Janet Stringer argues that the DCF valuation method has increased managers focus on short-term rather than long-term

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Janet Stringer argues that “the DCF valuation method has increased managers’

focus on short-term rather than long-term performance, since the discounting process places much heavier weight on short-term cash flows than long-term ones.”

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Business Analysis And Valuation Using Financial Statements Text And Cases

ISBN: 9780324118940

3rd Edition

Authors: Krishna G. Palepu, Paul M. Healy, Victor L Bernard

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