Andreas Loeffler

Freie Universität Berlin

Chair of banking and finance

Thielallee 73

Berlin, 14195

Germany

http://www.andreasloeffler.de

  • Freie Universität Berlin

SCHOLARLY PAPERS

24

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15

CROSSREF CITATIONS

51

Scholarly Papers (24)

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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 2,721 (8,322)
Citation 1

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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 1,830 (15,675)
Citation 5

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3.

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 1,531 (20,627)
Citation 3

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4.

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 1,461 (22,183)

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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 1,021 (37,276)
Citation 3

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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
Educational Independent Consultant and Freie Universität Berlin
Downloads 965 (40,365)
Citation 4

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Risk-neutral valuation, WACC Theory

7.

Miles-Ezzell's Wacc Approach Yields Arbitrage

Number of pages: 15 Posted: 09 Oct 2001
Andreas Loeffler
Freie Universität Berlin
Downloads 941 (41,851)
Citation 4

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WACC, leverage ratio, tax shield

8.

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 920 (43,212)
Citation 1

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9.

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 817 (50,892)
Citation 2

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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 721 (60,119)
Citation 2

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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
Nicholas X. Wonder, Paul Fieten, Lutz Kruschwitz, Jörg Laitenberger, Andreas Loeffler, Joseph Tham and Ignacio Velez-Pareja
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, Educational Independent Consultant and Grupo Consultor CAV Capital Advisory & Valuation
Downloads 666 (66,635)

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Present value of tax shield, perpetuities

12.

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

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

Posted: 30 Dec 2004
Paul Fieten, Ignacio Velez-Pareja, Lutz Kruschwitz, Jörg Laitenberger, Andreas Loeffler, Joseph Tham and Nicholas X. Wonder
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, Educational Independent Consultant and Western Washington University - College of Business & Economics

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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 496 (96,158)
Citation 1

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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
Nicholas X. Wonder, Ignacio Velez-Pareja, Joseph Tham, Andreas Loeffler and Paul Fieten
Western Washington University - College of Business & Economics, Grupo Consultor CAV Capital Advisory & Valuation, Educational Independent Consultant, Freie Universität Berlin and Ernst & Young, The Netherlands
Downloads 418 (117,899)
Citation 14

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Present value of tax shield, perpetuities

15.

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 408 (121,185)

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

16.

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 317 (159,997)
Citation 6

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

17.

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 114 (398,393)
Citation 2

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transversality, discounted cash flow, mean reversion, autoregression

18.

A Stochastic Gordon-Shapiro Formula with Excess Volatility

Number of pages: 20 Posted: 18 Feb 2021 Last Revised: 31 May 2023
Lutz Kruschwitz and Andreas Loeffler
Free University of Berlin (FUB) - Department of Business and Economics and Freie Universität Berlin
Downloads 109 (411,489)

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excess volatility, Gordon Shapiro, valuation, transversality, equity premium puzzle

19.

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 94
Citation 36

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20.

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 (LMU) - Faculty of Business Administration (Munich School of Management) and Freie Universität Berlin
Downloads 93 (458,645)

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public information, equilibrium, unkown risk aversion

21.

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 54 (617,000)

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22.

A Stochastic Gordon-Shapiro Formula and the Equity Premium Puzzle Reconsidered

Number of pages: 19 Posted: 08 Jun 2023
Lutz Kruschwitz and Andreas Loeffler
Free University of Berlin (FUB) - Department of Business and Economics and Freie Universität Berlin
Downloads 32 (761,952)

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excess volatility, Gordon Shapiro, valuation, transversality, equity premium puzzle

23.

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

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Discounted Cash Flow, WACC, APV, Cost of Capital

24.

Payback is Better than its Reputation!

Posted: 02 Mar 1999
Lutz Kruschwitz and Andreas Loeffler
Free University of Berlin (FUB) - Department of Business and Economics and Freie Universität Berlin

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