479:
76:
461:, "and to explore what can go wrong". Here, in general, modellers "use point values and simple arithmetic instead of probability distributions and statistical measures" — i.e., as mentioned, the problems are treated as deterministic in nature — and thus calculate a single value for the asset or project, but without providing information on the range, variance and sensitivity of outcomes; see
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In the philosophy of financial modeling, scholars have more recently begun to question the generally-held assumption that financial modelers seek to represent any "real-world" or actually ongoing investment situation. Instead, it has been suggested that the task of the financial modeler resides in
58:
Typically, then, financial modeling is understood to mean an exercise in either asset pricing or corporate finance, of a quantitative nature. It is about translating a set of hypotheses about the behavior of markets or agents into numerical predictions. At the same time, "financial modeling" is a
1055:-sponsored ModelOff Financial Modeling World Championships were held annually from 2012 to 2019, with competitions throughout the year and a finals championship in New York or London. After its end in 2020, several other modeling championships have been started, including the
933:, are often preferred, particularly where stability or speed is a concern. MATLAB is often used at the research or prototyping stage because of its intuitive programming, graphical and debugging tools, but C++/Fortran are preferred for conceptually simple but
988:
by several years) emphasizes the differences between the mathematical and physical sciences, and finance, and the resultant caution to be applied by modelers, and by traders and risk managers using their models. Notable here are
1119:
840:
469:
concepts amongst modelers, with the result that their models are often poorly structured, and difficult to maintain. Serious criticism is also directed at the nature of budgeting, and its impact on the organization.
457:.) What is required, but often lacking, is that all key elements are explicitly and consistently forecasted. Related to this, is that modellers often additionally "fail to identify crucial assumptions" relating to
3102:
2466:
1705:
3095:
1559:. In G. Siemens & C. Fulford (Eds.), Proceedings of World Conference on Educational Multimedia, Hypermedia and Telecommunications 2009 (pp. 151-159). Chesapeake, VA: AACE.
3088:
433:, often inhere "unrealistic implicit assumptions" and "internal inconsistencies". (For example, a forecast for growth in revenue but without corresponding increases in
2187:
1618:
1079:
demonstrating the possibility of a transaction in a prospective investment scenario, from a limited base of possibility conditions initially assumed in the model.
1614:
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402:-based; this is largely since the models are almost always company-specific. Also, analysts will each have their own criteria and methods for financial modeling.
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in order that the government department can understand and if necessary challenge the pricing principles which underlie a bidder's costs. E.g.
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Philosophy of financial modeling is a branch of philosophy concerned with the foundations, methods, and implications of modeling science.
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1800:
344:. For discussion of the issues that may arise, see below; for discussion as to more sophisticated approaches sometimes employed, see
302:, calculations and outputs are monthly, quarterly or annual; secondly, the inputs take the form of "assumptions", where the analyst
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with (optional) coursework in "financial modeling". Accounting qualifications and finance certifications such as the
2310:
Financial
Modeling and Analysis: A Spreadsheet Technique for Financial, Investment, and Risk Management, 2nd Edition
59:
general term that means different things to different users; the reference usually relates either to accounting and
3737:
3727:
3502:
1240:
Schaum's quick guide to business formulas: 201 decision-making tools for business, finance, and accounting students
820:
773:
383:
are offered, both through universities and privately. For the components and steps of business modeling here, see
287:
183:
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designed to represent (a simplified version of) the performance of a financial asset or portfolio of a business,
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3317:
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1722:
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is the subject of ongoing research by finance academics, and is a topic of great, and growing, interest in the
812:
611:
559:
502:. Models here deal with asset prices, market movements, portfolio returns and the like. A general distinction
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generally do not provide direct or explicit training in modeling. At the same time, numerous commercial
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in the 1990s. Spreadsheet-based modelling can have its own problems, and several standardizations and "
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1557:
Knowledge Gap? Accounting
Practitioners Lacking Computer Programming Concepts as Essential Knowledge
106:; usually the preparation of detailed company-specific models used for decision making purposes and
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1994:
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48:
40:
1308:
2371:
Building
Financial Models with Microsoft Excel: A Guide for Business Professionals, 2nd Edition
1051:
Several financial modeling competitions exist, emphasizing speed and accuracy in modeling. The
957:, or whether existing products are to be deployed, will depend on the problem in question. See
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2811:
Derivatives
Analytics with Python: Data Analysis, Models, Simulation, Calibration and Hedging
1019:). In fact, these may go so far as to question the "empirical and scientific validity... of
332:, etc....). Correspondingly, both characteristics are reflected (at least implicitly) in the
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3452:
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2352:
Financial
Modeling and Valuation: A Practical Guide to Investment Banking and Private Equity
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disclosure of a financial model is often requested by purchasing organizations undertaking
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3235:
3207:
3151:
3024:
2440:
Mastering
Financial Modeling: A Professional's Guide to Building Financial Models in Excel
2048:
1755:
1665:"Canonical vine copulas in the context of modern portfolio management: Are they worth it?"
