- ISBN13: 9780231151184
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
Product Description
Accounting for Value teaches investors and analysts how to handle accounting in evaluating equity investments. The book’s novel approach shows that valuation and accounting are much the same: valuation is actually a matter of accounting for value. Laying aside many of the tools of modern finance& mdash;the cost-of-capital, the CAPM, and discounted cash flow analysis& mdash;Stephen Penman returns to the common-sense principles that have long guided fundamental inves… More >>
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