Ignacio Vélez-Pareja

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Some Evidence on Financial Distress Costs and Their Effect on Cash Flows

Ignacio Vélez-Pareja, Patricia Rojas, 2006 .

The Zero Growth Model with Expected Inflation: Further Insights: A Consistent and Inflation Neutral Formulation for the Cost of Equity

Ignacio Vélez-Pareja, 2008 .

Return to Fundamentals: Perpetuities, Common Wisdom and the Use of the Gordon Constant Growth Model

Ignacio Vélez-Pareja, 2008 .

Decisions Under Uncertainty (Decisiones Bajo Incertidumbre)

Ignacio Vélez-Pareja, 2003 .

11 Cash Flow Valuation in Inflation

Ignacio Vélez-Pareja, 2006 .

Once More, the Correct Definition for the Cash Flows to Value a Firm (Free Cash Flow and Cash Flow to Equity)

Ignacio Vélez-Pareja, 2007 .

4 Special Problems in Time Value of Money Methods

Ignacio Vélez-Pareja, 2006 .

The Weighted Internal Rate of Return (Wirr) and Expanded Benefit-Cost Ratio (Eb/Cr)

Ignacio Vélez-Pareja, 2000 .

Potential Dividends and Actual Cash Flows: A Regional Latin American Analysis

Julio Sarmiento-Sabogal, Ignacio Vélez-Pareja, Mariano German Merlo, 2009 .

The Correct Definition for the Cash Flows to Value a Firm (Free Cash Flow and Cash Flow to Equity)

Ignacio Vélez-Pareja, 2005 .

Calculating Betas

Ignacio Vélez-Pareja, 2011 .

Tax Shields, Financial Expenses and Losses Carried Forward

Ignacio Vélez-Pareja, 2013 .

Value of Debt Tax Shields in Colombia: An Empirical Study

Ignacio Vélez-Pareja, Rafael Salas-Pérez, J. Gutiérrez Ruiz, 2011 .

Risky Tax Shields and Risky Debt: An Exploratory Study

Ignacio Vélez-Pareja, 2010 .

Risky Tax Shields and Risky Debt: A Monte Carlo Approach

Ignacio Vélez-Pareja, 2010 .

Analytical Solution to the Circularity Problem in the Discounted Cash Flow Valuation Framework

Ignacio Vélez-Pareja, Felipe Mejia-Pelaez, 2010 .

Return to Basics: Are You Properly Calculating Tax Shields?

Ignacio Vélez-Pareja, 2009 .

the Weirdness and Absurdity of a Specific theory on the Present Value of the Tax Benefits (PVTB) from Debt Financing

Ignacio Vélez-Pareja, Joseph Tham, 2019, SSRN Electronic Journal.

Costo de Capital con Costo del Patrimonio Apalancado Como el Riesgo de los Escudos Fiscales (Cost of Capital with Levered Cost of Equity as the Risk of Tax Shields)

J. Kolari, Ignacio Vélez-Pareja, Joseph Tham, 2010 .

Wacc, Value of Tax Savings and Terminal Value for Growing and Non Growing Perpetuities

Ignacio Vélez-Pareja, Joseph Tham, 2007 .

Revised Comment on 'the Value of Tax Shields is Not Equal to the Present Value of Tax Shields'

Ignacio Vélez-Pareja, Nicholas X. Wonder, Joseph Tham, 2003 .

Comment on 'the Value of Tax Shields is Not Equal to the Present Value of Tax Shields', Including an Arbitrage Opportunity

Ignacio Vélez-Pareja, Nicholas X. Wonder, Joseph Tham, 2003 .

The Correct Discount Rate for the Tax Shield: The N-Period Case

Ignacio Vélez-Pareja, Joseph Tham, 2001 .

Cost of Capital and Value Without Circularity for Constant Growth Perpetuities

Ignacio Vélez-Pareja, Felipe Mejia-Pelaez, 2010 .

