Potential dividends and actual cash flows in equity valuation. A critical analysis1
Practitioners and most academics in valuation include changes in liquid assets (potential dividends) in the cash flows. This widespread and wrong practice is inconsistent with basic finance theory. We present economic, theoretical, and empirical arguments to support the thesis. Economic arguments un...
Guardat en:
| Autor principal: | |
|---|---|
| Format: | Artigo |
| Idioma: | Espanhol |
| Publicat: |
Universidad ICESI
2009-10-01
|
| Col·lecció: | Estudios Gerenciales |
| Matèries: | |
| Accés en línia: | http://www.sciencedirect.com/science/article/pii/S0123592309700920 |
| Etiquetes: |
Sense etiquetes, Sigues el primer a etiquetar aquest registre!
|