Reconciling Value Estimates from the Discounted Cash Flow Model and the Residual Income Model

Citations

Cited by:

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2. Carlo Alberto Magni, 2009. "Accounting and economic measures:An integrated theory of capital budgeting," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0019, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
   • Carlo Alberto Magni, 2009. "Accounting and economic measures: an integrated theory of capital budgeting," Proyecciones Financieras y Valoración 5983, Master Consultores.
3. Shigufta Hena Uzma & J.P. Singh & Naveen Kumar, 2010. "Discounted Cash Flow and Its Implication on Intangible Valuation," Global Business Review, International Management Institute, vol. 11(3), pages 365-377, October.
4. Jennergren, L. Peter, 1998. "A Tutorial on the Discounted Cash Flow Model for Valuation of Companies," SSE/EFI Working Paper Series in Business Administration 1, Stockholm School of Economics, revised 13 Dec 2011.
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7. Fernandez, Pablo, 2003. "Three residual income valuation methods and discounted cash flow valuation," IESE Research Papers D/487, IESE Business School.
8. Megumi Suto & Hitoshi Takehara, 2022. "Employee‐oriented corporate social responsibility, innovation, and firm value," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(4), pages 765-778, July.
9. Markus Buxbaum & Wolfgang Schultze & Samuel L. Tiras, 2023. "Do analysts’ target prices stabilize the stock market?," Review of Quantitative Finance and Accounting, Springer, vol. 61(3), pages 763-816, October.
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11. Daniel Kreutzmann & Soenke Sievers & Christian Mueller, 2013. "Investment distortions and the value of the government's tax claim," Applied Financial Economics, Taylor & Francis Journals, vol. 23(11), pages 977-989, June.
12. Dechow, Patricia & Ge, Weili & Schrand, Catherine, 2010. "Understanding earnings quality: A review of the proxies, their determinants and their consequences," Journal of Accounting and Economics, Elsevier, vol. 50(2-3), pages 344-401, December.
13. Wessel M Badenhorst & Rieka von Well, 2023. "The Value‐relevance of Fair Value Measurement for Inventories," Australian Accounting Review, CPA Australia, vol. 33(2), pages 135-159, June.
14. Marcel Ausloos, 2020. "Valuation Models Applied to Value-Based Management—Application to the Case of UK Companies with Problems," Forecasting, MDPI, vol. 2(4), pages 1-17, December.
    • Marcel Ausloos, 2020. "Valuation Models Applied to Value-Based Management. Application to the Case of UK Companies with Problems," Papers 2012.11595, arXiv.org.
15. Gordon Richardson & Surjit Tinaikar, 2004. "Accounting based valuation models: what have we learned?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 44(2), pages 223-255, July.
16. Jack Stecher & Mark Atten, 2015. "Using Brouwer’s continuity principle to pick stocks," Annals of Operations Research, Springer, vol. 225(1), pages 161-171, February.
17. Soenke Sievers & Jan Klobucnik, 2011. "Valuing high technology growth firms," Cologne Graduate School Working Paper Series 02-07, Cologne Graduate School in Management, Economics and Social Sciences.
18. Khaled Aljifri & Hafiz Imtiaz Ahmad, 2019. "Preferred Valuation Techniques in the UAE: A Comparative Study of Financial and Nonfinancial Sectors," International Journal of Economics and Financial Issues, Econjournals, vol. 9(1), pages 51-59.
19. Behr Adam & Mielcarz Paweł & Osiichuk Dmytro, 2018. "Terminal Value Calculation in DCF Valuation Models: An Empirical Verification," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 14(1), pages 27-38, March.
20. Larry C Holland, 2018. "A Flexible Valuation Model Incorporating Declining Growth Rates," Accounting and Finance Research, Sciedu Press, vol. 7(1), pages 116-116, February.
21. Stephen H. Penman, 2001. "On Comparing Cash Flow and Accrual Accounting Models for Use in Equity Valuation: A Response to Lundholm and O'Keefe (CAR, Summer 2001)," Contemporary Accounting Research, John Wiley & Sons, vol. 18(4), pages 681-692, December.
22. Shengzhong Huang & Hongping Tan & Xiongyuan Wang & Changqiu Yu, 2023. "Valuation uncertainty and analysts’ use of DCF models," Review of Accounting Studies, Springer, vol. 28(2), pages 827-861, June.
23. Carlo Alberto Magni, 2021. "Economic profitability and (non)additivity of residual income," Annals of Finance, Springer, vol. 17(4), pages 471-499, December.
24. Marc Deloof & Wouter De Maeseneire & Koen Inghelbrecht, 2009. "How Do Investment Banks Value Initial Public Offerings (IPOs)?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 36(1‐2), pages 130-160, January.
25. Echterling, F. & Eierle, B. & Ketterer, S., 2015. "A review of the literature on methods of computing the implied cost of capital," International Review of Financial Analysis, Elsevier, vol. 42(C), pages 235-252.
26. repec:dau:papers:123456789/4142 is not listed on IDEAS
27. Azleen Shabrina Mohd Nor* & Nahariah Jaffar & Zarehan Selamat & Salmi Mohd Zahid & Norhazlin Ismail, 2018. "Corporate Influences and Financial Reporting Quality in Pre- and Post-Adoption of the Malaysian Financial Reporting Standards," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 52-60:3.
28. Jamie Alcock & Thomas Mollee & James Wood, 2011. "Volatile earnings growth, the price of earnings and the Value premium," Quantitative Finance, Taylor & Francis Journals, vol. 11(6), pages 805-815.
29. Magni, Carlo Alberto & Marchioni, Andrea & Baschieri, Davide, 2023. "The Attribution Matrix and the joint use of Finite Change Sensitivity Index and Residual Income for value-based performance measurement," European Journal of Operational Research, Elsevier, vol. 306(2), pages 872-892.
30. Peter Roosenboom, 2007. "How Do Underwriters Value Initial Public Offerings? An Empirical Analysis of the French IPO Market," Contemporary Accounting Research, John Wiley & Sons, vol. 24(4), pages 1217-1243, December.
31. Russell J. Lundholm & Terrence B. O'Keefe, 2001. "On Comparing Residual Income and Discounted Cash Flow Models of Equity Valuation: A Response to Penman 2001 (CAR, Winter 2001)," Contemporary Accounting Research, John Wiley & Sons, vol. 18(4), pages 693-696, December.
32. Imam, Shahed & Chan, Jacky & Shah, Syed Zulfiqar Ali, 2013. "Equity valuation models and target price accuracy in Europe: Evidence from equity reports," International Review of Financial Analysis, Elsevier, vol. 28(C), pages 9-19.
33. Jennergren, L. Peter, 2004. "Continuing Value in Firm Valuation by the Discounted Cash Flow Model," SSE/EFI Working Paper Series in Business Administration 2004:15, Stockholm School of Economics.
34. Jennergren, L. Peter, 2008. "Continuing value in firm valuation by the discounted cash flow model," European Journal of Operational Research, Elsevier, vol. 185(3), pages 1548-1563, March.