Cost of Equity and WACC for Perpetuities with Constant Growth

Ignacio Vélez-Pareja, Felipe Mejia-Pelaez, 2010 .

Market value calculation and the solution of circularity between value and the weighted average cost of capital WACC

Ignacio Vélez-Pareja, Joseph Tham, 2009 .

De vuelta a lo básico: El costo de capital depende de los flujos de caja libre (Return to Basics: Cost of Capital Depends on Free Cash Flows)

Ignacio Vélez-Pareja, 2016 .

Construction of Cash Flows Revisited

Ignacio Vélez-Pareja, 2005 .

Proper Solution of Circularity in the Interactions of Corporate Financing and Investment Decisions: A Reply to the Financing Present Value Approach

Ignacio Vélez-Pareja, Joseph Tham, 2005 .

Market Value Calculation and the Solution of Circularity Between Value and the Weighted Average Cost of Capital WACC (A Note on the Weighted Average Cost of Capital WACC)

Ignacio Vélez-Pareja, Joseph Tham, 2005 .

Construction of Free Cash Flows: A Pedagogical Note. Part I

Ignacio Vélez-Pareja, 1999 .

Some Evidence of Financial Distress Costs (Alguna Evidencia Sobre Los Costos De Dificultades Financieras)

Ignacio Vélez-Pareja, Patricia Rojas, 2006 .

Return to Basics: Cost of Capital Depends on Free Cash Flow

Ignacio Vélez-Pareja, 2016 .

Estimating Cash Flows for Project Appraisal and Firm Valuation

Ignacio Vélez-Pareja, Joseph Tham, 2010 .

Return to Basics: Are You Properly Calculating Tax Shields? (De Vuelta a Lo Basico: Calcula Sus Ahorros En Impuestos En Forma Apropiada?)

Ignacio Vélez-Pareja, 2009 .

Constant Leverage Modeling: A Reply to 'a Tutorial on the Mckinsey Model for Valuation of Companies'

Ignacio Vélez-Pareja, Joseph Tham, 2006 .

6 Forecasting Financial Statements

Ignacio Vélez-Pareja, 2006 .

5 Data for Forecasting Financial Statements

Ignacio Vélez-Pareja, 2006 .

7 Constructing Cash Flows

Ignacio Vélez-Pareja, 2006 .

A New Approach to Wacc, Value of Tax Savings and Value for Growing and Non Growing Perpetuities: A Clarification

Ignacio Vélez-Pareja, 2006 .

Consistency in Valuation: A Practical Guide

Ignacio Vélez-Pareja, Antonio Burbano-Perez, 2008 .

Cash Flow Valuation in an Inflationary World: The Case of World Bank for Regulated Firms

Ignacio Vélez-Pareja, 2005 .

Modeling the Financial Impact of Regulatory Policy: Practical Recommendations and Suggestions. The Case of World Bank

Ignacio Vélez-Pareja, 2004 .

Tasas De Interés Efectivas Y Nominales: El Calvario De Los Estudiantes De Finanzas (Effective and Nominal Interest Rates Per Period: The Calvary for Students in Finance) (in Spanish)

Ignacio Vélez-Pareja, 2004 .

Simple Errors or Myths in Dealing with Perpetuities

Ignacio Vélez-Pareja, 2009 .

9 Terminal and Firm Value

Ignacio Vélez-Pareja, 2006 .

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 Finance

Ignacio Vélez-Pareja, Joseph Tham, 2008 .

The Colombian Stock Market: 1930-1998

Ignacio Vélez-Pareja, 1999 .

Sequential Decisions: Decision Trees (Arboles De Decisión)

Ignacio Velez-Pareja, Ignacio Vélez-Pareja, 2003 .

Analisis de regresion

Ignacio Vélez-Pareja, 2009 .

1 the Decision Process

Ignacio Vélez-Pareja, 2006 .

Applicability of the Classic WACC Concept in Practice

Ignacio Vélez-Pareja, M. A. Mian, 2005 .

