“Equity Valuation: Science, Art, or Craft?”

Research Monograph

Written on 04 January 2018.

The Research Foundation of the CFA Institute has just published a research monograph co-authored by EDHEC Faculty member Frank J. Fabozzi, Sergio M. Focardi and Caroline Jonas. 

In this publication entitled “Equity Valuation: Science, Art, or Craft?”, the authors point to the limits of widely used valuation techniques. The most important of these limits is the inability to forecast cash flows and to determine the appropriate discount rate. Another important limit is the inability to determine absolute value.


Abstract is available here

See Also

EDHEC Dissemin'Actions from January to July 2019
- 18-02-2019
Did you know that EDHEC Professors and Researchers produce and disseminate knowledge to...
EDHEC students celebrate the Chinese New Year
- 15-02-2019
The Chinese Lunar New Year is the oldest and most important festival in China,...
How will FinTech change the future of financial services?
- 13-02-2019
EDHEC-Risk Institute, KAIST, Princeton and Tsinghua Universities have joined forces to...
Alumni Story: sharing experiences and networking for gender equality
- 05-02-2019
EDHEC cares about promoting gender equality and ensuring women are represented in all...