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Ignacio Velez-Pareja

Personal Details

First Name:Ignacio
Middle Name:
Last Name:Velez-Pareja
Suffix:
RePEc Short-ID:pve77
http://cashflow88.com/decisiones/decisiones.html
Terminal Degree:1968 (from RePEc Genealogy)

Affiliation

Master Consultores

http://www.cashflow88.com/decisiones/decisiones.html
Cartagena, Colombia

Research output

as
Jump to: Working papers Articles Chapters Books

Working papers

  1. Rauf Ibragimov, Ignacio Velez-Pareja, Joseph Tham & Ignacio Vélez-Pareja & Joseph Tham, 2013. "EVA Performance Measurement is Faulty: So You May Be Persuaded to Switch to a Robust OEVA-TEVA Alternative," Proyecciones Financieras y Valoración 10721, Master Consultores.
  2. Rauf Ibragimov, Ignacio Velez-Pareja, Joseph Tham & Ignacio Vélez-Pareja & Joseph Tham, 2013. "Mejora de la Medición del Desempeno con el VEA (EVA) Operativo Y Total (Sharpening Performance Measurement with the Operating and Total EVA)," Proyecciones Financieras y Valoración 10720, Master Consultores.
  3. Ignacio Vélez-Pareja, 2013. "Cost of Capital and Cash Flows for SMEs," Proyecciones Financieras y Valoración 10983, Master Consultores.
  4. Ignacio Vélez-Pareja, 2013. "Costo De Capital Y Flujos De Caja Para Pymes," Proyecciones Financieras y Valoración 10987, Master Consultores.
  5. Ignacio Velez-Pareja, Pedro Fabián Castilla Ávila & Pedro F. Castilla, 2012. "Optimal Portfolio Selection: A Note with a VBA Solution," Proyecciones Financieras y Valoración 10723, Master Consultores.
  6. Ignacio Velez Pareja & Joseph Tham, 2012. "Estimación Flujos de Caja Para Evaluación de Proyectos y Valoración de Empresas," Proyecciones Financieras y Valoración 9308, Master Consultores.
  7. Ignacio Velez Pareja & Joseph Tham, 2012. "Mas Alla de Las Proyecciones: El valor Terminal," Proyecciones Financieras y Valoración 9309, Master Consultores.
  8. Rauf Ibragimov & Ignacio Velez Pareja & Jospeh Tham, 2012. "Value Added to Invested Capital (VAIC): New Financial Performance Metric and Valuation Tool," Proyecciones Financieras y Valoración 9600, Master Consultores.
  9. Ignacio Velez Pareja & Joseph Tham, 2012. "Una Introducción Al Costo De Capital," Proyecciones Financieras y Valoración 9307, Master Consultores.
  10. Ignacio Velez-Pareja, Felipe Mejia-Pelaez, James W. Kolari & Felipe Mejia-Pelaez & James W. Kolari, 2012. "Blind Man's Buff: On the Search of the Optimal Capital Structure," Proyecciones Financieras y Valoración 10722, Master Consultores.
  11. Ignacio Vélez & Ricardo Dávila, 2011. "Break-Even Analysis and Operating Leverage (Análisis De Punto De Equilibrio Y Apalancamiento Operativo - in Spanish)," Proyecciones Financieras y Valoración 8052, Master Consultores.
  12. Ignacio Vélez & Ricardo Dávila, 2011. "Relationships with Shareholders and Creditors Financial Leverage (Relaciones con Accionistas y Acreedores. Apalancamiento Financiero) (Spanish)," Proyecciones Financieras y Valoración 8051, Master Consultores.
  13. Rafael Yesid Salas Perez & Juan David Gutierrez & Ignacio Velez Pareja, 2011. "Valor De Los Ahorros En Impuestos Por Deuda En Colombia: Un Estudio Empírico," Proyecciones Financieras y Valoración 9263, Master Consultores.
  14. Ignacio Velez Pareja, 2011. "Ranking Investments with Internal Rate of Return and Benefit - Cost Ratio: A Revision," Proyecciones Financieras y Valoración 7875, Master Consultores.
  15. Ignacio Vélez Pareja & Felipe Mejia-Pelaez & James W. Kolari, 2011. "Optimal Capital Structure for Finite Cash Flows," Proyecciones Financieras y Valoración 8229, Master Consultores.
  16. Ignacio Vélez & Ricardo Dávila, 2011. "Working Capital Management and Financial Planning (Administración del Capital de Trabajo y Planeación Financiera) (Spanish)," Proyecciones Financieras y Valoración 8049, Master Consultores.
  17. Ignacio Vélez & Ricardo Dávila, 2011. "Introduction to Financial Management (Introducción a la Gerencia Financiera) (Spanish)," Proyecciones Financieras y Valoración 8050, Master Consultores.
  18. Joseph Tham & Ignacio Velez Pareja & James Kolari, 2011. "Analytical Solution for Optimal Capital Structure in Perpetuities," Proyecciones Financieras y Valoración 7857, Master Consultores.
  19. Ignacio Vélez & Ricardo Dávila, 2011. "Herramientas de Proyecciones y Proyecciones de los Estados Financieros," Proyecciones Financieras y Valoración 8047, Master Consultores.
  20. Felipe Mejía & Ignacio Velez Pareja, 2010. "Cost of Capital, Cost of Equity and Value Without Circularity for Constant Growth Perpetuities," Proyecciones Financieras y Valoración 7314, Master Consultores.
  21. Gonzalo Diaz Hoyos & Ignacio Velez Pareja, 2010. "Estimating the Appropriate Risk Profile for the Tax Savings: A Contingent Claim Approach," Proyecciones Financieras y Valoración 7417, Master Consultores.
  22. Ignacio Velez Pareja & Joseph Tham, 2010. "Timanco S.A.: Unpaid Taxes, Losses Carried Forward, Foreign Debt, Presumptive Income and Adjustment for Inflation: Matching DCF and EVA©," Proyecciones Financieras y Valoración 7319, Master Consultores.
  23. Joseph Tham & Ignacio Velez Pareja, 2010. "Cost of Capital with Levered Cost of Equity as the Risk of Tax Shields," Proyecciones Financieras y Valoración 7315, Master Consultores.
  24. Ignacio Velez Pareja, 2010. "Operational and Financial Leverage (Slides)," Proyecciones Financieras y Valoración 7320, Master Consultores.
  25. Ignacio Velez Pareja, 2010. "Working Capital Management (Slides)," Proyecciones Financieras y Valoración 7318, Master Consultores.
  26. Ignacio Velez Pareja, 2010. "Calculating tax shields from financial expenses with losses carried forward," Proyecciones Financieras y Valoración 7071, Master Consultores.
  27. James W. Kolari & Ignacio Velez Pareja, 2010. "Corporation Income Taxes and the Cost of Capital: A Revision," Proyecciones Financieras y Valoración 7702, Master Consultores.
  28. Ignacio Velez Pareja, 2010. "Financial ratio analysis," Proyecciones Financieras y Valoración 7284, Master Consultores.
  29. Ignacio Velez Pareja & Joseph Tham, 2010. "Estimating Cash Flows for Project Appraisal and Firm Valuation," Proyecciones Financieras y Valoración 6738, Master Consultores.
  30. Joseph Tham & Ignacio Velez Pareja, 2010. "Costo de capital con costo del patrimonio apalancado como el riesgo de los escudos fiscales," Proyecciones Financieras y Valoración 7612, Master Consultores.
  31. Felipe Mejia & Ignacio Velez-Pareja, 2010. "Analytical solution to the circularity problem in the discounted cash flow valuation framework," Proyecciones Financieras y Valoración 6931, Master Consultores.
  32. Felipe Mejia & Ignacio Velez Pareja, 2010. "Cost of Equity and WACC for Perpetuities with Constant Growth," Proyecciones Financieras y Valoración 7316, Master Consultores.
  33. Ignacio Velez-Pareja & Joseph Tham, 2010. "An introduction to the cost of capital," Proyecciones Financieras y Valoración 6854, Master Consultores.
  34. Ignacio Velez Pareja, 2010. "Forecasting Financial Statements (Slides)," Proyecciones Financieras y Valoración 7418, Master Consultores.
  35. Felipe Mejia & Ignacio Velez Pareja, 2010. "Solución Analítica al Problema de la Circularidad Usando Flujos de Caja Descontados," Proyecciones Financieras y Valoración 7317, Master Consultores.
  36. Ignacio Velez Pareja, 2010. "Risky Tax Shields and Risky Debt: A Monte Carlo Approach," Proyecciones Financieras y Valoración 7184, Master Consultores.
  37. Joseph Tham & Ignacio Velez Pareja, 2010. "Will the deflated WACC please stand up? And the real WACC should sit down," Proyecciones Financieras y Valoración 7072, Master Consultores.
  38. Ignacio Vélez Pareja & Joseph Tham, 2010. "Company Valuation in an Emerging Economy - Caldonia: A Case Study," Proyecciones Financieras y Valoración 8335, Master Consultores.
  39. Ignacio Velez-Pareja, 2009. "Analisis de inversion bajo riesgo: simulacion," Proyecciones Financieras y Valoración 5683, Master Consultores.
  40. Ignacio Velez-Pareja, 2009. "Decisiones bajo incertidumbre," Proyecciones Financieras y Valoración 5682, Master Consultores.
  41. Ignacio Velez-Pareja, 2009. "Las decisiones de inversion en la firma," Proyecciones Financieras y Valoración 5729, Master Consultores.
  42. Ignacio Velez-Pareja, 2009. "Analisis financiero y control (slides)," Proyecciones Financieras y Valoración 5553, Master Consultores.
  43. Ignacio Velez-Pareja & Miguel R. Davila, 2009. "Analisis financiero y control," Proyecciones Financieras y Valoración 5506, Master Consultores.
  44. Ignacio Velez-Pareja, 2009. "Proyeccion de los estados financieros," Proyecciones Financieras y Valoración 5708, Master Consultores.
  45. Ignacio Velez-Pareja, 2009. "Apendice de matermaticas financieras," Proyecciones Financieras y Valoración 5695, Master Consultores.
  46. Ignacio Velez-Pareja, 2009. "Evaluacion de proyectos en inflacion," Proyecciones Financieras y Valoración 5722, Master Consultores.
  47. Magni, Carlo Alberto & Vélez-Pareja, Ignacio, 2009. "Potential dividends versus actual cash flows in firm valuation," MPRA Paper 14509, University Library of Munich, Germany.
  48. Ignacio Velez-Pareja, 2009. "Analisis de sensibilidad," Proyecciones Financieras y Valoración 5687, Master Consultores.
  49. Ignacio Velez-Pareja, 2009. "La tasa de descuento: el costo promedio ponderado del capital," Proyecciones Financieras y Valoración 5714, Master Consultores.
  50. Ignacio Velez-Pareja, 2009. "Calculo del valor terminal y de la firma," Proyecciones Financieras y Valoración 5721, Master Consultores.
  51. Ignacio Velez-Pareja, 2009. "El valor del dinero en el tiempo," Proyecciones Financieras y Valoración 5694, Master Consultores.
  52. Ignacio Velez-Pareja, 2009. "Analisis de regresion," Proyecciones Financieras y Valoración 5671, Master Consultores.
  53. Ignacio Velez-Pareja, 2009. "Constructing Consistent Financial Planning Models for Valuation," Proyecciones Financieras y Valoración 5747, Master Consultores.
  54. Ignacio Velez-Pareja, 2009. "Analisis de portafolio," Proyecciones Financieras y Valoración 5685, Master Consultores.
  55. Ignacio Velez-Pareja, 2009. "Opciones reales," Proyecciones Financieras y Valoración 5684, Master Consultores.
  56. Ignacio Velez-Pareja, 2009. "Decisiones bajo riesgo e incertidumbre," Proyecciones Financieras y Valoración 5692, Master Consultores.
  57. Ignacio Velez-Pareja, 2009. "La creacion de valor y su medida," Proyecciones Financieras y Valoración 5728, Master Consultores.
  58. Ignacio Velez-Pareja, 2009. "Una aproximacion a los metodos de pronostico," Proyecciones Financieras y Valoración 5678, Master Consultores.
  59. Ignacio Velez-Pareja & Julian Benavides Franco, 2009. "Costo de capital con dividendos deducibles," Proyecciones Financieras y Valoración 6316, Master Consultores.
  60. Ignacio Velez-Pareja, 2009. "Proyeccion de datos para la construccion de estados financieros," Proyecciones Financieras y Valoración 5698, Master Consultores.
  61. Ignacio Velez-Pareja, 2009. "El proceso de decision," Proyecciones Financieras y Valoración 5689, Master Consultores.
  62. Ignacio Velez-Pareja, 2009. "El mercado de acciones en Colombia: 1930-1998," Proyecciones Financieras y Valoración 5517, Master Consultores.
  63. Ignacio Velez-Pareja, 2009. "The Weighted Average Cost of Capital (WACC) for firm valuation calculations: A reply," Proyecciones Financieras y Valoración 5690, Master Consultores.
  64. Ignacio Velez-Pareja, 2009. "Actitudes hacia el riesgo. Teoria de la utilidad cardinal," Proyecciones Financieras y Valoración 5686, Master Consultores.
  65. Ignacio Velez-Pareja, 2009. "Problemas especiales de los metodos para valorar el dinero en el tiempo," Proyecciones Financieras y Valoración 5697, Master Consultores.
  66. Ignacio Velez-Pareja, 2009. "Arboles de decision," Proyecciones Financieras y Valoración 5688, Master Consultores.
  67. Ignacio Velez-Pareja, 2009. "Decisiones bajo certeza: valor del dinero en el tiempo," Proyecciones Financieras y Valoración 5681, Master Consultores.
  68. Catherine Fayad & Roberto Fortich & Ignacio Velez-Pareja, 2009. "Proyeccion de la tasa de cambio de Colombia bajo condiciones de PPA: evidencia empirica y demostracion econometrica mediante VAR," Documentos de Trabajo 5293, Universidad Tecnológica de Bolívar.
  69. Ignacio Velez-Pareja, 2009. "Metodos de pronostico," Proyecciones Financieras y Valoración 5675, Master Consultores.
  70. Ignacio Velez-Pareja, 2009. "Conceptos basicos de estadistica," Proyecciones Financieras y Valoración 5670, Master Consultores.
  71. Ignacio Velez-Pareja, 2009. "Conceptos basicos de probabilidad," Proyecciones Financieras y Valoración 5668, Master Consultores.
  72. Ignacio Velez-Pareja, 2009. "Inversiones y presupuesto de capital," Proyecciones Financieras y Valoración 5696, Master Consultores.
  73. Ignacio Velez-Pareja, 2009. "Simple errors or myths in dealing with perpetuities," Proyecciones Financieras y Valoración 5679, Master Consultores.
  74. Ignacio Velez-Pareja & Julian Benavides Franco, 2009. "Cost of capital when dividens are deductible," Proyecciones Financieras y Valoración 5680, Master Consultores.
  75. Ignacio Velez-Pareja, 2009. "Construccion de los flujos de caja," Proyecciones Financieras y Valoración 5712, Master Consultores.
  76. Ignacio Velez-Pareja & Dary Luz Hurtado, 2008. "Errores frecuentes y soluciones para la proyeccion de estados financieros," Proyecciones Financieras y Valoración 4971, Master Consultores.
  77. Ignacio Velez-Pareja & David Andres Londono & Mariano Melo & Julio Sarmiento, 2008. "Potential dividends and actual cash flows. A regional latin american analysis," Proyecciones Financieras y Valoración 4958, Master Consultores.
  78. Vélez-Pareja, Ignacio & Magni, Carlo Alberto, 2008. "Potential dividends and actual cash flows. Theoretical and empirical reasons for using ‘actual’ and dismissing ‘potential’, Or: How not to pull potential rabbits out of actual hats," MPRA Paper 7266, University Library of Munich, Germany.
  79. Ignacio Velez-Pareja, 2008. "Return to basics: are you properly calculating tax shields?," Proyecciones Financieras y Valoración 5152, Master Consultores.
  80. Rauf Ibragimov & Ignacio Velez-Pareja, 2008. "Subsidized loan financing and its impact on the cost of capital and levered firm value. A non-technical reply to "Adjustment of the WACC with subsi..," Proyecciones Financieras y Valoración 4585, Master Consultores.
  81. Ignacio Velez-Pareja, 2008. "Guidelines for forecasting historical financial statements for valuation purposes," Proyecciones Financieras y Valoración 4560, Master Consultores.
  82. Ignacio Velez-Pareja, 2008. "A new approach to WACC, value of tax savings and value for non growing perpetuities: a clarification," Proyecciones Financieras y Valoración 4563, Master Consultores.
  83. Ignacio Velez-Pareja, 2008. "De vuelta a lo basico: el costo de capital depende de los flujos de caja libre," Proyecciones Financieras y Valoración 5151, Master Consultores.
  84. Ignacio Velez-Pareja & Julian Benavides Franco, 2008. "There exists circularity between WACC and value? Another solution," Proyecciones Financieras y Valoración 4557, Master Consultores.
  85. Ignacio Velez-Pareja & Joseph Tham, 2008. "Constant leverage modeling: A reply to "A tutorial to the Mckinsey model for valuation of companies"," Proyecciones Financieras y Valoración 4574, Master Consultores.
