Publications of Joseph Tham    :chronological  combined  bibtex listing:

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Books

  1. J. Tham and Velez-Pareja, I., Principles of cash flow valuation (2004), Academic Press

Journal Articles

  1. J. Tham & Sabin, L., Conceptual Issues in Financial Risk Analysis: A review for practitioners, The ICFAI Journal of Financial Risk Management (March, 2004)
  2. Wonder, N., Tham, J. et al., Comment on "The value of tax shields is NOT equal to the present value of tax shields, Quarterly Review of Economics and Finance (2004)

Sanford Institute Working Papers

  1. Glenday, G. & Tham, J., What weights in the WACC?, Sanford Institute Working Paper (June, 2003), Duke University
  2. J. Tham, Return to Equity in Project Finance for Infrastructure, Harvard Institute for International Development (HIID), Development Discussion Paper No. 756 (February, 2000)  [abs]
  3. J. Tham, Multiperiod Financial Discount Rates in Project Appraisal, Harvard Institute for International Development (HIID), Development Discussion Paper No. 712 (July, 1999)  [abs]
  4. J. Tham, Financial Discount Rates in Project Appraisal, Harvard Institute for International Development (HIID), Development Discussion Paper No. 706 (June, 1999)  [abs]
  5. J. Tham, Present Value of the Tax Shield in Project Appraisal, Harvard Institute for International Development (HIID), Development Discussion Paper No. 695 (April, 1999)  [abs]

Other Working Papers

  1. Velez-Pareja, I. and J. Tham, 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 (December 16, 2008)  [abs]
  2. J. Tham, Wacc, Value of Tax Savings and Terminal Value for Growing and Non Growing Perpetuities (October 11, 2007)  [abs]
  3. Velez-Pareja, I., R. Ibragimov, J. Tham, and D. Toro González, How the Regulator Overpays Investor? A Simple Exposition of the Principles of Tariff Setting (August 2, 2007)  [abs]
  4. Velez-Pareja, I. & J. Tham, The Mismatching of Apv and the Dcf in Brealey, Myers and Allen 8th Edition of Principles of Corporate Finance, 2006 (September, 2006)  [abs]
  5. Velez-Pareja, I. & J. Tham, Constant Leverage Modeling: A Reply to 'A Tutorial on the McKinsey Model for Valuation of Companies (June 6, 2006)  [abs]
  6. Velez-Pareja, I. & J. Tham, Valuation of Cash Flows with Constant Leverage: Further Insights (May 20, 2006)  [abs]
  7. Velez-Pareja, I. & J. Tham, Modeling Cash Flows with Constant Leverage: A Note (In Spanish) (June 28, 2005)  [abs]
  8. Velez-Pareja, I. & J. Tham, Modeling Cash Flows with Constant Leverage: A Note (June 28, 2005)  [abs]
  9. J. Tham and Velez-Pareja, I., The Correct Formula for the Return to Levered Equity (for Finite Cash Flows with Zero Growth) with Respect to the M&E WACC (March 7, 2005)  [abs]
  10. J. Tham and Velez-Pareja, I., With Subsidized Debt How do we Adjust the WACC? (March 7, 2005)  [abs]
  11. Velez-Pareja, I. & J. Tham, Proper Solution of Circularity in the Interactions of Corporate Financing and Investment Decisions: A Reply to the Financing Present Value Approach, Management Research News, vol. 28 no. 10 (January, 2005), pp. 65-92
  12. J. Tham and Velez-Pareja, I., For Finite Cash Flows, what is the Correct Formula for the Return to Levered Equity? (May 10, 2004)  [abs]
  13. Velez-Pareja, I. & J. Tham, Timanco S.A.: Unpaid Taxes, Losses Carried Forward, Foreign Debt, Presumptive Income and Adjustment for Inflation. The Treatment with Dcf and Eva(C) (in Spanish) (March 10, 2004)  [abs]
  14. Velez-Pareja, I. & J. Tham, Hershey Chocolate in Two Flavors: Kd and Ku (February 15, 2004)  [abs]
  15. Velez-Pareja, I. & J. Tham, EVA(c) Made Simple: Is it Possible? (February 9, 2004)  [abs]
  16. J. Tham and Velez-Pareja, I., Top 9 (Unnecessary and Avoidable) Mistakes in Cash Flow Valuation (January 29, 2004)  [abs]
  17. Velez-Pareja, I. & J. Tham, Consistency in Chocolate. A Fresh Look at Copeland's Hershey Foods & Co Case (January 18, 2004)  [abs]
  18. Velez-Pareja, I. & J. Tham, Do the RIM (Residual Income Model), EVA(R) and DCF (Discounted Cash Flow) Really Match? (Coinciden EVA(R) y Utilidad Economica (UE) con los metodos de Flujo de Caja Descontado en valoracion de empresas?) (Spanish version) (August 6, 2003)  [abs]

