Showing 1 - 10 of 13,897
Persistent link: https://www.econbiz.de/10003032429
Persistent link: https://www.econbiz.de/10010463750
The valuation of equities remains a challenge both in practice and in theory. The value of an asset must reflect the … and compared to the standard valuation model. This model is based on modern asset pricing theory where the prices of … begin by reviewing basic asset pricing theory from which all three valuation models are derived. Having set the theoretical …
Persistent link: https://www.econbiz.de/10013297839
Persistent link: https://www.econbiz.de/10014253872
Persistent link: https://www.econbiz.de/10012197687
In all investment decisions it is important to determine the degree of uncertainty associated with the valuation of a company. We propose an original and robust methodology to company valuation which replaces the traditional point estimate of the conventional Discounted Cash Flow (DCF) with a...
Persistent link: https://www.econbiz.de/10012224260
It is well-known that stock prices fluctuate far more than dividends. Traditional valuation methods are not able to depict this fact. In this paper we incorporate excess volatility into a simple DCF model by considering an autoregressive cash flows process with random coefficients. We show that...
Persistent link: https://www.econbiz.de/10012228345
Persistent link: https://www.econbiz.de/10012306840
Persistent link: https://www.econbiz.de/10011856315