VALUATION RELATIONSHIPS UNDER GROWTH

Article Spanish OPEN
Julián Benavides Franco;
(2003)
  • Publisher: Universidad ICESI
  • Journal: Estudios Gerenciales (issn: 0123-5923)
  • Publisher copyright policies & self-archiving
  • Subject: HF5001-6182 | Economía | Business | return on equity | Tasa de retorno | Flujo de caja | Costos de capital | Costo de capital | tasa de descuento sobre el patrimonio | Cost of capital | levered beta | tax shield value | Economics | Econometría | valor del escudo fiscal | Econometrics models | Producción intelectual registrada - Universidad Icesi | beta apalancado

One of the most important topics on valuation is the appropriate relationships between cash flows and rate of returns. I review those relationships under the premise, by Myers (1974), of the cost of debt as the right discount for the tax shield. Different hypotheses hav... View more
  • References (6)

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