Principles of Cash Flow Valuation, published by Academic Press, Elsevier, in 2004, is the only book available that focuses exclusively on cash flow valuation, with a special emphasis on the Capital Cash Flow (CCF) approach.This text provides a comprehensive and practical, market-based framework...

In this note, we discuss two fundamental principles for Cash Flow Valuation (CFV). We hope that adherence to these two principles will improve the practice of CFV. These principles are general, relatively uncontroversial, and should be acceptable as starting points for cash flow valuation....

The valuation of assets, both tangible and intangible, is an important element of corporate finance. Putting a price tag on ideas is almost impossible, and in the new economy, where companies grow dependent on intangible assets all the time, market volatility can be attributed in large part to...