Value Determination: Valuation Models and Financial Information Disclosure

Author: [UK] Richard Barker / Tao Changgao / Xiao Jianhua / Wang Xiaoling
Publisher:
Publish Date: 2005-06-01
Features: "Mr. Richard Barker has contributed a highly readable book for beginners and professionals, with its main features being the breadth of content, vivid examples, and clarity of argumentation. The authors closely integrate financial theory with accounting practice for analysis, providing an insightful analytical framework for market analysts and students of financial and financial accounting. David Twomey (Chairman of the International Accounting Committee) "This book offers a relatively clear analysis of recent research on the application of financial accounting information in evaluating corporate performance, making it a must-read for financial analysts, students of financial accounting, and other professionals applying accounting knowledge." Professor Goff Whittington (Professor of Financial Accounting at PricewaterhouseCoopers, University of Cambridge) "In recent years, the experiences summarized in the stock market have prompted investors to re-examine pricing techniques and re-evaluate value, as well as the many issues surrounding value drivers and the application of accounting information. This book excels in these areas and is rich in information, making it an extremely valuable read for both students and practitioners." Steven Cope (Chair of the Stock Pricing and Accounting Research Institute at UBS Research) "Mr. Richard Barker's unique contribution lies in clearly and concisely explaining several key concepts in the pricing problem, as well as providing a clear analysis of some basic elements in pricing models and the application of financial statement data." Professor Morry Mark Nicolais (Professor at the Graduate School of Business at Stanford University) "In the field of financial accounting, I believe the writing of this book is a very unique creative process. Mr. Richard Barker's content is very broad and important, with strong practicality and originality." Professor David Madelton (Professor at Cranfield School of Management) This book is primarily concerned with financial markets, i.e., the methods for measuring corporate value. Some valuation methods often appear in broker reports or financial publications, such as price-to-earnings ratio, dividend yield, and economic value added. This book focuses on some basic methods of corporate pricing in the financial and financial markets and builds a bridge on two fundamental aspects: , emphasizing the pricing models such as price-to-earnings ratio, cash discount model, and economic value added model; second, analyzing the quality and applicability of the use of financial statement data in pricing models. This book is suitable for market analysts to study, as well as students of financial accounting, and can also be used as a key reference for MBA students and those preparing for financial accounting professional exams.