Equity Markets, Valuation, and Analysis. H. Kent Baker

      

      Table of Contents

      1  Cover

      2  Acknowledgments

      3  About the Editors

      4  About the Chapter Authors

      5  CHAPTER 1: Equity Markets, Valuation, and Analysis: An Overview INTRODUCTION ABOUT THIS BOOK STRUCTURE OF THE BOOK SUMMARY AND CONCLUSIONS REFERENCES

      6  PART One: Background CHAPTER 2: Ownership Structure and Stock Classes INTRODUCTION SINGLE-CLASS COMMON EQUITY DUAL-CLASS COMMON EQUITY SUMMARY AND CONCLUSIONS DISCUSSION QUESTIONS REFERENCES CHAPTER 3: Equity Markets and Performance INTRODUCTION THE EQUITY MARKET AND THE ECONOMY MARKET INDICATORS GOOD MARKETS – LIQUIDITY GOOD MARKETS – EFFICIENCY INFORMATION DISCLOSURE ENFORCEMENT MONETARY POLICIES INVESTMENTS: COMPARATIVE RISK AND RETURN STOCKS VERSUS BONDS: THE ISSUER'S PERSPECTIVE SUMMARY AND CONCLUSIONS DISCUSSION QUESTIONS REFERENCES CHAPTER 4: Securities Regulation INTRODUCTION TRADING RULES AND RULES PERTAINING TO BROKER-DEALER CONDUCT SURVEILLANCE ENFORCEMENT IMPACT OF TRADING RULES AND SURVEILLANCE ON CORPORATE OUTCOMES SUMMARY AND CONCLUSIONS DISCUSSION QUESTIONS REFERENCES CHAPTER 5: Investor Psychology and Equity Market Anomalies INTRODUCTION INVESTOR PSYCHOLOGY: BOUNDED RATIONALITY INVESTOR PSYCHOLOGY: PROSPECT THEORY EQUITY MARKET ANOMALIES: VIOLATIONS OF THE EMH SUMMARY AND CONCLUSIONS DISCUSSION QUESTIONS REFERENCES

      7  PART Two: Valuation and Analysis CHAPTER 6: Financial Statement Analysis and Forecasting INTRODUCTION BACKGROUND TECHNICAL ANALYSIS–BASED FORECASTING TIME SERIES–BASED FORECASTING FUNDAMENTAL ANALYSIS–BASED FORECASTING PROCESS OF ANALYZING FINANCIAL STATEMENTS EVIDENCE ON THE USEFULNESS OF FINANCIAL STATEMENT ANALYSIS SECURITY ANALYSTS AND FINANCIAL STATEMENT ANALYSIS LIMITATIONS OF USING FINANCIAL STATEMENT ANALYSIS IN FORECASTING SUMMARY AND CONCLUSION DISCUSSION QUESTIONS REFERENCES CHAPTER 7: Fundamentals of Equity Valuation INTRODUCTION WHAT IS EQUITY VALUATION? FREE CASH FLOW–BASED VALUATION DIVIDEND-BASED VALUATION MARKET-BASED VALUATION: MULTIPLES AND RATIOS MODELING THE REQUIRED ASSET RETURN OPTION THEORY–BASED VALUATION SUMMARY AND CONCLUSIONS DISCUSSION QUESTIONS REFERENCES CHAPTER