STOCHASTIC 2-PHASE DIVIDEND DISCOUNT MODELS - A FAMILY OF 2-PHASE MODELS

Authors
HURLEY WJ JOHNSON LD
Citation
Wj. Hurley et Ld. Johnson, STOCHASTIC 2-PHASE DIVIDEND DISCOUNT MODELS - A FAMILY OF 2-PHASE MODELS, Journal of portfolio management, 23(4), 1997, pp. 91
Citations number
10
Categorie Soggetti
Business Finance
Journal title
Journal of portfolio management → ACNP
ISSN journal
00954918
Volume
23
Issue
4
Year of publication
1997
Database
ISI
SICI code
0095-4918(1997)23:4<91:S2DDM->2.0.ZU;2-W
Abstract
Valuing firms with differential growth prospects is an ongoing challen ge for stock analysts. In this article, the authors present a family o f stochastic two-phase dividend discount models. They provide examples of the models' application and supply user-defined spreadsheet functi ons (EXCEL) to facilitate calculations.