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Capital Cash Flows: a simple approach to valuing risky cash flows
This paper presents the Capital Cash Flow (CCF) method for valuing risky cash flows. I show that the CCF method is equivalent to discounting Free Cash ...
Excess cash flows and diversification discount
We study the impact of diversification on firm cash flows and excess value. Specifically, we investigate whether there is a direct link between the discount to diversification and excess cash flow
A tool to evaluate equipment purchases - discounted cash flow technique
The discounted cash flow (DCF) technique is an efficient tool for evaluating equipment purchases owing to its ability to assess whether life-time cash savings generated by continued equipment utilizat
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