Search results for "Valuation"
showing 10 items of 2494 documents
Valutazione e feedback: la competenza docimologica come competenza comunicativa. Una ricerca con i docenti della scuola secondaria
2021
La competenza docimologica degli insegnanti costituisce uno dei perni dell’azione didattica allorché essa può costituire, di fatto, una molla per la promozione dell’apprendimento, dell’autonomia e del successo formativo di ogni alunno. Il feedback, inteso come strumento privilegiato nell’esercizio della prassi valutativa, offre l’opportunità di valorizzare la singolarità dei percorsi di ogni studente intelaiando interazioni comunicative volte alla co-costruzione di conoscenza. La competenza docimologica degli insegnanti assume, pertanto, i connotati della competenza comunicativa, la quale sostanzia e orienta le scelte valutative diversificando registri linguistici e scelte degli strumenti d…
Psicología ambiental y ecopsicología en edad evolutiva: aspectos cognitivos, afectivos y relacionales
2020
Ecopsicología y psicología ambiental estudian la relación individuo-medio ambiente, poniendo de relieve los efectos beneficiosos que el contacto con la naturaleza puede generar en los sujetos a nivel cognoscitivo, afectivo, individual y relacional.Los objetivos que la investigación se ha propuesto conseguir son: explorar las relaciones y vivencias que los niños tienen con respecto a las plantas, espacios abiertos naturales y animales; desarrollar el sentido de pertenencia al territorio; evaluar la percepción del grado de conexión con la naturaleza; evaluar si el contacto con la naturaleza modifique y facilite procesos de aprendizaje, modalidades relacionales; ofrecer un espacio lúdico recre…
Scrotal Masses
2009
No abstract available
Equity valuation in practice: The influence of net financial expenses
2014
Abstract This study investigates the relevance of net financial expenses with respect to equity valuation in an IFRS accounting regime. According to the residual earnings valuation model, income related to balance sheet items that are recorded at fair value is not applicable for valuation purposes. There are no residual earnings associated with these items because the balance sheet provides ‘perfect’ value estimates for the items in question. In accordance with the contention that under IFRS, aggregate net financial liabilities are recorded at a book value that is close to fair value, this study demonstrates that net financial expenses are not associated with the market prices of stocks. Th…
Venture Capitalists’ Appraisal of Investment Projects: An Empirical European Study
1997
The Investment appraisal and valuation process of venture capitalists includes Information gathering, the assessment of risk and required return, and the choice of a valuation method. This process is empirically studied in the United Kingdom, the Netherlands, Belgium, and France. The Importance of different information sources is equal in the four countries, except that the French venture capitalists Place more emphasis on personal references and the track record of the entrepreneur. The required return is lowest in the Netherlands and Belgium for every development stage of a company, and highest in the UK. The most widely used valuation method in the UK is the multiplication of past or fu…
Extreme value theory versus traditional GARCH approaches applied to financial data: a comparative evaluation
2013
Although stock prices fluctuate, the variations are relatively small and are frequently assumed to be normally distributed on a large time scale. But sometimes these fluctuations can become determinant, especially when unforeseen large drops in asset prices are observed that could result in huge losses or even in market crashes. The evidence shows that these events happen far more often than would be expected under the generalised assumption of normally distributed financial returns. Thus it is crucial to model distribution tails properly so as to be able to predict the frequency and magnitude of extreme stock price returns. In this paper we follow the approach suggested by McNeil and Frey …
Application of Operator Splitting Methods in Finance
2016
Financial derivatives pricing aims to find the fair value of a financial contract on an underlying asset. Here we consider option pricing in the partial differential equations framework. The contemporary models lead to one-dimensional or multidimensional parabolic problems of the convection-diffusion type and generalizations thereof. An overview of various operator splitting methods is presented for the efficient numerical solution of these problems.
Valuing Common and Preferred Shares in Venture Capital Financing
2012
Abstract This article compares five different methodologies to value common and preferred shares with liquidation rights in a single-period setup of venture capital financing: the venture capital (VC) method; discounted cash-flow valuation with the Capital Asset Pricing Model (CAPM); discounted cash-flow valuation with market model in logs; a risk-preference-based approach; and the real options approach. The risk preference and the real option methodologies are the only ones that can properly account for the contingency in preferred stock. With small financings and small multiples the choice of methodology is not critical; however, with stronger preference rights, the VC method, the CAPM, a…
Venture capitalists, investment appraisal and accounting information: a comparative study of the USA, UK, France, Belgium and Holland
2000
The differences between the information used for the pre-investment valuation and the valuation methods used by venture capital investors in five countries (USA, UK, France, Belgium and Holland) are empirically studied. The analysis is based on postal questionnaire surveys of representative samples of senior venture capitalists in each country. Differences are found, which may be attributed to the dominant corporate governance mechanism or the level of development of the venture capital market. Between-country differences persist even after taking into account between-country differences in the relative importance of investment stages and venture capital types. Apparently similar systems an…
Operational and financial effectiveness of e-collaboration tools in supply chain integration
2004
This paper develops a comprehensive model of supply chain integration and uses it to analyze and assess the operational and financial effectiveness of different e-collaboration tools at various levels of supply chain integration. This model is also used to evaluate the importance of the sequence in which e-collaboration tools are adopted in supply chain integration. Computational results from a validated system dynamics simulation model with different implementation sequences of e-collaboration tools and different financial scenarios show that local financial constraints can also severely impact operational and financial performance of the entire supply chain. (C) 2003 Elsevier B.V. All rig…