Ohlson, James A.; Lopes, Alexsandro Broedel - In: Brazilian Business Review 4 (2007) 2, pp. 95-102
In this paper we integrate the PVED, FCF, RIV and AEG valuation models and argue that the AEG model is practically and theoretically superior to their correspondents. We show that a firm’s market price is a function of its expected earnings, short and long term growth in earnings and its cost...