EconoFiction

The CasP Project: Past, Present, Future

30 Apr , 2018  

The capitalization ritual consists of discounting riskadjusted expected futur e earnings to their present value. The  reduction involves fourelementary particles: (1) future earnings, (2) investors’ hype regarding these earnings, ( 3) risk perceptions associated with earnings  estimates and (4) the normal rate of return. When measured differentially, each elementary particle ...

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