The Theory of Investment Value. John Burr Williams

The Theory of Investment Value


The.Theory.of.Investment.Value.pdf
ISBN: 9781607964704 | 650 pages | 17 Mb


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The Theory of Investment Value John Burr Williams
Publisher: Beta Nu Publishing



104: They cannot discount the same event twice. Your Price: $25.30- The Theory of Investment Value (Fraser Publishing Library) (Contrary Opinion Library) This book was first printed in 1938, having been written as a Ph.D. Williams's dissertation, entitled “The Theory of Investment Value,” did not immediately earn him his doctorate. Theory.” M&M showed that the value of a firm (and of its cash flows) is independent of the ratio of debt to equity used by the firm in financing its investments. That would not be forthcoming until 1940. The Theory of Investment Value By John Burr Williams Cambridge, MA: Harvard University Press 1938. The Theory of Investment Value. Recently, the Financial Accounting Standards Board (FASB), to achieve consistency with its counterpart across the pond (at least that was the theory), set out to measure some investment properties at fair value. In the case of a low-return business requiring incremental funds, growth hurts the investor. The value is usually calculated using discounted cash flow valuation (DCF). This model of corporate financial structure is therefore called the trade-off theory. Only when each dollar used to finance the growth creates over a dollar of long-term market value. John Burr Williams 1938 treatise The Theory of Investment Value is still the definitive word on value.





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