Schüler, Andreas; Wünsche, Sebastian - In: Schmalenbach Journal of Business Research (SBUR) 75 (2023) 2, pp. 239-266
The objective of our paper is to analyze, how valuation practice deals with inflation especially for the terminal value … assumed for the steady-state (terminal value) by comparing them to different estimators for the inflation rate expected at the …, inflation swaps). We quantify the implications of using different inflation rates for future cash flow development, terminal …