Company Valuation in an Emerging Economy - Caldonia: A Case Study

Ignacio Vélez-Pareja, Joseph Tham, 2010 .

Toward better measurement of financial performance: A robust OEVA–TEVA alternative to biased EVA

Ignacio Vélez-Pareja, R. Ibragimov, 2019, Russian Management Journal.

POTENTIAL DIVIDENDS AND ACTUAL CASH FLOWS IN EQUITY VALUATION: A CRITICAL ANALYSIS

C. Magni, Ignacio Vélez-Pareja, 2009 .

Potential Dividends and Actual Cash Flows: A Critical Analysis

C. Magni, Ignacio Vélez-Pareja, 2009 .

Potential Dividends Versus Actual Cash Flows in Firm Valuation

C. Magni, Ignacio Vélez-Pareja, 2009 .

Potential Dividends and Actual Cash Flows. Theoretical and Empirical Reasons for Using 'Actual' and Dismissing 'Potential'. Or: How Not to Pull Pot

C. Magni, Ignacio Vélez-Pareja, 2008 .

Value Creation and its Measurement: A Critical Look at EVA

Ignacio Vélez-Pareja, 2001 .

Project Evaluation in an Inflationary Environment

Ignacio Vélez-Pareja, 1999 .

Why We Subtract the Change in Working Capital When Defining Cash Flows? A Pedagogical Note

Ignacio Vélez-Pareja, 2005 .

Top 9 (Unnecessary and Avoidable) Mistakes in Cash Flow Valuation

Ignacio Vélez-Pareja, Joseph Tham, 2004 .

Una Introducción Al Costo De Capital (An Introduction to the Cost of Capital)

Ignacio Vélez-Pareja, Joseph Tham, 2012 .

An Introduction to the Cost of Capital

Ignacio Vélez-Pareja, Joseph Tham, 2010 .

12 Decision Making Under Uncertainty

Ignacio Velez-Pareja, Ignacio Vélez-Pareja, 2006 .

Corporation Income Taxes and the Cost of Capital: A Revision

J. Kolari, Ignacio Vélez-Pareja, 2010 .

Cost of Capital for Non-Traded Firms

Ignacio Vélez-Pareja, 2005 .

Do Personal Taxes Destroy Tax Shields? A Critique to Miller’s (1977) Proposal

Ignacio Vélez-Pareja, 2017 .

Do Personal Taxes Destroy Tax Shields? A Critique to Miller’s (1977) Paper

Ignacio Vélez-Pareja, 2016 .

Cost of Capital When Dividends are Deductible

Ignacio Vélez-Pareja, Julián Benavides Franco, 2009 .

The Decision Process (El Proceso De Decision)

Ignacio Velez-Pareja, Ignacio Vélez-Pareja, 2007 .

Risky Tax Shields: An Exploratory Study

Ignacio Vélez-Pareja, 2010 .

Will the Deflated WACC Please Stand Up? And the Real WACC Should Sit Down

Ignacio Vélez-Pareja, Joseph Tham, 2010 .

An Embarrassment of Riches: Winning Ways to Value with the WACC

Ignacio Vélez-Pareja, Joseph Tham, 2002 .

Return to Basics: Cost of Capital Depends on Free Cash Flow

Ignacio Vélez-Pareja, 2016 .

Return to Basics: Are You Properly Calculating Tax Shields?

Ignacio Vélez-Pareja, 2009 .

The Weighted Average Cost of Capital (WACC) for Firm Valuation Calculations: A Reply

Ignacio Vélez-Pareja, 2009 .

Constant Leverage and Constant Cost of Capital: A Common Knowledge Half-Truth

Ignacio Vélez-Pareja, Joseph Tham, R. Ibragimov, 2008 .

Proper Valuation of Perpetuities in an Inflationary Environment Without Real Growth

Ignacio Vélez-Pareja, 2007 .

The Mismatching of Apv and the DCF in Brealey, Myers and Allen 8th Edition of Principles of Corporate Finance, 2006

Ignacio Velez-Pareja, Ignacio Vélez-Pareja, Joseph Tham, 2006 .