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Valuation using discounted cash flows § Determine cash flow for each forecast period
937:
where MATLAB is too slow; Python is increasingly used due to its simplicity, and large
506:: (i) "quantitative asset pricing", models of the returns of different stocks; (ii) "
478:
3601:
3512:
2608:
1311:, UKFTT EA_2010_0073, paragraph 58, decided 20 September 2010, accessed 11 January 2024
1099:
1011:
techniques usually applied to finance are at all appropriate (see the assumptions made
990:
747:
442:
226:
2417:
The
Essentials of Financial Modeling in Excel: A Concise Guide to Concepts and Methods
3716:
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1968:
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341:
337:
307:
208:
2394:
Financial
Modelling in Practice: A Concise Guide for Intermediate and Advanced Level
1638:"Enhancing mean–variance portfolio selection by modeling distributional asymmetries"
949:. Additionally, for many (of the standard) derivative and portfolio applications,
886:. Alternatively, or in addition to their quantitative background, they complete a
298:
To generalize as to the nature of these models: firstly, as they are built around
75:
3459:
3307:
3292:
3166:
1998:
1789:
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1683:
1656:
1154:
994:
909:
Although spreadsheets are widely used here also (almost always requiring extensive
764:
643:
438:
415:
279:
3021:
Long-Term
Portfolio Simulation - For XVA, Limits, Liquidity and Regulatory Capital
1862:
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329:
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2876:
Financial
Modelling: Theory, Implementation and Practice with MATLAB Source
2613:
Interest Rate Models - Theory and Practice with Smile, Inflation and Credit
1543:
Probabilistic Approaches: Scenario Analysis, Decision Trees and Simulations
1427:
306:
the values that will apply in each period for external / global variables (
2918:
Computational Finance: Numerical Methods for Pricing Financial Instruments
1447:
Krishna G. Palepu; Paul M. Healy; Erik Peek; Victor Lewis Bernard (2007).
3447:
3342:
3327:
2502:
1771:
1393:
Valuing Companies by Cash Flow Discounting: Ten Methods and Nine Theories
1120:
Financial models with long-tailed distributions and volatility clustering
946:
841:
Financial models with long-tailed distributions and volatility clustering
751:
2068:
Spreadsheet Applications to securities valuation and investment theories
1556:
1165:
Unreasonable ineffectiveness of mathematics § Economics and finance
363:, as "number crunchers"). Typically, the modeler will have completed an
3277:
2333:
Business Analysis and Valuation Using Financial Statements, 5th Edition
918:
867:
503:
152:
52:
44:
2499:
Principles of Cash Flow Valuation: An Integrated Market-Based Approach
1718:
1569:
510:", models of the price or returns of derivative securities; (iii) "
441:
and the associated financing, may imbed unrealistic assumptions about
3044:
Risk and Financial Management: Mathematical and Computational Methods
930:
759:
144:
959:
Quantitative analysis (finance) § Library quantitative analysis
518:, high-frequency trading, algorithmic trading, and program trading.
2704:
Financial Modeling of the Equity Market: From CAPM to Cointegration
1587:
1392:
1262:§39 "Corporate Planning Models". See also, §294 "Simulation Model".
914:
463:
Valuation using discounted cash flows § Determine equity value
3176:
1524:
964:
The complexity of these models may result in incorrect pricing or
859:
477:
325:
74:
2681:
Valuation of fixed income securities and derivatives, 3rd Edition
2026:
Financial Analysis and Modeling Using Excel and VBA, 2nd Edition
1237:
Joel G. Siegel; Jae K. Shim; Stephen Hartman (1 November 1997).
723:
715:
465:. A further, more general critique relates to the lack of basic
3084:
3002:
Modern Computational Finance: Scripting for Derivatives and xVA
1395:, Pablo Fernandez: University of Navarra - IESE Business School
2746:
Implementing Models in Quantitative Finance: Methods and Cases
953:
is available, and the choice as to whether the model is to be
602:
364:
311:
2702:
Fabozzi, Frank J.; Sergio M. Focardi; Petter N. Kolm (2004).
1309:
Department for Works and Pensions v. Information Commissioner
1481:
Richard A. Brealey; Stewart C. Myers; Brattle Group (2003).
3061:
Humphrey Tung; Donny Lai; Michael Wong; Stephen Ng (2010).
455:
Sustainable growth rate § From a financial perspective
2769:
The Complete Guide to Option Pricing Formulas, 2nd edition
1663:
Low, R.K.Y.; Alcock, J.; Faff, R.; Brailsford, T. (2013).
823:. The general nature of these problems is discussed under
2899:
Mathematical Models of Financial Derivatives, 2nd edition
2851:
Jondeau, Eric; Ser-Huang Poon; Michael Rockinger (2007).
