An Improved Valuation Model for Technology Companies

Article, Other literature type English OPEN
Ako Doffou;
(2015)
  • Publisher: MDPI AG
  • Journal: International Journal of Financial Studies,volume 3,issue 2 6,pages1-15 (issn: 2227-7072)
  • Publisher copyright policies & self-archiving
  • Related identifiers: doi: 10.3390/ijfs3020162
  • Subject: risk-adjustment parameter | G12 | cross-sectional data | valuation; cross-sectional data; stochastic costs; speed of adjustment; implied half-life; risk-adjustment parameter | stochastic costs | valuation | implied half-life | HG1-9999 | Finance | speed of adjustment
    • jel: jel:F42 | jel:F41 | jel:G1 | jel:F3 | jel:G2 | jel:G3 | jel:F2
      ddc: ddc:330

This paper estimates some of the parameters of the Schwartz and Moon (2001)) model using cross-sectional data. Stochastic costs, future financing, capital expenditures and depreciation are taken into account. Some special conditions are also set: the speed of adjustment... View more
  • References (6)

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    Merton, R.C. An Intertemporal Capital Asset Pricing Model. Econometrica 1973, 41, 867-888.

    Schwartz, E.S.; Moon, M. Rational Pricing of Internet Companies Revisited. Financ. Rev. 2001, 36, 7-26.

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