  86. Ignacio Velez-Pareja & Dary Luz Hurtado Carrasquilla, 2008. "Some frequent mistakes and solutions when forecasting financial statements," Proyecciones Financieras y Valoración 5107, Master Consultores.
  87. Ignacio Velez-Pareja, 2008. "A step by step guide to construct a finacial model without plugs and circularity for valuation purposes," Proyecciones Financieras y Valoración 4709, Master Consultores.
  88. Ignacio Velez-Pareja, 2008. "De vuelta a lo fundamental: perpetuidades, conocimiento generalizado y el uso del modelo de crecimiento constante de Gordon," Proyecciones Financieras y Valoración 4739, Master Consultores.
  89. Ignacio Velez-Pareja, 2008. "Pautas para el pronostico de los estados financieros a partir de estados financieros historicos para la valoracion," Proyecciones Financieras y Valoración 4559, Master Consultores.
  90. Ignacio Velez-Pareja, 2008. "Return to fundamentals: perpetuities, common wisdom and the use of the gordon constant growth model," Proyecciones Financieras y Valoración 4735, Master Consultores.
  91. Ignacio Velez-Pareja & Mariano Merlo & David Andres Londono & Julio Sarmiento, 2008. "Dividendos "potenciales" versus pagados : razones teoricas y empiricas para usar dividendos pagados. Casos de America Latina y Argentina," Proyecciones Financieras y Valoración 5122, Master Consultores.
  92. Ignacio Velez-Pareja, 2008. "The zero growth model with expected inflation: further insights. A consistent and inflation neutral formulation for the cost of equity," Proyecciones Financieras y Valoración 4708, Master Consultores.
  93. Ignacio Velez-Pareja & Carlo Alberto Magni, 2008. "Potential Dividends and Actual Cash Flows. Theoretical and Empirical Reasons for Using 'Actual' and Dismissing 'Potential'. Or: How Not to Pull Pot..," Proyecciones Financieras y Valoración 4520, Master Consultores.
  94. Ignacio Velez-Pareja, 2008. "De vuelta a lo basico: ¿calcula sus ahorros en impuestos en forma apropiada?," Proyecciones Financieras y Valoración 5155, Master Consultores.
  95. Ignacio Velez-Pareja, 2008. "Return to basics: cost of capital depends on free cash flow," Proyecciones Financieras y Valoración 5097, Master Consultores.
  96. Ignacio Velez-Pareja & Joseph Tham, 2008. "The mismatching of APV and the DCF in Brealey, Myers and Allen 8th edition of Principles of corporate finance, 2006," Proyecciones Financieras y Valoración 4586, Master Consultores.
  97. Mariano Gonzalez Sanchez & Ignacio Velez-Pareja & Ana Isabel Mateos Ansotegui, 2008. "La subvencion financiera del coste de la deuda: la importancia de la pregunta en la investigacion financiera," Proyecciones Financieras y Valoración 4707, Master Consultores.
  98. Ignacio Velez-Pareja, 2008. "Cuentas de cuadre (plugs) y el principio de partida doble: construccion de estados financieros sin cuentas de cuadre y sin circularidad," Proyecciones Financieras y Valoración 4957, Master Consultores.
  99. Ignacio Velez-Pareja & Patricia Rojas Linero, 2008. "Alguna evidencia sobre los costos de dificultades financieras," Proyecciones Financieras y Valoración 4583, Master Consultores.
  100. Ignacio Velez-Pareja, 2007. "Practical sensitivity analysis," Proyecciones Financieras y Valoración 4325, Master Consultores.
  101. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham & Daniel Toro, 2007. "How the regulator overpays investor? A simple exposition of the principles of tariff setting," Proyecciones Financieras y Valoración 3942, Master Consultores.
  102. Ignacio Velez-Pareja, 2007. "Conditions for consistent valuation of a growing perpetuity," Proyecciones Financieras y Valoración 4324, Master Consultores.
  103. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.
  104. Ignacio Velez-Pareja & Joseph Tham, 2007. "Valuation of cash flows with constant leverage: Further insights," Proyecciones Financieras y Valoración 4323, Master Consultores.
  105. Ignacio Velez-Pareja, 2007. "Which cost of debt should be used in forecasting cash flows?," Proyecciones Financieras y Valoración 4318, Master Consultores.
  106. Ignacio Velez-Pareja, 2007. "Looking Forward Financial Ratio and Value Analysis (Valor de la firma y razones financieras para el análisis financiero)," Proyecciones Financieras y Valoración 3940, Master Consultores.
  107. Ignacio Velez-Pareja, 2007. "Proper valuation of perpetuities in an inflationary environment without real growth," Proyecciones Financieras y Valoración 4319, Master Consultores.
  108. Ignacio Velez-Pareja & Joseph Tham, 2007. "Prospective analysis: guidelines for forecasting financial statements," Proyecciones Financieras y Valoración 4316, Master Consultores.
  109. Ignacio Velez-Pareja, 2007. "Nota sobre la elasticidad precio-demanda," Proyecciones Financieras y Valoración 3941, Master Consultores.
  110. Ignacio Velez-Pareja, 2007. "A new approach to WACC, value of tax savings and value for growing and non growing perpetuities: A clarification," Proyecciones Financieras y Valoración 4322, Master Consultores.
  111. Ignacio Velez-Pareja, 2007. "To plug or not to plug, that is the question. No plugs, no circularity: A better way to forecast financial statements," Proyecciones Financieras y Valoración 4320, Master Consultores.
  112. Ignacio Velez-Pareja & Joseph Tham, 2007. "The tyranny of rounding errors: the mismatching of APV and the DCF in perpetuities in Brealey and Myers 6th and 7th edition of Principles of Corporate," Proyecciones Financieras y Valoración 3938, Master Consultores.
  113. Rauf Ibragimov & Ignacio Velez-Pareja, 2007. "Subsidized loan financing and its impact on the cost of capital and levered firm value," Proyecciones Financieras y Valoración 4314, Master Consultores.
  114. Ignacio Velez-Pareja & Patricia Rojas-Linero, 2007. "Some evidence on financial distress costs and their effect on cash flows," Proyecciones Financieras y Valoración 4315, Master Consultores.
  115. Joseph Tham & Ignacio Velez-Pareja, 2005. "An Integrated, Consistent Market-based Framework for Valuing Finite Cash Flows," Proyecciones Financieras y Valoración 1979, Master Consultores.
  116. Ignacio Vélez-Pareja & Joseph Tham, 2005. "Una nota sobre el cálculo del valor con endeudamiento constante," Proyecciones Financieras y Valoración 3713, Master Consultores.
  117. Ignacio Velez-Pareja & Joseph Tham, 2005. "Proper Solution of Circularity in the Interactions of Corporate Financing and Investment Decisions: A Reply to the Financing Present Value A," Proyecciones Financieras y Valoración 3395, Master Consultores.
  118. M. Asif Mian & Ignacio Velez-Pareja, 2005. "Applicability of the Classic WACC Concept in Practice," Proyecciones Financieras y Valoración 2017, Master Consultores.
  119. Joseph Tham & Ignacio Velez-Pareja Velez-Pareja, 2005. "With Subsidized Debt How do we Adjust the WACC?," Proyecciones Financieras y Valoración 3783, Master Consultores.
  120. Ignacio Velez-Pareja & Joseph Tham, 2005. "WACC, Value of Tax Savings and Terminal Value for Growing and Non Growing Perpetuities," Proyecciones Financieras y Valoración 3768, Master Consultores.
  121. JOSEPH THAM & Ignacio Velez-Pareja, 2005. "The Correct Formula for the Return to Levered Equity (for Finite Cash Flows with Zero Growth) with Respect to the M&E WACC," Proyecciones Financieras y Valoración 1900, Master Consultores.
  122. Ignacio Vélez-Pareja & Antonio Burbano, 2005. "Consistency in Valuation: A Practical Guide," Proyecciones Financieras y Valoración 2192, Master Consultores.
  123. Ignacio Velez-Pareja, 2005. "Construction of Cash Flows Revisited," Proyecciones Financieras y Valoración 2196, Master Consultores.
  124. Ignacio Velez-Pareja, 2005. "Why We Subtract the Change in Working Capital when Defining Cash Flows? A Pedagogical Note," Proyecciones Financieras y Valoración 3782, Master Consultores.
