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OverviewThe impact of illiquidity examined in unprecedented depth and scope Cost of Illiquidity provides a uniquely comprehensive assessment of the impact of illiquidity on a company's value. While much has been written about the concept, the totality of illiquidity's impact has never been addressed in a practical manner until now. This book delves into the true cost of illiquidity in capital markets, and identifies quantifiable measures for assessment of value and risk. Illiquidity discount calculations are explained step-by-step and examined in relation to discounts for lack of control and lack of marketability, and the relationship between liquidity, cost of capital, and equity risk premium is reviewed in detail. An historical liquidity profile of the U.S. Stock Market surveys the value impact, while issues specific to markets from the European Union to developing countries are examined and addressed. With an emphasis on practical application, this book also includes data resources, a statistical analysis review, definitions, measurements, costs, and more to help you apply illiquidity calculations in real-world valuations. The cost of illiquidity is a critical element in investing and trading in capital markets, and it involves a number of controversial issues. This book addresses these issues and provides practical knowledge for finance professionals seeking a more comprehensive assessment of a company's value. * Quantify illiquidity as part of a business valuation * Address illiquidity as a major factor is risk assessment * Estimate the impact of illiquidity on stock value * Apply illiquidity issues to markets around the globe Illiquidity is a significantly greater factor in stock value and business and asset valuations than previously thought, and its role in contemporary Wall Street and banking issues makes it an area of critical concern. Cost of Illiquidity is an invaluable resource with timely solutions for any finance professional. Full Product DetailsAuthor: Shannon P. Pratt , Ashok AbbottPublisher: John Wiley & Sons Inc Imprint: John Wiley & Sons Inc ISBN: 9781118571989ISBN 10: 1118571983 Pages: 368 Publication Date: 12 July 2013 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Not yet available This item is yet to be released. You can pre-order this item and we will dispatch it to you upon its release. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |