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Does a Positive Perpetual Growth Rate Exist?

In: Finance – Fundamental Problems and Solutions

Author

Listed:
  • Zhiqiang Zhang

    (Renmin University of China)

Abstract

This chapter explores a common variable, perpetual grow rate, in financial or valuation models and reveals that it is not sure to be positive or negative, which is referred to as a growth paradox. Based on Moody’s default rate data, this chapter further reveals some insights related to this growth paradox and concludes that finance as a science is just on its initial stage, which is similar to Astronomy in the time of Nicolaus Copernicus (1473-1543).

Suggested Citation

  • Zhiqiang Zhang, 2013. "Does a Positive Perpetual Growth Rate Exist?," SpringerBriefs in Business, in: Finance – Fundamental Problems and Solutions, edition 127, chapter 0, pages 9-21, Springer.
    • Handle: RePEc:spr:spbrcp:978-3-642-30512-2_2
    DOI: 10.1007/978-3-642-30512-2_2
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