  125. Ignacio Velez-Pareja & Joseph Tham & Viviana Fernandez, 2005. "Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: the N-Period Case," Finance 0504006, University Library of Munich, Germany.
  126. Vélez-Pareja, Ignacio, 2005. "Valoración de flujos de caja en inflación. El caso de la regulación en el Banco Mundial [Cash Flow Valuation in an Inflationary World. The Case of World Bank for Regulated Firms]," MPRA Paper 12507, University Library of Munich, Germany, revised 05 Jan 2009.
  127. Joseph Tham & Ignacio Velez-Pareja, 2005. "Modeling Cash Flows with Constant Leverage: A Note," Proyecciones Financieras y Valoración 1897, Master Consultores.
  128. Ignacio Velez-Pareja, 2005. "Cash Flow Valuation in an Inflationary World. The Case of World Bank for Regulated Firms," Proyecciones Financieras y Valoración 2109, Master Consultores.
  129. Ignacio Velez-Pareja, 2004. "Once More, the Correct Definition for the Cash Flows to Value a Firm. (Free Cash Flow and Cash Flow to Equity)," Proyecciones Financieras y Valoración 3299, Master Consultores.
  130. Ignacio Vélez-Pareja, 2004. "The Correct Definition for the Cash Flows to Value a Firm (Free Cash Flow and Cash Flow to Equity)," Proyecciones Financieras y Valoración 3577, Master Consultores.
  131. Ignacio Vélez Pareja & Joseph Tham, 2004. "EVA(c) Made Simple: Is it Possible?," Proyecciones Financieras y Valoración 1895, Master Consultores.
  132. Ignacio Vélez Pareja & Joseph Tham, 2004. "Timanco S. A.: Impuestos por pagar, pérdidas amortizadas, deuda en divisas, renta presuntiva y ajustes por inflación. Su tratamiento con Flu," Proyecciones Financieras y Valoración 3643, Master Consultores.
  133. Ignacio Vélez Pareja, 2004. "Guía para la proyección de estados financieros y valoración financiera de un plan de negocios," Proyecciones Financieras y Valoración 2778, Master Consultores.
  134. Ignacio Vélez-Pareja & Joseph Tham, 2004. "Hershey Chocolate in Two Flavors: Kd and Ku," Proyecciones Financieras y Valoración 2788, Master Consultores.
  135. Ignacio Vélez-Pareja, 2004. "Tasas de interés efectivas y nominales: el calvario de los estudiantes de finanzas," Proyecciones Financieras y Valoración 3541, Master Consultores.
  136. Ignacio Vélez-Pareja, 2004. "Modeling the Financial Impact of Regulatory Policy: Practical Recommendations and Suggestions. The Case of World Bank," Proyecciones Financieras y Valoración 3228, Master Consultores.
  137. Ignacio Vélez-Pareja & Joseph Tham, 2004. "Consistency in Chocolate. A Fresh Look at Copeland’s Hershey Foods & Co Case," Proyecciones Financieras y Valoración 2191, Master Consultores.
  138. Joseph Tham & Ignacio Vélez Pareja, 2004. "Top 9 (Unnecessary and Avoidable) Mistakes in Cash Flow Valuation," Proyecciones Financieras y Valoración 3648, Master Consultores.
  139. Ignacio Velez-Pareja, 2004. "Proper Determination of the Growth Rate for Growing Perpetuities: The Growth Rate for the Terminal Value," Proyecciones Financieras y Valoración 1898, Master Consultores.
  140. Ignacio Vélez-Pareja, 2004. "Cálculo correcto y sencillo del valor a precios de mercado. Una comparación con otros métodos," Proyecciones Financieras y Valoración 2076, Master Consultores.
  141. Joseph Tham & Ignacio Vélez-Pareja, 2004. "For finite cash flows, what is the correct formula for the return to levered equity?," Proyecciones Financieras y Valoración 2734, Master Consultores.
  142. Ignacio Vélez Pareja & Joseph Tham, 2003. "¿Coinciden EVA(R) y Utilidad Economica (UE) con los metodos de Flujo de Caja Descontado en valoracion de empresas?," Proyecciones Financieras y Valoración 3788, Master Consultores.
  143. Ignacio Vélez-Pareja, 2003. "El Metodo Delphi," Proyecciones Financieras y Valoración 2524, Master Consultores.
  144. Ignacio Velez-Pareja & Joseph Tham, 2003. "Do the RIM (Residual Income Model), EVA® and DCF (Discounted Cash Flow) Really Match?," Proyecciones Financieras y Valoración 2379, Master Consultores.
  145. Ignacio Velez-Pareja, 2003. "Valoración de intangibles," Proyecciones Financieras y Valoración 3745, Master Consultores.
  146. Joseph Tham & Ignacio Velez-Pareja, 2003. "The Holy Grail in the Quest for Value (with Alpha Methods and Omega Theories)," Proyecciones Financieras y Valoración 3597, Master Consultores.
  147. Ignacio Vélez Pareja & Antonio Burbano Pérez, 2003. "A Practical Guide for Consistency in Valuation: Cash Flows, Terminal Value and Cost of Capital," Proyecciones Financieras y Valoración 1927, Master Consultores.
  148. Ignacio Velez-Pareja, 2003. "The Use of Capital Cash Flow and an Alternate Formulation for WACC with Foreign Currency Debt," Proyecciones Financieras y Valoración 3631, Master Consultores.
  149. Ignacio Velez-Pareja, 2003. "Cost of Capital for Non-Traded Firms," Proyecciones Financieras y Valoración 2205, Master Consultores.
  150. Joseph Tham & Ignacio Velez-Pareja, 2002. "Consistent Valuation of a Finite Stream of Cash Flows with a Terminal Value," Proyecciones Financieras y Valoración 2193, Master Consultores.
  151. Ignacio Velez-Pareja, 2002. "Use of Inflation as the Basis to Estimate Nominal Increases in Prices," Proyecciones Financieras y Valoración 3741, Master Consultores.
  152. Ignacio Vélez-Pareja, 2002. "Costo de capital para empresas no transadas en bolsa," Proyecciones Financieras y Valoración 2207, Master Consultores.
  153. Joseph Tham & Ignacio Velez-Pareja, 2002. "An Embarrassment of Riches: Winning Ways to Value with the WACC," Proyecciones Financieras y Valoración 1974, Master Consultores.
  154. Joseph Tham & Ignacio Velez-Pareja, 2002. "Computer, Computer, on the Wall, Which Cost of Capital is Fairest, of Them All?," Proyecciones Financieras y Valoración 2174, Master Consultores.
  155. Ignacio Velez-Pareja, 2001. "Seleccion del Portafolio Optimo: Una Nota," Proyecciones Financieras y Valoración 3490, Master Consultores.
  156. Ignacio Vélez Pareja & Joseph Tham, 2001. "Una nota sobre el costo promedio de capital," Proyecciones Financieras y Valoración 3714, Master Consultores.
  157. Ignacio Vélez Pareja, 2001. "Calculating Betas (Cálculo De Betas. In Spanish)," Proyecciones Financieras y Valoración 8084, Master Consultores.
  158. Ignacio Vélez Pareja, 2001. "Calculating Betas," Proyecciones Financieras y Valoración 8085, Master Consultores.
  159. Ignacio Velez-Pareja, 2001. "Economic Value Measurement: Investment Recovery and Value Added - IRVA," Proyecciones Financieras y Valoración 2404, Master Consultores.
  160. Joseph Tham & Ignacio Velez-Pareja, 2001. "Modeling the Impacts of Inflation in Investment Appraisal," Proyecciones Financieras y Valoración 3229, Master Consultores.
  161. Ignacio Velez-Pareja, 2000. "Optimal Portfolio Selection: A Note," Proyecciones Financieras y Valoración 3304, Master Consultores.
  162. Joseph Tham & Ignacio Velez-Pareja, 2000. "The Correct Discount Rate for the Tax Shield: The N-period Case," Proyecciones Financieras y Valoración 3578, Master Consultores.
  163. Ignacio Velez-Pareja, 2000. "The Weighted Internal Rate of Return (WIRR) and Expanded Benefit-Cost Ratio (EB/CR)," Proyecciones Financieras y Valoración 3636, Master Consultores.
  164. Ignacio Velez-Pareja & Joseph Tham, 2000. "A Note on the Weighted Average Cost of Capital WACC," Proyecciones Financieras y Valoración 1926, Master Consultores.
  165. Ignacio Vélez Pareja, 1999. "The Colombian Stock Market: 1930-1998," Proyecciones Financieras y Valoración 3576, Master Consultores.
  166. Ignacio Velez-Pareja, 1999. "Value Creation and its Measurement: A Critical Look at EVA," Proyecciones Financieras y Valoración 3752, Master Consultores.
  167. Ignacio Vélez Pareja, 1999. "Project Evaluation in an Inflationary Environment," Proyecciones Financieras y Valoración 3391, Master Consultores.

