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Stochastic Discounted Cash Flow

A Theory of the Valuation of Firms

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Pages
268 pages
Reading time
10 hours

More about the book

Focusing on the intricacies of firm valuation, this open access book delves into the calculation of discounted cash flow (DCF) and its various competing methodologies, including entity and equity approaches. It highlights key concepts like adjusted present value (APV) and weighted average cost of capital (WACC), both categorized as entity approaches. Aimed at economists in finance, the book explores the nuances of these valuation techniques and their implications in the field.

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Stochastic Discounted Cash Flow, Lutz Kruschwitz, Andreas Löffler

Language
Released
2020
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