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...

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Bibliographic Details
Main Authors: Kruschwitz, Lutz (Author), Löffler, Andreas (Author)
Corporate Author: SpringerLink (Online service)
Format: Electronic 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:Link to Metadata
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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.