Articles

  1. Ignacio Vélez-Pareja, 2017. "Do Personal Taxes Destroy Tax Shields? A Critique to Miller’s (1977) Proposal," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 53(10), pages 2199-2214, October.
  2. Ignacio Vélez-Pareja, 2016. "Tax shields, financial expenses and losses carried forward," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 35(69), pages 663-689, April.
  3. Vélez Pareja Ignacio, 2012. "Ranking and optimal selection of investments with internal rate of return and benefit-cost ratio: a revision," Contaduría y Administración, Accounting and Management, vol. 57(1), pages 29-51, enero-mar.
  4. Ignacio Vélez-Pareja, 2011. "Forecasting Financial Statements with No Plugs and No Circularity," The IUP Journal of Accounting Research and Audit Practices, IUP Publications, vol. 0(1), pages 38-68, January.
  5. Ignacio Velez-Pareja & Julian Benavides Franco, 2011. "Cost of Capital when Dividends are Deductible," Brazilian Review of Finance, Brazilian Society of Finance, vol. 9(3), pages 309-334.
  6. Felipe MEJIA-PELAEZ & Ignacio VELEZ-PAREJA, 2010. "Cost of Equity and Weighted Average Cost of Capital for Perpetuities, with Constant Growth," The Valuation Journal, The National Association of Authorized Romanian Valuers, vol. 5(2), pages 88-121.
  7. Ignacio VELEZ-PAREJA & Joseph THAM, 2010. "Company's Valuation in an Emerging Economy - Case Study TIMANCO S.A," The Valuation Journal, The National Association of Authorized Romanian Valuers, vol. 5(2), pages 4-45.
  8. Ignacio Vélez-Pareja, 2009. "Which Cost Of Debt Should Be Used In Forecasting Cash Flows?," Estudios Gerenciales, Universidad Icesi, June.
  9. Ignacio Vélez - Pareja & Carlo Alberto Magni, 2009. "Potential Dividends And Actual Cash Flows In Equity Valuation. A Critical Analysis," Estudios Gerenciales, Universidad Icesi, December.
  10. Catherine Fayad Hernández & Roberto Carlos Fortich Mesa & Ignacio Vélez - Pareja, 2009. "Proyección De La Tasa De Cambio De Colombia Bajo Condiciones De Ppa: Evidencia Empírica Usando Var," Estudios Gerenciales, Universidad Icesi, December.
  11. Ignacio Vélez - Pareja & Mariano Germán Merlo & David Andrés Londono Bedoya & Julio Alejandro Sarmiento Sabogal, 2009. "Potential Dividends And Actual Cash Flow. A Regional Latin American Analysis," Estudios Gerenciales, Universidad Icesi, December.
  12. Ignacio Vélez-Pareja, 2008. "Proper Valuation of Perpetuities in an Inflationary Environment without Real Growth," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 7, pages 1-12, May.
  13. Ignacio Vélez-Pareja & Rauf Ibragimov & Joseph Tham, 2008. "Constant Leverage And Constant Cost Of Capital: A Common Knowledge Half-Truth," Estudios Gerenciales, Universidad Icesi, June.
  14. Ignacio Vélez-Pareja, 2007. "Cash Flow Valuation in an Inflactionary World. The Case of World Bank for Regulated Firms," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 6, pages 1-19, November.
  15. Ignacio Vélez-Pareja & Antonio Burbano-Pérez, 2006. "A Practical Guide for Consistency in Valuation: Cash Flows, Terminal Value and Cost of Capital," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 5, pages 1-16, June.
  16. Ignacio Vélez-Pareja & Joseph Tham, 2006. "An Embarrassment of Riches: Winning Ways to Value with the WACC," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 5, pages 1-23, February.
  17. Ignacio Vélez-Pareja, & Julián Benavides-Franco, 2006. "There exists circularity between WACC and value? Another solution," Estudios Gerenciales, Universidad Icesi, March.
  18. Ignacio Vélez-Pareja & Joseph Tham & Viviana Fernández, 2005. "Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: The N-Period Case," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 4, pages 1-19, October.
  19. Fieten, Paul & Kruschwitz, Lutz & Laitenberger, Jorg & Loffler, Andreas & Tham, Joseph & Velez-Pareja, Ignacio & Wonder, Nicholas, 2005. "Comment on "The value of tax shields is NOT equal to the present value of tax shields"," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(1), pages 184-187, February.

