| 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 |
3 |
4 |
12 |
404 |
| 102 errores en valoraciones de empresas |
0 |
0 |
0 |
342 |
1 |
1 |
4 |
715 |
| 110 common errors in company valuations |
1 |
6 |
26 |
1,317 |
2 |
9 |
46 |
1,949 |
| 120 errores en valoraciones de empresas |
0 |
1 |
9 |
486 |
2 |
5 |
25 |
1,091 |
| 160 preguntas sobre finanzas |
0 |
0 |
0 |
313 |
3 |
4 |
12 |
1,186 |
| 17 problemas de finanzas básicas resueltos y 307 respuestas erróneas |
0 |
0 |
0 |
294 |
1 |
2 |
5 |
1,234 |
| 201 preguntas sobre finanzas |
0 |
0 |
0 |
151 |
1 |
4 |
16 |
376 |
| 21 problemas sencillos de finanzas resueltos y 525 respuestas erróneas |
0 |
0 |
2 |
225 |
3 |
4 |
11 |
334 |
| 28 problemas sencillos de finanzas resueltos y 950 respuestas erróneas |
0 |
0 |
2 |
125 |
1 |
2 |
9 |
314 |
| 75 common and uncommon errors in company valuation |
0 |
0 |
0 |
1,029 |
3 |
3 |
12 |
1,865 |
| 80 common and uncommon errors in company valuation |
1 |
2 |
3 |
1,561 |
4 |
5 |
19 |
2,687 |
| A definition of shareholder value creation |
4 |
7 |
40 |
3,563 |
12 |
38 |
150 |
13,530 |
| A general formula for the WACC: A correction |
0 |
0 |
1 |
438 |
3 |
13 |
21 |
1,620 |
| A more realistic valuation: APV and WACC with constant book leverage ratio |
0 |
1 |
2 |
523 |
6 |
14 |
29 |
2,071 |
| Algunos swaps de tipos de interés |
0 |
0 |
0 |
33 |
2 |
3 |
11 |
118 |
| Are calculated betas good for anything? |
1 |
1 |
2 |
571 |
5 |
7 |
14 |
1,269 |
| BBVA: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
1 |
83 |
1 |
2 |
11 |
313 |
| Banco Santander: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
106 |
2 |
10 |
15 |
463 |
| Beneficio económico, EVA y creación de valor de empresas españolas (1991-1997) |
0 |
0 |
9 |
610 |
3 |
10 |
41 |
2,719 |
| Beta = 1 does a better job than calculated betas |
0 |
0 |
1 |
431 |
2 |
4 |
25 |
366 |
| Betas used by professors: A survey with 2,500 answers |
0 |
0 |
1 |
246 |
1 |
2 |
12 |
347 |
| Betas utilizadas por directivos y profesores europeos en 2009 |
0 |
0 |
2 |
70 |
2 |
3 |
12 |
163 |
| Bonos estructurados vendidos en España en los últimos años |
0 |
0 |
0 |
41 |
1 |
1 |
6 |
166 |
| Cash flow is cash and is a fact. Net income is just an opinion |
1 |
1 |
3 |
694 |
8 |
15 |
38 |
2,753 |
| Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten |
0 |
0 |
1 |
222 |
2 |
4 |
11 |
731 |
| Company valuation methods. The most common errors in valuations |
6 |
17 |
63 |
20,352 |
23 |
51 |
187 |
50,414 |
| Convertible bonds in Spain: A different security |
0 |
0 |
1 |
161 |
5 |
8 |
14 |
755 |
| Creación de valor para los accionistas de BBVA |
0 |
0 |
1 |
82 |
4 |
4 |
7 |
364 |
| Creación de valor para los accionistas de Bankinter |
0 |
0 |
0 |
89 |
2 |
5 |
9 |
524 |
| Creación de valor para los accionistas de Bankinter (1991-2006) |
0 |
0 |
1 |
40 |
2 |
2 |
8 |
249 |
| Creación de valor para los accionistas de Endesa |
0 |
0 |
0 |
76 |
2 |
5 |
11 |
628 |
| Creación de valor para los accionistas de Iberdrola |
0 |
0 |
0 |
72 |
1 |
5 |
8 |
422 |
