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http://hdl.handle.net/11718/1207| Title: | Investment opportunities and Gordon's stock valuation model - a note |
| Authors: | Raghunathan, V. Srinivasan, G. |
| Keywords: | Investment;Opportunities;Stock Valuation |
| Issue Date: | 14-Mar-2010 |
| Series/Report no.: | WP;1985/588 |
| Abstract: | The traditional stock valuation model incorporating growth opportunities, fails to recognise the investment opportunities constraint. As a result the conventional model fails to provide an optimum reinvestment ratio and instead provides merely a limit for the same. This note recognises the opportunities constraint explicitly and in the process provides an expression for optimal reinvestment ratio. |
| URI: | http://hdl.handle.net/11718/1207 |
| Appears in Collections: | Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| WP 1985_588.pdf | 201.18 kB | Adobe PDF | View/Open |
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