Chapters

  1. Ignacio Vélez-Pareja & Joseph Tham, 2009. "Prospective Analysis: Guidelines for Forecasting Financial Statements," Springer Books, in: Chandrasekhar Krishnamurti & Ramanna Vishwanath (ed.), Investment Management, chapter 8, pages 155-223, Springer.

Books

  1. Tham, Joseph & Velez-Pareja, Ignacio, 2004. "Principles of Cash Flow Valuation," Elsevier Monographs, Elsevier, edition 1, number 9780126860405.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Ignacio Velez Pareja & Joseph Tham, 2010. "Estimating Cash Flows for Project Appraisal and Firm Valuation," Proyecciones Financieras y Valoración 6738, Master Consultores.

    Cited by:

    1. Nangia, Vinay Kumar & Agrawal, Rajat & Reddy, K. Srinivasa, 2011. "Business Valuation: Modelling Forecasting Hurdle Rate," MPRA Paper 60420, University Library of Munich, Germany, revised 2011.

  2. Magni, Carlo Alberto & Vélez-Pareja, Ignacio, 2009. "Potential dividends versus actual cash flows in firm valuation," MPRA Paper 14509, University Library of Munich, Germany.

    Cited by:

    1. Bassam M. ABU-ABBAS, 2021. "The Role of Dividends on Equity Valuation: Evidence from the GCC Countries," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 162-180, June.

  3. Ignacio Velez-Pareja & Julian Benavides Franco, 2009. "Cost of capital when dividens are deductible," Proyecciones Financieras y Valoración 5680, Master Consultores.

    Cited by:

    1. Benavides, Julian & Berggrun, Luis & Perafan, Hector, 2016. "Dividend payout policies: Evidence from Latin America," Finance Research Letters, Elsevier, vol. 17(C), pages 197-210.

  4. Ignacio Velez-Pareja, 2008. "Return to basics: are you properly calculating tax shields?," Proyecciones Financieras y Valoración 5152, Master Consultores.

    Cited by:

    1. Lucia MICHALKOVA & Tomas KLIESTIK, 2019. "The Role Of Risk In The Valuation Of Tax Shield," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 218-233, November.

  5. Ignacio Velez-Pareja & Julian Benavides Franco, 2008. "There exists circularity between WACC and value? Another solution," Proyecciones Financieras y Valoración 4557, Master Consultores.

    Cited by:

    1. Ignacio Velez-Pareja, 2007. "Which cost of debt should be used in forecasting cash flows?," Proyecciones Financieras y Valoración 4318, Master Consultores.

  6. Ignacio Velez-Pareja & Joseph Tham, 2008. "Constant leverage modeling: A reply to "A tutorial to the Mckinsey model for valuation of companies"," Proyecciones Financieras y Valoración 4574, Master Consultores.

    Cited by:

    1. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.

  7. Ignacio Velez-Pareja, 2007. "Practical sensitivity analysis," Proyecciones Financieras y Valoración 4325, Master Consultores.

    Cited by:

    1. Fátima Calderón-Vargas & David Asmat-Campos & Anselmo Carretero-Gómez, 2019. "Sustainable Tourism and Renewable Energy: Binomial for Local Development in Cocachimba, Amazonas, Peru," Sustainability, MDPI, vol. 11(18), pages 1-21, September.

  8. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.

    Cited by:

    1. Ignacio Velez-Pareja, 2007. "Which cost of debt should be used in forecasting cash flows?," Proyecciones Financieras y Valoración 4318, Master Consultores.

  9. Ignacio Velez-Pareja & Joseph Tham, 2005. "Proper Solution of Circularity in the Interactions of Corporate Financing and Investment Decisions: A Reply to the Financing Present Value A," Proyecciones Financieras y Valoración 3395, Master Consultores.

    Cited by:

    1. Ignacio Vélez-Pareja & Joseph Tham & Viviana Fernández, 2005. "Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: The N-Period Case," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 4, pages 1-19, October.

  10. Joseph Tham & Ignacio Velez-Pareja Velez-Pareja, 2005. "With Subsidized Debt How do we Adjust the WACC?," Proyecciones Financieras y Valoración 3783, Master Consultores.

    Cited by:

    1. Ignacio Vélez-Pareja & Joseph Tham & Viviana Fernández, 2005. "Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: The N-Period Case," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 4, pages 1-19, October.

  11. Ignacio Vélez-Pareja & Antonio Burbano, 2005. "Consistency in Valuation: A Practical Guide," Proyecciones Financieras y Valoración 2192, Master Consultores.

    Cited by:

    1. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.

  12. Joseph Tham & Ignacio Velez-Pareja, 2005. "Modeling Cash Flows with Constant Leverage: A Note," Proyecciones Financieras y Valoración 1897, Master Consultores.

    Cited by:

    1. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.

  13. Ignacio Velez-Pareja, 2005. "Cash Flow Valuation in an Inflationary World. The Case of World Bank for Regulated Firms," Proyecciones Financieras y Valoración 2109, Master Consultores.

    Cited by:

    1. Ignacio Vélez-Pareja & Joseph Tham & Viviana Fernández, 2005. "Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: The N-Period Case," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 4, pages 1-19, October.
    2. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.

  14. Ignacio Vélez-Pareja, 2004. "The Correct Definition for the Cash Flows to Value a Firm (Free Cash Flow and Cash Flow to Equity)," Proyecciones Financieras y Valoración 3577, Master Consultores.

    Cited by:

    1. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.

  15. Ignacio Vélez Pareja & Joseph Tham, 2004. "EVA(c) Made Simple: Is it Possible?," Proyecciones Financieras y Valoración 1895, Master Consultores.

    Cited by:

    1. Carlo Alberto, Magni, 2008. "Splitting Up Value: A Critical Review of Residual Income Theories," MPRA Paper 10506, University Library of Munich, Germany.

  16. Ignacio Vélez-Pareja, 2004. "Modeling the Financial Impact of Regulatory Policy: Practical Recommendations and Suggestions. The Case of World Bank," Proyecciones Financieras y Valoración 3228, Master Consultores.

    Cited by:

    1. Ignacio Vélez-Pareja & Joseph Tham & Viviana Fernández, 2005. "Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: The N-Period Case," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 4, pages 1-19, October.
    2. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.

  17. Ignacio Vélez-Pareja & Joseph Tham, 2004. "Consistency in Chocolate. A Fresh Look at Copeland’s Hershey Foods & Co Case," Proyecciones Financieras y Valoración 2191, Master Consultores.

    Cited by:

    1. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.

  18. Joseph Tham & Ignacio Vélez Pareja, 2004. "Top 9 (Unnecessary and Avoidable) Mistakes in Cash Flow Valuation," Proyecciones Financieras y Valoración 3648, Master Consultores.

    Cited by:

    1. Ignacio Vélez-Pareja, 2007. "Cash Flow Valuation in an Inflactionary World. The Case of World Bank for Regulated Firms," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 6, pages 1-19, November.

  19. Ignacio Velez-Pareja & Joseph Tham, 2003. "Do the RIM (Residual Income Model), EVA® and DCF (Discounted Cash Flow) Really Match?," Proyecciones Financieras y Valoración 2379, Master Consultores.

    Cited by:

    1. Carlo Alberto, Magni, 2008. "Splitting Up Value: A Critical Review of Residual Income Theories," MPRA Paper 10506, University Library of Munich, Germany.
    2. Rodríguez Vázquez Verónica Patricia & Aca Varela Jaquelina Marcela, 2010. "El flujo de efectivo descontado como método de valuación de empresas mexicanas en el periodo 2001-2007," Contaduría y Administración, Accounting and Management, vol. 55(3), pages 143-172, septiembr.
    3. Magni, Carlo Alberto, 2010. "Residual income and value creation: An investigation into the lost-capital paradigm," European Journal of Operational Research, Elsevier, vol. 201(2), pages 505-519, March.
    4. Richard Sweeney, 2014. "Equivalent valuations in cash flow and accounting models," Review of Quantitative Finance and Accounting, Springer, vol. 42(1), pages 29-49, January.

