Ivanovski, Zoran; Ivanovska, Nadica; Narasanov, Zoran - In: UTMS journal of economics / University of Tourism and … 6 (2015) 1, pp. 147-154
outmoded, but much of the intuition that drives Discounted Cash Flow (DCF) valuation is embedded in the DDM model. There are … research is to examine if DDM models offer relevant and safe valuation of long-term securities at Macedonian Stock Exchange … (MSE) through the process of empirical valuation of random chosen stocks. This research helped us to identify problems in …