Over-valuation: avoid double counting when retaining dividends in the FCFE valuation
Valuation based on DCF (Discounted Cash Flow) has been the dominant valuation procedure during the last decades. In spite of this dominance, enterprise valuation using the discounted FCF (Free Cash Flow) model has some practical drawbacks, since there is often some confusion on how to effectively us...
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| Formato: | article |
| Idioma: | eng |
| Publicado em: |
2018
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| Texto completo: | http://hdl.handle.net/10071/14925 |
| País: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/14925 |