this is for holding javascript data
Pascal edited abstract.tex
almost 8 years ago
Commit id: 38071a9194cd7db2f25d37547913815cb085cd6e
deletions | additions
diff --git a/abstract.tex b/abstract.tex
index 8333a4f..226da26 100644
--- a/abstract.tex
+++ b/abstract.tex
...
The traditional Profitability-Valuation framework is
derived from based on the Residual Income Model (hereafter \textit{RIM}) which is in fact a derivation of the Dividend Discount Model (hereafter \textit{DDM}). Drawbacks of the dividend or earnings approach to valuation are well known, and practitioners in the equity investment community tend to prefer cash-flow based valuation metrics. We show that it is perfectly feasable to build a Profitability-Valuation framework based on a firm's cash-flows.