Czy warto inwestować w samego siebie? GRAPE | Tłoczone z danych dla DGP
Doktorant, Szkoła Główna Handlowa, Kolegium Analiz Ekonomicznych
PhD Student, Warsaw School of Economics, Collegium of Economic Analysis
W toku | Work in progress
From point through density valuation to individual risk assessment in the discounted cash flows method Przeczytaj streszczenie | Read abstract
We review the developments and practice of the discounted cash-flow method in finance with an intermediate goal of presenting parsimonious methods of generating density valuation rather than point forecasts. Our ultimate aim is to select, propose and discuss some density-based risk measures that may be used by appraisers and investment analysts when conducting DCF valuation for broad group of heterogeneous (by risk appetite) final users or investors. Such a toolbox may be applied directly by the latter group without necessity to rely on aggregated point valuations and recommendations.