Working Paper |
File Downloads |
Abstract Views |
Last month |
3 months |
12 months |
Total |
Last month |
3 months |
12 months |
Total |
100 questions on finance |
1 |
1 |
2 |
342 |
1 |
2 |
4 |
386 |
102 errores en valoraciones de empresas |
0 |
0 |
1 |
340 |
0 |
0 |
3 |
707 |
110 common errors in company valuations |
2 |
4 |
43 |
1,210 |
2 |
5 |
57 |
1,801 |
120 errores en valoraciones de empresas |
0 |
0 |
4 |
471 |
0 |
2 |
9 |
1,053 |
160 preguntas sobre finanzas |
0 |
0 |
2 |
307 |
0 |
3 |
6 |
1,162 |
17 problemas de finanzas básicas resueltos y 307 respuestas erróneas |
1 |
1 |
3 |
290 |
2 |
3 |
9 |
1,222 |
201 preguntas sobre finanzas |
1 |
1 |
1 |
146 |
1 |
2 |
4 |
344 |
21 problemas sencillos de finanzas resueltos y 525 respuestas erróneas |
0 |
0 |
0 |
221 |
0 |
0 |
0 |
316 |
28 problemas sencillos de finanzas resueltos y 950 respuestas erróneas |
0 |
0 |
4 |
108 |
0 |
0 |
11 |
265 |
75 common and uncommon errors in company valuation |
0 |
0 |
1 |
1,028 |
1 |
1 |
5 |
1,848 |
80 common and uncommon errors in company valuation |
0 |
0 |
0 |
1,555 |
0 |
3 |
8 |
2,656 |
A definition of shareholder value creation |
19 |
45 |
184 |
3,215 |
64 |
183 |
679 |
12,318 |
A general formula for the WACC: A correction |
0 |
1 |
3 |
432 |
1 |
3 |
6 |
1,592 |
A more realistic valuation: APV and WACC with constant book leverage ratio |
2 |
3 |
6 |
508 |
6 |
15 |
27 |
1,998 |
Algunos swaps de tipos de interés |
0 |
0 |
2 |
31 |
0 |
0 |
5 |
100 |
Are calculated betas good for anything? |
1 |
1 |
3 |
565 |
2 |
6 |
19 |
1,220 |
BBVA: 1991-2007. Creación de valor y rentabilidad |
1 |
3 |
3 |
81 |
1 |
3 |
4 |
296 |
Banco Santander: 1991-2007. Creación de valor y rentabilidad |
0 |
1 |
1 |
106 |
0 |
1 |
3 |
445 |
Beneficio económico, EVA y creación de valor de empresas españolas (1991-1997) |
1 |
8 |
24 |
579 |
2 |
22 |
81 |
2,600 |
Beta = 1 does a better job than calculated betas |
0 |
0 |
2 |
428 |
1 |
1 |
9 |
332 |
Betas used by professors: A survey with 2,500 answers |
0 |
0 |
2 |
239 |
0 |
0 |
3 |
325 |
Betas utilizadas por directivos y profesores europeos en 2009 |
0 |
0 |
3 |
67 |
0 |
0 |
3 |
149 |
Bonos estructurados vendidos en España en los últimos años |
0 |
0 |
0 |
37 |
0 |
0 |
1 |
154 |
Cash flow is cash and is a fact. Net income is just an opinion |
0 |
3 |
16 |
685 |
1 |
5 |
43 |
2,687 |
Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten |
0 |
0 |
0 |
209 |
0 |
0 |
0 |
714 |
Company valuation methods. The most common errors in valuations |
10 |
25 |
138 |
20,105 |
20 |
54 |
267 |
49,859 |
Convertible bonds in Spain: A different security |
0 |
0 |
0 |
160 |
1 |
1 |
7 |
729 |
Creación de valor para los accionistas de BBVA |
0 |
1 |
2 |
81 |
0 |
2 |
3 |
352 |
Creación de valor para los accionistas de Bankinter |
0 |
0 |
0 |
89 |
0 |
1 |
1 |
514 |
Creación de valor para los accionistas de Bankinter (1991-2006) |
0 |
0 |
1 |
39 |
0 |
0 |
2 |
240 |
Creación de valor para los accionistas de Endesa |
0 |
0 |
1 |
76 |
0 |
0 |
2 |
