|Residence||New York City, United States|
|Alma mater|| Madras University (B.Com.) |
IIM Bangalore (MS in Management)
UCLA Anderson School of Management (M.B.A. & Ph.D.)
|Employer||New York University Stern School of Business|
|Known for||Finance and Investment research|
Richard L. Rosenthal Award for Innovation in Investment Management and Corporate Finance
ContentsHerbert Simon Award
|Website||Damodaran Online · blog|
Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University (Kerschner Family Chair in Finance Education), where he teaches corporate finance and equity valuation. He is best known and famous as author of several widely used academic and practitioner texts on Valuation, Corporate Finance and Investment Management. Damodaran is widely quoted on the subject of valuation, with "a great reputation as a teacher and authority".He has written several books on equity valuation, as well on corporate finance and investments. He is also widely published in leading journals of finance, including The Journal of Financial and Quantitative Analysis, The Journal of Finance , The Journal of Financial Economics and the Review of Financial Studies . He is also known as being a resource on valuation and analysis to investment banks on Wall Street.
Professor is an academic rank at universities and other post-secondary education and research institutions in most countries. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences, a teacher of the highest rank.
Finance is a field that is concerned with the allocation (investment) of assets and liabilities over space and time, often under conditions of risk or uncertainty. Finance can also be defined as the art of money management. Participants in the market aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be split into three sub-categories: public finance, corporate finance and personal finance.
New York University (NYU) is a private research university spread throughout the world. Founded in 1831, NYU's historical campus is in Greenwich Village, New York City. As a global university, students can graduate from its degree-granting campuses in NYU Abu Dhabi and NYU Shanghai, as well as study at its 12 academic centers in Accra, Berlin, Buenos Aires, Florence, London, Los Angeles, Madrid, Paris, Prague, Sydney, Tel Aviv, and Washington, D.C.
Prior to joining NYU, he served as visiting lecturer at the University of California, Berkeley from 1984 to 1986. He was profiled in Business Week as one of the top 12 U.S. business school professors; he has also received awards for excellence in teaching from both universities.Damodaran also teaches on the TRIUM Global Executive MBA Program, an alliance of NYU Stern, the London School of Economics and HEC School of Management, and for the Master of Science in Global Finance (MSGF), which is a joint program between Stern and the Hong Kong University of Science and Technology. He also teaches the "Valuation" Open Enrollment program for Stern Executive Education. Widely recognized for his online contribution in the world of valuation, Aswath Damodaran is also a teacher for the "Advanced Valuation" and "Corporate Finance" online certificates at NYU Stern.
The University of California, Berkeley is a public research university in Berkeley, California. It was founded in 1868 and serves as the flagship institution of the ten research universities affiliated with the University of California system. Berkeley has since grown to instruct over 40,000 students in approximately 350 undergraduate and graduate degree programs covering numerous disciplines.
A business school is a university-level institution that confers degrees in business administration or management. According to Kaplan business schools are "educational institutions that specialize in teaching courses and programs related to business and/or management". Such a school can also be known as school of management, school of business administration, or colloquially b-school or biz school. A business school teaches topics such as accounting, administration, strategy, economics, entrepreneurship, finance, human resource management, management science, management information systems, international business, logistics, marketing, organizational psychology, organizational behavior, public relations, research methods and real estate among others.
The London School of Economics is a public research university located in London, England, and a constituent college of the federal University of London. Founded in 1895 by Fabian Society members Sidney Webb, Beatrice Webb, Graham Wallas, and George Bernard Shaw for the betterment of society, LSE joined the University of London in 1900 and established its first degree courses under the auspices of the University in 1901. The LSE started awarding its own degrees in 2008, prior to which it awarded degrees of the University of London.
Damodaran holds M.B.A. and Ph.D. degrees from the University of California, Los Angeles Anderson School of Management, along with a B.Com. in Accounting from Madras University and an MBA from the Indian Institute of Management Bangalore.
The University of California, Los Angeles (UCLA) is a public research university in Los Angeles. It became the Southern Branch of the University of California in 1919, making it the second-oldest undergraduate campus of the 10-campus University of California system. It offers 337 undergraduate and graduate degree programs in a wide range of disciplines. UCLA enrolls about 31,000 undergraduate and 13,000 graduate students and had 119,000 applicants for Fall 2016, including transfer applicants, making the school the most applied-to of any American university.
Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
Indian Institute of Management Bangalore (IIMB) is a public management school and an Institute of National Importance located in Bangalore, Karnataka, India. Founded in 1973, it was the third IIM to be established, after IIM Calcutta and IIM Ahmedabad.
Real options valuation, also often termed real options analysis, applies option valuation techniques to capital budgeting decisions. A real option itself, is the right—but not the obligation—to undertake certain business initiatives, such as deferring, abandoning, expanding, staging, or contracting a capital investment project. For example, the opportunity to invest in the expansion of a firm's factory, or alternatively to sell the factory, is a real call or put option, respectively.
Financial modeling is the task of building an abstract representation of a real world financial situation. This is a mathematical model designed to represent the performance of a financial asset or portfolio of a business, project, or any other investment.
Cash-flow return on investment (CFROI) is a valuation model that assumes the stock market sets prices based on cash flow, not on corporate performance and earnings.
