Corporate Valuation: An Empirical Comparison of Discounting Methods
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下载链接：
https://www.nber.org/papers/w30898
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资源简介：
The key purpose of corporate finance is to provide methods to compute the value of projects. The baseline textbook recommendation is to use the Present Value (PV) formula of expected cash flows, with a discount rate based on the CAPM. In this paper, we ask what is, empirically, the best discounting
提供机构：
美国国家经济研究局
创建时间：
2023-01-01
