Cassia, Lucio; Vismara, Silvio - Dipartimento di Ingegneria Gestionale, Università … - 2007
This paper focuses on the assumptions of infinite-horizon forecasting in the field of firm valuation. The estimate of long-run continuing values is based on the hypothesis that companies should have reached the steady-state at the end of the period of explicit forecasts, i.e. due to competition...