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Creative Destruction and the Perpetual Growth Assumption

Authors :
Gilbert E. Matthews
Source :
Business Valuation Review. 37:150-157
Publication Year :
2018
Publisher :
Business Valuation Review Journal, 2018.

Abstract

In determining terminal value in a discounted cash flow (DCF) valuation, it is usually assumed that a mature company will grow at a constant rate in perpetuity. The impact of creative destruction a...

Details

ISSN :
08971781
Volume :
37
Database :
OpenAIRE
Journal :
Business Valuation Review
Accession number :
edsair.doi...........c9e51867f21183b8ed743a49f2431305