Corporate Valuation and Takeover Robert Alan Hill Download free books at R A Hill Corporate Valuation and Takeover Download free eBooks at bookboon.com Corporate Valuation and Takeover © 2011 R A Hill & bookboon.com ISBN 978-87-7681-830-2 Download free eBooks at bookboon.com Corporate Valuation and Takeover Contents Contents About the Author Part I: An Introduction 10 An Overview 11 Introduction 11 1.1 Some Observations on Traditional Finance heory 11 1.2 Some Observations on Stock Market Volatility 12 Summary and Conclusions 15 Selected References 17 Part II: Share Valuation heories 18 How to Value a Share 19 Introduction 19 2.1 he Capitalisation Concept 19 2.2 he Capitalisation of Dividends and Earnings 20 2.3 he Capitalisation of Current Maintainable Yield 23 www.sylvania.com We not reinvent the wheel we reinvent light Fascinating lighting offers an ininite spectrum of possibilities: Innovative technologies and new markets provide both opportunities and challenges An environment in which your expertise is in high demand Enjoy the supportive working atmosphere within our global group and beneit from international career paths Implement sustainable ideas in close cooperation with other specialists and contribute to inluencing our future Come and join us in reinventing light every day Light is OSRAM Download free eBooks at bookboon.com Click on the ad to read more Corporate Valuation and Takeover 2.4 Contents he Capitalisation of Earnings 23 Summary and Conclusions 26 Selected References 27 he Role of Dividend Policy 28 Introduction 28 3.1 he Gordon Growth Model 28 3.2 Gordon’s ‘Bird in the Hand’ Model 31 Summary and Conclusions 34 Selected References 34 Dividend Irrelevancy 35 Introduction 35 4.1 he MM Dividend Irrelevancy Hypothesis 35 4.2 he MM Hypothesis and Shareholder Reaction 37 4.3 he MM Hypothesis: A Corporate Perspective 39 Summary and Conclusions 41 Selected References 42 Part III: A Guide to Stock Market Investment 43 How to Read Stock Exchange Listings 44 360° thinking Discover the truth at www.deloitte.ca/careers © Deloitte & Touche LLP and affiliated entities Download free eBooks at bookboon.com Click on the ad to read more ...R A Hill Corporate Valuation and Takeover Download free eBooks at bookboon.com Corporate Valuation and Takeover © 2011 R A Hill & bookboon.com ISBN 978-87-7681-830-2... specialists and contribute to inluencing our future Come and join us in reinventing light every day Light is OSRAM Download free eBooks at bookboon.com Click on the ad to read more Corporate Valuation and. .. technologies and new markets provide both opportunities and challenges An environment in which your expertise is in high demand Enjoy the supportive working atmosphere within our global group and beneit