1 |
172 |
2 |
4 |
8 |
557 |
| Eléctricas españolas: 1991-2007. Creación de valor y rentabilidad para los accionistas |
0 |
0 |
0 |
59 |
2 |
3 |
3 |
202 |
| Equity premium: Historical, expected, required and implied |
0 |
1 |
3 |
388 |
1 |
3 |
11 |
841 |
| Equivalence of ten different discounted cash flow valuation methods |
2 |
2 |
14 |
3,047 |
3 |
5 |
27 |
7,494 |
| Equivalence of ten different methods for valuing companies by cash flow discounting |
0 |
1 |
3 |
1,390 |
1 |
4 |
9 |
3,136 |
| Equivalence of the APV, WACC and flows to equity approaches to firm valuation |
1 |
1 |
3 |
1,621 |
3 |
6 |
13 |
5,431 |
| 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 |
0 |
1,328 |
1 |
1 |
5 |
4,579 |
| Euro Stoxx 50: 1997-2005. Shareholder value creation in Europe |
0 |
0 |
0 |
122 |
4 |
7 |
9 |
688 |
| EuroStoxx 50: 1997-2004. Shareholder value creation in Europe |
0 |
0 |
0 |
189 |
1 |
3 |
4 |
902 |
| Financial literature about discounted cash flow valuation |
0 |
0 |
4 |
1,160 |
5 |
7 |
16 |
2,484 |
| How to value a seasonal company by discounting cash flows |
0 |
0 |
1 |
600 |
1 |
2 |
4 |
1,758 |
| IBEX 35: 1991-2008. Rentabilidad y creación de valor |
0 |
0 |
0 |
85 |
1 |
3 |
4 |
500 |
| IBEX 35: 1991-2010. Rentabilidad y creación de valor |
0 |
0 |
0 |
88 |
1 |
4 |
4 |
346 |
| IBEX 35: 1992-2007 - Rentabilidad y creación de valor |
0 |
0 |
0 |
120 |
1 |
1 |
1 |
1,055 |
| Iberdrola: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
65 |
2 |
3 |
4 |
282 |
| Información privilegiada según un tribunal español |
0 |
0 |
0 |
36 |
1 |
1 |
1 |
129 |
| Initial public offerings (IPOs): The Spanish experience |
0 |
0 |
2 |
281 |
2 |
3 |
7 |
859 |
| Internet valuations: The case of Terra-Lycos |
1 |
3 |
23 |
696 |
2 |
4 |
28 |
1,209 |
| La insolvencia de Lehman Brothers en septiembre de 2008: Sobre su previsibilidad y sobre algunos "profetas a posteriori" |
0 |
0 |
0 |
56 |
0 |
1 |
5 |
148 |
| La prima de riesgo del mercado (market risk premium) |
1 |
2 |
11 |
980 |
6 |
11 |
56 |
6,207 |
| La prima de riesgo del mercado según 100 Libros |
1 |
1 |
2 |
116 |
1 |
1 |
2 |
619 |
| Las empresas españolas en 2007 (y en el periodo 1993-2007). Rentabilidad y creación de valor |
0 |
0 |
0 |
76 |
0 |
0 |
1 |
253 |
| Levered and unlevered Beta |
0 |
0 |
2 |
4,065 |
3 |
3 |
14 |
35,073 |
| Market Risk Premium Used in 82 Countries in 2012: A Survey with 7,192 Answers |
0 |
1 |
3 |
108 |
0 |
1 |
6 |
262 |
| Market risk premium used in 2008 by Professors: A survey with 1,400 answers |
0 |
0 |
2 |
166 |
1 |
1 |
4 |
443 |
| Market risk premium used in 2008: A survey of more than a 1,000 professors |
0 |
0 |
0 |
233 |
2 |
5 |
13 |
854 |
| Market risk premium used in 2010 by analysts and companies: A survey with 2.400 answers |
0 |
0 |
0 |
87 |
0 |
13 |
16 |
171 |
| Market risk premium used in 2010 by professors: A survey with 1,500 answers |
0 |
2 |
2 |
76 |
1 |
16 |
20 |
162 |
| Market risk premium used in 56 countries in 2011: A survey with 6,014 answers |
0 |
1 |
1 |
231 |
1 |
2 |
3 |
427 |
| Market risk premium: Required, historical and expected |
1 |
1 |
11 |
11,112 |
4 |
8 |
41 |
63,725 |
| Most common errors in company valuation |
1 |
1 |
2 |
742 |
1 |
2 |
4 |
1,260 |
| Métodos de valoración de empresas |
0 |
1 |
12 |
1,040 |
5 |
11 |
30 |
5,740 |
| On the instability of betas: The case of Spain |
0 |
0 |
1 |
398 |
3 |
5 |
8 |
932 |
| Optimal capital structure: Problems with the Harvard and Damodaran Approaches |
