Henriksen, Andreas Birkmann; Dyhr Sørensen, Michael - 2022
growth affect the present value of an asset.The standard approach to equity valuation is to use the CAPM or the Fama … and Feltham (2009) is theoretically superior to the standard CAPM-based valuation model. However, the basic consumption … standard CAPM-based valuation model, (ii) the CCAPM-based valuation model and (iii) the Epstein-Zin-based valuation model. We …