Papers Published

  1. Velez-Pareja, I., R. Ibragimov & J. Tham, Constant Leverage and Constant Cost of Capital: A Common Knowledge Half-Truth, Estudios Gerenciales, vol. 24 no. 107 (June, 2008), pp. 13-34  [abs]
  2. Velez-Pareja, I., J. Tham, and V. Fernandez, Adjustment of the Wacc with Subsidized Debt in the Presence of Corporate Taxes: The N-Period Case, Estudios de Administración, vol. 12 no. 2 (March 17, 2005), pp. 45-66  [abs]
  3. Fieten P., Kruschwitz L., Laitenberger J., Löffler A., Tham J., Vélez-Pareja I. and Wonder N., Comment on “The value of tax shields is NOT equal to the present value of tax shields”, The Quarterly Review of Economics and Finance, vol. 45 no. 1 (February, 2005), pp. 184-187  [abs]
  4. J. Tham and Velez-Pareja, I., An Integrated, Consistent Market-Based Framework for Valuing Finite Cash Flows, Management Research News, vol. 28 no. 10 (January, 2005), pp. 65-92  [abs]
  5. J. Tham, Coinciden EVA© y flujo de Caja Descondado?, Poliantea (May, 2004), Revista Academica y Cultural Fundacion Politecnico Grancolombiano Institucion Universitaria No. 1

Other

  1. J. Tham, Equivalence between the Discounted Cash Flow (DCF) and Residual Income (RI). manuscript (2001)
  2. Sabin, L. & Tham, J., Conceptual Issues in Financial Risk Analysis: a Review for Practitioners. manuscript (2001)
  3. J. Tham, Enrollment Trends in Junior Secondary Education (JSE), 1986-1994, Reports on Indonesian education (unpublished) (1996)
  4. J. Tham, Measures of Efficiency in Junior Secondary Education (JSE), 1986-1994: dropouts, repeaters and graduates, Reports on Indonesian education (unpublished) (1996)
  5. J. Tham, Human and Physical Resources for Junior Secondary Education (JSE), 1986-1994, Report on Indonesian education (unpublished) (1996)
  6. J. Tham, Analysis of Development and Routine Expenditures for Junior Secondary Education (JSE), Report on Indonesian education (unpublished) (1996)
  7. J. Tham, Estimate of the cost for expansion of Junior Secondary Education (JSE), Report on Indonesian education (unpublished) (1996)
  8. J. Tham, Parents' Expenditures on Junior Secondary Education (JSE), Report on Indonesian education (unpublished) (1996)

Book Chapter

  1. Velez-Pareja, I. & J. Tham, Prospective Analysis: Guidelines for Forecasting Financial Statements, in Investment Management: A Modern Guide to Security Analysis and Stock Selection, edited by S. R. Vishwanath and Chandrasekhar Krishnamurti (2009), pp. 155-225, Springer, ISBN 978-3-540-88801-7  [abs]