0 |
1 |
6 |
2,238 |
3 |
6 |
30 |
8,163 |
| Poor performance of mutual funds in Spain. 1991-2007 |
0 |
0 |
0 |
85 |
0 |
3 |
4 |
184 |
| Prima de Riesgo del Mercado: Histórica, Esperada, Exigida e Implícita |
0 |
0 |
0 |
144 |
0 |
2 |
3 |
509 |
| Prima de riesgo del mercado utilizada para España: Encuesta 2011 |
0 |
0 |
0 |
42 |
0 |
1 |
1 |
281 |
| 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 |
0 |
83 |
0 |
1 |
4 |
345 |
| Ranking de gestoras de fondos de inversión en España. 1994-2009 |
0 |
0 |
1 |
117 |
1 |
2 |
6 |
599 |
| Ranking de gestoras de fondos de pensiones en España. 1990-2010 |
0 |
0 |
0 |
64 |
1 |
3 |
6 |
300 |
| Rentabilidad de los Fondos de Pensiones en España. 2001-2011 |
0 |
0 |
0 |
39 |
1 |
1 |
4 |
150 |
| Rentabilidad de los fondos de inversión de renta variable nacional en España (1991-2006) |
2 |
2 |
9 |
215 |
5 |
5 |
31 |
1,098 |
| Rentabilidad de los fondos de inversión en España. (1991-2006) |
0 |
0 |
1 |
70 |
0 |
1 |
2 |
284 |
| Rentabilidad de los fondos de inversión en España. 1991-2007 |
0 |
0 |
0 |
69 |
1 |
1 |
1 |
334 |
| Rentabilidad de los fondos de inversión en España. 1991-2008 |
0 |
0 |
0 |
50 |
0 |
1 |
1 |
194 |
| Rentabilidad de los fondos de inversión en España. 1991-2009 |
0 |
0 |
1 |
34 |
0 |
1 |
3 |
162 |
| Rentabilidad de los fondos de inversión en España. 2001-2011 |
0 |
0 |
0 |
44 |
0 |
0 |
1 |
135 |
| Rentabilidad de los fondos de pensiones en España. 1991-2007 |
0 |
0 |
0 |
159 |
0 |
1 |
1 |
650 |
| Rentabilidad de los fondos de pensiones en España. 1991-2008 |
0 |
0 |
0 |
33 |
0 |
0 |
1 |
163 |
| Rentabilidad de los fondos de pensiones en España. 2001-2011 |
0 |
0 |
0 |
9 |
0 |
0 |
1 |
55 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2008 (hasta el 17 de septiembre) |
0 |
0 |
0 |
33 |
0 |
1 |
1 |
137 |
| 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 |
1 |
61 |
0 |
1 |
4 |
196 |
| Rentabilidad y creación de valor de 136 empresas españolas en 2008 |
0 |
0 |
0 |
0 |
2 |
2 |
2 |
120 |
| Rentabilidad y creación de valor de 136 empresas españolas en el primer semestre de 2009 y en 2008 |
0 |
0 |
0 |
20 |
0 |
0 |
1 |
94 |
| Rentabilidad y creación de valor de las empresas españolas en 2006 (y en el periodo 1993-2006) |
0 |
0 |
1 |
67 |
1 |
1 |
2 |
466 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1992-2003 |
0 |
0 |
0 |
425 |
1 |
1 |
2 |
912 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2005 |
0 |
0 |
0 |
215 |
0 |
2 |
3 |
1,166 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2006 |
0 |
0 |
0 |
62 |
0 |
0 |
0 |
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 |
1 |
182 |
0 |
1 |
2 |
497 |
| Reply to "The value of tax shields is equal to the present value of tax shields" |
0 |
0 |
0 |
177 |
1 |
1 |
1 |
448 |
| 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 |
0 |
2 |
934 |
1 |
10 |
14 |
3,187 |
| Shareholder value creators and shareholder value destroyers in Europe. Year 2002 |
0 |
0 |
2 |
202 |
1 |
2 |
5 |
490 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2001 |
0 |
0 |
0 |
566 |
0 |
1 |
2 |
1,454 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2002 |
0 |
1 |
1 |
388 |
1 |
3 |
4 |
1,137 |
| Shareholder value creators in the Dow Jones: Year 2008 |
0 |
0 |
0 |
79 |
2 |
3 |
5 |
170 |
| Shareholder value creators in the S&P 500: 1991-2010 |
0 |
0 |
0 |
93 |
0 |
0 |
1 |
182 |
| Shareholder value creators in the S&P 500: Year 2003 |
0 |
0 |
0 |
