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Corporate Valuation and Takeover: Exercises

63
Language:  English
This book of Exercises reinforces theoretical applications of stock market analyses as a guide to Corporate Valuation and Takeover and other texts in the bookboon series by Robert Alan Hill.
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This book of Exercises reinforces theoretical applications of stock market analyses as a guide to Corporate Valuation and Takeover and other texts in the bookboon series by Robert Alan Hill. The volatility of global markets and individual shares, created by serial financial crises, economic recession and political instability means that investors (private, institutional, or corporate) cannot rely on “number crunching”. All market participants need a thorough understanding of share valuation models (whether asset, earnings, dividend and cash based) to comprehend the factors that determine their future trading decisions.

  1. Part I: An Introduction
  2. An Overview
    1. Introduction
    2. Modern Finance: A Review
    3. Exercise 1: Corporate Valuation and Takeover: A Review
    4. Summary and Conclusions
    5. Selected References
  3. Part II: Share Valuation Theories
  4. How to Value a Share
    1. Introduction
    2. Exercise 2: The Dividend Yield, Cover and the P/E Ratio
    3. Summary and Conclusions
    4. Selected Reference
  5. The Role of Dividend Policy
    1. Introduction
    2. Exercise 3.1:The Gordon Growth Model
    3. Exercise 3.2: Gordon’s ‘Bird in the Hand’ Model
    4. Exercise 3.3: Growth Estimates and the Cut-Off Rate
    5. Summary and Conclusions
    6. Selected References
  6. Dividend Irrelevancy
    1. Introduction
    2. Exercise 4.1: Dividend Irrelevancy
    3. Exercise 4.2: The MM Dividend Irrelevancy Hypothesis
    4. Summary and Conclusions
    5. Selected References
  7. Part III: A Guide to Stock Market Investment
  8. Stock Market Dynamics: An Illustration
    1. Introduction
    2. Exercise 5.1: Published Accounting and Stock Market Data
    3. Exercise 5.2: “Beating” the Market
    4. Summary and Conclusions
    5. Selected References
  9. Part IV: Valuation and Takeover
  10. A Stock Exchange Listing
    1. Introduction
    2. Exercise 6: Coming to the Market
    3. Summary and Conclusions
    4. Selected References
  11. Acquisition Pricing Policy
    1. Introduction
    2. Exercise 7.1: A “Suspect” Takeover Valuation
    3. Exercise 7.2: A “Promising” Takeover Valuation
    4. Summary and Conclusions
    5. Selected References
  12. Appendix: Stock Market Ratios
About the Author

Robert Alan Hill