Download or read book A Pragmatic Look at Valuation Collection written by Barbara S. Petitt and published by FT Press. This book was released on 2014-05-29 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new collection of corporate finance best practices for establishing accurate valuations… 2 authoritative books, now in a convenient e-format, at a great price! 2 authoritative eBooks help you accurately value companies and assets for M&A, restructurings, and key corporate investments Valuation decisions can make or break the success of any merger, acquisition, restructuring, or large-scale corporate investment. Few areas of finance are so important -- or so challenging. This unique 2 eBook package brings together comprehensive and up-to-date guidance for arriving at valuations you can rely upon. Valuation: Methods and Models in Applied Corporate Finance is focused entirely on achieving useful results -- avoiding ivory-tower theory you don't need and elementary material you already know. George Chacko and Carolyn L. Evans present a 100% practical and rigorous approach to conducting valuation. Step-by-step, they address the projection of financial statements, calculating free cash flows, risk-adjusted cost of capital, and several leading methodologies, including WACC, flow-to-equity, and APV. Throughout, each concept is explained with realistic examples, and demonstrated with accessible math. No previous mathematical understanding is required beyond basic algebra, probability, and statistics: wherever more advanced math is required, the authors explain it fully. Next, in Valuation for Mergers and Acquisitions, Second Edition, Barbara S. Petitt and Kenneth R. Ferris present a complete, practitioner-oriented view of valuation in the context of M&A and corporate restructurings. Petitt and Ferris guide you through performing a target's financial review, developing forecasts, and assessing the sensitivity of these forecasts to key assumptions. You'll review both traditional and alternative valuation methods, from the basic P/E ratio to a wide range of discounted cash flow models, economic value analysis, and real option analyses. The authors also address closely-related issues such as accounting, financial reporting, and tax considerations. Throughout, you'll find realistic advice for making more informed choices, handling common dilemmas, and overcoming common errors -- all illuminated with real-world examples and illustrations. Whatever your role in establishing valuations or making corporate investment decisions, this collection will help you reduce your risks and improve your performance. From world-renowned valuation experts George Chacko, Carolyn L. Evans, Barbara S. Petitt, and Kenneth R. Ferris
Download or read book Environmental Pragmatism written by Eric Katz and published by Routledge. This book was released on 2013-04-15 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental pragmatism is a new strategy in environmental thought. It argues that theoretical debates are hindering the ability of the environmental movement to forge agreement on basic policy imperatives. This new direction in environmental thought moves beyond theory, advocating a serious inquiry into the merits of moral pluralism. Environmental pragmatism, as a coherent philosophical position, connects the methodology of classical American pragmatic thought to the explanation, solution and discussion of real issues. This concise, well-focused collection is the first comprehensive presentation of environmental pragmatism as a new philosophical approach to environmental thought and policy.
Download or read book The Art of Company Valuation and Financial Statement Analysis written by Nicolas Schmidlin and published by John Wiley & Sons. This book was released on 2014-04-30 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Art of Company Valuation and Financial Statement Analysis: A value investor’s guide with real-life case studies covers all quantitative and qualitative approaches needed to evaluate the past and forecast the future performance of a company in a practical manner. Is a given stock over or undervalued? How can the future prospects of a company be evaluated? How can complex valuation methods be applied in practice? The Art of Company Valuation and Financial Statement Analysis answers each of these questions and conveys the principles of company valuation in an accessible and applicable way. Valuation theory is linked to the practice of investing through financial statement analysis and interpretation, analysis of business models, company valuation, stock analysis, portfolio management and value Investing. The book’s unique approach is to illustrate each valuation method with a case study of actual company performance. More than 100 real case studies are included, supplementing the sound theoretical framework and offering potential investors a methodology that can easily be applied in practice. Written for asset managers, investment professionals and private investors who require a reliable, current and comprehensive guide to company valuation, the book aims to encourage readers to think like an entrepreneur, rather than a speculator, when it comes to investing in the stock markets. It is an approach that has led many to long term success and consistent returns that regularly outperform more opportunistic approaches to investment.
