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HIGHLIGHTS The chronic riddle in the Nobel Prize winning CAPM, solved Liquidity threat in WACC & NPV, explained EVA's weakness explained; new 'Value Creation Index' introduced Over 100 figures & tables; over 30 authoritative references The next global financial crisis could be only a tick away. Despite more than five decades of worldwide research, the following comments made by the Nobel Prize committee in its scientific background note to the 2013 Prize in Economic Sciences, only confirms that the world continues to sit on a financial time-bomb, and warns of the inevitable imminent disaster. ...we do not yet have complete and generally accepted explanations for how financial markets function... ...we do not yet fully understand how asset prices are determined... ...currently no widely accepted 'consensus (asset pricing) model' exists... Mispricing of assets may contribute to financial crises and, as the recent recession illustrates, such crises can damage the overall economy To put it briefly, this book - based on a ground breaking research - bares and fixes serious, deeply hidden flaws in financial science and shows how the world's most dreaded, chronic and painful illness can be permanently cured. If you have money at stake - whether your own or otherwise - in the ocean of financial assets, take this book as your only lifeline. Do send in your responses and questions to: mudholkar.rajesh@gmail.com Table of contents Introduction One Decade, Three Crises The Hypotheses Anatomy of a Crisis A Fatal Communication Error The Role of 'Beta' in Corporate Finance Breaking The CAPM Mystery From Portfolio Theory to CAPM: A Heuristic Slip? Models Deceive, Cash Flows Don't WACC violates the WYDIWYP Principle If Archimedes Was an Economist Value Centric Capital Budgeting A Word on Pay Back Methods Measuring Value Financial Decision Making Standards

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9781494799519

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Rajesh D. Mudholkar is a certified Management Accountant with over three decades of professional experience. He brings his knowledge, reflections and insights, gained from several years of MNC work as well as teaching finance, quantitative analysis and business research at post-graduate business management programs, into his writings. He has also authored two other books 'Value Erosion' and 'The Entrepreneur's Oath'. Besides teaching Business Management, he is on the editorial board of Anveshak International Journal of Management, and editorial advisor for a publishing firm, 'Intellipi Publishing' and has been a reviewer for Pearson. His research work and publications have been nominated for various national and international awards. He is an alumnus of 'University of Mumbai' and Associate member of ICAI, India's apex statutory body for Cost and Management Accounting. He can be reached at: mudholkar.rajesh@gmail.com

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