This monograph develops the franchise value approach to analyzing the prospective cash flows that determine a company's price-to-earnings ratio. The franchise factor model retains the simplicity and intuitive appeal of the dividend discount model, but it offers the advantages of flexibility in application and insight into the components of P/E growth.
- ISBN10 0943205212
- ISBN13 9780943205212
- Publish Date 15 January 1991
- Publish Status Out of Stock
- Out of Print 21 May 2007
- Publish Country US
- Imprint Research Foundation of the Association for Investment Management & Research
- Format Paperback
- Pages 256
- Language English