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La evaluación de compañías comparables a través de índices financieros

La evaluación de compañías comparables a través de índices financieros
Author: Sebastian Murillo
Publisher: Editorial Academica Espanola
Total Pages: 160
Release: 2017-11-21
Genre:
ISBN: 9783841768506

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En nuestra realidad mundial la competitividad es de máxima trascendencia para la permanencia de nuestras compañías. Esto es muy fácil afirmarlo, pero lo que sugiere en el fondo, es que ya no es suficiente el manejo del desempeño año a año de la empresa, sino que es necesaria la comparación con otras empresas dedicadas a la misma actividad - entiéndase "La Industria"- con el fin de identificar deficiencias o ventajas competitivas, esto, con el fin de ajustar las estrategias de negocio. El actual trabajo tiene la más alta relevancia en este respecto, ya que presenta un modelo de comparación de índices financieros mediante los cuales, países emergentes, podrían compararse con otros mercados. Midiendo tanto el uso de sus recursos financieros, como también sus esperados resultados. Este tema toma mayor relevancia, cuando la información financiera necesaria, no está disponible, como por ejemplo en países que no cuentan con mercados financieros desarrollados. Los autores invitan a sectores empresariales y a estudiantes de administración y finanzas a usar el modelo con el fin de descubrir que deben ajustar a sus estrategias empresariales.


Business

Business
Author: Ricky W. Griffin
Publisher: Pearson Educación
Total Pages: 722
Release: 2004
Genre: Business & Economics
ISBN: 9789702605973

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For Introduction to Business courses. This best-selling text by Ricky Griffin and Ronald Ebert provides students with a comprehensive overview of all the important functions of business. Each edition has introduced cutting-edge firsts while ensuring the underlying principles that guided its creation, Doing the Basics Best, were retained. The seventh edition focuses on three simple rules- Learn, Evaluate, Apply. - NEW- Chapter 2: Understanding the Environments of Business - This new chapter puts business operations in contemporary context, explaining the idea of organizational boundaries and describing the ways in which elements from multiple environments cross those boundaries and shape organizational activities. This chapter sets the stage as an introduction to some of the most important topics covered in the rest of the book, for example: - The Economics Environment includes the role of aggregate output, standard of living, real growth rate; GDP per capita; real GDP; purchasing power parity; and the Consumer Price Index. - The Technology Environment includes special attention to new tools for competitiveness in both goods and services and business process technologies, plus e


Benchmarking Water Services

Benchmarking Water Services
Author: Enrique Cabrera Jr
Publisher: IWA Publishing
Total Pages: 185
Release: 2011-03-01
Genre: Science
ISBN: 1843391988

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Benchmarking has become a key tool in the water industry to promote and achieve performance targets for utilities. The use of this tool for performance improvement through systematic search and adaptation of leading practices, has expanded globally during the past decade. Many ongoing projects worldwide aim to address different needs and objectives, in varying contexts, with outstanding results and impact. Benchmarking Water Services provides valuable information to everyone interested in benchmarking in the water industry. The text is aimed at utilities considering joining a benchmarking project, experienced practitioners in charge of organizing a benchmarking exercise, consultants, regulators and researchers. The document is presented with a clear practice oriented approach and can be used as a how-to-benchmark guide presented from different perspectives (participants, organizers, supervising bodies). Readers will gain practical insight on real life benchmarking practices and will benefit from the experiences gained in some of the leading benchmarking projects of the water industry (including the IWA-WSAA benchmarking efforts, the European Benchmarking Co-operation and the several benchmarking projects carried out in Austria and Central Europe). The manual also presents the new IWA Benchmarking Framework, which aims to harmonize the terms used to describe benchmarking and performance indicators practices in the water industry, guaranteeing a more fluent and efficient communication. This Manual of Best Practice is edited by the IWA Specialist Group on Benchmarking and Performance Assessment, and co-published by AWWA and IWA Publishing. Praise for Benchmarking Water Services: "The continual trend of conceptual to specifics throughout the book provides for an educational experience each time the book is either casually perused or carefully studied." "The authors (Cabrera, Haskins and Fritiz) diligently pursue the focus of improvement." "Benchmarking Water Services is an in depth and practical ‘must have’ guide for any utility currently engaged in or planning to develop a benchmarking process" - Gregory M. Baird (2012) Benchmarking: An International Journal 19:2. More information about the book can be found on the Water Wiki in an article written by the author: http://www.iwawaterwiki.org/xwiki/bin/view/Articles/TheNewIWABenchmarkingFramework A Spanish language version of this book is available as a free eBook: http://www.iwawaterwiki.org/xwiki/bin/view/Articles/eBookTitlesfromIWAPublishingFreetoDownload-Volume2#HBenchmarkingParaServiciosdeAgua


Debt Stocks, Debt Flows and the Balance of Payments

Debt Stocks, Debt Flows and the Balance of Payments
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 160
Release: 1994-12-01
Genre: Business & Economics
ISBN: 9789264142589

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This report focuses on the ways in which stock data enter into the analysis of the flow of external resources between creditor and debtor countries. It describes key terms and the various debt classification systems; outlines methodologies for reconciling differences in debt stocks and debt flows; compares and contrasts the debt and debt-related data systems of the IMF, the OECD, and the World Bank; provides two case studies on data analysis problems and examples of debt restructuring; and outlines the conclusions of the International Working Group on External Debt Statistics.


