Assessing the Effect of Long-Term Growth Uncertainty on Stock Valuations
This paper uses stock market data from 2000-2010 to examine the role long-term growth (LTG) uncertainty plays in equity valuations. In theory, the convex relationship between LTG and per-share value suggests a positive relationship between LTG uncertainty and analysts’ price targets, with higher lev...
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| Format: | Others |
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Scholarship @ Claremont
2012
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| Online Access: | http://scholarship.claremont.edu/cmc_theses/320 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1325&context=cmc_theses |