2467:
Institute of Chartered Accountants in England & Wales
2045:
Microsoft Excel 2013 Data Analysis and Business Modeling
1205:"The Role of Analysts' Forecasts in the Momentum Effect"
862:
level) backgrounds in quantitative disciplines such as
406:
now has by far the dominant position, having overtaken
854:
Modellers are generally referred to as "quants", i.e.
486:- usually returned by commercial derivatives software
1406:
Six reasons your spreadsheet is NOT a financial model
3063:
Professional Financial Computing Using Excel and VBA
2979:
Option Pricing Models and Volatility Using Excel-VBA
2792:
Interest Rate Modelling in the Multi-Curve Framework
2579:
Building Financial Derivatives Applications with C++
2249:
Financial Modelling for Project Finance, 2nd Edition
314:
percentage, etc....; may be thought of as the model
3530:
3468:
3316:
3206:
3195:
3122:
2853:
Financial Modeling Under Non-Gaussian Distributions
1846:"On the epistemic contribution of financial models"
1728:), discussing cash position modeled stochastically.
1037:
Financial economics § Challenges and criticism
350:
Financial economics § Corporate finance theory
1919:
2977:Rouah, Fabrice Douglas; Gregory Vainberg (2007).
2830:Advanced modelling in finance using Excel and VBA
398:does exist, the vast proportion of the market is
2197:Mastering Financial Modelling in Microsoft Excel
346:Corporate finance § Quantifying uncertainty
1450:Business analysis and valuation: text and cases
825:Mathematical finance § History: Q versus P
1615:Society for Industrial and Applied Mathematics
3096:
2725:Shayne Fletcher; Christopher Gardner (2010).
890:with a quantitative orientation, such as the
827:, while specific techniques are listed under
141:("what is"; "what if"; "what has to be done")
8:
3000:Antoine Savine and Jesper Andreasen (2018).
2335:. Boston: South-Western College Publishing.
2186:: CS1 maint: multiple names: authors list (
1773:Theory and Practice of Model Risk Management
829:Outline of finance § Mathematical tools
385:Outline of finance § Financial modeling
2497:Tham, Joseph; Ignacio Velez-Pareja (2004).
1589:Corporate Budgeting Is Broken, Let's Fix It
1487:. McGraw-Hill Professional. pp. 223–.
1437:, European Spreadsheet Risks Interest Group
1319:
1317:
1003:. Some go further and question whether the
498:entails the development of a sophisticated
391:for further discussion and considerations.
3697:
3687:
3203:
3103:
3089:
3081:
2744:Fusai, Gianluca; Andrea Roncoroni (2008).
2476:Practical Financial Modelling, 2nd Edition
2331:Palepu, Krishna G.; Paul M. Healy (2012).
2266:Mayes, Timothy R.; Shank, Todd M. (2014).
1814:"How the Finance Gurus Get Risk All Wrong"
1423:
1421:
1212:International Review of Financial Analysis
1140:Modeling and analysis of financial markets
18:Modeling and analysis of financial markets
2289:Peter K Nevitt; Frank J. Fabozzi (2000).
1861:
831:. For further discussion here see also:
653:Structured product design and manufacture
418:is increasingly studied and managed; see
2960:Credit Risk Modeling using Excel and VBA
2293:. Euromoney Institutional Investor PLC.
1738:
1736:
1734:
1453:. Cengage Learning EMEA. pp. 261–.
795:in nature, and models here thus require
2874:Joerg Kienitz; Daniel Wetterau (2012).
2634:Clewlow, Les; Chris Strickland (1998).
2268:Financial Analysis with Microsoft Excel
2221:Financial Modeling in Excel for Dummies
1726:Options, Futures, and Other Derivatives
1636:Low, R.K.Y.; Faff, R.; Aas, K. (2016).
1327:Financial Modeling in Excel for Dummies
1177:
1041:Financial engineering § Criticisms
984:of the discipline (often preceding the
320:), and for internal / company specific
2659:Financial Instrument Pricing Using C++
2224:. John Wiley & Sons. p. 120.
2179:
2028:. Hoboken, NJ: John Wiley & Sons.
2003:The Oxford Guide to Financial Modeling
1897:The Financial Modellers VBA Compendium
1574:, Harvard Management Update, May 2003.
1376:The MiF can offer an edge over the CFA
2828:Jackson, Mary; Mike Staunton (2001).
2070:. John Wiley and Sons Australia Ltd.
1183:
1181:
1150:Pro forma § Financial statements
1033:Mathematical finance § Criticism
7:
2159:Valuations, Mergers and Acquisitions
1812:Nassim Taleb and Benoit Mandelbrot.
1706:Quantifying Corporate Financial Risk
1061:Microsoft Excel Collegiate Challenge
935:high computational-cost applications
906:certificate is increasingly common.
