dc.creatorVélez-Pareja I.
dc.creatorBurbano-Pérez A.
dc.date.accessioned2020-03-26T16:33:00Z
dc.date.accessioned2022-09-28T20:16:16Z
dc.date.available2020-03-26T16:33:00Z
dc.date.available2022-09-28T20:16:16Z
dc.date.created2020-03-26T16:33:00Z
dc.date.issued2010
dc.identifierAcademia Revista Latinoamericana de Administracion; Núm. 44; pp. 21-43
dc.identifier1012-8255
dc.identifierhttps://hdl.handle.net/20.500.12585/9122
dc.identifierUniversidad Tecnológica de Bolívar
dc.identifierRepositorio UTB
dc.identifier6503847935
dc.identifier36660567100
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/3724192
dc.description.abstractPractitioners and teachers easily break some consistency rules when conducting or teaching valuation of assets, which may lead to different results by different methods. In this short note we present a practical guide to call attention to the most frequently broken consistency rules. Firstly, they have to do with the consistency in matching of the cash flows. Secondly, with the proper expression for the cost of levered equity, and different formulations for the weighted average cost of capital, for finite cash flows. Thirdly, with the consistency between the terminal value and growth. In this article we deal with the first two, and leave any considerations about terminal value for a subsequent note, considering for now the terminal value as given. We show that, keeping this consistency, all methods lead to the same value. We illustrate this by a simple example. In the Appendices we show some algebraic derivations. © 2010 de Cladea.
dc.languageeng
dc.publisherConsejo Latinoamericano de Escuelas de Administracion
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rightsinfo:eu-repo/semantics/restrictedAccess
dc.rightsAtribución-NoComercial 4.0 Internacional
dc.sourcehttps://www.scopus.com/inward/record.uri?eid=2-s2.0-78649766714&partnerID=40&md5=867f243ae2025c06e7e1e24d3a9e3abd
dc.titleConsistency in valuation: A practical guide


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