| Creación de valor para los accionistas de Repsol |
0 |
0 |
0 |
74 |
2 |
3 |
9 |
385 |
| Creación de valor para los accionistas de Repsol. 1991-2006 |
0 |
0 |
0 |
51 |
1 |
4 |
10 |
202 |
| Creación de valor para los accionistas de Telefónica |
0 |
0 |
0 |
114 |
1 |
2 |
5 |
539 |
| Creación de valor para los accionistas de Unión Fenosa |
0 |
0 |
0 |
49 |
1 |
3 |
7 |
612 |
| Creación de valor para los accionistas de bancos españoles (1991-2006) |
0 |
0 |
1 |
82 |
1 |
3 |
7 |
220 |
| Creación de valor para los accionistas de las eléctricas españolas (1991-2006) |
0 |
0 |
0 |
52 |
1 |
2 |
8 |
153 |
| Creación de valor para los accionistas del Banco Popular |
0 |
0 |
0 |
52 |
1 |
3 |
13 |
366 |
| Creación de valor para los accionistas del Banco Santander |
0 |
0 |
1 |
98 |
1 |
3 |
10 |
621 |
| Derivados exóticos |
0 |
0 |
0 |
398 |
4 |
6 |
11 |
1,376 |
| Descensos de las cotizaciones de 154 empresas españolas. 1991-2008 |
0 |
0 |
0 |
17 |
1 |
2 |
8 |
121 |
| Descensos memorables en las cotizaciones: Telepizza y Boston Chicken |
0 |
0 |
0 |
86 |
1 |
1 |
5 |
297 |
| Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case |
0 |
1 |
6 |
2,560 |
4 |
13 |
34 |
9,174 |
| Divisas. Evolución y análisis de tipos de cambio (1980-1995) |
0 |
0 |
0 |
685 |
3 |
6 |
9 |
5,079 |
| Dos sentencias con tremendos errores sobre valoración |
0 |
0 |
0 |
103 |
2 |
3 |
9 |
414 |
| EVA, Economic profit and cash value added do NOT measure shareholder value creation |
2 |
7 |
20 |
3,712 |
12 |
32 |
90 |
12,690 |
| El peligro de utilizar betas calculadas |
0 |
0 |
0 |
172 |
2 |
5 |
15 |
567 |
| Eléctricas españolas: 1991-2007. Creación de valor y rentabilidad para los accionistas |
0 |
0 |
0 |
59 |
1 |
3 |
9 |
208 |
| Equity premium: Historical, expected, required and implied |
0 |
0 |
1 |
388 |
7 |
13 |
28 |
863 |
| Equivalence of ten different discounted cash flow valuation methods |
0 |
0 |
7 |
3,049 |
7 |
15 |
40 |
7,521 |
| Equivalence of ten different methods for valuing companies by cash flow discounting |
0 |
0 |
3 |
1,390 |
4 |
9 |
22 |
3,150 |
| Equivalence of the APV, WACC and flows to equity approaches to firm valuation |
0 |
0 |
3 |
1,622 |
3 |
11 |
26 |
5,448 |
| 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 |
1 |
1 |
1,329 |
1 |
5 |
14 |
4,589 |
| Euro Stoxx 50: 1997-2005. Shareholder value creation in Europe |
0 |
0 |
0 |
122 |
0 |
3 |
20 |
699 |
| EuroStoxx 50: 1997-2004. Shareholder value creation in Europe |
0 |
0 |
1 |
190 |
0 |
0 |
5 |
904 |
| Financial literature about discounted cash flow valuation |
0 |
0 |
4 |
1,161 |
2 |
9 |
42 |
2,515 |
| How to value a seasonal company by discounting cash flows |
0 |
0 |
1 |
600 |
1 |
1 |
11 |
1,765 |
| IBEX 35: 1991-2008. Rentabilidad y creación de valor |
0 |
0 |
0 |
85 |
1 |
4 |
13 |
510 |
| IBEX 35: 1991-2010. Rentabilidad y creación de valor |
0 |
0 |
0 |
88 |
3 |
5 |
11 |
353 |
| IBEX 35: 1992-2007 - Rentabilidad y creación de valor |
0 |
0 |
0 |
120 |
1 |
4 |
10 |
1,064 |
| Iberdrola: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
65 |
3 |
7 |
14 |
