Search Results - subject:"Terminal value"

Li, Yu; Orazem, Peter F.; Jolly, Robert William - Iowa State University of Science and Technology <Ames, … - 2009

For the first 13 years after entry, the hazard rate for firm exits is persistently higher forurban than rural firms. While differences in observed industry market, local marketand firm attributes explain some of the rural-urban gap in firm survival, rural firmsretain a survival advantage 25%...

Persistent link: https://www.econbiz.de/10009360763

Terminal Value Techniques in Equity Valuation - Implications of the Steady State Assumption

Levin, Joakim; Olsson, Per M. - Economics Institute for Research (SIR), … - 2000

Terminal Value Techniques in Equity Valuation - Implications of the Steady State Assumption currency1 Joakim Levin …. Key words: equity valuation, terminal value, financial statement analysis JEL codes: G12, G31, M49 currency1 This paper … necessary condition for terminal value calculations in the Free Cash Flow model, the Dividend Discount model and the Residual …

Persistent link: https://www.econbiz.de/10005802432

Free cash flow models, terminal values and the timing of asset replacements

Lally, Martin - In: New Zealand Economic Papers 42 (2008) 1, pp. 79-102

This paper analyses the issue of the timing of expenditures in replacing fixed assets within the context of valuing firms using the free cash flow approach. Standard practice amongst both practitioners and academics is to assume a smooth pattern in these expenditures past some future point, and...

Persistent link: https://www.econbiz.de/10009278947