It is well-known that stock prices fluctuate far more than dividends. Traditional valuation methods are not able to depict this fact. In this paper we incorporate excess volatility into a simple DCF model by considering an autoregressive cash flows process with random coefficients. We show that...

This paper presents two stocks recommendation systems based on a stochastic characterization of firm present value that extends the conventional discounted cash flow analysis. In the Single-Stock Quantile recommendation system, the market price of a company's stocks is compared with the...

The debate on effective climate protection is heating up in Germany and the rest of the world. Nuclear energy is being touted as 'clean' energy. Given the circumstances, the present study analyzed the historical, current, and future costs and risks of nuclear energy. The findings show that...

In der sich verschärfenden Diskussionen über wirksamen Klimaschutz wird sowohl in Deutschland als auch in Europa und weltweit die Atomkraft als "saubere Energie" ins Spiel gebracht. Vor diesem Hintergrund analysiert dieser Bericht ihre historischen, gegenwärtigen und zukünftigen Kosten und...

To determine a company’s intrinsic value, equity analysts make forecasts several years into the future, although the value generated in the explicit forecast period only represents a small part of the total valuation. Instead, most of a company’s value is determined in the terminal period -...

The debate on effective climate protection is heating up in Germany and the rest of the world. Nuclear energy is being touted as “clean” energy. Given the circumstances, the present study analyzed the historical, current, and future costs and risks of nuclear energy. The findings show that...

In der sich verschärfenden Diskussionen über wirksamen Klimaschutz wird sowohl in Deutschland als auch in Europa und weltweit die Atomkraft als "saubere Energie" ins Spiel gebracht. Vor diesem Hintergrund analysiert dieser Bericht ihre historischen, gegenwärtigen und zukünftigen Kosten und...