Download or read book The Pragmatic Philosophy of John Dewey Premium Collection 20 Books in One Volume written by John Dewey and published by DigiCat. This book was released on 2023-12-08 with total page 1186 pages. Available in PDF, EPUB and Kindle. Book excerpt: This carefully crafted ebook: "The Pragmatic Philosophy of John Dewey – Premium Collection: 20+ Books in One Volume" is formatted for your eReader with a functional and detailed table of contents: German Philosophy and Politics Leibniz's New Essays Concerning the Human Understanding: A Critical Exposition Studies in Logical Theory Interpretation of Savage Mind Ethics The Problem of Values Soul and Body Logical Conditions of a Scientific Treatment of Morality The Evolutionary Method As Applied To Morality The Influence of Darwin on Philosophy Nature and Its Good: A conversation Intelligence and Morals The Experimental Theory of Knowledge The Intellectualist Criterion for Truth A Short Catechism Concerning Truth Beliefs and Existences Experience and Objective Idealism The Postulate of Immediate Empiricism "Consciousness" and Experience The Significance of the Problem of Knowledge Essays in Experimental Logic Reconstruction in Philosophy Does Reality Possess Practical Character? Criticisms of John Dewey The Chicago School John Dewey's Logical Theory The Pragmatic Theory of Truth as Developed by Peirce, James, and Dewey John Dewey (1859-1952) is one of the primary figures associated with the philosophy of pragmatism and is considered one of the founders of functional psychology. His ideas have been influential in education and social reform. "No one doubts that thought, at least reflective, as distinct from what is sometimes called constitutive, thought, is derivative and secondary. It comes after something and out of something, and for the sake of something. No one doubts that the thinking of everyday practical life and of science is of this reflective type. We think about; we reflect over." (Studies in Logical Theory)
Download or read book Realism Value and Transcendental Arguments between Neopragmatism and Analytic Philosophy written by Sami Pihlström and published by Springer Nature. This book was released on 2023-05-05 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays collected in this volume and authored by Sami Pihlström emphasize that our relation to the world we live in and seek to represent and get to know better through our practices of conceptualization and inquiry is irreducibly valuational. There is no way of even approaching, let alone resolving, the philosophical issue of realism without drawing due attention to the ways in which human values are inextricably entangled with even the most purely “factual” projects of inquiry we engage in. This entanglement of the factual and the normative is, as explicitly argued in Chapter 7 but implicitly suggested in all the other chapters as well, both pragmatic (practice-embedded and practice-involving) and transcendental (operating at the level of the necessary conditions for the possibility of our representing and cognizing the world in general). The author claims we need to carefully examine the complex relations of realism, value, and transcendental arguments at the intersection of pragmatism and analytic philosophy. This book does so by offering case-studies of various important neopragmatists and philosophers close to the pragmatist tradition, including Hilary Putnam, Nicholas Rescher, Joseph Margolis, and Ludwig Wittgenstein. It appeals to scholars and advanced graduate students focusing on pragmatism and analytic philosophy.
Download or read book The Value Investors written by Ronald Chan and published by John Wiley & Sons. This book was released on 2012-08-06 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investing legend Warren Buffett once said that “success in investing doesn’t correlate with I.Q. once you’re above the level of 125. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.” In an attempt to understand exactly what kind of temperament Buffett was talking about, Ronald W. Chan interviewed 12 value-investing legends from around the world, learning how their personal background, culture, and life experiences have shaped their investment mindset and strategy. The Value Investors: Lessons from the World’s Top Fund Managers is the result. From 106-year-old Irving Kahn, who worked closely with “father of value investing” Benjamin Graham and remains active today, and 95-year-old Walter Schloss (described by Warren Buffett as the “super-investor from Graham-and-Dodsville”), to the co-founders of Hong Kong-based Value Partners, Cheah Cheng Hye and V-Nee Yeh, and Francisco García Paramés of Spain’s Bestinver Asset Management, Chan chose investment luminaries to help him understand the international appeal – and success – of value investing. All of these men became strong advocates of the approach despite considerable age and cultural differences. Chan finds out why. In The Value Investors, readers will also discover how these investors, each of whom has a unique value perspective, have consistently beaten the stock market over the years. Do they share a trait that allows this to happen? Is there a winning temperament that turns the ordinary investor into an extraordinary one? This book answers these questions and more.
