EARNINGS VALUATION AND SOURCES OF GROWTH

A structural discounted cash flow (DCF) model shows that the underlying sources of earnings growth generate very different growth paths and equity values than assumed in traditional DCF calculations. Moreover, the structural DCF model can assess the impact of exogenous factors on valuation, uncovering new costs of deflation or high inflation among other results. These findings have important implications for researchers, policy makers, and practitioners.

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Year of publication:	2008-10
Authors:	Shaffer, Sherrill
Institutions:	College of Business and Economics, Australian National University

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Extent:	application/pdf
Series:	CAMA Working Papers.
Type of publication:	Book / Working Paper
Notes:	32 pages
Classification:	G12 - Asset Pricing ; E31 - Price Level; Inflation; Deflation ; L1 - Market Structure, Firm Strategy, and Market Performance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005734272