Principles of Cash Flow Valuation

Reviews / Votes

"The book goes a long way towards bridging the gap between the application of cost benefit analysis and the theory of capital budgeting. The authors have distilled the essence of years of gathering academic wisdom in the study of cash flow analysis and the cost of capital and presented it in a manner that is of immediate benefit both to the student and the practitioner in the field." --Savvakis C. Savvides, Cyprus Development Bank. "The book by Tham and Velez-Pareja is a very modern approach to valuation theory. The author's focus is not the pure theory of valuation but rather they present a book full of useful hints and tips that will please the practician. Tham and Velez-Pareja in particular stress the importance of financial statements and their use in valuation. Many detailed examples make it easy not only to understand but also to apply valuation theory." --Professor Dr. Dr. Andreas Loeffler,Lehrstuhl fuer Banken und Finanzierung, Universitaet Hannover "This is an elegant and insightful exposition of the principles and techniques involved in valuation of cash flows. The issues related to construction of cash flows and estimation of cost of capital under different scenarios that are vital to the valuation of firms and investments, are dealt with in a careful and straightforward fashion. The arguments are made in a clear and animated fashion and the presentation style is an interesting blend of rigorous analysis and simple illustrations. An essential reading for any one interested in understanding the issues associated with cash flow valuation and it should prove equally valuable to both scholars and practitioners." --Gangadhar P Shukla, Professor of Public Policy, Duke UniversityOne of the Top Ten financial engineering titles published in 2003-2004 - Richard Norgate, Ph.D., Financial Engineering News