Valuation

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1.	Is Value Multidimensional? Implications for Style Management and Global Stock Selection A useful characterization of value and growth stocks for global stock selection is likely to be multi-dimensional. Author: Richard O. Michaud. Publication: The Journal of Investing. Spring 1998.
2.	A Scenario-Dependent Dividend Discount Model: Bridging the Gap Between Top-Down Investment Information and Bottom-Up Forecasting The Dividend Discount Model is a tool to increase the information coefficient, not a way to improve the information coefficient of Dividend Discount Model results. Author: Richard O. Michaud. Publication: Financial Analysts Journal. November-December, 1985.
3.	Valuation Model Bias and the Scale Structure of Dividend Discount Returns This paper reports on the performance history of standard dividend discount models and an examination of the relationship of the forecasting characteristics and scale structure of the models. Author: Richard O. Michaud. Publication: The Journal of Finance. Spring 1982.

Valuation Articles