Business, Management and Accounting
4 years ago

New theories on company valuation could reshape financial decision-making worldwide.

1 view
RePEc: Research Papers in Economics
Financial literature about discounted cash flow valuation
Pablo Fernández

Paper Summary

The article discusses different theories on how to value a company using discounted cash flow. The main focus is on the value of the tax shield, which is a key factor in determining a company's worth. The researchers analyze 7 different theories and offer a new interpretation of how to calculate the value of the tax shield.

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