Valuation of Cash Flows with Constant Leverage: Further Insights

Ignacio Vélez-Pareja, Joseph Tham, 2006 .

There Exists Circularity between WACC and Value? Another Solution

Ignacio Vélez-Pareja, Julián Benavides Franco, 2005 .

A Practical Guide for Consistency in Valuation: Cash Flows, Terminal Value and Cost of Capital

Ignacio Vélez-Pareja, Antonio Burbano-Perez, 2005 .

Hershey Chocolate in Two Flavors: Kd and Ku

Ignacio Vélez-Pareja, Joseph Tham, 2004 .

Proper Determination of the Growth Rate for Growing Perpetuities: The Growth Rate for the Terminal Value

Ignacio Vélez-Pareja, 2004 .

Return to Basics: Are You Properly Calculating Tax Shields? Regresar a lo básico: ¿Está usted calculando correctamente el crédito fiscal?

Ignacio Vélez-Pareja, 2013 .

Principles of Cash Flow Valuation: An Integrated Market-Based Approach

Ignacio Vélez-Pareja, Joseph Tham, 2004 .

Principles of Cash Flow Valuation

Ignacio Vélez-Pareja, Joseph Tham, 2004 .

Constructing Consistent Financial Planning Models for Valuation

Ignacio Vélez-Pareja, 2009 .

A Note on the Weighted Average Cost of Capital WACC (Nota Sobre El Costo Promedio De Capital)

Ignacio Vélez-Pareja, Joseph Tham, 2008 .

For Finite Cash Flows, What is the Correct Formula for the Return to Levered Equity?

Ignacio Vélez-Pareja, Joseph Tham, 2004 .

EVA Performance Measurement is Faulty: So You May Be Persuaded to Switch to a Robust OEVA-TEVA Alternative

Ignacio Vélez-Pareja, Joseph Tham, R. Ibragimov, 2013 .

VAIC: New Financial Performance Metric and Valuation Tool

Ignacio Vélez-Pareja, Joseph Tham, R. Ibragimov, 2012 .

Which Cost of Debt Should be Used in Forecasting Cash Flows? (Updated)

Ignacio Vélez-Pareja, 2009 .

El Costo Promedio Ponderado de Capital (The Weighted Average Cost of Capital)

Ignacio Velez-Pareja, Ignacio Vélez-Pareja, 2006 .

Modeling Cash Flows with Constant Leverage: A Note

Ignacio Vélez-Pareja, Joseph Tham, 2005 .

Consistency in Chocolate. A Fresh Look at Copeland's Hershey Foods & Co Case

Ignacio Vélez-Pareja, Joseph Tham, 2004 .

Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: The Finite-Horizon Case

V. Fernandez, Ignacio Vélez-Pareja, Joseph Tham, 2020, Estudios de Administración.

Valuating Cash Flows in an Inflationary Environment: The Case of World Bank

Ignacio Vélez-Pareja, 2005 .

An Integrated, Consistent Market-Based Framework for Valuing Finite Cash Flows

Ignacio Vélez-Pareja, Joseph Tham, 2005 .

Cost of Capital and Cash Flows for SMEs

Ignacio Vélez-Pareja, 2013 .

Costo De Capital Y Flujos De Caja Para Pymes (Cost of Capital and Cash Flows for SMEs)

Ignacio Vélez-Pareja, 2013 .

Forecasting Financial Statements with No Plugs and No Circularity

Ignacio Vélez-Pareja, 2012 .

Estructura Optima de Capital Para Flujos de Caja Finitos (Optimal Capital Structure for Finite Cash Flows)

J. Kolari, Ignacio Vélez-Pareja, Felipe Mejia-Pelaez, 2011 .

Optimal Capital Structure for Finite Cash Flows

J. Kolari, Ignacio Vélez-Pareja, Felipe Mejia-Pelaez, 2011 .

Ranking and Optimal Selection of Investments with Internal Rate of Return and Benefit-Cost Ratio: A Revision

Ignacio Vélez-Pareja, 2010 .