Download or read book Pragmatic Theology written by Victor Anderson and published by State University of New York Press. This book was released on 1998-01-29 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pragmatic Theology argues for a vision of religious life that is derived from the tradition of American pragmatism (James, Dewey, Royce); empirical theology (Chicago School, D.C. Macintosh, H. Richard Niebuhr); and American philosophy of religion (Stone, Frankenberry, Corrington). The author argues that there is a divine reality in human experience that when encountered gives meaning and value to a person's need for cultural fulfillment and to his or her religious need for self-transcendence. The book commends the openness of nature, the world, and human experience to creative transformation and growth. It supports the increase of human capacities to create morally livable and fulfilling communities, the enhancement of the free play of interpretation, and a social order where democratic utopian expectations are envisioned and actualized.
Download or read book The Routledge International Handbook of Valuation and Society written by Anne Krüger and published by Taylor & Francis. This book was released on 2024-10-15 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge International Handbook of Valuation and Society builds on the growing research interest in practices of valuation throughout contemporary society, providing an up-to-date overview of the different facets of research in the sociology of valuation. The handbook is divided into five major sections with attention to the treatment of valuation in major areas of sociological theory, as well as its key concepts, discourses, and approaches: Part I: Theoretical perspectives Part II: Central valuation practices in societal spheres Part III: Cross-cutting valuation practices Part IV: Valuation and societal change Part V: Reflections Together, the chapters in this book characterize distinctive practices of valuation across different societal spheres, such as education and science, arts and culture, economic life, the environment or digital culture and social media. They also examine the role of valuation in contemporary society and consider the ways it effects social change. This seminal handbook aims at taking stock of the development of the study of valuation with a selection of topics that are important for understanding core perspectives and developments as well as anticipating its future orientation. It will appeal to scholars across the social sciences with interest in the ubiquity of the valuation practices and its effects on social life.
Download or read book The Value of Art Education written by Henrik Fürst and published by Springer Nature. This book was released on 2023-05-11 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows the continuing importance of art education. Art education attracts students who see multiple meanings and justifications for the worth of that education. Their engagement in art education is not limited to the uncertain prospects for jobs or routes into employment in the arts. Fürst and Nylander approach art education through a rich array of empirical examples derived from Swedish folk high school programs in music, visual arts, and creative writing. Based on an analytical framework of pragmatic sociology, the book allows the reader to understand the competences and critical capacities held by students and teachers. The book challenges the dominant public perception of art education and broadens our understanding of what it is good for. The Value of Art Education is essential reading for those defending the status of this vital sector of education, offering a deeper understanding of why people engage, what they gain, and the social importance of the arts.
Download or read book Promoting Value in the Public Interest Informing Policies for Judging Value in Evaluation written by George Julnes and published by John Wiley & Sons. This book was released on 2012-04-10 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you make evidence-based decisions when designing and conducting evaluations, and use methods validated by experience? Because of the growing importance of evidence-based decision-making for improving programs and policies, this issue examines methods selection: Which is better? How can one be improved? Are the results of the project worth the resources expended? and how that leads to confidence in value-based conclusions. It presents a constructive dialogue on valuing in evaluation, with the goal of developing a pragmatic approach for guiding method choice and for promoting methodology policies that support multiple approaches to valuation being employed in context-appropriate ways so as to serve the public interest. This is the 133rd volume of the Jossey-Bass quarterly report series New Directions for Evaluation, an official publication of the American Evaluation Association.
Download or read book Valuation Approaches and Metrics written by Aswath Damodaran and published by Now Publishers Inc. This book was released on 2005 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Valuation lies at the heart of much of what we do in finance, whether it is the study of market efficiency and questions about corporate governance or the comparison of different investment decision rules in capital budgeting. In this paper, we consider the theory and evidence on valuation approaches. We begin by surveying the literature on discounted cash flow valuation models, ranging from the first mentions of the dividend discount model to value stocks to the use of excess return models in more recent years. In the second part of the paper, we examine relative valuation models and, in particular, the use of multiples and comparables in valuation and evaluate whether relative valuation models yield more or less precise estimates of value than discounted cash flow models. In the final part of the paper, we set the stage for further research in valuation by noting the estimation challenges we face as companies globalize and become exposed to risk in multiple countries.
