Does Firm Value Move Too Much to be Justified by Subsequent Changes in Cash Flow?
收藏NBER2007-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12847
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资源简介：
The appropriate measure of cash flow for valuing corporate assets is net payout, which is the sum of dividends, interest, and net repurchases of equity and debt. Variation in net payout yield, the ratio of net payout to asset value, is mostly driven by movements in expected cash flow growth, instead
提供机构：
美国国家经济研究局
创建时间：
2007-01-01
