McKinsey's Trusted Guide to Teaching Corporate Valuation is Back and Better than Ever
Designed for classroom use, Valuation, University Edition Fifth Edition is filled with the …

We compare risk premia (RP) inferred using the Ohlson-Juettner (RP OJ) and residual
income valuation (RP RIV) models in three ways:(1) correlation with risk factors;(2) …

CEOs with substantial general managerial ability (generalist CEOs) possess a substantial
share of organization (human) capital and have different risk-taking incentives than do their …

Asset pricing models generate predictions relating assets' expected rates of return and their
risk attributes. Most tests of these models have employed realized rates of return as a proxy …

We examine the influence of institutional investors' investment horizons on a firm's cost of
equity. We argue that the cost of equity will decrease in the presence of institutional …

Beta, as measured by the Capital Asset Pricing Model (CAPM), is widely used for pricing
stocks, determining the cost of capital, and gauging the extent to which markets are …

The equity premium designates four different concepts: Historical Equity Premium (HEP);
Expected Equity Premium (EEP); Required Equity Premium (REP); and Implied Equity …

A variety of stakeholders have long been interested in the factors that are related to firm
valuation. This article investigates why companies with more comprehensive corporate …

Research suggests that equity markets value Big N audits over non‐Big N audits.
Explanations include the information quality hypothesis, whereby Big N auditors increase …

I review 100 finance and valuation textbooks published between 1979 and 2008 (Brealey,
Myers, Copeland, Damodaran, Merton, Ross, Bruner, Bodie, Penman, Weston, Arzac...) and …