Publication Cover
The Engineering Economist
A Journal Devoted to the Problems of Capital Investment
Volume 68, 2023 - Issue 4
66
Views
0
CrossRef citations to date
0
Altmetric
Research Articles

Investor expectations and the AIRR model

References

  • Brealey, R. A., Myers, S. C., & Allen, F. (2020). Principles of corporate finance (13th ed.). New York, NY: McGraw-Hill Education.
  • Brennan, M. (1971). A note on dividend irrelevance and the Gordon valuation model. The Journal of Finance, 26(5), 1115–1121. https://doi.org/10.2307/2326087
  • Brigham, E. F., & Pappas, J. L. (1966). Duration of growth, changes in growth rates, and corporate share prices. Financial Analysts Journal, 22(3), 157–162. https://doi.org/10.2469/faj.v22.n3.157
  • Danielson, M. G. (1998). A simple valuation model and growth expectations. Financial Analysts Journal, 54(3), 50–57. https://doi.org/10.2469/faj.v54.n3.2180
  • Danielson, M. G., & Lipton, A. F. (2012). Are some stock prices destined to fall? Journal of Applied Finance, 22(1), 144–160.
  • Danielson, M. G., & Scott, J. A. (2000). Expanding the scope of valuation analysis. Financial Practice and Education, 10(1), 52–61.
  • DeAngelo, H., & DeAngelo, L. (2006). The irrelevance of the MM dividend irrelevance theorem. Journal of Financial Economics, 79(2), 293–315. https://doi.org/10.1016/j.jfineco.2005.03.003
  • Fuller, R. J., & Hsia, C. C. (1984). A simplified common stock valuation model. Financial Analysts Journal, 40(5), 49–56. https://doi.org/10.2469/faj.v40.n5.49
  • Fuller, R. J., Huberts, L. C., & Levinson, M. J. (1993). Returns to E/P strategies, Higgledy-Piggledy growth, analysts’ forecast errors, and omitted risk factors. The Journal of Portfolio Management, 19(2), 13–24. https://doi.org/10.3905/jpm.1993.13
  • Gordon, M. J. (1959). Dividends, earnings, and stock prices. The Review of Economics and Statistics, 41(2), 99–105. https://doi.org/10.2307/1927792
  • Gordon, J. R., & Gordon, M. J. (1997). The finite horizon expected return model. Financial Analysts Journal, 53(3), 52–61. https://doi.org/10.2469/faj.v53.n3.2084
  • Holt, C. (1962). The influence of growth duration on share prices. The Journal of Finance, 17(3), 465–475. https://doi.org/10.2307/2977053
  • Lakonishok, J., Shleifer, A., & Vishny, R. W. (1994). Contrarian investment, extrapolation, and risk. The Journal of Finance, 49(5), 1541–1578. https://doi.org/10.1111/j.1540-6261.1994.tb04772.x
  • Leibowitz, M. L. (1998). Franchise valuation under Q-type competition. Financial Analysts Journal, 54(6), 62–74. https://doi.org/10.2469/faj.v54.n6.2226
  • Leibowitz, M. (2000). Spread-driven dividend discount models. Financial Analysts Journal, 56(6), 64–81. https://doi.org/10.2469/faj.v56.n6.2404
  • Magni, C. A. (2010). Average internal rate of return and investment decisions: A new perspective. The Engineering Economist, 55(2), 150–180. https://doi.org/10.1080/00137911003791856
  • Magni, C. A. (2013). The internal-rate-of-return approach and the AIRR paradigm: A refutation and a corroboration. The Engineering Economist, 58(2), 73–111. https://doi.org/10.1080/0013791X.2012.745916
  • Magni, C. A. (2016). Capital depreciation and the underdetermination of rate of return: A unifying perspective. Journal of Mathematical Economics, 67, 54–79. https://doi.org/10.1016/j.jmateco.2016.09.007
  • Magni, C. A. (2020). Investment decisions and the logic of valuation. Linking finance, accounting, and engineering. Springer Nature Switzerland AG.
  • Mao, J. (1966). The valuation of growth stocks: the investment opportunities approach. The Journal of Finance, 21(1), 95–102. https://doi.org/10.1111/j.1540-6261.1966.tb02957.x
  • Mauboussin, M., & Johnson, P. (1997). Competitive advantage period: The neglected value driver. Financial Management, 26(2), 67–74. https://doi.org/10.2307/3666168
  • Mauboussin, M. J., & Rappaport, A. (2021). Expectations investing. Columbia University Press.
  • Miller, M. H., & Modigliani, F. (1961). Dividend policy, growth, and the valuation of shares. The Journal of Business, 34(4), 411–433. https://doi.org/10.1086/294442
  • O'Brien, T. (2003). A simple and flexible DCF valuation model. Journal of Applied Finance, 13(2), 54–62.
  • Olsen, B. C. (2013). Firms and the competitive advantage period. The Journal of Investing, 22(4), 41–50. https://doi.org/10.3905/joi.2013.22.4.041
  • Rubinstein, M. (1976). The irrelevancy of dividend policy in an Arrow-Debreu economy. The Journal of Finance, 31(4), 1229–1230. https://doi.org/10.1111/j.1540-6261.1976.tb01972.x

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.