Discounted Cash Flow Method for Firm Valuation: An Empirical Evidence from BIST-Electricity Index


Hatipoglu M., Yener E.

ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES, cilt.8, sa.3, ss.7-29, 2013 (ESCI) identifier

Özet

The purpose of this study is to investigate whether the discounted cash flow methods, the free cash flow to firm method and the free cash flow to equity method, are applicable in BIST-Electricity Index. The results indicate that the free cash flow to firm method yields more suitable output than free cash flow to equity methods for Turkish energy sector.