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Keywords: present value
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Journal Articles
Journal:
The Accounting Review
The Accounting Review (2022) 97 (2): 107–133.
Published: 01 March 2022
...-forecast-based ICCs are well-populated, but are unreliable outside the U.S. We adapt and extend the log-linear and present-value (LPV) framework—combining an accounting valuation anchor, its expected growth, and market prices—for estimating ERPs internationally, and implement a correction for the use...