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Keywords: Terminal value
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Journal Articles
Terminal values for firms with growth opportunities: explaining valuation and IPO price behavior
Available to Purchase
Journal:
Studies in Economics and Finance
Studies in Economics and Finance (2018) 35 (2): 244–272.
Published: 14 June 2018
...Tom W. Miller Purpose The purpose of this paper is to use fundamental models incorporating structural relationships within the firm in a terminal value model for the second stage of a two-stage valuation model utilized to estimate the value of a company. Design/methodology/approach...