194 |
1 |
1 |
2 |
706 |
| Shareholder value creators in the S&P 500: Year 2004 |
0 |
0 |
0 |
181 |
1 |
1 |
6 |
792 |
| Telefónica: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
58 |
0 |
1 |
2 |
313 |
| Telefónica: 1991-2010. Creación de valor y rentabilidad |
0 |
0 |
0 |
60 |
0 |
0 |
1 |
182 |
| Ten badly explained topics in most corporate finance books |
0 |
0 |
1 |
164 |
1 |
2 |
5 |
277 |
| The correct value of tax shields: An analysis of 23 theories |
0 |
0 |
1 |
309 |
1 |
3 |
10 |
690 |
| The equity premium in 100 textbooks |
0 |
0 |
0 |
158 |
1 |
1 |
2 |
361 |
| The equity premium in 150 textbooks |
0 |
0 |
1 |
177 |
0 |
0 |
3 |
278 |
| The equity premium in finance and valuation textbooks |
0 |
0 |
0 |
112 |
0 |
1 |
4 |
283 |
| The equity premium in finance and valuation textbooks |
0 |
0 |
0 |
223 |
2 |
2 |
3 |
576 |
| The equity premium puzzle: High required equity premium, undervaluation and self fulfilling prophecy |
1 |
2 |
3 |
122 |
3 |
7 |
13 |
466 |
| The value of tax shields depends only on the net increases of debt |
0 |
0 |
0 |
148 |
0 |
1 |
2 |
370 |
| The value of tax shields is not equal to the present value of tax shields |
0 |
0 |
1 |
795 |
2 |
3 |
8 |
5,416 |
| The value of tax shields is not equal to the present value of tax shields: A correction |
0 |
0 |
0 |
236 |
1 |
1 |
5 |
542 |
| The value of tax shields with a fixed book-value leverage ratio |
0 |
0 |
1 |
180 |
1 |
3 |
4 |
661 |
| Three residual income valuation methods and discounted cash flow valuation |
2 |
6 |
40 |
4,597 |
8 |
18 |
57 |
14,824 |
| Tres sentencias con tremendos errores sobre valoración |
0 |
0 |
0 |
84 |
0 |
2 |
2 |
226 |
| US market risk premium used in 2011 by professors, analysts and companies: A survey with 5.731 answers |
0 |
0 |
0 |
162 |
2 |
3 |
10 |
202 |
| Valoración de empresas por descuento de flujos: Diez métodos y siete teorías |
0 |
0 |
6 |
541 |
5 |
6 |
22 |
1,810 |
| Valoración de marcas e intangibles |
0 |
0 |
1 |
443 |
2 |
3 |
5 |
1,904 |
| Valoración de opciones por simulación |
0 |
0 |
0 |
553 |
2 |
4 |
4 |
1,732 |
| Valoración de opciones reales: Dificultades, problemas y errores |
0 |
0 |
0 |
319 |
1 |
2 |
2 |
1,345 |
| Valuation of an Expropriated Company: the Case of YPF and Repsol in Argentina |
0 |
1 |
28 |
57 |
1 |
2 |
39 |
158 |
| Valuation of brands and intellectual capital |
0 |
3 |
6 |
2,993 |
2 |
7 |
16 |
6,305 |
| Valuation using multiples. How do analysts reach their conclusions? |
5 |
33 |
71 |
4,659 |
14 |
64 |
138 |
12,060 |
| Value of tax shields and the risk of the net increase of debt, The. Year 2004 |
0 |
0 |
0 |
232 |
1 |
1 |
1 |
745 |
| Valuing Companies by Cash Flow Discounting: Fundamental Relationships and Unnecessary Complications |
0 |
1 |
1 |
131 |
1 |
4 |
8 |
242 |
| Valuing companies by cash flow discounting: Ten methods and nine theories |
4 |
6 |
7 |
5,597 |
10 |
16 |
23 |
12,576 |
| Valuing companies with a fixed book-value leverage ratio |
0 |
0 |
0 |
311 |
0 |
0 |
3 |
1,393 |
| Valuing real options: frequently made errors |
0 |
0 |
0 |
1,388 |
1 |
2 |
6 |
2,733 |
| Volatilidades, betas y alfas de empresas españolas. Periodos 1990-1996 y 1986-1989 |
0 |
0 |
0 |
469 |
0 |
0 |
3 |
2,456 |
| WACC: Definition, misconceptions and errors |
2 |
13 |
53 |
866 |
10 |
31 |
86 |
1,469 |
| Total Working Papers |
36 |
141 |
584 |
107,762 |
231 |
614 |
1,702 |
374,376 |
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