The Theory of Investment Value John Burr Williams
Publisher: Beta Nu Publishing

In the first place,this paper analyzes the traditional methods of investment value and prominently interpret the theory of option games. Williams's dissertation, entitled “The Theory of Investment Value,” did not immediately earn him his doctorate. €�Williams talked about how important dividends are. Less well known is John Burr Williams' The Theory of Investment Value , published in 1938. The theory behind cash value life insurance is that you pay a higher premium, and a portion of your premium is invested in a way that provides you with a return over time. The assessment of enterprises' investment value is the most crucial factor involves venture capital investment. The Theory of Investment Value By John Burr Williams Cambridge, MA: Harvard University Press 1938. 104: They cannot discount the same event twice. "The Theory of Investment Value" is still in print almost seven decades after it was first published, as a serious academic works on valuation, shows you how to calculate intrinsic value and is full of math. That would not be forthcoming until 1940. Theory.” M&M showed that the value of a firm (and of its cash flows) is independent of the ratio of debt to equity used by the firm in financing its investments. The value is usually calculated using discounted cash flow valuation (DCF). This model of corporate financial structure is therefore called the trade-off theory.