  20. Ignacio Vélez Pareja & Antonio Burbano Pérez, 2003. "A Practical Guide for Consistency in Valuation: Cash Flows, Terminal Value and Cost of Capital," Proyecciones Financieras y Valoración 1927, Master Consultores.

    Cited by:

    1. Ignacio Vélez-Pareja, 2007. "Cash Flow Valuation in an Inflactionary World. The Case of World Bank for Regulated Firms," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 6, pages 1-19, November.

  21. Joseph Tham & Ignacio Velez-Pareja, 2002. "An Embarrassment of Riches: Winning Ways to Value with the WACC," Proyecciones Financieras y Valoración 1974, Master Consultores.

    Cited by:

    1. Ignacio Vélez-Pareja & Antonio Burbano-Pérez, 2006. "A Practical Guide for Consistency in Valuation: Cash Flows, Terminal Value and Cost of Capital," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 5, pages 1-16, June.
    2. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.

  22. Ignacio Velez-Pareja, 2001. "Economic Value Measurement: Investment Recovery and Value Added - IRVA," Proyecciones Financieras y Valoración 2404, Master Consultores.

    Cited by:

    1. Carlo Alberto, Magni, 2008. "Splitting Up Value: A Critical Review of Residual Income Theories," MPRA Paper 10506, University Library of Munich, Germany.
    2. Roberto Ghiselli Ricci & Carlo Alberto Magni, 2014. "Axiomatization of residual income and generation of financial securities," Quantitative Finance, Taylor & Francis Journals, vol. 14(7), pages 1257-1271, July.
    3. Miron Vasile Cristian Ioachim & Focsan Eleonora Ionela, 2017. "The Analysis Of The Performance Of Companies Based On The Economic Value Added," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 181-190, February.
    4. Georgi Lachov, 2008. "Evaluation of Corporative Value in Case of Insecurity: Determinants and Models," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 89-106.

  23. Joseph Tham & Ignacio Velez-Pareja, 2000. "The Correct Discount Rate for the Tax Shield: The N-period Case," Proyecciones Financieras y Valoración 3578, Master Consultores.

    Cited by:

    1. Carlo Alberto, Magni, 2008. "Splitting Up Value: A Critical Review of Residual Income Theories," MPRA Paper 10506, University Library of Munich, Germany.
    2. Fernandez, Pablo, 2003. "Equivalence of ten different methods for valuing companies by cash flow discounting," IESE Research Papers D/524, IESE Business School.
    3. Fernandez, Pablo, 2004. "The value of tax shields is NOT equal to the present value of tax shields," Journal of Financial Economics, Elsevier, vol. 73(1), pages 145-165, July.

  24. Ignacio Velez-Pareja, 2000. "The Weighted Internal Rate of Return (WIRR) and Expanded Benefit-Cost Ratio (EB/CR)," Proyecciones Financieras y Valoración 3636, Master Consultores.

    Cited by:

    1. Kannapiran C. Arjunan & Karthi Kannapiran, 2017. "Cost-benefit Analysis and the Controversial Reinvestment Assumption in IRR and NPV Estimates: Some New Evidence Against Reinvestment Assumption," Economic Papers, The Economic Society of Australia, vol. 36(3), pages 351-363, September.

  25. Ignacio Velez-Pareja & Joseph Tham, 2000. "A Note on the Weighted Average Cost of Capital WACC," Proyecciones Financieras y Valoración 1926, Master Consultores.

    Cited by:

    1. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.
    2. Edlira Luçi & Llesh Lleshaj, 2016. "Assessment of the Capital Structure and Cost of Capital Using Financial Indicators, the Case of Large Businesses in Albania," European Journal of Multidisciplinary Studies Articles, Revistia Research and Publishing, vol. 1, January -.

  26. Ignacio Vélez Pareja, 1999. "The Colombian Stock Market: 1930-1998," Proyecciones Financieras y Valoración 3576, Master Consultores.

    Cited by:

    1. Hatemi-J, Abdulnasser & Sarmiento-Sabogal, Julio, 2013. "An Empirical Investigation of the Colombian Stock Market Reaction to the US Market: Evidence from a Casewise Bootstrap Approach - Un’analisi empirica della reazione del mercato azionario colombiano al," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 66(1), pages 57-67.

  27. Ignacio Vélez Pareja, 1999. "Project Evaluation in an Inflationary Environment," Proyecciones Financieras y Valoración 3391, Master Consultores.

    Cited by:

    1. V. V. Kossov, 2016. "The rationale for projected prices of demand on electricity for industry in Russia up to 2020," Studies on Russian Economic Development, Springer, vol. 27(1), pages 34-44, January.
    2. Vladimir Kossov, 2015. "Price Scissors as a Dangerous Gap between the Price Projections of Supply and Demand," HSE Working papers WP BRP 46/MAN/2015, National Research University Higher School of Economics.
    3. Ignacio Vélez-Pareja, 2007. "Cash Flow Valuation in an Inflactionary World. The Case of World Bank for Regulated Firms," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 6, pages 1-19, November.

Articles

  1. Ignacio Vélez-Pareja, 2017. "Do Personal Taxes Destroy Tax Shields? A Critique to Miller’s (1977) Proposal," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 53(10), pages 2199-2214, October.

    Cited by:

    1. Lucia MICHALKOVA & Tomas KLIESTIK, 2019. "The Role Of Risk In The Valuation Of Tax Shield," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 218-233, November.

  2. Ignacio Vélez-Pareja, 2016. "Tax shields, financial expenses and losses carried forward," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 35(69), pages 663-689, April.

    Cited by:

    1. Lucia MICHALKOVA & Tomas KLIESTIK, 2019. "The Role Of Risk In The Valuation Of Tax Shield," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 218-233, November.

  3. Ignacio Velez-Pareja & Julian Benavides Franco, 2011. "Cost of Capital when Dividends are Deductible," Brazilian Review of Finance, Brazilian Society of Finance, vol. 9(3), pages 309-334.
    See citations under working paper version above.
  4. Catherine Fayad Hernández & Roberto Carlos Fortich Mesa & Ignacio Vélez - Pareja, 2009. "Proyección De La Tasa De Cambio De Colombia Bajo Condiciones De Ppa: Evidencia Empírica Usando Var," Estudios Gerenciales, Universidad Icesi, December.

    Cited by:

    1. Alfredo Bateman y Javier E. Martinez & Javier Esteban Martinez, 2010. "Cuaderno 4: Análisis de las fuentes de oferta y demanda en el mercado de divisas," Cuadernos de Desarrollo Económico 7586, Secretaría Distrital de Desarrollo Económico.

  5. Ignacio Vélez-Pareja & Rauf Ibragimov & Joseph Tham, 2008. "Constant Leverage And Constant Cost Of Capital: A Common Knowledge Half-Truth," Estudios Gerenciales, Universidad Icesi, June.
    See citations under working paper version above.
  6. Ignacio Vélez-Pareja, 2007. "Cash Flow Valuation in an Inflactionary World. The Case of World Bank for Regulated Firms," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 6, pages 1-19, November.
    See citations under working paper version above.
  7. Ignacio Vélez-Pareja & Antonio Burbano-Pérez, 2006. "A Practical Guide for Consistency in Valuation: Cash Flows, Terminal Value and Cost of Capital," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 5, pages 1-16, June.
    See citations under working paper version above.
  8. Ignacio Vélez-Pareja & Joseph Tham, 2006. "An Embarrassment of Riches: Winning Ways to Value with the WACC," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 5, pages 1-23, February.
    See citations under working paper version above.
  9. Ignacio Vélez-Pareja, & Julián Benavides-Franco, 2006. "There exists circularity between WACC and value? Another solution," Estudios Gerenciales, Universidad Icesi, March.
    See citations under working paper version above.
  10. Fieten, Paul & Kruschwitz, Lutz & Laitenberger, Jorg & Loffler, Andreas & Tham, Joseph & Velez-Pareja, Ignacio & Wonder, Nicholas, 2005. "Comment on "The value of tax shields is NOT equal to the present value of tax shields"," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(1), pages 184-187, February.

