... contribution. Therefore, his results have limited usefulness for practical valuation cases. We will establish the complete and plausible set of formulas for consistent firm valuation of annuities. In addition, we will give an overview of the already known formulas. This makes a comparison of the traditional...

... at: denis.becker@ntnu.no 14 02 2020 23 07 2020 21 08 2020 11 09 2020 © Emerald Publishing Limited 2020 Emerald Publishing Limited Licensed re-use rights only Capital structure Firm valuation Discounted cash flow methods Required returns Tax shield Discounted cash...

... (reduces) firm valuation, only for firms with high CSR performance. Research limitations/implications Different from previous studies that treat institutional investors homogeneously, this paper provides empirical support that investors are indeed different in influencing CSR. Originality/value Few...

...Chwee Ming Tee Purpose The purpose of this paper is to examine the investment preference of various types of institutional investors in Malaysia, and its influence on firm valuation, operating performance and capital expenditure. Design/methodology/approach This study employs ordinary least...

...James Kolari Purpose The purpose of this paper is to show that distinguishing between gross and net tax shields arising from interest deductions is important to firm valuation. The distinction affects the interpretation but not valuation of tax shields for the famous Miller’s (1977) model...

... Emerald Publishing Limited Licensed re-use rights only Risk analysis Firm valuation Cash flow volatility Investor sentiment Flight to safety Baker and Wurgler (2007) define investor sentiment as “a belief about future cash flows and investment risks that is not justified by the facts...