1145:Outline of finance § Education
833:Brownian model of financial markets
743:risk analysis in capital investment
2463:Financial Modelling Special Report
2156:Beech, G. and Thayser, D. (2015).
2135:Introduction to Financial Modeling
2095:The Handbook of Financial Modeling
1324:Fairhurst, Danielle Stein (2022).
1274:"Renewable Energy Financial Model"
521:Relatedly, applications include:
359:" (and are sometimes referred to,
25:
1645:Journal of Economics and Business
1404:Danielle Stein Fairhurst (2009).
733:Corporate finance applications:
512:quantitative portfolio management
425:One critique here, is that model
334:mathematical form of these models
3696:
3686:
2552:Computational Methods in Finance
1973:Encyclopedia of Financial Models
1947:Principles of Finance with Excel
1672:Journal of Banking & Finance
1624:from the original on 2019-03-05.
1608:"Careers in Applied Mathematics"
1571:Why Budgeting Kills Your Company
1520:Spreadsheets: 25 Years in a Cell
1484:Capital investment and valuation
1071:Philosophy of financial modeling
809:numerical differential equations
2958:Löeffler, G; Posch, P. (2011).
2308:Ongkrutaraksa, Worapot (2006).
1850:Journal of Economic Methodology
1790:"History Written By The Losers"
900:Master of Financial Engineering
896:Master of Computational Finance
858:, and typically have advanced (
849:Historical simulation (finance)
664:more generally; see further re
572:Modeling the term structure of
355:Modelers are often designated "
104:financial statement forecasting
3483:Debtor-in-possession financing
2636:Implementing Derivative Models
1684:10.1016/j.jbankfin.2013.02.036
1657:10.1016/j.jeconbus.2016.01.003
1278:Renewables Valuation Institute
892:Master of Quantitative Finance
787:These problems are generally
601:, CVA, as well as the various
336:: firstly, the models are in
192:asset and liability management
1:
3743:Computational fields of study
2727:Financial Modelling in Python
1863:10.1080/1350178X.2023.2172447
1792:, Foreword to Pablo Triana's
1364:University of South Australia
1203:Low, R.K.Y.; Tan, E. (2016).
1115:Financial Modelers' Manifesto
1000:Financial Modelers' Manifesto
666:optimization methods employed
3423:Staggered board of directors
2901:. London: Springer Finance.
2767:Haug, Espen Gaarder (2007).
2218:Fairhurst, Danielle (2022).
1596:, pp. 94-101, November 2001.
1243:. McGraw-Hill Professional.
1130:Integrated business planning
1057:Financial Modeling World Cup
819:) and/or the development of
739:corporate financing activity
197:Financial statement analysis
86:(click to view at full size)
3540:Accretion/dilution analysis
2941:Modeling Derivatives in C++
2314:Pearson Education Australia
1188:Investopedia Staff (2020).
986:financial crisis of 2007–08
927:numerical-analysis software
599:Credit valuation adjustment
55:, or any other investment.
35:is the task of building an
3759:
3503:Leveraged recapitalization
2098:(2nd ed.). New York:
2024:Sengupta, Chandan (2009).
1794:Lecturing Birds How to Fly
1224:10.1016/j.irfa.2016.09.007
894:, or the more specialized
774:Dynamic financial analysis
288:Managerial risk accounting
139:management decision making
130:other valuation approaches
27:Modeling financial systems
3682:
3674:Valuation using multiples
3659:Sum-of-the-parts analysis
3629:Modigliani–Miller theorem
3488:Dividend recapitalization
3303:Secondary market offering
3065:. John Wiley & Sons.
2522:Building Financial Models
2108:10.1007/978-1-4842-6540-6
1704:See David Shimko (2009).
1546:, NYU Stern Working Paper
1330:. John Wiley & Sons.
1301:public sector procurement
1160:Return on modeling effort
741:prediction problems, and
560:interest rate derivatives
293:Public sector procurement
3692:List of investment banks
3607:Free cash flow to equity
3433:Super-majority amendment
3358:Management due diligence
3298:Seasoned equity offering
3046:. John Wiley & Son.
3042:Charles Tapiero (2004).
3019:Alexander Sokol (2014).
2615:(2nd ed.). London:
2350:Pignataro, Paul (2003).
2270:(7th ed.). Boston:
2247:Lynch, Penelope (1997).
1945:Benninga, Simon (2006).
1918:Benninga, Simon (1997).
813:numerical linear algebra
760:IFRS 9 § Impairment
700:"sensitivities" analysis
612:counterparty credit risk
3403:Shareholder rights plan
3393:Post-merger integration
3363:Managerial entrenchment
3333:Contingent value rights
3273:Initial public offering
2939:London, Justin (2004).
2897:Kwok, Yue-Kuen (2008).
2809:Hilpisch, Yves (2015).
2729:. John Wiley and Sons.