Download or read book Pragmatic Realism Religious Truth and Antitheodicy written by Sami Pihlström and published by Helsinki University Press. This book was released on 2020-02-03 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a traditional theological issue and in its broader secular varieties, theodicy remains a problem in the philosophy of religion. In this remarkable book, Sami Pihlström provides a novel critical reassessment of the theodicy discourse addressing the problem of evil and suffering. He develops and defends an antitheodicist view, arguing that theodicies seeking to render apparently meaningless suffering meaningful or justified from a ‘God’s-Eye-View’ ultimately rely on metaphysical realism failing to recognize the individual perspective of the sufferer. Pihlström thus shows that a pragmatist approach to the realism issue in the philosophy of religion is a vital starting point for a re-evaluation of the problem of theodicy. With its strong positions and precise arguments, the volume provides a new approach which is likely to stimulate discussion in the wider academic world of philosophy of religion.
Download or read book Beyond Price written by Michael Hutter and published by Cambridge University Press. This book was released on 2008 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the tensions between economic and cultural value from a range of disciplines.
Download or read book Value in Ethics and Economics written by Elizabeth Anderson and published by Harvard University Press. This book was released on 1995-08-11 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Elizabeth Anderson offers a new theory of value and rationality that rejects cost-benefit analysis in our social lives and in our ethical theories. This account of the plurality of values thus offers a new approach, beyond welfare economics and traditional theories of justice, for assessing the ethical limitations of the market. In this light, Anderson discusses several contemporary controversies involving the proper scope of the market, including commercial surrogate motherhood, privatization of public services, and the application of cost-benefit analysis to issues of environmental protection. Table of Contents: Preface 1. A Pluralist Theory of Value A Rational Attitude Theory of Value Ideals and Self-Assessment How Goods Differ in Kind (I): Different Modes of Valuation How Goods Differ in Kind (II): Social Relations of Realization 2. An Expressive Theory of Rational Action Value and Rational Action The Framing of Decisions The Extrinsic Value of States of Affairs Consequentialism Practical Reason and the Unity of the Self 3. Pluralism and Incommensurable Goods The Advantages of Consequentialism A Pragmatic Theory of Comparative Value Judgments Incommensurable Goods Rational Choice among Incommensurable Goods 4. Self-Understanding, the Hierarchy of Values, and Moral Constraints The Test of Self-Understanding The Hierarchy of Values Agent-Centered Restrictions Hybrid Consequentialism A Self-Effacing Theory of Practical Reason? 5. Criticism, Justification, and Common Sense A Pragmatic Account of Objectivity The Thick Conceptual Structure of the Space of Reasons How Common Sense Can Be Self-Critical Why We Should Ignore Skeptical Challenges to Common Sense 6. Monistic Theories of Value Monism Moore's Aesthetic Monism Hedonism Rational Desire Theory 7. The Ethical Limitations of the Market Pluralism, Freedom, and Liberal Politics The Ideals and Social Relations of the Modern Market Civil Society and the Market Personal Relations and the Market Political Goods and the Market The Limitations of Market Ideologies 8. Is Women's Labor a Commodity? The Case of Commercial Surrogate Motherhood Children as Commodities Women's Labor as a Commodity Contract Pregnancy and the Status of Women Contract Pregnancy, Freedom, and the Law 9. Cost-Benefit Analysis, Safety, and Environmental Quality Cost-Benefit Analysis as a Form of Commodification Autonomy, Labor Markets, and the Value of Life Citizens, Consumers, and the Value of the Environment Toward Democratic Alternatives to Cost-Benefit Analysis Conclusion Notes References Index Reviews of this book: Anderson/auhtor is anxious to combat what she sees as a tendency for commercial values to invade areas of human life where they do not belong...A useful contribution to debate about the proper scope of the market. "Not everything is a commodity, insists Anderson, and her brief should shake up social science technocrats." DD--Philadelphia Inquirer "The book is rich in both argument and application." DD--Alan Hamlin, Times Higher Education Supplement "In this rich and insightful book Elizabeth Anderson develops an original account of value and rational action and then employs this account to address the pragmatic political question of what the proper range of the market should be. Anderson's principal targets are consequentialism, monism and the crude 'economistic' reasoning which underpins much contemporary social policy...This is an important book...For anyone interested in political philosophy this is essential reading." DD--A. J. Walsh, Australasian Journal of Philosophy --Hugo Dixon, Financial Times [UK] Reviews of this book: Not everything is a commodity, insists Anderson, and her brief should shake up social science technocrats. --Philadelphia Inquirer Reviews of this book: The book is rich in both argument and application. --Alan Hamlin, Times Higher Education Supplement Reviews of this book: In this rich and insightful book Elizabeth Anderson develops an original account of value and rational action and then employs this account to address the pragmatic political question of what the proper range of the market should be. Anderson's principal targets are consequentialism, monism and the crude 'economistic' reasoning which underpins much contemporary social policy...This is an important book...For anyone interested in political philosophy this is essential reading. --A. J. Walsh, Australasian Journal of Philosophy
