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

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Roll, R. 1983. Vas ist das? Journal of Portfolio Management 9:18–28.

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.

Seyhun, H. N. 1998. Investment intelligence from insider trading. Cambridge, MA: MIT Press.

Shiller, R. 1999. Irrational exuberance. Princeton, NJ: Princeton University Press.

Sunder, S. 1973. Relationship between accounting changes and stock prices: Problems of measurement and some empirical evidence. In Empirical Research in Accounting: Selected Studies 1-45. Toronto: Lexington.

Sunder, S. 1975. Stock price and risk related accounting changes in inventory valuation. Accounting Review 305–315.

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Woodruff, C. S., and A. J. Senchack, Jr. 1988. Intradaily price-volume adjustments of NYSE stocks to unexpected earnings. Journal of Finance 43(2):467–491.

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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Booth, L. 1999. Estimating the equity risk premium and equity costs: New way of looking at old data. Journal of Applied Corporate Finance 12(1):100–112.

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.

Elton, E., M. J. Gruber, and J. Mei. 1994. Cost of capital using arbitrage pricing theory: A case study of nine New York utilities. Financial Markets, Institutions and Instruments 3:46–73.

Fama, E. F., and K. R. French. 1988. Permanent and temporary components of stock prices. Journal of Political Economy 96:246–273.

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.

Ibbotson, R. G., and G. P. Brinson. 1993. Global investing. New York: McGraw-Hill.

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.

Pettit, J. 1999. Corporate capital costs: A practitioner’s guide. Journal of Applied Corporate Finance 12(1):113–120.

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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. 1980. Measuring security price performance. Journal of Financial Economics 8(3):205–258.

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.

Scholes, M., and J. T. Williams. 1977. Estimating betas from nonsynchronous data.

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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,