EARNINGS VALUATION AND SOURCES OF GROWTH

Sherrill Shaffer ()

CAMA Working Papers from Australian National University, Centre for Applied Macroeconomic Analysis

Abstract: A structural discounted cash flow (DCF) model shows that the underlying sources of earnings growth generate very different growth paths and equity values than assumed in traditional DCF calculations. Moreover, the structural DCF model can assess the impact of exogenous factors on valuation, uncovering new costs of deflation or high inflation among other results. These findings have important implications for researchers, policy makers, and practitioners.

JEL-codes: G12 E31 L1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
Date: 2008-10
View list of references

Downloads: (external link)
http://cama.anu.edu.au/Working%20Papers/Papers/2008/Shaffer_322008.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:acb:camaaa:2008-32

Access Statistics for this paper

More papers in CAMA Working Papers from Australian National University, Centre for Applied Macroeconomic Analysis
Contact information at EDIRC.
Series data maintained by ().