Value of Russian companies: dynamic models and Model - Miller theory
A. F. Gribov ()
Scientific notes of the Russian academy of entrepreneurship, vol. 18, issue 1
Abstract:
The article deals with the dynamic models of valuation of the company, taking into account debt financing. It is shown that if we remove the restriction on the constancy of the debt load, and apply a dynamic model, we obtain fundamentally new results that significantly differ from the known, classical models.
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