Abstract

http://ssrn.com/abstract=1280701
 
 

References (36)



 
 

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A Unified Valuation Framework for Dividends, Free Cash Flows, Residual Income, and Earnings Growth Based Models


Dan Gode


affiliation not provided to SSRN

Prof. James A. Ohlson


Hong Kong Polytechnic University - School of Accounting and Finance

February 2006

NYU Working Paper No. 2451/27480

Abstract:     
Valuation techniques are important to practitioners and academics. Although theoretically equity value equals the present value of expected dividends, in practice, higher-level metrics such as free cash flows, earnings, and book values are used for valuation. This paper helps us understand these metrics by: (1) providing a common and simple theoretical framework that shows how these alternative valuation metrics can be used instead of dividends; (2) using the common framework to provide the theoretical underpinnings of earnings-based valuation.

Number of Pages in PDF File: 21

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Date posted: October 8, 2008  

Suggested Citation

Gode, Dan and Ohlson, Prof. James A., A Unified Valuation Framework for Dividends, Free Cash Flows, Residual Income, and Earnings Growth Based Models (February 2006). NYU Working Paper No. DHANANJAY (DAN) K. GODE-03. Available at SSRN: http://ssrn.com/abstract=1280701

Contact Information

Dan Gode (Contact Author)
affiliation not provided to SSRN
No Address Available
James A. Ohlson
Hong Kong Polytechnic University - School of Accounting and Finance ( email )
M715, Li Ka Shing Tower
Hung Hom, Kowloon
China
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