Franchise Value: A Modern Approach to Security Analysis (Wiley Finance)（精装）

图书标准信息

• 作者 Martin L. Leibowitz 著
• 出版社 Wiley
• 出版时间 2004-07
• 版次 1
• ISBN 9780471647881
• 定价 569.20元
• 装帧 精装
• 开本 其他
• 纸张 其他
• 页数 512页
• 正文语种 英语
• 丛书 Wiley Finance

【内容简介】

AmodernapproachtoequityvaluationUnderstandingthekeyingredientsthatcombinetoaffectprice/earnings(P/Es)isofcrucialimportancetotheinvestmentprocess.InFranchiseValue,MartinLeibowitztacklestheimposingtaskofdeterminingwhatreallyhasanimpactonP/Es.TheauthorshowswhyhesubscribestotheconventionallogicthattheP/Egaugesthemarket'sassessmentofthefirm'sfuture.Hethenintroducereaderstothefranchise-valueapproachtoanalyzingtheprospectivecashflowsthatdetermineacompany'sP/E.Thefranchise-valueapproachtovaluationenablestheanalystorinvestortobreakthefirmintotwokeycomponentpartsandtovaluethosecomponents.Thefranchisevalueapproachisoriginalandinsightful,andwiththisbook,readerscanbegintoimplementthisapproachtoperformbetterequityvaluations.MartinL.Leibowitz,PhD(Stamford,CT),isViceChairandChiefInvestmentOfficeratTIAA-CREF,whereheisresponsiblefortheoverallmanagementofallTIAA-CREFinvestments.Hehasauthoredseveralbooksandmorethan130articles,nineofwhichhavereceivedaFinancialAnalystsJournalGrahamandDoddAwardofExcellence.

【作者简介】

MARTINL.LEIBOWITZisamanagingdirectorintheResearchDepartmentofMorganStanley.Forthepriornineyears,heservedasvicechairmanandchiefinvestmentofficerofTIAA-CREF,overseeingover$300billioninassets.Leibowitzhasauthoredseveralbooksandmorethan130articles,tenofwhichhavereceivedaFinancialAnalystsJournalGrahamandDoddAwardofExcellence.HewastherecipientofAIMR’sNicholasMolodovskyAwardin1995andtheJamesR.VertinAwardin1998.In1995,hereceivedtheDistinguishedPublicServiceAwardfromthePublicSecuritiesAssociationandbecamethefirstinducteeintotheFixedIncomeAnalystsSociety’sHallofFame.LeibowitzisavicechairofboththeCarnegieCorporationandtheInstituteforAdvancedStudyatPrinceton.HeholdsanABandanMSfromtheUniversityofChicagoandaPhDinmathematicsfromtheCourantInstituteofNewYorkUniversity.