The New York University Leonard N. Stern School of Business is the business school of New York University. It is also a founding member of the Association to Advance Collegiate Schools of Business. Established as the School of Commerce, Accounts and Finance in 1900, the school changed its name in 1988 in honor of Leonard N. Stern, an alumnus and benefactor of the school. One of the most prestigious business schools in the world, it is also one of the oldest. The school is located on NYU's Greenwich Village campus next to the Courant Institute of Mathematical Sciences. Its alumni include some of the wealthiest in the world, as well as top business leaders and executives.
Edward I. Altman is a Professor of Finance, Emeritus, at New York University's Stern School of Business. He is best known for the development of the Altman Z-score for predicting bankruptcy which he published in 1968. Professor Altman is a leading academic on the High-Yield and Distressed Debt markets and is the pioneer in the building of models for credit risk management and bankruptcy prediction. He is the brother of Stuart Altman, a noted health care economist.
Ingo Walter is a professor of finance, corporate governance and ethics as well as Vice Dean of Faculty at New York University's Stern School of Business.
Kenneth C. Froewiss was a Clinical Professor of Finance at the New York University Stern School of Business, and specialized investment banking, mergers and acquisitions, and corporate governance. Professor Froewiss also taught for the TRIUM Global Executive MBA Program, an alliance of NYU Stern, the London School of Economics and HEC School of Management, and served as Academic Director of Executive Programs at NYU Stern.
Richard Eugene Sylla is Henry Kaufman Professor of the History of Financial Institutions and Markets and a professor of economics, entrepreneurship, and innovation at New York University Stern School of Business. He teaches courses in financial history, economic and business history of the United States, and comparative enterprise systems. Professor Sylla also teaches for the TRIUM Global Executive MBA Program alliance of NYU Stern, the London School of Economics and HEC School of Management, and serves as Academic Director of Executive Programs at NYU Stern. Sylla is also a guest curator of a number of the Museum of American Finance's exhibits.
Larry Zicklin is a former Chairman of the Board of investment management firm, Neuberger Berman. He is currently a Clinical Professor at Stern School of Business at New York University and teaches courses in Corporate Governance and the Management of a Financial Business at Stern and courses on Financial Ethics and Management at Baruch College, CUNY. He teaches for the TRIUM Global Executive MBA Program, an alliance of NYU Stern, the London School of Economics and HEC School of Management. Zicklin is also a Senior Fellow at the Wharton School at the University of Pennsylvania. At NYU and Penn he teaches a combination of Business Ethics and Professional Responsibility.
TRIUM Global Executive MBA program is an alliance between NYU Stern School of Business, London School of Economics and Political Science (LSE), and HEC School of Management, Paris. TRIUM is ranked at #2 in the world in the 2018 Financial Times EMBA rankings and #1 in the 2014 edition.
Dhananjay "Dan" Gode is a Clinical Associate Professor of Accounting, Taxation, and Business law at New York University Stern School of Business. He teaches courses in corporate financial accounting, and also teaches for the TRIUM Global Executive MBA Program, an alliance of NYU Stern, the London School of Economics and HEC School of Management.
Edwin Elton is a Nomura Professor of Finance at New York University Stern School of Business and Academic Director of the Stern Doctoral Program. Professor Elton also teaches for the Master of Science in Global Finance (MSGF), which is a joint program between Stern and the Hong Kong University of Science and Technology.
Jennifer N. Carpenter is an American finance academic best known for her pioneering research into executive stock options. Other interests include fund manager compensation, survivorship bias, corporate bonds, and option pricing. She has been published in numerous journals including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Business.
New York University (NYU) Stern Global Programs offer three advanced degree programs in partnership with international schools.
Joel M. Stern is Chairman and Chief Executive Officer of Stern Value Management, formerly Stern Stewart & Co, and the creator and developer of economic value added (EVA). He is a recognised authority on financial economics, corporate performance measurement, corporate valuation and incentive compensation and is a pioneer and leading advocate of the concept of shareholder value. He is also active in academia, and in the media.
Master of Science in Global Finance (MSGF) program is a one-year executive-format master degree program jointly offered by Hong Kong University of Science and Technology and NYU Stern School of Business since 2007.
In finance, a contingent claim is a derivative whose future payoff depends on the value of another “underlying” asset, or more generally, that is dependent on the realization of some uncertain future event. These are so named, since there is only a payoff under certain contingencies. Any derivative instrument that is not a contingent claim is called a forward commitment. The prototypical contingent claim is an option, the right to buy or sell the underlying asset at a specified exercise price by a certain expiration date; whereas (vanilla) swaps, forwards, and futures are forward commitments, since these grant no such optionality. Contingent claims are applied under financial economics in developing models and theory, and in corporate finance as a valuation framework.
Corporate finance is an area of finance that deals with sources of funding, the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to maximize or increase shareholder value. Although it is in principle different from managerial finance which studies the financial management of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.
Investment Valuation: Tools and Techniques for Determining the Value of Any Asset is a textbook on valuation, corporate finance, and investment management by Aswath Damodaran. The text was initially published by John Wiley & Sons on October 11, 1995, and is now available in its third edition as a part of Wiley Finance series.
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