Andreas Loeffler

Freie Universität Berlin

Chair of banking and finance

Boltzmannstr. 20

Berlin, 14195

Germany

http://www.andreasloeffler.de

SCHOLARLY PAPERS

22

DOWNLOADS
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CITATIONS
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SSRN RANKINGS

Top 14,214

in Total Papers Citations

26

Scholarly Papers (22)

1.

Damodaran’s Country Risk Premium: A Serious Critique

Number of pages: 20 Posted: 31 Jul 2010 Last Revised: 04 Aug 2010
Lutz Kruschwitz, Andreas Loeffler and Gerwald Mandl
Free University of Berlin (FUB) - Department of Business and Economics, Freie Universität Berlin and University of Graz
Downloads 1,564 (6,710)

Abstract:

Country Risk Premium, Valuation, Cost of Capital

2.

WACC Approach and Nonconstant Leverage Ratio

Number of pages: 8 Posted: 20 Feb 1998
Andreas Loeffler
Freie Universität Berlin
Downloads 1,349 (8,990)
Citation 1

Abstract:

3.

WACC and APV Revisited

Number of pages: 11 Posted: 28 Jul 1998
Andreas Loeffler and Lutz Kruschwitz
Freie Universität Berlin and Free University of Berlin (FUB) - Department of Business and Economics
Downloads 1,332 (10,378)
Citation 2

Abstract:

4.

Tax Shields in an LBO

Freie University Working Paper No. 2000/02
Number of pages: 12 Posted: 03 Apr 2000
Andreas Loeffler
Freie Universität Berlin
Downloads 1,261 (11,287)

Abstract:

5.

WACC Is Not an Expected Return of the Levered Firm

Number of pages: 10 Posted: 27 Nov 2002
Andreas Loeffler
Freie Universität Berlin
Downloads 892 (19,661)

Abstract:

cost of capital, capital budgeting

6.

The Miles & Ezzell (M & E) WACC Reconsidered

Number of pages: 34 Posted: 04 Feb 2002
Joseph Tham and Andreas Loeffler
Duke University - Duke Center for International Development in the Sanford School of Public Policy and Freie Universität Berlin
Downloads 865 (20,628)
Citation 4

Abstract:

Risk-neutral valuation, WACC Theory

7.

Existence and Uniqueness in the CAPM with a Riskless Asset

Number of pages: 12 Posted: 16 Oct 1996
Andreas Loeffler and Thorsten Hens
Freie Universität Berlin and University of Zurich - Department of Banking and Finance
Downloads 846 (21,351)

Abstract:

8.

Market Demand Functions in the CAPM

Number of pages: 15 Posted: 01 Feb 1997
Jean-Marc Bottazzi, Thorsten Hens and Andreas Loeffler
Paris School of Economics (PSE), University of Zurich - Department of Banking and Finance and Freie Universität Berlin
Downloads 751 (25,611)
Citation 2

Abstract:

9.

Miles-Ezzell's WACC Approach Yields Arbitrage

Number of pages: 15 Posted: 09 Oct 2001
Andreas Loeffler
Freie Universität Berlin
Downloads 686 (25,043)
Citation 1

Abstract:

WACC, leverage ratio, tax shield

10.

Capital Budgeting In Arbitrage-free Markets

Number of pages: 12 Posted: 24 Jul 2002
Jörg Laitenberger and Andreas Loeffler
University of Hannover - Economics and Business Administration Area and Freie Universität Berlin
Downloads 656 (30,489)
Citation 1

Abstract:

cost of capital, capital budgeting

11.

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

The Quarterly Review of Economics and Finance, Vol. 45, No. 1, pp. 188-192, February 2005
Number of pages: 8 Posted: 31 Dec 2003 Last Revised: 01 Apr 2009
Western Washington University - College of Business & Economics, Ernst & Young, The Netherlands, Free University of Berlin (FUB) - Department of Business and Economics, University of Hannover - Economics and Business Administration Area, Freie Universität Berlin, Duke University - Duke Center for International Development in the Sanford School of Public Policy and Grupo Consultor CAV Capital Advisory & Valuation
Downloads 561 (36,022)
Citation 2

Abstract:

Present value of tax shield, perpetuities

Comment on 'The Value of Tax Shields is NOT Equal to the Present Value of Tax Shields'

Quarterly Review of Economics and Finance, Vol. 45, February 2005
Posted: 30 Dec 2004
Ernst & Young, The Netherlands, Grupo Consultor CAV Capital Advisory & Valuation, Free University of Berlin (FUB) - Department of Business and Economics, University of Hannover - Economics and Business Administration Area, Freie Universität Berlin, Duke University - Duke Center for International Development in the Sanford School of Public Policy and Western Washington University - College of Business & Economics

Abstract:

Present value of tax shield, perpetuities

13.

