Table of Contents
1 Cover
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
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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