Corporate Valuation and Takeover
Publisher: Bookboon.com
Published: 2013
ISBN-13: 9788776818302
Table of contents: title: Obsah; title: Part I: An Introduction; title: 1. An Overview 1.1. Some Observations on Traditional Finance Theory; title: 1.2. Some Observations on Stock Market Volatility; title: Part II: Share Valuation Theories; title: 2. How to Value a Share 2.1. The Capitalisation Concept; title: 2.2. The Capitalisation of Dividends and Earnings; title: 2.3. The Capitalisation of Current Maintainable Yield; title: 2.4. The Capitalisation of Earnings; title: 3. The Role of Dividend Policy 3.1. The Gordon Growth Model; title: 3.2. Gordon’s ‘Bird in the Hand’ Model; title: 4. Dividend Irrelevancy 4.1. The MM Dividend Irrelevancy Hypothesis; title: 4.2. The MM Hypothesis and Shareholder Reaction; title: 4.3. The MM Hypothesis: A Corporate Perspective; title: Part III: A Guide to Stock Market Investment; title: 5. How to Read Stock Exchange Listings 5.1. Stock Exchange Listings; title: 6. Strategies for Investment (I) 6.1. Dividends as Income; title: 6.2. Dividends for Growth; title: 6.3. The Price-Earnings Ratio: Past and Future; title: 7. Strategies for Investment (II) 7.1. Corporate Information; title: 7.2. “Beating” the Market; title: Part IV: Valuation and Takeover; title: 8. A Stock Exchange Valuation 8.1. Coming to the Market; title: 8.2. Calculations and Assumptions; title: 8.3. A Total Market Valuation; title: 8.4. An Aggregate Flotation Value; title: 8.5. The Number and Denomination of Shares; title: 8.6. A Valuation per Share; title: 9. Managerial Motivation and Corporate Takeover 9.1. Objective Motivational Factors; title: 9.2. Subjective Motivational Factors; title: 10. Acquisition Pricing and Accounting Data 10.1. Takeover Valuation: The Case for Net Assets; title: 10.2. Valuing the Assets; title: 10.3. How to Value Goodwill; title: 11. Acquisition Pricing-Profitability, Dividend Policy and Cash Flow 11.1. Takeover Valuation: The Profitability Basis; title: 11.2. Takeover Valuation: Dividend Policy; title: 11.3. Takeover Valuation: The Cash Flow Basis; title: 12. Takeover Activity, Investor Behaviour and Stock Market Data 12.1. The Current Takeover Scene; title: 12.2. Investor Behaviour; title: 12.3. The “Golden Rules” of Investment; title: 12.4. Acquisition Strategy and Stock Market Data