2577:Brooks, Robert (2000).
2474:Swan, Jonathan (2008).
2461:Swan, Jonathan (2007).
2438:Soubeiga, Eric (2013).
2369:Proctor, Scott (2009).
2164:Oxford University Press
2043:Winston, Wayne (2014).
2007:Oxford University Press
1951:Oxford University Press
1594:Harvard Business Review
1021:modern financial theory
672:Financial risk modeling
514:", models underpinning
394:Although purpose-built
270:Management accounting:
113:Applications include:
37:abstract representation
3545:Adjusted present value
3408:Special-purpose entity
3246:Direct public offering
3216:At-the-market offering
2962:. Hoboken, NJ: Wiley.
2657:Duffy, Daniel (2004).
2415:Rees, Michael (2023).
2392:Rees, Michael (2008).
2354:. Hoboken, NJ: Wiley.
2195:Day, Alastair (2007).
2133:Bastick, Liam (2020).
1708:. archived 2010-07-17.
943:available applications
770:Actuarial applications
662:Quantitative investing
658:Portfolio optimization
487:
414:" have been proposed.
340:; secondly, they are
276:Profitability analysis
272:Activity-based costing
87:
3560:Conglomerate discount
2943:. New Jersey: Wiley.
2922:Butterworth-Heinemann
2916:Levy, George (2004).
2813:. New Jersey: Wiley.
2661:. New Jersey: Wiley.
2251:. Euromoney Trading.
1605:See discussion here:
1105:Financial engineering
1023:". Notable here are
856:quantitative analysts
640:Jarrow–Turnbull model
545:stochastic volatility
508:financial engineering
481:
219:Transaction analytics
180:Cash flow forecasting
78:
47:situation. This is a
3733:Mathematical finance
3582:Economic value added
3577:Discounted cash flow
2544:Quantitative finance
2092:Avon, Jack. (2021).
1555:Blayney, P. (2009).
1190:"Financial Modeling"
1090:All models are wrong
1063:, also sponsored by
1047:Competitive modeling
1009:statistical modeling
845:Extreme value theory
492:quantitative finance
484:interest rate "tree"
482:Visualization of an
474:Quantitative finance
467:computer programming
300:financial statements
257:Consumer credit risk
251:Credit decisioning:
161:operations budgeting
157:production budgeting
126:discounted cash flow
84:Cash Flow Projection
65:quantitative finance
3167:Senior secured debt
2790:M. Henrard (2014).
2550:Hirsa, Ali (2013).
2520:Tjia, John (2003).
2066:Yip, Henry (2005).
1895:Avon, Jack (2017).
1844:Mebius, A. (2023).
1748:On Becoming a Quant
1568:Loren Gary (2003).
1360:Financial Modelling
1305:First-tier Tribunal
1095:Asset pricing model
951:commercial software
884:operations research
821:optimization models
817:dynamic programming
801:computer simulation
782:investment modeling
735:cash flow analytics
537:volatility surfaces
528:and calculation of
188:treasury management
149:revenue forecasting
63:applications or to
3702:Outline of finance
3614:Market value added
3597:Financial modeling
3555:Business valuation
3478:Debt restructuring
3256:Follow-on offering
3241:Corporate spin-off
3199:(terms/conditions)
3116:investment banking
2312:. Frenchs Forest:
1922:Financial Modeling
1754:2012-01-14 at the
1433:2018-03-29 at the
1411:2010-04-07 at the
1125:Financial planning
1110:Financial forecast
955:developed in-house
837:Martingale pricing
797:complex algorithms
616:regulatory capital
592:) and any related
568:exotic derivatives
564:credit derivatives
500:mathematical model
496:financial modeling
488:
416:"Spreadsheet risk"
118:Business valuation
108:financial analysis
102:typically entails
100:financial modeling
88:
49:mathematical model
43:) of a real world
33:Financial modeling
3738:Corporate finance
3728:Actuarial science
3710:
3709:
3634:Net present value
3619:Minority interest
3550:Associate company
3526:
3525:
3493:Financial sponsor
3413:Special situation
3383:Pre-emption right
3373:Minority discount
3283:Private placement
3182:Subordinated debt
3137:Exchangeable debt
3124:Capital structure
3112:Corporate finance
2820:978-1-119-03799-6
2759:978-3-540-22348-1
2736:978-0-470-74789-6
2694:978-1-883249-25-0
2677:Fabozzi, Frank J.
2626:978-3-540-22149-4
2489:978-0-7506-8647-1
2407:978-0-470-99744-4
2384:978-0-470-48174-5
2300:978-1-85564-791-6
2291:Project Financing
2281:978-1-285-43227-4
2231:978-1-119-84451-8
2210:978-0-273-70806-3
2201:Pearson Education
2173:978-0-585-13223-5
2117:978-1-4842-6540-6
2086:Corporate finance
2016:978-0-19-516962-1
1986:978-1-118-00673-3
1969:Fabozzi, Frank J.