615 |
Creación de valor para los accionistas de Iberdrola |
0 |
0 |
0 |
70 |
0 |
1 |
9 |
411 |
Creación de valor para los accionistas de Repsol |
0 |
0 |
0 |
74 |
0 |
0 |
4 |
369 |
Creación de valor para los accionistas de Repsol. 1991-2006 |
1 |
2 |
4 |
48 |
2 |
4 |
12 |
182 |
Creación de valor para los accionistas de Telefónica |
1 |
1 |
1 |
113 |
1 |
1 |
4 |
528 |
Creación de valor para los accionistas de Unión Fenosa |
0 |
0 |
0 |
49 |
0 |
0 |
2 |
603 |
Creación de valor para los accionistas de bancos españoles (1991-2006) |
0 |
0 |
0 |
78 |
0 |
0 |
1 |
208 |
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 |
0 |
51 |
0 |
0 |
1 |
350 |
Creación de valor para los accionistas del Banco Santander |
0 |
0 |
0 |
94 |
1 |
1 |
1 |
605 |
Derivados exóticos |
0 |
0 |
9 |
390 |
0 |
7 |
31 |
1,334 |
Descensos de las cotizaciones de 154 empresas españolas. 1991-2008 |
0 |
0 |
0 |
17 |
0 |
0 |
1 |
113 |
Descensos memorables en las cotizaciones: Telepizza y Boston Chicken |
0 |
0 |
1 |
85 |
0 |
0 |
2 |
288 |
Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case |
2 |
4 |
10 |
2,532 |
4 |
11 |
23 |
9,096 |
Divisas. Evolución y análisis de tipos de cambio (1980-1995) |
0 |
0 |
2 |
682 |
0 |
0 |
7 |
5,055 |
Dos sentencias con tremendos errores sobre valoración |
0 |
0 |
0 |
101 |
0 |
0 |
0 |
401 |
EVA, Economic profit and cash value added do NOT measure shareholder value creation |
2 |
2 |
12 |
3,647 |
5 |
9 |
35 |
12,451 |
El peligro de utilizar betas calculadas |
0 |
0 |
4 |
170 |
1 |
1 |
11 |
538 |
Eléctricas españolas: 1991-2007. Creación de valor y rentabilidad para los accionistas |
0 |
0 |
1 |
59 |
0 |
0 |
1 |
199 |
Equity premium: Historical, expected, required and implied |
0 |
1 |
5 |
379 |
0 |
3 |
13 |
816 |
Equivalence of ten different discounted cash flow valuation methods |
1 |
5 |
17 |
2,994 |
2 |
7 |
31 |
7,381 |
Equivalence of ten different methods for valuing companies by cash flow discounting |
0 |
0 |
1 |
1,384 |
1 |
1 |
3 |
3,109 |
Equivalence of the APV, WACC and flows to equity approaches to firm valuation |
1 |
1 |
2 |
1,615 |
3 |
5 |
8 |
5,407 |
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 |
1,326 |
0 |
0 |
2 |
4,565 |
Euro Stoxx 50: 1997-2005. Shareholder value creation in Europe |
0 |
0 |
0 |
122 |
0 |
0 |
1 |
679 |
EuroStoxx 50: 1997-2004. Shareholder value creation in Europe |
0 |
0 |
0 |
187 |
0 |
0 |
1 |
887 |
Financial literature about discounted cash flow valuation |
0 |
1 |
8 |
1,145 |
2 |
6 |
26 |
2,438 |
How to value a seasonal company by discounting cash flows |
0 |
0 |
1 |
596 |
1 |
1 |
16 |
1,743 |
IBEX 35: 1991-2008. Rentabilidad y creación de valor |
0 |
0 |
2 |
82 |
0 |
0 |
3 |
489 |
IBEX 35: 1991-2010. Rentabilidad y creación de valor |
1 |
1 |
5 |
84 |
1 |
2 |
12 |
336 |
IBEX 35: 1992-2007 - Rentabilidad y creación de valor |
0 |
0 |
0 |
119 |
1 |
1 |
3 |
1,049 |
Iberdrola: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
65 |
0 |
0 |
2 |
275 |
Información privilegiada según un tribunal español |