RETRACTED BOOK: 151 Trading Strategies

RETRACTED BOOK: 151 Trading Strategies
Author: Zura Kakushadze
Publisher: Springer
Total Pages: 480
Release: 2018-12-13
Genre: Business & Economics
ISBN: 3030027929

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The book provides detailed descriptions, including more than 550 mathematical formulas, for more than 150 trading strategies across a host of asset classes and trading styles. These include stocks, options, fixed income, futures, ETFs, indexes, commodities, foreign exchange, convertibles, structured assets, volatility, real estate, distressed assets, cash, cryptocurrencies, weather, energy, inflation, global macro, infrastructure, and tax arbitrage. Some strategies are based on machine learning algorithms such as artificial neural networks, Bayes, and k-nearest neighbors. The book also includes source code for illustrating out-of-sample backtesting, around 2,000 bibliographic references, and more than 900 glossary, acronym and math definitions. The presentation is intended to be descriptive and pedagogical and of particular interest to finance practitioners, traders, researchers, academics, and business school and finance program students.


Equity Valuation Using Multiples

Equity Valuation Using Multiples
Author: Andreas Schreiner
Publisher: Springer Science & Business Media
Total Pages: 191
Release: 2009-04-15
Genre: Business & Economics
ISBN: 3835095315

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Andreas Schreiner examines the role of multiples in equity valuation. He transforms the standard multiples valuation method into a comprehensive framework for using multiples in valuation practice, which corresponds to economic theory and is consistent with the results of a broad empirical study of European and U.S. equity markets.


Are Capital Buffers Pro-cyclical?

Are Capital Buffers Pro-cyclical?
Author: Juan Ayuso
Publisher:
Total Pages: 36
Release: 2002
Genre: Bank capital
ISBN:

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Se analiza la relación entre el ciclo económico y los excedentes de capital sobre requerimientos de recursos propios de bancos y cajas en España. A partir de un panel de datos individuales para el período 1986-2000 (que cubre un ciclo completo), se estima una ecuación para el comportamiento del capital excedentario, que incluye entre los regresores un indicador de posición cíclica. Los resultados del ejercicio son muy robustos y claros y muestran que, una vez que se controlan los efectos del resto de sus determinantes, los excesos de capital mantienen una relación negativa con la posición en el ciclo. En términos cuantitativos, un aumento de un punto porcentual en la tasa de crecimiento del PIB reduce el colchón de capital en un 17%. Esta relación es, además,asimétrica, siendo más acusada durante las fases expansivas del ciclo. De acuerdo con estos resultados, el llamado problema de la prociclicidad de los requerimientos de capital debería ser tenido en cuenta en el diseño final de Basilea II, probablemente en el marco del segundo pilar de dicho acuerdo.


Valuation Methods and Shareholder Value Creation

Valuation Methods and Shareholder Value Creation
Author: Pablo Fernandez
Publisher: Elsevier
Total Pages: 661
Release: 2002-09-11
Genre: Business & Economics
ISBN: 0080520375

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Valuation Methods and Shareholder Value Creation provides a comprehensive examination of valuation tools and guidance for analyzing and valuing a business. It covers the basics of valuation methods and shareholder value creation in addition to rigorous approaches to discounted cash flow valuation and real options for valuing a company. It highlights quantitative analyses of firm value; emphasizes qualitative management assessments; and integrates data from international companies. By examining eight different methods of discounted cash flow valuation and discussing the pros and cons of each method, the book offers thorough, accessible coverage of corporate valuation. The book provides well-structured guidance for practitioners and MBA students with a background in finance. Highlights quantitative analyses of firm value Emphasizes qualitative management assessments Integrates data from international companies


Market Metrics

Market Metrics
Author: Tim Ambler
Publisher:
Total Pages: 71
Release: 2001
Genre: Brand name products
ISBN: 9781841520872

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An Introduction to Efficiency and Productivity Analysis

An Introduction to Efficiency and Productivity Analysis
Author: Timothy J. Coelli
Publisher: Springer Science & Business Media
Total Pages: 376
Release: 2005-07-22
Genre: Business & Economics
ISBN: 9780387242651

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Softcover version of the second edition Hardcover. Incorporates a new author, Dr. Chris O'Donnell, who brings considerable expertise to the project in the area of performance measurement. Numerous topics are being added and more applications using real data, as well as exercises at the end of the chapters. Data sets, computer codes and software will be available for download from the web to accompany the volume.