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This paper intends to highlight a framework for valuating companies using the Discounted Cash Flow (DCF) model. This framework is a culmination of time spent at the AGSM, previous academic research on valuations and industry mentorship by various mentors/advisors in the financial services sector
Persistent link: https://www.econbiz.de/10012833221
The paper addresses value measurement bases used in professional valuation. We, specifically, consider semantic and methodological features of equitable/fair value as a sui generis basis of Professional valuation. As used in the field of professional valuation, equitable/fair value is the...
Persistent link: https://www.econbiz.de/10012836070
This paper investigates the validity and usefulness of “hybrid” valuation models. We recast the model in Ohlson and Johannesson (2016) as a hybrid of the Dividend Discount Model and an earnings-based price multiple model, and develop a new hybrid model that generalizes the Residual Income...
Persistent link: https://www.econbiz.de/10012901969
In this paper, we value a large sample of tenant-in-common (TIC) investments based on cash flow projections found in 194 private placement memoranda. Our sample of TIC offering documents covers approximately 20% of the TIC industry from 2004 to 2009. Based on the sponsor's projections, we find...
Persistent link: https://www.econbiz.de/10013058417
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Chapter 1: The Ford Dollar: The Mysterious Multiple -- Chapter 2: The Value Triangle -- Chapter 3: Valuation Ratios -- Chapter 4: Interpretations: P/E as a Dependent Variable -- Chapter 5: Applications: P/E as an Independent Variable -- Chapter 6: Assessments and Qualifications -- Afterword:...
Persistent link: https://www.econbiz.de/10012399194
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regarding rating accuracy and rating theory. The implications of the results for equity valuation are discussed. …
Persistent link: https://www.econbiz.de/10012062966
We investigate the idea that firms' choices of M&A evaluation methods are influenced by two socio-political factors … that arise in the behavioral theory of the firm-uncertainty and controversy. In doing so, we investigate boundary …-makers. The analysis highlights four approaches to M&A evaluation that vary with combinations of uncertainty and controversy …
Persistent link: https://www.econbiz.de/10011859973