Accounting based valuation formulae
| Autor(a) principal: | |
|---|---|
| Data de Publicação: | 2007 |
| Tipo de documento: | Artigo |
| Idioma: | eng por |
| Título da fonte: | BBR. Brazilian Business Review (English edition. Online) |
| Texto Completo: | http://www.bbronline.com.br/index.php/bbr/article/view/414 |
Resumo: | In this paper we integrate the PVED, FCF, RIV and AEG valuation models and argue that the AEG model is practically and theoretically superior to their correspondents. We show that a firm’s market price is a function of its expected earnings, short and long term growth in earnings and its cost of capital. We also comment on the empirical validity of the accounting based valuation models in Brazil. |
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Accounting based valuation formulaeAvaliação de Empresas com Base em Números Contábeisaccounting based valuation modelsPVEDFCFRIAEGBrazilmodelos de avaliação baseados em números contábeisPVEDFCFRIVAEGBrasilIn this paper we integrate the PVED, FCF, RIV and AEG valuation models and argue that the AEG model is practically and theoretically superior to their correspondents. We show that a firm’s market price is a function of its expected earnings, short and long term growth in earnings and its cost of capital. We also comment on the empirical validity of the accounting based valuation models in Brazil.Neste artigo nós integramos os modelos PVED, FCF, RIV e AEG e argumentamos que o modelo AEG é superior teoreticamente e praticamente aos demais. Nós mostramos que o valor de mercado da empresa é função de seu lucro esperado, no crescimento a curto e longo prazo no lucro e em seu custo de capital. Nós também comentamos na validade empírica dos modelos de avaliação de empresas baseados em números contábeis no Brasil.FUCAPE Business Shool2007-05-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewed ArticleArtigo revisado pelos paresapplication/pdfapplication/pdfhttp://www.bbronline.com.br/index.php/bbr/article/view/41410.15728/bbr.2007.4.2.1Brazilian Business Review; Vol. 4 No. 2 (2007): May to August 2007; 95-102Brazilian Business Review; v. 4 n. 2 (2007): Maio a Agosto de 2007; 95-1021808-23861807-734Xreponame:BBR. Brazilian Business Review (English edition. Online)instname:Fucape Business School (FBS)instacron:FBSengporhttp://www.bbronline.com.br/index.php/bbr/article/view/414/630http://www.bbronline.com.br/index.php/bbr/article/view/414/631Copyright (c) 2007 Brazilian Business Reviewhttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessLopes, Alexsandro Broedel2018-11-06T19:59:44Zoai:ojs.pkp.sfu.ca:article/414Revistahttps://www.bbronline.com.br/index.php/bbr/indexONGhttp://www.bbronline.com.br/index.php/bbr/oai|| bbronline@bbronline.com.br1808-23861808-2386opendoar:2018-11-06T19:59:44BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS)false |
| dc.title.none.fl_str_mv |
Accounting based valuation formulae Avaliação de Empresas com Base em Números Contábeis |
| title |
Accounting based valuation formulae |
| spellingShingle |
Accounting based valuation formulae Lopes, Alexsandro Broedel accounting based valuation models PVED FCF RI AEG Brazil modelos de avaliação baseados em números contábeis PVED FCF RIV AEG Brasil |
| title_short |
Accounting based valuation formulae |
| title_full |
Accounting based valuation formulae |
| title_fullStr |
Accounting based valuation formulae |
| title_full_unstemmed |
Accounting based valuation formulae |
| title_sort |
Accounting based valuation formulae |
| author |
Lopes, Alexsandro Broedel |
| author_facet |
Lopes, Alexsandro Broedel |
| author_role |
author |
| dc.contributor.author.fl_str_mv |
Lopes, Alexsandro Broedel |
| dc.subject.por.fl_str_mv |
accounting based valuation models PVED FCF RI AEG Brazil modelos de avaliação baseados em números contábeis PVED FCF RIV AEG Brasil |
| topic |
accounting based valuation models PVED FCF RI AEG Brazil modelos de avaliação baseados em números contábeis PVED FCF RIV AEG Brasil |
| description |
In this paper we integrate the PVED, FCF, RIV and AEG valuation models and argue that the AEG model is practically and theoretically superior to their correspondents. We show that a firm’s market price is a function of its expected earnings, short and long term growth in earnings and its cost of capital. We also comment on the empirical validity of the accounting based valuation models in Brazil. |
| publishDate |
2007 |
| dc.date.none.fl_str_mv |
2007-05-01 |
| dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article Artigo revisado pelos pares |
| format |
article |
| status_str |
publishedVersion |
| dc.identifier.uri.fl_str_mv |
http://www.bbronline.com.br/index.php/bbr/article/view/414 10.15728/bbr.2007.4.2.1 |
| url |
http://www.bbronline.com.br/index.php/bbr/article/view/414 |
| identifier_str_mv |
10.15728/bbr.2007.4.2.1 |
| dc.language.iso.fl_str_mv |
eng por |
| language |
eng por |
| dc.relation.none.fl_str_mv |
http://www.bbronline.com.br/index.php/bbr/article/view/414/630 http://www.bbronline.com.br/index.php/bbr/article/view/414/631 |
| dc.rights.driver.fl_str_mv |
Copyright (c) 2007 Brazilian Business Review https://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
| rights_invalid_str_mv |
Copyright (c) 2007 Brazilian Business Review https://creativecommons.org/licenses/by/4.0 |
| eu_rights_str_mv |
openAccess |
| dc.format.none.fl_str_mv |
application/pdf application/pdf |
| dc.publisher.none.fl_str_mv |
FUCAPE Business Shool |
| publisher.none.fl_str_mv |
FUCAPE Business Shool |
| dc.source.none.fl_str_mv |
Brazilian Business Review; Vol. 4 No. 2 (2007): May to August 2007; 95-102 Brazilian Business Review; v. 4 n. 2 (2007): Maio a Agosto de 2007; 95-102 1808-2386 1807-734X reponame:BBR. Brazilian Business Review (English edition. Online) instname:Fucape Business School (FBS) instacron:FBS |
| instname_str |
Fucape Business School (FBS) |
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FBS |
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FBS |
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BBR. Brazilian Business Review (English edition. Online) |
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BBR. Brazilian Business Review (English edition. Online) |
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BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS) |
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|| bbronline@bbronline.com.br |
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