Financial Statement Analysis and Security Valuation by Stephen Penman

Financial Statement Analysis and Security Valuation by Stephen Penman

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Résumé

Describes valuation as an exercise in financial statement analysis. This book takes an activist approach to investing, showing how the analyst challenges the market price of a share by analyzing the fundamentals. It helps students to carry out the appropriate financial statement analysis to value the firm's debt and equity.

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Financial Statement Analysis and Security Valuation by Stephen Penman

This book describes valuation as an exercise in financial statement analysis. Students learn to view a firm through its financial statements and to carry out the appropriate financial statement analysis to value the firm's debt and equity. The book takes an activist approach to investing, showing how the analyst challenges the current market price of a share by analyzing the fundamentals. With a careful assessment of accounting quality, accounting comes to life as it is integrated with the modern theory of finance to develop practical analysis and valuation tools for active investing.
The George O. May Professor and the Morgan Stanley Research Scholar in the Graduate School of Business, Columbia University. He also serves as co-director of Columbia's Center for Excellence in Accounting and Security Analysis. Prior to his appointment at Columbia in 1999, Stephen Penman was the L.H. Penny Professor in the Walter A. Haas School of Business at the University of California at Berkeley. From 1990-95 he served a Chairman of the Professional Accounting Program and Chairman of the Accounting Faculty at Berkeley. He also initiated and chaired Berkeley's Annual Conference on Financial Reporting. He has served as a Visiting Professor at Columbia University and the London Business School of Economic. Professor Penman received a first-class honors degree in Commerce from the University of Queensland, Australia, and M.B.A. and Ph.D. degrees from the University of Chicago.
SKU Non disponible
ISBN 13 9780071254328
ISBN 10 0071254323
Titre Financial Statement Analysis and Security Valuation
Auteur Stephen Penman
État Non disponible
Type de reliure Paperback
Éditeur McGraw-Hill Education - Europe
Année de publication 2007-06-16
Nombre de pages 800
Note de couverture La photo du livre est présentée à titre d'illustration uniquement. La reliure, la couverture ou l'édition réelle peuvent varier.
Note Non disponible