0 |
0 |
0 |
36 |
0 |
0 |
0 |
125 |
Initial public offerings (IPOs): The Spanish experience |
0 |
0 |
1 |
277 |
2 |
3 |
8 |
839 |
Internet valuations: The case of Terra-Lycos |
1 |
4 |
38 |
612 |
1 |
5 |
42 |
1,114 |
La insolvencia de Lehman Brothers en septiembre de 2008: Sobre su previsibilidad y sobre algunos "profetas a posteriori" |
0 |
0 |
0 |
53 |
0 |
1 |
3 |
138 |
La prima de riesgo del mercado (market risk premium) |
0 |
7 |
32 |
893 |
16 |
91 |
340 |
5,649 |
La prima de riesgo del mercado según 100 Libros |
0 |
0 |
1 |
111 |
1 |
2 |
5 |
609 |
Las empresas españolas en 2007 (y en el periodo 1993-2007). Rentabilidad y creación de valor |
0 |
0 |
0 |
76 |
0 |
0 |
3 |
250 |
Levered and unlevered Beta |
2 |
5 |
13 |
4,056 |
8 |
26 |
84 |
35,003 |
Market Risk Premium Used in 82 Countries in 2012: A Survey with 7,192 Answers |
0 |
0 |
1 |
96 |
0 |
0 |
6 |
236 |
Market risk premium used in 2008 by Professors: A survey with 1,400 answers |
0 |
0 |
0 |
161 |
0 |
0 |
1 |
433 |
Market risk premium used in 2008: A survey of more than a 1,000 professors |
0 |
0 |
1 |
231 |
0 |
0 |
3 |
823 |
Market risk premium used in 2010 by analysts and companies: A survey with 2.400 answers |
0 |
0 |
1 |
85 |
0 |
3 |
7 |
147 |
Market risk premium used in 2010 by professors: A survey with 1,500 answers |
0 |
0 |
0 |
72 |
0 |
1 |
2 |
135 |
Market risk premium used in 56 countries in 2011: A survey with 6,014 answers |
1 |
1 |
2 |
226 |
1 |
1 |
7 |
412 |
Market risk premium: Required, historical and expected |
0 |
3 |
16 |
11,047 |
5 |
20 |
51 |
63,496 |
Most common errors in company valuation |
0 |
1 |
4 |
736 |
0 |
1 |
4 |
1,250 |
Métodos de valoración de empresas |
0 |
4 |
15 |
992 |
0 |
7 |
22 |
5,616 |
On the instability of betas: The case of Spain |
0 |
1 |
9 |
393 |
0 |
1 |
12 |
907 |
Optimal capital structure: Problems with the Harvard and Damodaran Approaches |
2 |
3 |
5 |
2,227 |
4 |
8 |
36 |
8,098 |
Poor performance of mutual funds in Spain. 1991-2007 |
0 |
0 |
0 |
85 |
0 |
0 |
0 |
178 |
Prima de Riesgo del Mercado: Histórica, Esperada, Exigida e Implícita |
0 |
1 |
3 |
142 |
0 |
2 |
5 |
496 |
Prima de riesgo del mercado utilizada para España: Encuesta 2011 |
0 |
0 |
0 |
42 |
0 |
0 |
0 |
277 |
Prima de riesgo del mercado utilizada: Encuesta 2008 |
0 |
0 |
0 |
61 |
0 |
0 |
1 |
334 |
Ranking de gestoras de fondos de inversión en España. 1991-2010 |
0 |
0 |
0 |
81 |
0 |
2 |
8 |
326 |
Ranking de gestoras de fondos de inversión en España. 1994-2009 |
0 |
0 |
0 |
114 |
0 |
0 |
6 |
580 |
Ranking de gestoras de fondos de pensiones en España. 1990-2010 |
0 |
0 |
0 |
64 |
0 |
0 |
2 |
293 |
Rentabilidad de los Fondos de Pensiones en España. 2001-2011 |
0 |
0 |
0 |
38 |
0 |
2 |
3 |
144 |
Rentabilidad de los fondos de inversión de renta variable nacional en España (1991-2006) |
0 |
4 |
13 |
182 |
7 |
20 |
72 |
993 |
Rentabilidad de los fondos de inversión en España. (1991-2006) |
0 |
0 |
1 |
67 |
0 |
0 |
2 |
279 |
Rentabilidad de los fondos de inversión en España. 1991-2007 |
0 |
0 |
0 |
69 |
0 |
1 |
1 |
332 |
Rentabilidad de los fondos de inversión en España. 1991-2008 |
0 |
0 |
0 |
50 |
0 |
0 |
1 |
188 |
Rentabilidad de los fondos de inversión en España. 1991-2009 |
0 |
0 |
2 |
33 |
0 |
0 |
3 |
159 |
Rentabilidad de los fondos de inversión en España. 2001-2011 |
0 |
2 |
2 |
36 |
1 |
5 |
15 |
117 |
Rentabilidad de los fondos de pensiones en España. 1991-2007 |
0 |
0 |
0 |
157 |
0 |
1 |
4 |
645 |
Rentabilidad de los fondos de pensiones en España. 1991-2008 |
0 |
0 |
0 |
33 |
0 |
0 |
1 |
155 |
Rentabilidad de los fondos de pensiones en España. 2001-2011 |
0 |
0 |
0 |
9 |
0 |
1 |
1 |
50 |
Rentabilidad y creación de valor de 125 empresas españolas en 2008 (hasta el 17 de septiembre) |
0 |
0 |
0 |
33 |
0 |
1 |
1 |
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 |
0 |
0 |
1 |
191 |
Rentabilidad y creación de valor de 136 empresas españolas en 2008 |
0 |
0 |
0 |
0 |
1 |
1 |
2 |
117 |
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 |
92 |
Rentabilidad y creación de valor de las empresas españolas en 2006 (y en el periodo 1993-2006) |
0 |
0 |
0 |
66 |
0 |
0 |
0 |
463 |
Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1992-2003 |
0 |
2 |
2 |
425 |
0 |
2 |
4 |
909 |
Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2005 |
0 |
0 |
2 |
211 |
0 |
0 |
2 |
1,156 |
Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2006 |
0 |
0 |
1 |
60 |
1 |
1 |
2 |
463 |
Rentabilidad y creación de valor para los accionistas de las empresas españolas y del Ibex 35. 1992-2004 |
0 |
0 |
0 |
197 |
0 |
0 |
2 |
1,253 |
Reply to "Comment on the value of tax shields is NOT equal to the present value of tax shields" |
0 |
0 |
1 |
180 |
0 |
0 |
1 |
492 |
Reply to "The value of tax shields is equal to the present value of tax shields" |
0 |
1 |
1 |
176 |
0 |
1 |
3 |
443 |
Shareholder value creation in Europe. Eurostoxx 50: 1997-2003 |
0 |
0 |
0 |
257 |
0 |
0 |
0 |
1,306 |
Shareholder value creation of microsoft and GE |
1 |
2 |
3 |
930 |
1 |
4 |
11 |
3,160 |
Shareholder value creators and shareholder value destroyers in Europe. Year 2002 |
0 |
0 |
0 |
200 |
0 |
0 |
0 |
483 |
Shareholder value creators and shareholder value destroyers in USA. Year 2001 |
0 |
0 |
0 |
565 |
0 |
0 |
2 |
1,451 |
Shareholder value creators and shareholder value destroyers in USA. Year 2002 |
0 |
1 |
1 |
387 |
0 |
1 |
2 |
1,130 |
Shareholder value creators in the Dow Jones: Year 2008 |
0 |
0 |
0 |
79 |
0 |
0 |
0 |
163 |
Shareholder value creators in the S&P 500: 1991-2010 |
0 |
0 |
0 |
93 |
0 |
1 |
3 |
179 |
Shareholder value creators in the S&P 500: Year 2003 |
0 |
1 |
1 |
194 |
0 |
1 |
1 |
704 |
Shareholder value creators in the S&P 500: Year 2004 |
0 |
0 |
0 |
181 |
0 |
0 |
1 |
781 |
Telefónica: 1991-2007. Creación de valor y rentabilidad |
0 |
0 |
0 |
58 |
0 |
0 |
0 |
310 |
Telefónica: 1991-2010. Creación de valor y rentabilidad |
0 |
0 |
0 |
59 |
0 |
0 |
4 |
179 |
Ten badly explained topics in most corporate finance books |