Prospective Analysis: Guidelines for Forecasting Financial Statements

Ignacio Vélez-Pareja, Joseph Tham, 2008 .

To Plug or Not to Plug, That is the Question: No Plugs, No Circularity: A Better Way to Forecast Financial Statements (Proyección de Estados Financieros sin Cuentas de Cuadre (Plugs))

Ignacio Vélez-Pareja, 2007 .

Guidelines for Forecasting Financial Statements from Historical Financial Statements for Valuation Purposes (Updated)

Ignacio Vélez-Pareja, 2009 .

A Step by Step Guide to Construct a Financial Model Without Plugs and Without Circularity for Valuation Purposes

Ignacio Vélez-Pareja, 2008 .

Two Fundamental Principles for Cash Flow Valuation (CFV)

Ignacio Vélez-Pareja, Joseph Tham, 2019, Social Science Research Network.

Timanco S.A.: Unpaid Taxes, Losses Carried Forward, Foreign Debt, Presumptive Income and Adjustment for Inflation: Matching DCF and EVA©

Ignacio Vélez-Pareja, Joseph Tham, 2010 .

10 Value Added Approaches

Ignacio Vélez-Pareja, 2006 .

Practical Sensitivity Analysis

Ignacio Vélez-Pareja, 2006 .

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 Subsidized Debt in the Presence of Corporate Taxes: The N-Period Case'

Ignacio Vélez-Pareja, R. Ibragimov, 2005 .

Eva(C) Made Simple: Is it Possible?

Ignacio Vélez-Pareja, Joseph Tham, 2004 .

El Costo Promedio Ponderado de Capital. (Diapositivas) (The Weighted Average Cost of Capital (Slides)

Ignacio Vélez-Pareja, 2007 .

The Correct Formula for the Return to Levered Equity (for Finite Cash Flows with Zero Growth) with Respect to the M&E Wacc

Ignacio Vélez-Pareja, Joseph Tham, 2005 .

Company's Valuation in an Emerging Economy - Case Study TIMANCO S.A

Ignacio Vélez-Pareja, Joseph Tham, 2010 .

Do the Rim (Residual Income Model), Eva(R) and DCF (Discounted Cash Flow) Really Match?

Ignacio Vélez-Pareja, Joseph Tham, 2003 .

Valuation in an Inflationary Environment

Ignacio Vélez-Pareja, Joseph Tham, 2002 .

Cost of Capital with Levered Cost of Equity as the Risk of Tax Shields

J. Kolari, Ignacio Vélez-Pareja, Joseph Tham, 2010 .

Some Frequent Mistakes and Solutions When Forecasting Financial Statements (In Spanish)

Ignacio Vélez-Pareja, Dary Luz Hurtado-Carrasquilla, 2008 .

Some Frequent Mistakes and Solutions When Forecasting Financial Statements

Ignacio Velez-Pareja, Dary Luz Hurtado-Carrasquilla, Ignacio Vélez-Pareja, 2008 .

Use of Inflation as the Basis to Estimate Nominal Increases in Prices

Ignacio Vélez-Pareja, 2002 .

Calculating tax shields from financial expenses with losses carried forward

Ignacio Vélez-Pareja, 2010 .

The Use of Capital Cash Flow and an Alternate Formulation for Wacc with Foreign Currency Debt

Ignacio Vélez-Pareja, 2003 .

Economic Value Measurement: Investment Recovery and Value Added - Irva

Ignacio Vélez-Pareja, 2001 .

With Subsidized Debt How Do We Adjust the Wacc?

Ignacio Vélez-Pareja, Joseph Tham, 2005 .

Estimating the Appropriate Risk Profile for the Tax Savings: A Contingent Claim Approach

Ignacio Vélez-Pareja, Gonzalo Diaz Hoyos, 2010 .