1926:. Cambridge, MA:
1910:978-0-9956-7254-3
1768:Riccardo Rebonato
1634:See for example:
1494:978-0-07-138377-6
1460:978-1-84480-492-4
1391:See for example,
1358:Example course:
1337:978-1-119-84451-8
1271:See for example:
1250:978-0-07-058031-2
1029:Benoit Mandelbrot
997:, authors of the
805:numerical methods
756:Credit scorecards
586:short-rate models
516:automated trading
396:business software
357:financial analyst
166:Capital budgeting
135:Scenario planning
124:- especially via
92:corporate finance
61:corporate finance
16:(Redirected from
3750:
3723:Financial models
3700:
3699:
3690:
3689:
3592:Fairness opinion
3587:Enterprise value
3570:Weighted average
3498:Leveraged buyout
3353:Drag-along right
3251:Equity carve-out
3208:Equity offerings
3204:
3200:
3172:Shareholder loan
3157:Second lien debt
3152:Preferred equity
3132:Convertible debt
3105:
3098:
3091:
3082:
3076:
3057:
3038:
3015:
2996:
2973:
2954:
2935:
2912:
2893:
2870:
2847:
2824:
2805:
2786:
2763:
2750:Springer Finance
2740:
2721:
2698:
2672:
2653:
2630:
2617:Springer Finance
2600:
2573:
2539:
2516:
2493:
2470:
2457:
2434:
2411:
2388:
2365:
2346:
2327:
2304:
2285:
2272:Cengage Learning
2262:
2243:
2214:
2191:
2185:
2177:
2152:
2129:
2081:
2062:
2039:
2020:
1990:
1964:
1941:
1925:
1914:
1901:Begawans Veranda
1876:
1875:
1865:
1841:
1835:
1834:
1832:
1831:
1825:
1819:. Archived from
1818:
1809:
1803:
1783:
1777:
1765:
1759:
1740:
1729:
1717:See for example
1715:
1709:
1702:
1696:
1695:
1678:(8): 3085–3099.
1669:
1660:
1642:
1632:
1626:
1625:
1623:
1612:
1603:
1597:
1581:
1575:
1566:
1560:
1553:
1547:
1538:Aswath Damodaran
1534:
1528:
1512:
1506:
1505:
1503:
1501:
1478:
1472:
1471:
1469:
1467:
1444:
1438:
1425:
1416:
1402:
1396:
1389:
1383:
1382:, June 21, 2015.
1372:
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1263:
1261:
1259:
1257:
1234:
1228:
1227:
1209:
1200:
1194:
1193:
1185:
939:standard library
876:computer science
451:equity financing
381:training courses
184:working capital-
128:, but including
21:
3758:
3757:
3753:
3752:
3751:
3749:
3748:
3747:
3713:
3712:
3711:
3706:
3678:
3654:Stock valuation
3649:Residual income
3565:Cost of capital
3522:
3518:Project finance
3508:High-yield debt
3464:
3443:Tag-along right
3368:Mandatory offer
3338:Control premium
3319:
3312:
3288:Public offering
3236:Bought out deal
3198:
3197:
3191:
3118:
3109:
3079:
3073:
3060:
3054:
3041:
3035:
3018:
3012:
2999:
2993:
2976:
2970:
2957:
2951:
2938:
2932:
2915:
2909:
2896:
2890:
2878:. Hoboken, NJ:
2873:
2867:
2850:
2844:
2827:
2821:
2808:
2802:
2789:
2783:
2766:
2760:
2743:
2737:
2724:
2718:
2706:. Hoboken, NJ:
2701:
2695:
2683:. Hoboken, NJ:
2675:
2669:
2656:
2650:
2633:
2627:
2603:
2597:
2576:
2570:
2549:
2536:
2519:
2513:
2496:
2490:
2480:CIMA Publishing
2473:
2460:
2454:
2437:
2431:
2419:. Hoboken, NJ:
2414:
2408:
2396:. Hoboken, NJ:
2391:
2385:
2373:. Hoboken, NJ:
2368:
2362:
2349:
2343:
2330:
2324:
2307:
2301:
2288:
2282:
2265:
2259:
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2211:
2194:
2178:
2174:
2155:
2149:
2132:
2118:
2091:
2078:
2065:
2059:
2049:Microsoft Press
2042:
2036:
2023:
2017:
1993:
1987:
1975:. Hoboken, NJ:
1967:
1961:
1944:
1938:
1917:
1911:
1894:
1885:
1880:
1879:
1843:
1842:
1838:
1829:
1827:
1823:
1816:
1811:
1810:
1806:
1784:
1780:
1766:
1762:
1756:Wayback Machine
1741:
1732:
1716:
1712:
1703:
1699:
1667:
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1640:
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1629:
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1497:
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1480:
1479:
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1465:
