investments in the terminal value calculation are value-neutral, yielding returns equal to the firm's cost of capital. This paper … misalign with the optimal strategy, resulting in suboptimal decisions and reduced terminal value. Our findings indicate that …

investments in the terminal value calculation are value-neutral, yielding returns equal to the firm's cost of capital. This paper … misalign with the optimal strategy, resulting in suboptimal decisions and reduced terminal value. Our findings indicate that …

The objective of our paper is to analyze, how valuation practice deals with inflation especially for the terminal value … assumed for the steady-state (terminal value) by comparing them to different estimators for the inflation rate expected at the …, inflation swaps). We quantify the implications of using different inflation rates for future cash flow development, terminal …

The objective of our paper is to analyze, how valuation practice deals with inflation especially for the terminal value … assumed for the steady-state (terminal value) by comparing them to different estimators for the inflation rate expected at the …, inflation swaps). We quantify the implications of using different inflation rates for future cash flow development, terminal …

sufficiently analyzed. For this reason, we investigate analytically terminal value calculation with discontinuous financing and …