292 |
| Información privilegiada según un tribunal español |
0 |
0 |
0 |
36 |
2 |
2 |
6 |
134 |
| Initial public offerings (IPOs): The Spanish experience |
0 |
0 |
2 |
281 |
1 |
2 |
16 |
868 |
| Internet valuations: The case of Terra-Lycos |
1 |
5 |
20 |
705 |
5 |
15 |
41 |
1,235 |
| La insolvencia de Lehman Brothers en septiembre de 2008: Sobre su previsibilidad y sobre algunos "profetas a posteriori" |
0 |
0 |
0 |
56 |
0 |
1 |
8 |
154 |
| La prima de riesgo del mercado (market risk premium) |
2 |
2 |
11 |
983 |
6 |
11 |
60 |
6,241 |
| La prima de riesgo del mercado según 100 Libros |
0 |
0 |
1 |
116 |
2 |
2 |
7 |
625 |
| Las empresas españolas en 2007 (y en el periodo 1993-2007). Rentabilidad y creación de valor |
0 |
0 |
0 |
76 |
1 |
1 |
6 |
258 |
| Levered and unlevered Beta |
0 |
2 |
5 |
4,069 |
12 |
23 |
44 |
35,107 |
| Market Risk Premium Used in 82 Countries in 2012: A Survey with 7,192 Answers |
0 |
1 |
4 |
110 |
2 |
18 |
29 |
288 |
| Market risk premium used in 2008 by Professors: A survey with 1,400 answers |
1 |
1 |
3 |
167 |
8 |
10 |
18 |
457 |
| Market risk premium used in 2008: A survey of more than a 1,000 professors |
0 |
0 |
0 |
233 |
2 |
3 |
19 |
864 |
| Market risk premium used in 2010 by analysts and companies: A survey with 2.400 answers |
0 |
0 |
0 |
87 |
4 |
7 |
29 |
184 |
| Market risk premium used in 2010 by professors: A survey with 1,500 answers |
0 |
1 |
3 |
77 |
4 |
8 |
35 |
178 |
| Market risk premium used in 56 countries in 2011: A survey with 6,014 answers |
0 |
1 |
3 |
233 |
3 |
7 |
18 |
443 |
| Market risk premium: Required, historical and expected |
0 |
3 |
12 |
11,119 |
8 |
26 |
66 |
63,772 |
| Most common errors in company valuation |
1 |
1 |
2 |
743 |
1 |
1 |
8 |
1,266 |
| Métodos de valoración de empresas |
0 |
4 |
11 |
1,046 |
7 |
15 |
51 |
5,770 |
| On the instability of betas: The case of Spain |
0 |
0 |
1 |
398 |
1 |
2 |
15 |
940 |
| Optimal capital structure: Problems with the Harvard and Damodaran Approaches |
0 |
1 |
7 |
2,240 |
11 |
21 |
49 |
8,193 |
| Poor performance of mutual funds in Spain. 1991-2007 |
0 |
0 |
0 |
85 |
1 |
1 |
8 |
189 |
| Prima de Riesgo del Mercado: Histórica, Esperada, Exigida e Implícita |
0 |
0 |
0 |
144 |
4 |
6 |
15 |
521 |
| Prima de riesgo del mercado utilizada para España: Encuesta 2011 |
0 |
0 |
0 |
42 |
1 |
4 |
6 |
286 |
| Prima de riesgo del mercado utilizada: Encuesta 2008 |
0 |
0 |
0 |
62 |
1 |
2 |
4 |
339 |
| Ranking de gestoras de fondos de inversión en España. 1991-2010 |
0 |
1 |
1 |
84 |
4 |
5 |
11 |
354 |
| Ranking de gestoras de fondos de inversión en España. 1994-2009 |
0 |
0 |
1 |
117 |
2 |
3 |
8 |
603 |
| Ranking de gestoras de fondos de pensiones en España. 1990-2010 |
0 |
0 |
0 |
64 |
1 |
2 |
9 |
304 |
| Rentabilidad de los Fondos de Pensiones en España. 2001-2011 |
0 |
0 |
0 |
39 |
1 |
2 |
6 |
153 |
| Rentabilidad de los fondos de inversión de renta variable nacional en España (1991-2006) |
0 |
1 |
4 |
216 |
1 |
5 |
25 |
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 |
1 |
4 |
337 |