1463:
1461:
1446:
1445:
1441:
1435:Wayback Machine
1426:
1419:
1413:Wayback Machine
1403:
1399:
1390:
1386:
1380:Financial Times
1373:
1369:
1357:
1353:
1338:
1323:
1322:
1315:
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1201:
1197:
1187:
1186:
1179:
1174:
1169:
1085:
1073:
1049:
976:risk management
888:finance masters
476:
435:working capital
404:Microsoft Excel
361:tongue in cheek
284:Whole-life cost
253:Credit analysis
243:Project finance
170:cost of capital
122:stock valuation
73:
28:
23:
22:
15:
12:
11:
5:
3756:
3754:
3746:
3745:
3740:
3735:
3730:
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3715:
3714:
3708:
3707:
3705:
3704:
3694:
3683:
3680:
3679:
3677:
3676:
3671:
3669:Terminal value
3666:
3661:
3656:
3651:
3646:
3641:
3636:
3631:
3626:
3621:
3616:
3611:
3610:
3609:
3602:Free cash flow
3599:
3594:
3589:
3584:
3579:
3574:
3573:
3572:
3562:
3557:
3552:
3547:
3542:
3536:
3534:
3528:
3527:
3524:
3523:
3521:
3520:
3515:
3513:Private equity
3510:
3505:
3500:
3495:
3490:
3485:
3480:
3474:
3472:
3466:
3465:
3463:
3462:
3457:
3456:
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3405:
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3324:
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3305:
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3295:
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3280:
3275:
3270:
3269:
3268:
3258:
3253:
3248:
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3228:
3223:
3218:
3212:
3210:
3201:
3193:
3192:
3190:
3189:
3184:
3179:
3174:
3169:
3164:
3159:
3154:
3149:
3144:
3142:Mezzanine debt
3139:
3134:
3128:
3126:
3120:
3119:
3110:
3108:
3107:
3100:
3093:
3085:
3078:
3077:
3071:
3058:
3052:
3039:
3034:978-1782720959
3033:
3016:
3011:978-1119540786
3010:
2997:
2992:978-0471794646
2991:
2981:. New Jersey:
2974:
2969:978-0470660928
2968:
2955:
2950:978-0471654643
2949:
2936:
2931:978-0750657228
2930:
2913:
2908:978-3540422884
2907:
2894:
2889:978-0470744895
2888:
2871:
2866:978-1849965996
2865:
2848:
2842:
2832:. New Jersey:
2825:
2819:
2806:
2801:978-1137374653
2800:
2787:
2782:978-0071389976
2781:
2764:
2758:
2741:
2735:
2722:
2716:
2699:
2693:
2673:
2668:978-0470855096
2667:
2654:
2648:
2638:. New Jersey:
2631:
2625:
2609:Fabio Mercurio
2605:Brigo, Damiano
2601:
2596:978-1567202878
2595:
2574:
2568:
2541:
2540:
2534:
2517:
2511:
2494:
2488:
2471:
2458:
2453:978-0071808507
2452:
2435:
2430:978-1394157785
2429:
2412:
2406:
2389:
2383:
2366:
2361:978-1118558768
2360:
2347:
2342:978-1111972288
2341:
2328:
2322:
2305:
2299:
2286:
2280:
2263:
2257:
2244:
2230:
2215:
2209:
2192:
2172:
2153:
2148:978-1615470662
2147:
2130:
2116:
2083:
2082:
2076:
2063:
2058:978-0735669130
2057:
2040:
2034:
2021:
2015:
1991:
1985:
1965:
1959:
1942:
1936:
1915:
1909:
1886:
1884:
1881:
1878:
1877:
1836:
1804:
1801:978-0470406755
1778:
1760:
1730:
1710:
1697:
1627:
1598:
1584:Michael Jensen
1576:
1561:
1548:
1529:
1507:
1493:
1473:
1459:
1439:
1417:
1397:
1384:
1367:
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1176:
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1157:
1152:
1147:
1142:
1137:
1132:
1127:
1122:
1117:
1112:
1107:
1102:
1100:Economic model
1097:
1092:
1086:
1084:
1081:
1072:
1069:
1048:
1045:
1017:for portfolios
991:Emanuel Derman
968:or both. This
785:
784:
767:
762:
748:Credit scoring
745:
731:
696:stress testing
669:
655:
650:
605:
596:
574:interest rates
570:
552:
530:their "Greeks"
526:Option pricing
475:
472:
443:asset turnover
412:best practices
308:exchange rates
296:
295:
290:
268:
249:
216:
209:finance leases
203:(including of
201:ratio analysis
194:
177:
176:) calculations
163:
142:
132:
72:
69:
67:applications.