Download or read book Accounting for Value written by Stephen Penman and published by Columbia University Press. This book was released on 2010-12-30 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting for Value teaches investors and analysts how to handle accounting in evaluating equity investments. The book's novel approach shows that valuation and accounting are much the same: valuation is actually a matter of accounting for value. Laying aside many of the tools of modern finance the cost-of-capital, the CAPM, and discounted cash flow analysis Stephen Penman returns to the common-sense principles that have long guided fundamental investing: price is what you pay but value is what you get; the risk in investing is the risk of paying too much; anchor on what you know rather than speculation; and beware of paying too much for speculative growth. Penman puts these ideas in touch with the quantification supplied by accounting, producing practical tools for the intelligent investor. Accounting for value provides protection from paying too much for a stock and clues the investor in to the likely return from buying growth. Strikingly, the analysis finesses the need to calculate a "cost-of-capital," which often frustrates the application of modern valuation techniques. Accounting for value recasts "value" versus "growth" investing and explains such curiosities as why earnings-to-price and book-to-price ratios predict stock returns. By the end of the book, Penman has the intelligent investor thinking like an intelligent accountant, better equipped to handle the bubbles and crashes of our time. For accounting regulators, Penman also prescribes a formula for intelligent accounting reform, engaging with such controversial issues as fair value accounting.
Download or read book Law Pragmatism and Democracy written by Richard A. Posner and published by Harvard University Press. This book was released on 2009-07-01 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: A liberal state is a representative democracy constrained by the rule of law. Richard Posner argues for a conception of the liberal state based on pragmatic theories of government. He views the actions of elected officials as guided by interests rather than by reason and the decisions of judges by discretion rather than by rules. He emphasizes the institutional and material, rather than moral and deliberative, factors in democratic decision making. Posner argues that democracy is best viewed as a competition for power by means of regular elections. Citizens should not be expected to play a significant role in making complex public policy regarding, say, taxes or missile defense. The great advantage of democracy is not that it is the rule of the wise or the good but that it enables stability and orderly succession in government and limits the tendency of rulers to enrich or empower themselves to the disadvantage of the public. Posner’s theory steers between political theorists’ concept of deliberative democracy on the left and economists’ public-choice theory on the right. It makes a significant contribution to the theory of democracy—and to the theory of law as well, by showing that the principles that inform Schumpeterian democratic theory also inform the theory and practice of adjudication. The book argues for law and democracy as twin halves of a pragmatic theory of American government.
Download or read book Value in a Changing Built Environment written by David Lorenz and published by John Wiley & Sons. This book was released on 2017-12-26 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new framework for understanding the underpinnings of real estate property value and the role it plays in the larger economy Value in a Changing Built Environment examines the professional foundations on which the valuation exercise and the valuation profession rest. Written by noted experts in the field, the book addresses the often limited understanding of the concept of property value by explaining the intrinsic linkages between economic, environmental, social, and cultural measures and components of property value. The book offers a framework that paves the way towards a more holistic approach to property value. Value in a Changing Built Environment unwraps many of the traditional assumptions that have underpinned market participants’ decision making over the last few decades. The authors explore the concept that a blindfold application of valuation theories and approaches adopted from finance is unlikely to be able to cope with the nature of property as an economic and public good. This vital resource: Explains the criteria for making estimates of value that can be applied worldwide Offers an integrated approach to property value and the valuation processes Captures the often illusive intangibles such as environmental performance into valuation Addresses a market failure to account for wider criteria on building performance Value in a Changing Built Environment examines how real estate valuation plays a pivotal role in decision making and how can a new body of knowledge improve the practice in both business and social domains.
