Publications of Joseph Tham    :chronological  alphabetical  combined  bibtex listing:

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Books

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

Journal Articles

  1. Tham, J; 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, ; al, JE. "Comment on "The value of tax shields is NOT equal to the present value of tax shields." Quarterly Review of Economics and Finance (2004).

Chapters in Books

  1. Pareja, IV; Tham, J. "Capital Budgeting and Inflation." Capital Budgeting Valuation: Financial Analysis for Today's Investment Projects. May, 2013: 197-214. [doi]
  2. Velez-Pareja, I; Tham, J. "Prospective Analysis: Guidelines for Forecasting Financial Statements." Investment Management. May, 2008  [abs]

Sanford Institute Working Papers

  1. Glenday, G; Tham, J. "What weights in the WACC?."   (June, 2003).
  2. Tham, J. "Return to Equity in Project Finance for Infrastructure."   (February, 2000).  [abs]
  3. Tham, J. "Multiperiod Financial Discount Rates in Project Appraisal."   (July, 1999).  [abs]
  4. Tham, J. "Financial Discount Rates in Project Appraisal."   (June, 1999).  [abs]
  5. Tham, J. "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; Tham, J. "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. Velez-Pareja, I; Tham, J. "Wacc, Value of Tax Savings and Terminal Value for Growing and Non Growing Perpetuities."   (October 11, 2007).  [abs]
  3. Velez-Pareja, I; Ibragimov, R; Tham, J; Toro González, D. "How the Regulator Overpays Investor? A Simple Exposition of the Principles of Tariff Setting."   (August 2, 2007).  [abs]
  4. Velez-Pareja, I; Tham, J. "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; Tham, J. "Constant Leverage Modeling: A Reply to 'A Tutorial on the McKinsey Model for Valuation of Companies'."   (June 6, 2006).  [abs]
  6. Velez-Pareja, I; Tham, J. "Valuation of Cash Flows with Constant Leverage: Further Insights."   (May 20, 2006).  [abs]
  7. Velez-Pareja, I; Tham, J. "Modeling Cash Flows with Constant Leverage: A Note (In Spanish)."   (June 28, 2005).  [abs]
  8. Velez-Pareja, I; Tham, J. "Modeling Cash Flows with Constant Leverage: A Note."   (June 28, 2005).  [abs]
  9. Tham, J; 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. Tham, J; Velez-Pareja, I. "With Subsidized Debt How do we Adjust the WACC?."   (March 7, 2005).  [abs]
  11. Tham, J; Velez-Pareja, I. "For Finite Cash Flows, what is the Correct Formula for the Return to Levered Equity?."   (May 10, 2004).  [abs]
  12. Velez-Pareja, I; Tham, J. "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]
  13. Velez-Pareja, I; Tham, J. "Hershey Chocolate in Two Flavors: Kd and Ku."   (February 15, 2004).  [abs]
  14. Velez-Pareja, I; Tham, J. "EVA(c) Made Simple: Is it Possible?."   (February 9, 2004).  [abs]
  15. Tham, J; Velez-Pareja, I. "Top 9 (Unnecessary and Avoidable) Mistakes in Cash Flow Valuation."   (January 29, 2004).  [abs]
  16. Velez-Pareja, I; Tham, J. "Consistency in Chocolate. A Fresh Look at Copeland's Hershey Foods & Co Case."   (January 18, 2004).  [abs]
  17. Velez-Pareja, I; Tham, J. "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; Ibragimov, R; Tham, J. "Constant Leverage and Constant Cost of Capital: A Common Knowledge Half-Truth." Estudios Gerenciales 24.107 (June, 2008): 13-34.  [abs]
  2. Vélez-Pareja, I; Tham, J. "An Embarrassment of Riches: Winning Ways to Value with the WACC." 5 (February, 2006): 1-23.  [abs]
  3. Vélez-Pareja, I; Tham, J; Fernández, V. "Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: The N-Period Case." 4 (October, 2005): 1-19.  [abs]
  4. Velez-Pareja, I; Tham, J; Fernandez, V. "Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: the N-Period Case." 12.2 (March 17, 2005): 45-66.  [abs]
  5. Tham, J; Velez Pareja, I. "An Integrated, Consistent Market-Based Framework for Valuing Finite Cash Flows." Management Research News 28.10 (January, 2005): 65-92.  [abs]
  6. Tham, J. "Coinciden EVA© y flujo de Caja Descondado?." Poliantea (May, 2004).
  7. Tham, J; Velez-Pareja, I; Wonder, NX. "Comment on 'The Value of Tax Shields is NOT Equal to the Present Value of Tax Shields'." 45.1 (February, 2005): 184-187.  [abs]

Book Chapter

  1. Velez-Pareja, I; Tham, J. "Prospective Analysis: Guidelines for Forecasting Financial Statements." Investment Management: A Modern Guide to Security Analysis and Stock Selection. Ed. Vishwanath, SR; Krishnamurti, C Springer, 2009: 155-225.  [abs]

Other

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

Joseph Tham