haku: @author Singer, A. / yhteensä: 3
viite: 1 / 3
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| Tekijä: | Singer, A. |
| Otsikko: | DCF without forecasts |
| Lehti: | Omega
1994 : VOL. 22:3, p. 221-235 |
| Asiasana: | STRATEGY RATIONALITY FORECASTING DISCOUNTED CASH FLOW |
| Kieli: | eng |
| Tiivistelmä: | DCF models are very widely used despite the impossibility of forecasting cashflows. However, the traditional DCF methodology could be adapted, so that it becomes nothing more than a device for evoking knowledge and improving conceptual models, leading to the formulation of investment intentions. In secondary asset-selection contexts, DCF calculations could facilitate sub-optimization. These adaptations find theoretical support in pragmatism and meta-theory. |
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