| Rentabilidad de los fondos de inversión en España. 1991-2008 |
0 |
0 |
0 |
50 |
0 |
2 |
7 |
200 |
| Rentabilidad de los fondos de inversión en España. 1991-2009 |
0 |
0 |
0 |
34 |
0 |
1 |
7 |
167 |
| Rentabilidad de los fondos de inversión en España. 2001-2011 |
0 |
1 |
1 |
45 |
3 |
4 |
8 |
142 |
| Rentabilidad de los fondos de pensiones en España. 1991-2007 |
0 |
0 |
0 |
159 |
1 |
6 |
14 |
663 |
| Rentabilidad de los fondos de pensiones en España. 1991-2008 |
0 |
0 |
0 |
33 |
1 |
5 |
6 |
169 |
| Rentabilidad de los fondos de pensiones en España. 2001-2011 |
0 |
0 |
0 |
9 |
2 |
3 |
8 |
63 |
| Rentabilidad y creación de valor de 125 empresas españolas en 2008 (hasta el 17 de septiembre) |
0 |
0 |
0 |
33 |
0 |
1 |
5 |
141 |
| 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 |
1 |
61 |
1 |
1 |
4 |
197 |
| Rentabilidad y creación de valor de 136 empresas españolas en 2008 |
0 |
0 |
0 |
0 |
2 |
2 |
6 |
124 |
| Rentabilidad y creación de valor de 136 empresas españolas en el primer semestre de 2009 y en 2008 |
0 |
0 |
0 |
20 |
0 |
2 |
5 |
98 |
| Rentabilidad y creación de valor de las empresas españolas en 2006 (y en el periodo 1993-2006) |
0 |
0 |
1 |
67 |
2 |
4 |
9 |
473 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1992-2003 |
0 |
0 |
0 |
425 |
4 |
4 |
8 |
919 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2005 |
0 |
0 |
0 |
215 |
2 |
4 |
9 |
1,173 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2006 |
0 |
0 |
0 |
62 |
4 |
6 |
12 |
481 |
| Rentabilidad y creación de valor para los accionistas de las empresas españolas y del Ibex 35. 1992-2004 |
0 |
0 |
0 |
198 |
1 |
2 |
5 |
1,261 |
| Reply to "Comment on the value of tax shields is NOT equal to the present value of tax shields" |
0 |
0 |
0 |
182 |
2 |
4 |
9 |
505 |
| Reply to "The value of tax shields is equal to the present value of tax shields" |
0 |
0 |
0 |
177 |
1 |
5 |
9 |
456 |
| Shareholder value creation in Europe. Eurostoxx 50: 1997-2003 |
0 |
0 |
0 |
257 |
0 |
2 |
8 |
1,317 |
| Shareholder value creation of microsoft and GE |
0 |
1 |
2 |
935 |
2 |
9 |
25 |
3,200 |
| Shareholder value creators and shareholder value destroyers in Europe. Year 2002 |
0 |
0 |
1 |
202 |
1 |
2 |
9 |
496 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2001 |
0 |
0 |
0 |
566 |
2 |
2 |
4 |
1,457 |
| Shareholder value creators and shareholder value destroyers in USA. Year 2002 |
0 |
0 |
1 |
388 |
0 |
3 |
10 |
1,144 |
| Shareholder value creators in the Dow Jones: Year 2008 |
0 |
0 |
0 |
79 |
2 |
5 |
13 |
178 |
| Shareholder value creators in the S&P 500: 1991-2010 |
0 |
0 |
0 |
93 |
4 |
5 |
9 |
190 |
| Shareholder value creators in the S&P 500: Year 2003 |
0 |
0 |
0 |
194 |
3 |
5 |
9 |
714 |
| Shareholder value creators in the S&P 500: Year 2004 |
0 |
0 |
0 |
181 |
3 |
6 |
10 |
799 |
| Telefónica: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
58 |
4 |
8 |
13 |
324 |
| Telefónica: 1991-2010. Creación de valor y rentabilidad |
0 |
0 |
0 |
60 |
2 |
4 |
5 |
187 |
| Ten badly explained topics in most corporate finance books |
