Notwithstanding the financial slowdown and severity of the Coronavirus pandemic during
2020, several retail investors ventures directly to the secondary equities market, setting off …

The research question of this paper is concerned with the investigation of the links between
Internet of Things and related big data as input parameters for stochastic estimates in …

This paper studies the valuation of companies going public and defines a methodology to
infer the growth expectations implicit in the prices of their Initial Public Offering (IPO). The …

charlie munger is one of the world's most successful investors and most interesting people.
He is best known as the outspoken partner of Warren Buffett at the fabulously successful …

The return-stages model can quantify the expectations facing a firm from its price-to-book
(P/B) and price-to-earnings (P/E) ratios. We illustrate two implications of the model. First, a …

Following a quiet period in global M&A activity, a new boom seems to be underway, but in
an age where two-thirds of all merger deals can be said to fail (where deals fall short of the …

This paper extends the literature dealing with the option to invest in a duopoly market for a
leader‐follower setting. A restrictive assumption embodied in the models in the current …

This paper matches the sensitivity analysis of two-stage Discounted Cash Flow (DCF)
models to the assumption of Long Term Steady-State. It proposes the definition of 'Joint …

竞争优势持续期是指公司拥有正的净现值投资项目的时间, 即新投资项目收益率超过资本成本的
持续时间. 这一概念近年来在股票估价模型研究及实际投资价值分析中受到关注 …

This paper focuses on the assumptions of infinite‐horizon forecasting in the field of firm
valuation. The estimate of long‐run continuing values is based on the hypothesis that …