    Cited by:

    1. Schauten Marc B. J., 2013. "Three discount methods for valuing projects and the required return on equity," Contaduría y Administración, Accounting and Management, vol. 58(1), pages 63-85, enero-mar.
    2. Dirk Beyer, 2018. "A matrix approach to valuation and performance measurement based on accounting information considering different financing policies," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 29(1), pages 37-61, March.
    3. Howard Qi & Sheen Liu & Dean Johnson, 2012. "A model for risky cash flows and tax shields," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 36(4), pages 868-881, October.
    4. Julio Sarmiento & Mehdi Sadeghi & Juan S. Sandoval & Edgardo Cayon, 2021. "The application of proxy methods for estimating the cost of equity for unlisted companies: evidence from listed firms," Review of Quantitative Finance and Accounting, Springer, vol. 57(3), pages 1009-1031, October.
    5. Ralf Diedrich & Stefan Dierkes & Hans-Christian Gröger, 2022. "A note on the cost of capital with fixed payout ratios," Review of Quantitative Finance and Accounting, Springer, vol. 59(4), pages 1559-1575, November.
    6. Enrique R. Arzac & Lawrence R. Glosten, 2005. "A Reconsideration of Tax Shield Valuation," European Financial Management, European Financial Management Association, vol. 11(4), pages 453-461, September.
    7. Voeller, Dennis & Overesch, Michael, 2008. "The Impact of Personal and Corporate Taxation on Capital Structure Choices," ZEW Discussion Papers 08-020, ZEW - Leibniz Centre for European Economic Research.
    8. Lahmann Alexander & Arnold Sven & Gmehling Philipp, 2017. "The Impact of Default on Tax Shield Valuation," Journal of Business Valuation and Economic Loss Analysis, De Gruyter, vol. 12(1), pages 41-62, February.
    9. Fernandez, Pablo, 2005. "The value of tax shields depends only on the net increases of debt," IESE Research Papers D/613, IESE Business School.
    10. Nguyen Kim-Duc & Pham Khanh Nam, 2024. "Consistent valuation: extensions from bankruptcy costs and tax integration with time-varying debt," Review of Quantitative Finance and Accounting, Springer, vol. 62(2), pages 719-754, February.
    11. Sarmiento-Sabogal, Julio & Sadeghi, Mehdi, 2014. "Unlevered betas and the cost of equity capital: An empirical approach," The North American Journal of Economics and Finance, Elsevier, vol. 30(C), pages 90-105.
    12. Laurence Booth, 2007. "Capital Cash Flows, APV and Valuation," European Financial Management, European Financial Management Association, vol. 13(1), pages 29-48, January.
    13. Fernandez, Pablo, 2005. "The value of tax shields with a fixed book-value leverage ratio," IESE Research Papers D/612, IESE Business School.
    14. Andrea Gamba & Gordon A. Sick & Carmen Aranda León, 2008. "Investment under Uncertainty, Debt and Taxes," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 37(1), pages 31-58, February.
    15. Fernandez, Pablo, 2005. "Valuing companies with a fixed book-value leverage ratio," IESE Research Papers D/614, IESE Business School.
    16. Marko Volker Krause & Alexander Lahmann, 2016. "Reconsidering the appropriate discount rate for tax shield valuation," Journal of Business Economics, Springer, vol. 86(5), pages 477-512, July.

Chapters

    Sorry, no citations of chapters recorded.

Books

  1. Tham, Joseph & Velez-Pareja, Ignacio, 2004. "Principles of Cash Flow Valuation," Elsevier Monographs, Elsevier, edition 1, number 9780126860405.

    Cited by:

    1. Vélez Pareja Ignacio, 2012. "Ranking and optimal selection of investments with internal rate of return and benefit-cost ratio: a revision," Contaduría y Administración, Accounting and Management, vol. 57(1), pages 29-51, enero-mar.
    2. Carlo Alberto, Magni, 2008. "Splitting Up Value: A Critical Review of Residual Income Theories," MPRA Paper 10506, University Library of Munich, Germany.
    3. Dirk Beyer, 2018. "A matrix approach to valuation and performance measurement based on accounting information considering different financing policies," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 29(1), pages 37-61, March.
    4. Ignacio Vélez-Pareja & Antonio Burbano-Pérez, 2006. "A Practical Guide for Consistency in Valuation: Cash Flows, Terminal Value and Cost of Capital," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 5, pages 1-16, June.
    5. Ignacio Vélez-Pareja & Joseph Tham & Viviana Fernández, 2005. "Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: The N-Period Case," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 4, pages 1-19, October.
    6. Vélez-Pareja, Ignacio & Magni, Carlo Alberto, 2008. "Potential dividends and actual cash flows. Theoretical and empirical reasons for using ‘actual’ and dismissing ‘potential’, Or: How not to pull potential rabbits out of actual hats," MPRA Paper 7266, University Library of Munich, Germany.
    7. Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.
    8. Ignacio Velez-Pareja & Julian Benavides Franco, 2011. "Cost of Capital when Dividends are Deductible," Brazilian Review of Finance, Brazilian Society of Finance, vol. 9(3), pages 309-334.
    9. R. Ibragimov G. & G. Panferov A. & Р. Ибрагимов Г. & Г. Панферов А., 2014. "Обобщение Теории Модильяни-Миллера: Миф И Реальность // Generalization Of The Modigliani-Miller Theory: Myth And Reality," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, issue 3, pages 114-122.
    10. Samis, Michael & Davis, Graham A. & Laughton, David & Poulin, Richard, 2005. "Valuing uncertain asset cash flows when there are no options: A real options approach," Resources Policy, Elsevier, vol. 30(4), pages 285-298, December.
    11. Magni, Carlo Alberto & Vélez-Pareja, Ignacio, 2009. "Potential dividends versus actual cash flows in firm valuation," MPRA Paper 14509, University Library of Munich, Germany.
    12. Carlo Alberto Magni, 2023. "The Split-Screen Approach for Project Appraisal (Part I: The Theory)," JRFM, MDPI, vol. 16(3), pages 1-49, March.
    13. Georgios Marinakos & Sophia Daskalaki & Theodoros Ntrinias, 2014. "Defensive financial decisions support for retailers in Greek pharmaceutical industry," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 22(3), pages 525-551, September.
    14. Magni, Carlo Alberto & Marchioni, Andrea & Baschieri, Davide, 2022. "Impact of financing and payout policy on the economic profitability of solar photovoltaic plants," International Journal of Production Economics, Elsevier, vol. 244(C).
    15. Sarmiento-Sabogal, Julio & Sadeghi, Mehdi, 2014. "Unlevered betas and the cost of equity capital: An empirical approach," The North American Journal of Economics and Finance, Elsevier, vol. 30(C), pages 90-105.

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NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 7 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-ACC: Accounting and Auditing (4) 2005-04-16 2008-02-23 2013-05-05 2013-05-05
  2. NEP-PPM: Project, Program and Portfolio Management (3) 2009-01-10 2013-05-05 2013-05-05
  3. NEP-PBE: Public Economics (2) 2005-04-16 2013-05-05
  4. NEP-CMP: Computational Economics (1) 2013-05-05

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