1 |
1 |
3 |
166 |
3 |
11 |
21 |
293 |
| The correct value of tax shields: An analysis of 23 theories |
0 |
1 |
2 |
310 |
4 |
6 |
20 |
704 |
| The equity premium in 100 textbooks |
0 |
0 |
1 |
159 |
2 |
3 |
16 |
376 |
| The equity premium in 150 textbooks |
0 |
0 |
1 |
177 |
1 |
5 |
10 |
287 |
| The equity premium in finance and valuation textbooks |
0 |
1 |
1 |
113 |
4 |
9 |
13 |
294 |
| The equity premium in finance and valuation textbooks |
0 |
0 |
0 |
223 |
4 |
7 |
18 |
591 |
| The equity premium puzzle: High required equity premium, undervaluation and self fulfilling prophecy |
0 |
0 |
2 |
122 |
7 |
12 |
30 |
487 |
| The value of tax shields depends only on the net increases of debt |
0 |
0 |
0 |
148 |
3 |
8 |
13 |
381 |
| The value of tax shields is not equal to the present value of tax shields |
0 |
0 |
0 |
795 |
2 |
5 |
15 |
5,427 |
| The value of tax shields is not equal to the present value of tax shields: A correction |
0 |
0 |
0 |
236 |
2 |
4 |
8 |
547 |
| The value of tax shields with a fixed book-value leverage ratio |
0 |
0 |
1 |
180 |
1 |
2 |
10 |
667 |
| Three residual income valuation methods and discounted cash flow valuation |
2 |
8 |
31 |
4,609 |
8 |
20 |
69 |
14,858 |
| Tres sentencias con tremendos errores sobre valoración |
0 |
0 |
0 |
84 |
1 |
3 |
11 |
235 |
| US market risk premium used in 2011 by professors, analysts and companies: A survey with 5.731 answers |
0 |
0 |
0 |
162 |
2 |
5 |
16 |
211 |
| Valoración de empresas por descuento de flujos: Diez métodos y siete teorías |
0 |
0 |
3 |
542 |
0 |
8 |
30 |
1,828 |
| Valoración de marcas e intangibles |
0 |
0 |
0 |
443 |
2 |
3 |
15 |
1,916 |
| Valoración de opciones por simulación |
0 |
0 |
0 |
553 |
0 |
0 |
6 |
1,734 |
| Valoración de opciones reales: Dificultades, problemas y errores |
0 |
0 |
0 |
319 |
3 |
4 |
8 |
1,351 |
| Valuation of an Expropriated Company: the Case of YPF and Repsol in Argentina |
0 |
0 |
1 |
57 |
8 |
15 |
23 |
176 |
| Valuation of brands and intellectual capital |
0 |
0 |
5 |
2,994 |
4 |
11 |
28 |
6,323 |
| Valuation using multiples. How do analysts reach their conclusions? |
1 |
6 |
60 |
4,670 |
9 |
21 |
139 |
12,103 |
| Value of tax shields and the risk of the net increase of debt, The. Year 2004 |
0 |
0 |
0 |
232 |
2 |
4 |
11 |
755 |
| Valuing Companies by Cash Flow Discounting: Fundamental Relationships and Unnecessary Complications |
0 |
2 |
3 |
133 |
3 |
5 |
14 |
251 |
| Valuing companies by cash flow discounting: Ten methods and nine theories |
1 |
4 |
15 |
5,606 |
8 |
21 |
63 |
12,621 |
| Valuing companies with a fixed book-value leverage ratio |
0 |
0 |
0 |
311 |
1 |
7 |
16 |
1,408 |
| Valuing real options: frequently made errors |
0 |
0 |
1 |
1,389 |
5 |
6 |
14 |
2,744 |
| Volatilidades, betas y alfas de empresas españolas. Periodos 1990-1996 y 1986-1989 |
0 |
0 |
0 |
469 |
1 |
2 |
10 |
2,463 |
| WACC: Definition, misconceptions and errors |
2 |
13 |
49 |
885 |
10 |
33 |
105 |
1,519 |
| Total Working Papers |
28 |
107 |
497 |
107,937 |
430 |
982 |
2,952 |
376,240 |