Stephen H.Penman，哥伦比亚大学商学院George O.May教授和摩根士丹利研究学者，《会计研究评论》(Review of Accounting Studies)主编。研究领域为权益定价及会计信息在证券分析中的应用，1991年获得美国会计学会和美国注册会计师协会颁发的会计研究杰出贡献奖，2001年因本书获得美国会计学会和德勤颁发的Wildman奖。
目录
· · · · · ·
List of Cases
List of Accounting Clinics
Chapter 1 Introduction to Investing and Valuation
Investment Styles and Fundamental Analysis
Bubble, Bubble
The Setting: Investors, Firms, Securities, and Capital Markets
· · · · · ·
(更多)
List of Cases
List of Accounting Clinics
Chapter 1 Introduction to Investing and Valuation
Investment Styles and Fundamental Analysis
Bubble, Bubble
The Setting: Investors, Firms, Securities, and Capital Markets
The Business of Analysis: The Professional Analyst
The Analysis of Business
Choosing a Valuation Technology
How to Use this Book
The Web Connection
Key Concepts
A Continuing Case: Kimberly-Clark Corporation
Concept Questions
Exercises
Minicase
Chapter 2 Introduction to the Financial Statements
PART ONE FINANCIAL STATEMENTS AND VALUATION
Chapter 3 How Financial Statements Are Used in Valuation
Chapter 4 Cash Accounting,Accrual Accounting,and Discounted Cash Flow Valuation
Chapter 5 Accrual Accounting and Valuation:Pricing Book Values
Chapter 6 Accrual Accounting and Valuation:Pricing Earnings
PART TWO THE ANALYSIS OF FINANCIAL STATEMENTS
Chapter 7 Business Activities and Financial Statements
Chapter 8 The Analysis of the Statement of ShareholdersEquity
Chapter 9 The Analysis of the Balance Sheet and Income Statement
Chapter 10 The Analysis of the Cash Flow Statement
Chapter 11 The Analysis of Profitability
Chapter 12 The Analysis of Growth and Sustainable Earnings
PART THREE FORECASTING AND VALUATION ANALYSIS
Chapter 13 The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios
Chapter 14 Simple Forecasting and Simple Valuation
Chapter 15 Full-Information Forecasting,Valuation,and Business Strategy Analysis
PART FOUR ACCOUNTING ANALYSIS AND VALUATION
Chapter 16 Creating Accounting Value and Economic Value
Chapter 17 Analysis of the Quality of Financial Statements
PART FIVE THE ANALYSIS OF RISK
Chapter 18 The Analysis of Equity Risk and the Cost of Capital
Chapter 19 The Analysis of Credit Risk
Appendix
A Summary of Formulas
Index
· · · · · · (收起)
原文摘录
· · · · · ·
Asset pricing models yield the required return(the cost of capital),not the value of an asset....
The CAPM is a beta technology,and Valuation models, on the other hand, is an alpha technology.
Valuation models show how,giving a required return from an asset pricing model, the asset pricing is completed.
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1 有用 C 2012-01-21 14:01:04
这本不错……
1 有用 爱乐小熊 2012-05-24 09:14:46
读的是英文改编版，难得的能将财务报表分析与证券估值建模紧密结合起来的好书！
0 有用 paper 2009-10-18 11:39:03
一本很体现作者思想的书，非常注重对于会计勾稽关系的理解，也正因此，不太适合作为教材（尤其是MBA和MPACC）。当然，可以利用该书的框架
0 有用 糯米糊了 2011-05-08 18:43:27
其实都不好意思说读过，就记录下
0 有用 水淼潭 2012-06-16 10:08:09
英文教材真的比较好懂...
0 有用 水淼潭 2012-06-16 10:08:09
英文教材真的比较好懂...
1 有用 爱乐小熊 2012-05-24 09:14:46
读的是英文改编版，难得的能将财务报表分析与证券估值建模紧密结合起来的好书！
1 有用 C 2012-01-21 14:01:04
这本不错……
0 有用 糯米糊了 2011-05-08 18:43:27
其实都不好意思说读过，就记录下
0 有用 paper 2009-10-18 11:39:03
一本很体现作者思想的书，非常注重对于会计勾稽关系的理解，也正因此，不太适合作为教材（尤其是MBA和MPACC）。当然，可以利用该书的框架