WACC and a Generalized Tax Code

U. of Hannover, FB Wiwi, Diskussionspapier 243 (2001)
Number of pages: 8 Posted: 10 Oct 2001
Sven Husmann, Lutz Kruschwitz and Andreas Loeffler
Free University of Berlin (FUB), Free University of Berlin (FUB) - Department of Business and Economics and Freie Universität Berlin
Downloads 438 (51,611)
Citation 2

Abstract:

WACC; Leverage ratio; Tax shield

14.

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

Number of pages: 7 Posted: 25 Nov 2003
Western Washington University - College of Business & Economics, Grupo Consultor CAV Capital Advisory & Valuation, Duke University - Duke Center for International Development in the Sanford School of Public Policy, Freie Universität Berlin and Ernst & Young, The Netherlands
Downloads 363 (64,440)
Citation 8

Abstract:

Present value of tax shield, perpetuities

15.

Martingales, Taxes, and Neutrality

Number of pages: 27 Posted: 21 Apr 2003
Andreas Loeffler and Dirk Schneider
Freie Universität Berlin and affiliation not provided to SSRN
Downloads 263 (91,583)

Abstract:

arbitrage-free valuation, equivalent martingale measure, taxes, uncertainty

16.

Do Taxes Matter in the CAPM?

BuR Business Research Journal, Vol. 2, No. 2, December 2009
Number of pages: 8 Posted: 12 Mar 2010
Lutz Kruschwitz and Andreas Loeffler
Free University of Berlin (FUB) - Department of Business and Economics and Freie Universität Berlin
Downloads 238 (70,619)

Abstract:

CAPM, Tax-CAPM, equilibrium, taxes, CARA utility

17.

Public Information and Unknown Capital Market Participants

Number of pages: 23 Posted: 12 Sep 2011
Christian Hofmann and Andreas Loeffler
Ludwig Maximilian University of Munich - Faculty of Business Administration (Munich School of Management) and Freie Universität Berlin
Downloads 52 (301,906)

Abstract:

public information, equilibrium, unkown risk aversion

18.

Transversality and the Stochastic Nature of Cash Flows

Number of pages: 19 Posted: 01 Jan 2014
Lutz Kruschwitz and Andreas Loeffler
Free University of Berlin (FUB) - Department of Business and Economics and Freie Universität Berlin
Downloads 44 (296,970)

Abstract:

transversality, discounted cash flow, mean reversion, autoregression

19.

Mue-Sigma Games

Number of pages: 15 Posted: 21 Feb 2015
Uwe Dulleck and Andreas Loeffler
Queensland University of Technology - School of Economics and Finance and Freie Universität Berlin
Downloads 8 (485,141)

Abstract:

20.

DCF (Part I)

Posted: 22 Apr 2003
Andreas Loeffler and Lutz Kruschwitz
Freie Universität Berlin and Free University of Berlin (FUB) - Department of Business and Economics

Abstract:

Discounted Cash Flow, WACC, APV, Cost of Capital

21.

Payback is Better than its Reputation!

OR Spektrum, Vol. 21, Issue 1-2, 1999
Posted: 02 Mar 1999
Lutz Kruschwitz and Andreas Loeffler
Free University of Berlin (FUB) - Department of Business and Economics and Freie Universität Berlin

Abstract:

22.

On Uniqueness of Equilibria in the CAPM

Zurich IEER Working Paper No. 39
Number of pages: 17 Posted: 26 Jul 2000
Thorsten Hens, Jörg Laitenberger and Andreas Loeffler
University of Zurich - Department of Banking and Finance, University of Hannover - Economics and Business Administration Area and Freie Universität Berlin
Downloads 0
Citation 3

Abstract: