Space Value Foundation recognises that financial education is the most reliable way to bring about long-term changes in the mindset that governs investments, their valuation, and execution.
Space Value Foundation's educational objective
Our primary objective is to change the underlying value paradigm of investment decisions and monetary value, in public and private spheres, in projects and companies, in instruments and markets. Such that, space impact (across all layers) is factored into the financial economics of those decisions at the outset – rather than after the event when impact has already occurred. We aim to achieve such a transformation through a dynamic content offering online, workshops and seminars, and a proactive engagement with clients, partners, and other sustainability initiatives.
What We Offer
With the direct involvement and leadership of Dr. Armen V. Papazian, the Space Value Foundation offers thought-provoking and mind-stretching educational and analytical content to you and your teams.
- Workshops, trainings, seminars
- Lectures and keynote speeches
- Courses
- In Person or online
Please contact us for further details on our educational offering by writing to us: info@spacevaluefoundation.com
You can also submit an educational service inquiry below:
If you are already clear on what you want and would like to book a service, you can start by submitting the form below:
“The current analytical framework of the finance discipline, in industry and academia, rests on two core principles: Risk and Return and Time Value of Money. This focus reveals a value paradigm built and defined by Risk and Time parameters, without any formal consideration of Space as an analytical dimension, nor any assessment of impact on space as our physical context. A review of finance literature in industry and academia supports this observation.”
The Space Value of Money, 2022
Rethinking Finance Beyond Risk and Time
Space—as an analytical dimension and our physical context—is missing from the current financial value framework and equations that guide millions of investment and capital decisions around the world.
Risk and Return and Time Value of Money dominate and define the entire imaginative space within which theory and applied models are developed and taught.
Commonly used textbooks in finance substantiate this claim. Toggle below to see further examples of finance literature and models, all built exclusively in a risk-time universe.
- Brealey, A.R., Myers, C.S., Allen, F. (2020). Principles of Corporate Finance. 13th Ed. McGraw Hill.
- Choudhry, M. (2018). Past, Present, and Future Principles of Banking and Finance. Wiley.
- Choudhry, M. (2012). The Principles of Banking. Wiley.
- Damodaran, A. (2017). Damodaran on Valuation. 2nd Ed. Wiley.
- Damodaran, A. (2012). Investment Valuation. 3rd Ed. Wiley.
- Fama, E.F., French, K.R. (2015) A five-factor asset pricing model. Journal of Financial Economics, 116: 1-22. https://doi.org/10.1016/j.jfineco.2014.10.010.
- Fama, E.F., French, K.R. (2004). The Capital Asset Pricing Model: Theory and Evidence. Journal of Economic Perspectives, 18: 25-46. https://www.aeaweb.org/articles?id=10.1257/0895330042162430.
- Fama, E.F., French, K.R. (1996). Multifactor Explanations of Asset Pricing Anomalies. The Journal of Finance, 51: 55-84. https://doi.org/10.1111/j.1540-6261.1996.tb05202.x.
- Gordon, M.J., Shapiro, E. (1956). Capital Equipment Analysis: The Required Rate of Profit. Management Science, 3: 102-110. https://www.jstor.org/stable/2627177.
- Isaac, D., O’Leary, J. (2013). Property Valuation Techniques. 3rd Ed. Palgrave Macmillan.
- Koller, T., Goedhart, M., Wessels, D., McKinsey & Company. (2015). Valuation: Measuring and Managing the Value of Companies. 6th Ed. Wiley.
- Koller, T., Dobbs, R., Huyett, B., McKinsey & Company. (2011). Value: The Four Cornerstones of Corporate Finance. 6th Ed. Wiley.
- Markowitz, H. (1952). Portfolio Selection. The Journal of Finance, 7: 77-91. https://doi.org/10.2307/2975974.
- Modigliani, F., Miller, M.H. (1958). The Cost of Capital, Corporation Finance and the Theory of Investment. The American Economic Review, 48: 261-297. https://www.jstor.org/stable/1809766.
- Pike, R., Neale, B., Akbar, S., Linslley, P. (2018). Corporate Finance and Investment. 9th Ed. Pearson.
- Ross, S.A. (1976). The Arbitrage Theory of Capital Asset Pricing. Journal of Economic Theory. 13: 341-60. https://doi.org/10.1016/0022-0531(76)90046-6.
- Sharpe WF (1964) Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk. Journal of Finance, 19: 425-42. https://doi.org/10.1111/j.1540-6261.1964.tb02865.x.
- Watson, D., Head, A. (2016). Corporate Finance: Principles and Practice. 7th ed. Pearson.
- Yescombe, E.R. (2014). Principles of Project Finance. 2nd Ed. Oxford Academic Press.