2 |
2 |
4 |
160 |
2 |
2 |
4 |
266 |
The correct value of tax shields: An analysis of 23 theories |
0 |
0 |
2 |
308 |
1 |
1 |
6 |
677 |
The equity premium in 100 textbooks |
0 |
0 |
1 |
158 |
1 |
1 |
3 |
355 |
The equity premium in 150 textbooks |
1 |
3 |
3 |
175 |
1 |
4 |
4 |
269 |
The equity premium in finance and valuation textbooks |
0 |
0 |
0 |
112 |
0 |
1 |
2 |
277 |
The equity premium in finance and valuation textbooks |
1 |
1 |
1 |
223 |
1 |
1 |
1 |
570 |
The equity premium puzzle: High required equity premium, undervaluation and self fulfilling prophecy |
0 |
1 |
1 |
117 |
3 |
9 |
34 |
430 |
The value of tax shields depends only on the net increases of debt |
0 |
0 |
1 |
147 |
0 |
0 |
2 |
365 |
The value of tax shields is not equal to the present value of tax shields |
1 |
1 |
2 |
791 |
2 |
2 |
6 |
5,395 |
The value of tax shields is not equal to the present value of tax shields: A correction |
0 |
0 |
3 |
236 |
0 |
0 |
3 |
535 |
The value of tax shields with a fixed book-value leverage ratio |
0 |
0 |
1 |
178 |
0 |
0 |
1 |
656 |
Three residual income valuation methods and discounted cash flow valuation |
2 |
6 |
68 |
4,452 |
5 |
11 |
93 |
14,610 |
Tres sentencias con tremendos errores sobre valoración |
0 |
0 |
1 |
82 |
0 |
0 |
3 |
219 |
US market risk premium used in 2011 by professors, analysts and companies: A survey with 5.731 answers |
0 |
0 |
1 |
161 |
1 |
2 |
3 |
189 |
Valoración de empresas por descuento de flujos: Diez métodos y siete teorías |
1 |
2 |
6 |
524 |
1 |
2 |
9 |
1,760 |
Valoración de marcas e intangibles |
0 |
1 |
3 |
434 |
1 |
5 |
16 |
1,883 |
Valoración de opciones por simulación |
0 |
0 |
1 |
551 |
0 |
0 |
2 |
1,722 |
Valoración de opciones reales: Dificultades, problemas y errores |
0 |
0 |
1 |
317 |
0 |
2 |
11 |
1,340 |
Valuation of an Expropriated Company: the Case of YPF and Repsol in Argentina |
0 |
1 |
2 |
23 |
0 |
2 |
14 |
105 |
Valuation of brands and intellectual capital |
0 |
2 |
14 |
2,971 |
1 |
5 |
34 |
6,259 |
Valuation using multiples. How do analysts reach their conclusions? |
4 |
20 |
68 |
4,421 |
8 |
44 |
168 |
11,573 |
Value of tax shields and the risk of the net increase of debt, The. Year 2004 |
1 |
2 |
2 |
232 |
1 |
3 |
4 |
741 |
Valuing Companies by Cash Flow Discounting: Fundamental Relationships and Unnecessary Complications |
1 |
2 |
7 |
120 |
3 |
5 |
11 |
218 |
Valuing companies by cash flow discounting: Ten methods and nine theories |
1 |
4 |
5 |
5,579 |
2 |
6 |
12 |
12,520 |
Valuing companies with a fixed book-value leverage ratio |
0 |
0 |
1 |
311 |
0 |
0 |
3 |
1,388 |
Valuing real options: frequently made errors |
0 |
1 |
2 |
1,384 |
2 |
6 |
11 |
2,710 |
Volatilidades, betas y alfas de empresas españolas. Periodos 1990-1996 y 1986-1989 |
0 |
0 |
3 |
467 |
0 |
1 |
8 |
2,444 |
WACC: Definition, misconceptions and errors |
2 |
8 |
59 |
707 |
4 |
17 |
94 |
1,213 |
Total Working Papers |
72 |
216 |
973 |
105,612 |
220 |
728 |
2,912 |
368,279 |