Stochastic Discounted Cash Flow : A Theory of the Valuation of Firms /

This open access book discusses firm valuation, which is of interest to economists, particularly those working in finance. Firm valuation comes down to the calculation of the discounted cash flow, often only referred to by its abbreviation, DCF. There are, however, different coexistent versions, whi...

Full description

Bibliographic Details
Main Authors: Kruschwitz, Lutz (Author), Löffler, Andreas (Author)
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: Cham : Springer International Publishing : Imprint: Springer, 2020.
Edition:1st ed. 2020.
Series:Springer Texts in Business and Economics,
Subjects:
Online Access:Connect to the full text of this electronic book
Table of Contents:
  • Introduction: A Stochastic Approach to Discounted Cash Flow
  • Basic Elements: Cash Flow, Tax, Expectation, Cost of Capital, Value
  • Corporate Income Tax: WACC, FTE, TCF, APV
  • Personal Income Tax
  • Corporate and Personal Income Tax
  • Proofs
  • Sketch of Solutions.