Potential dividends and actual cash flows in equity valuation. A critical analysis
Practitioners and most academics in valuation include changes in liquid assets (potential dividends) in the cash flows. This widespread and wrong practice is inconsistent with basic finance theory. We present economic, theoretical, and empirical arguments to support the thesis. Economic arguments un...
- Autores:
-
Vélez-Pareja, Ignacio
Magni, Carlo Alberto
- Tipo de recurso:
- Fecha de publicación:
- 2009
- Institución:
- Universidad Tecnológica de Bolívar
- Repositorio:
- Repositorio Institucional UTB
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.utb.edu.co:20.500.12585/12311
- Acceso en línea:
- https://hdl.handle.net/20.500.12585/12311
- Palabra clave:
- Cash flow to equity
Equity value
Potential dividends
Fluxo de caixa para valoração
Potenciais dividendos
Valoração de patrimônio
Flujo de caja del accionista
Dividendos potenciales
Valor del patrimonio
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/