New valuation models revolutionize equity assessment for investors worldwide!
The article discusses different ways to value companies using accounting methods. It compares three common valuation models and looks at how discount rates affect valuation. The researchers also develop methods for valuing companies over multiple time periods, including estimating future values. The main findings are that the choice of valuation model is crucial, standard discount rate models are not very useful, and using a consistent approach leads to better results. This research is helpful for anyone interested in valuing companies using accounting techniques.