Инвестиционная оценка. Инструменты и методы оценки любых активов - Асват Дамодаран

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Roll, R. 1984. A simple implicit measure of the bid-ask spread in an efficient market. Journal of Finance 39:1127–1139.

Rosenberg, B., K. Reid, and R. Lanstein. 1985. Persuasive evidence of market inefficiency. Journal of Portfolio Management 11:9-17.

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Глава 7. БЕЗРИСКОВЫЕ СТАВКИ И ПРЕМИИ ЗА РИСК

Altman, E. I. 1968. Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. Journal of Finance 23:589–609.

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Bruner, R. F., K. M. Eades, R. S. Harris, and R. C. Higgins. 1998. Best practices in estimating the cost of capital: Survey and synthesis. Financial Practice and Education 14–28.

Chan, K. C., G. A. Karolyi, and R. M. Stulz. 1992. Global financial markets and the risk premium on U.S. equity. Journal of Financial Economics 32:132–167.

Damodaran, A. 1999. Estimating the equity risk premium. Working paper. www.stern.nyu.edu/~adamodar/New_Home_Page/papers.html.

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Godfrey, S., and R. Espinosa. 1996. A practical approach to calculating the cost of equity for investments in emerging markets. Journal of Applied Corporate Finance 9(3):80–81.

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Indro, D. C., and W. Y. Lee. 1997. Biases in arithmetic and geometric averages as estimates of long-run expected returns and risk premium. Financial Management 26:81–90.

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Глава 8. ОЦЕНКА ПАРАМЕТРОВ РИСКА И СТОИМОСТИ ФИНАНСИРОВАНИЯ

Blume, M. 1979. Betas and their regression tendencies: Some further evidence.

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Brown, S. J., and J. B. Warner. 1985. Using daily stock returns: The case of event studies. Journal of Financial Economics 14(1):3-31.

Bruner, R. F., K. M. Eades, R. S. Harris and R. C. Higgins. 1998. Best practices in estimating the cost of capital: Survey and synthesis. Financial Practice and Education 14–28.

Dimson, F. 1979. Risk measurement when shares are subject to infrequent trading.

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Hamada, R. S. 1972. The effect of the firm’s capital structure on the systematic risk of common stocks. Journal of Finance 27:435–452.

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Глава 9. ИЗМЕРЕНИЕ ПРИБЫЛИ

Aboody, D., and B. Lev. 1998. The value relevance of intangibles: The case of software capitalization. Journal of Accounting Research 36(0):161–191.

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Damodaran, A. 1999. The treatment of operating leases. Working paper. www.stern.nyu.edu/~adamodar/New_Home_Page/papers.html.

Damodaran, A. 1999. The treatment of R&D. Working paper, www.stern.nyu.edu/~adamodar/New_Home_Page/papers.html.

Deng, Z., and B. Lev. 1998. The valuation of acquired R&D. Working paper. New York University.

Глава 10. ОТ ПРИБЫЛИ К ДЕНЕЖНЫМ ПОТОКАМ

Brennan, M. J. 1970. Taxes, market valuation and corporation financial policy.

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Graham, J. R. 2000. How big are the tax benefits of debt? Journal of Finance 55(5):1901–1941.

Graham, J. R. Proxies for the corporate marginal tax rate. Journal of Financial Economics 42(2):187–221.

Глава 11. ОЦЕНКА РОСТА

Arnott, R. D. 1985. The use and misuse of consensus earnings. Journal of Portfolio Management 11:18–27.

Bathke, A. W, Jr., and K. S. Lorek. 1984. The relationship between time-series models and the security market’s expectation of quarterly earnings. Accounting Review 163–176.

Box, G., and G. Jenkins. 1976. Time series analysis: Forecasting and control. Oakland, CA: Holden-Day.

Brown, L. D., and M. S. Rozeff. 1979. Univariate time series models of quarterly accounting earnings per share: A proposed model. Journal of Accounting Research 178–189.

Brown, L. D., and M. S. Rozeff. 1980. Analysts can forecast accurately! Journal of Portfolio Management 6:31–34.

Collins, W., and W. Hopwood. 1980. A multivariate analysis of annual earnings forecasts generated from quarterly forecasts of financial analysts and univariate time series models. Journal of Accounting Research 20:390–406.

Cragg, J. G., and B. G. Malkiel. 1968. The consensus and accuracy of predictions of the growth of corporate earnings. Journal of Finance 23:67–84.

Crichfield, T., T. Dyckman, and J. Lakonishok. 1978. An evaluation of security analysts forecasts. Accounting Review 53:651–668.

Foster, G. 1977. Quarterly accounting data: Time series properties and predictive ability results. Accounting Review 52:1-31.

Fried, D., and D. Givoly. 1982. Financial analysts forecasts of earnings: A better surrogate for earnings expectations. Journal of Accounting and Economics 4:85-107.

Fuller, R. J., L. C. Huberts, and M. Levinson. 1992. It’s not higgledy-piggledy growth! Journal of Portfolio Management 18:38–46.

Givoly,