VALUATION - Spread-Driven Dividend Discount Models - The franchise-spread concept produces a compact two-parameter DDM, distinguishes between growth- and spread-driven return processes, and generates a number of surprising results related to valuation theory.
| Year of publication: |
2000
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|---|---|
| Authors: | Leibowitz, Martin L. |
| Published in: |
Financial analysts' journal : FAJ. - Charlottesville, Va : CFA Institute, ISSN 0015-198X, ZDB-ID 2194090. - Vol. 56.2000, 6, p. 64-81
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