haku: @indexterm Dividends / yhteensä: 268
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| Tekijä: | Leibowitz, M.L. |
| Otsikko: | Spread-driven dividend discount models |
| Lehti: | Financial Analysts' Journal
2000 : NOV/DEC, VOL. 56.6, p. 64-81 |
| Asiasana: | Dividends Return on investment Shareholders Valuation |
| Kieli: | eng |
| Tiivistelmä: | A key determinant of shareholder value is the franchise spread - the company's incremental return on new investments over the cost of capital. Explicitly incorporating this spread into the valuation process paves the way for a more compact, two-parameter formulation of the standard three-parameter dividend discount model. |
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