Financial Statement Analysis and Security Valuation by Stephen Penman

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.

Stephen Penman is the L.H. Penney Professor of Accounting at the University of California at Berkeley. He received his Ph.D. from the University of Chicago in 1978. He has published extensively in the Journal of Accounting and Economics, the Journal of Accounting Research, and the Contemporary Accounting Research journal. he currently on the editorial board of the Review of Accounting Studies. He is known around the world for his reserch in Financial Accounting.

SKU	Unavailable
ISBN 13	9780073127132
ISBN 10	0073127132
Title	Financial Statement Analysis and Security Valuation
Author	Stephen Penman
Condition	Unavailable
Binding Type	Hardback
Publisher	McGraw-Hill Education - Europe
Year published	2006-01-30
Number of pages	800
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable