دورية أكاديمية
How the Equity Terminal Value Influences the Value of the Firm?
| العنوان: | How the Equity Terminal Value Influences the Value of the Firm? |
|---|---|
| المؤلفون: | Rojo-Ramírez, Alfonso A., Martínez-Romero, Maria J., Mariño-Garrido, Teresa |
| المصدر: | Journal of Business Valuation & Economic Loss Analysis; Feb2018, Vol. 13 Issue 1, p1-1, 1p |
| مصطلحات موضوعية: | DISCOUNTED cash flow, CAPITAL investments, CASH flow, INVESTMENTS, CAPITAL budget |
| مستخلص: | The discounted cash flow model (DCFM) views the intrinsic value of common stock as the present value of its expected future cash flows. This paper analyses whether the equity terminal value (EqTV) of the firm calculated by fundamentals is appreciated by the market. It also studies the impact of variations in EqTV and the extent to which the market perceives these variations. Using a sample of 62 Spanish listed companies, this paper shows that EqTV and its variations are positively and significantly correlated with EqTV assigned by the market and its corresponding variations. It therefore corroborates the validity and relevance of the valuation model. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: | Complementary Index |
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