26:
24:
14:
13:
10:
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3:
2:
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3055:
3053:0-470-84908-8
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2843:0-471-49922-6
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2717:0-471-69900-4
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2660:
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2649:0-471-96651-7
2645:
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2618:
2614:
2610:
2606:
2602:
2598:
2592:
2588:
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2580:
2575:
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3293:Rights issue
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2794:. Springer.
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2005:. New York:
2002:
1999:Sang Bin Lee
1972:
1949:. New York:
1946:
1921:
1896:
1888:
1887:
1883:Bibliography
1856:(1): 49–62.
1853:
1849:
1839:
1828:. Retrieved
1821:the original
1807:
1793:
1786:Nassim Taleb
1781:
1772:
1763:
1747:
1725:
1719:this problem
1713:
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1515:Peter Coffee
1510:
1498:. Retrieved
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1464:. Retrieved
1449:
1442:
1415:, fimodo.com
1400:
1387:
1375:
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1354:
1326:
1297:Confidential
1292:
1281:. Retrieved
1277:
1267:
1254:. Retrieved
1239:
1232:
1215:
1211:
1198:
1155:Profit model
1077:
1074:
1050:
1031:. See also
1025:Nassim Taleb
998:
995:Paul Wilmott
980:
969:
963:
945:, including
908:
853:
799:, entailing
786:
765:Real options
752:provisioning
644:Merton model
582:multi-curves
549:multi-curves
520:
495:
489:
458:
439:fixed assets
426:
424:
393:
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321:
315:
303:
297:
168:, including
112:
99:
98:profession,
89:
57:
32:
31:
29:
3418:Squeeze-out
3388:Proxy fight
3318:Mergers and
3231:Bought deal
3162:Senior debt
2773:McGraw-Hill
2526:McGraw-Hill
2444:McGraw-Hill
1723:John Hull's
1500:12 November
1466:12 November
1256:12 November
1135:Model audit
1013:for options
913:); custom
880:mathematics
872:engineering
803:, advanced
680:parametric-
608:Credit risk
556:derivatives
420:model audit
408:Lotus 1-2-3
400:spreadsheet
387:; see also
261:impairment-
80:Spreadsheet
3717:Categories
3664:Tax shield
3624:Mismarking
3428:Stock swap
3378:Pitch book
3348:Divestment
3226:Bookrunner
3147:Pari passu
3025:Risk Books
2855:. London:
2748:. London:
2556:Boca Raton
2478:. London:
2465:. London:
2240:1264716849
2199:. London:
2162:. Oxford:
2077:0470807962
1995:Ho, Thomas
1899:. London:
1830:2010-06-15
1346:1264716849
1283:2023-03-19
1172:References
971:Model risk
864:statistics
793:continuous
789:stochastic
684:historical
504:is between
447:debt level
431:line items
330:unit costs
317:parameters
205:operating-
96:accounting
71:Accounting
3639:Pure play
3532:Valuation
3398:Sell side
3261:Greenshoe
3004:. Wiley.
2560:CRC Press
2182:cite book
2126:227164870
1928:MIT Press
1872:256438018
1692:154138333
1651:: 49–72.
1218:: 67–84.
1065:Microsoft
1053:Microsoft
982:Criticism
807:(such as
712:convexity
682:and / or
648:KMV model
322:variables
304:specifies
267:-modeling
265:provision
153:analytics
145:Budgeting
45:financial
3470:Leverage
3448:Takeover
3343:Demerger
3328:Buy side
2857:Springer
2679:(1998).
2611:(2006).
2583:Westport
2503:Elsevier
2100:Springer
2001:(2004).
1971:(2012).
1770:(N.D.).
1752:Archived
1619:Archived
1586:(2001).
1517:(2004).
1431:Archived
1409:Archived
1083:See also
947:QuantLib
929:such as
708:duration
94:and the
3453:Reverse
3438:Synergy
3278:Pre-IPO
3266:Reverse
3187:Warrant
2587:Praeger
1889:General
1788:(2009).
978:arena.
966:hedging
919:Fortran
868:physics
776:(DFA),
449:and/or
429:, i.e.
427:outputs
223:M&A
213:R&D
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931:MATLAB
923:Python
902:; the
704:Greeks
614:, and
554:Other
539:- via
459:inputs
453:. See
211:, and
172:(i.e.
3177:Stock
2983:Wiley
2880:Wiley
2834:Wiley
2708:Wiley
2685:Wiley
2640:Wiley
2421:Wiley
2398:Wiley
2375:Wiley
2139:Wiley
2122:S2CID
1977:Wiley
1868:S2CID
1824:(PDF)
1817:(PDF)
1688:S2CID
1668:(PDF)
1641:(PDF)
1622:(PDF)
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1525:eWeek
1208:(PDF)
925:, or
860:Ph.D.
778:UIBFM
541:local
326:wages
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1342:OCLC
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716:DV01
688:CVaR
660:and
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373:CIIA
348:and
263:and
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186:and
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