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

Kisor, M., Jr., and V. S. Whitbeck. 1963. A new tool in investment decision-making.

Financial Analysts Journal 19:55–62.

Leibowitz, M. L., and S. Kogelman. 1992. Franchise value and the growth process.

Financial Analysts Journal 48:53–62.

Levy, H., and Z. Lerman. 1985. Testing P/E ratio filters with stochastic dominance.

Journal of Portfolio Management 11:31–40.

Peters, D. J. 1991. Valuing a growth stock. Journal of Portfolio Management 17:49–51.

Глава 19. МУЛЬТИПЛИКАТОРЫ БАЛАНСОВОЙ СТОИМОСТИ

Capaul, C., I. Rowley, and W. F. Sharpe. 1993. International value and growth stock returns. Financial Analysts Journal 49:27–36.

Chan, L. K., Y. Hamao, and J. Lakonishok. 1991. Fundamentals and stock returns in Japan. Journal of Finance 46:1739–1789.

Fama, E. F., and K. R. French. 1992. The cross-section of expected returns. Journal of Finance 47:427–466.

Jacobs, B. I., and K. N. Levy. 1988. On the value of «value». Financial Analysts Journal 44:47–62.

Lang, L. H. P., R. M. Stulz, and R. A. Walkling. 1991. A test of the free cash flow hypothesis: The case of bidder returns. Journal of Financial Economics 29:315–335.

Porter, M. E. 1980. Competitive strategy: Techniques for analyzing industries and competitors. New York: Free Press.

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

Wilcox, J. W. 1984. The P/B-ROE valuation model. Financial Analysts Journal 40:58–66.

Глава 20. МУЛЬТИПЛИКАТОРЫ ВЫРУЧКИ И СПЕЦИФИЧЕСКИЕ СЕКТОРНЫЕ МУЛЬТИПЛИКАТОРЫ

Itami, H. 1987. Mobilizing invisible assets. Cambridge, MA: Harvard University Press.

Jacobs, B. L, and K. N. Levy. 1988. Disentangling equity return irregularities: New insights and investment opportunities. Financial Analysts Journal 44:18–44.

Senchack, A. J., Jr., and J. D. Martin. 1987. The relative performance of the PSR and PER investment strategies. Financial Analysts Journal 43:46–56.

Глава 21. ОЦЕНКА ФИРМ, ОКАЗЫВАЮЩИХ ФИНАНСОВЫЕ УСЛУГИ

Copeland, T. E., T. Koller, and J. Murrin. 1999. Valuation: Measuring and managing the value of companies. New York: John Wiley 8c Sons.

Глава 22. ОЦЕНКА ФИРМ С ОТРИЦАТЕЛЬНОЙ ПРИБЫЛЬЮ

Damodaran, A. 2001. Dealing with negative earnings. Working paper. www.stern.nyu.edu/~adamodar/New_Home_Page/papers.html.

Глава 23. ОЦЕНКА МОЛОДЫХ ИЛИ НАЧИНАЮЩИХ ФИРМ

Damodaran, A. 2001. The dark side of valuation. Upper Saddle River, NJ: Prentice Hall. Глава 24. ОЦЕНКА ЧАСТНЫХ ФИРМ

Beaver, W. H., P. Kettler, and M. Scholes. 1970. The association between market determined and accounting determined risk measures. Accounting Review 45(4):654–682.

Kim, S. H., T. Crick, and S. H. Kim. 1986. Do executives practice what academics preach? Management Accounting 68:49–52.

Maher, J. M. 1976. Discounts for lack of marketability for closely held business interests. Tax Magazine 1:562–571.

Moroney, R. E. 1973. Most courts overvalue closely held stocks. Tax Magazine 1:144–155.

Pratt, S., R. F. Reilly, and R. P. Schweihs. 2000. Valuing a business: The analysis and appraisal of closely held companies. New York: McGraw-Hill.

Rosenberg, B., and J. Guy. 1976. Beta and investment fundamentals; Beta and investment fundamentals – II. Financial Analysts Journal 32(3):60–72; 32(4):62–70.

Rosenberg, B., and J. Guy. 1995. Prediction of beta from investment fundamentals.

Financial Analysts Journal 51(1): 101–112.

Silber, W. L. 1991. Discounts on restricted stock: The impact of illiquidity on stock prices. Financial Analysts Journal 47:60–64.

Глава 25. ПРИОБРЕТЕНИЯ И ПОГЛОЩЕНИЯ

Bhide, A. 1989. The causes and consequences of hostile takeovers. Journal of Applied Corporate Finance 2:36–59.

Bhide, A. 1993. Reversing corporate diversification. In The new corporate finance – Where theory meets practice, ed. D. H. Chew Jr. New York: McGraw-Hill.

Bradley, M., A. Desai, and E. H. Kim. 1983. The rationale behind interfirm tender offers. Journal of Financial Economics 11:183–206.

Bradley, M., A. Desai, and E. H. Kim. 1988. Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms.

Journal of Financial Economics 21:3-40.

Dann, L. Y., and H. DeAngelo. 1983. Standstill agreements, privately negotiated stock repurchases, and the market for corporate control. Journal of Financial Economics 11:275–300.

Dann, L. Y., and H. DeAngelo. 1988. Corporate financial policy and corporate control: A study of defensive adjustments in asset and ownership structure. Journal of Financial Economics 20:87-128.

DeAngelo, H., and E. M. Rice. 1983. Antitakeover charter amendments and stockholder wealth. Journal of Financial Economics 11:329–360.

DeAngelo, H., L. DeAngelo, and E. M. Rice. 1984. Going private: The effects of a change in corporate ownership structure. Midland Corporate Finance Journal 35–43.

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

Dubofsky, P., and P. R. Varadarajan. 1987. Diversification and measures of performance: Additional empirical evidence. Academy of Management Journal 597–608.

Fruhan, W. E., W. C. Kester, S. P. Mason, T. R. Piper, and R. S. Ruback. 1992.

Congoleum: Case problems in finance. Homestead, IL: Irwin.

Gaughan, P. A. 1999. Mergers, Acquisitions and Corporate Restructurings. New York: John Wiley & Sons.

Healy, P. M., K. G. Palepu, and R. S. Ruback. 1992. Does corporate performance improve after mergers? Journal of Financial Economics 31:135–176.

Hong, H., R. S. Kaplan, and G. Mandelkar. 1978. Pooling vs. purchase: The effects of accounting for mergers on stock prices. Accounting Review 53(l):31–47.

Jarrell, G. A., J. A. Brickley, and J. M. Netter. 1988. The market for corporate control: The empirical evidence since 1980. Journal of Economic Perspectives 2:49–68.

Jensen, M. C. 1986. Agency costs of free cashflow, corporate finance and takeovers.

American Economic Review 76:323–329.

Jensen, M. C., and R. S. Ruback. 1983. The market for corporate control. Journal of Financial Economics 11:5-50.

Kaplan, S., and M. S. Weisbach. 1992. The success of acquisitions: The evidence from divestitures. Journal of Finance 47:107–138.

Karpoff, J. M., and P. H. Malatesta. 1990. The wealth effects of second-generation state takeover legislation. Journal of Financial Economics 25:291–322.

KPMG. 1999. Unlocking shareholder value: The keys to success. New York: KPMG Global Research Report.

Krallinger, J. C. 1997. Mergers and acquisitions: Managing the transaction. New York: McGraw-Hill.

Lewellen, W. G. 1971. A pure financial rationale for the conglomerate merger.

Journal of Finance 26:521–537.

Lindenberg, E., and M. P. Ross. 1999. To purchase or to