James R. Morris's scientific contributions
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It was automatically created by ResearchGate to create a record of this author's body of work. We create such pages to advance our goal of creating and maintaining the most comprehensive scientific repository possible. In doing so, we process publicly available (personal) data relating to the author as a member of the scientific community.
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Publication (1)
This article discusses the conditions that justify the use of the constant growth model. The constant growth model is very sensitive to the assumptions regarding the firm's operating ratios, capital structure, and dividend policy. If the constant growth model is used and these factors are not coordinated and consistent, the valuation estimate using...
Citations
... The implication of Jares and Wiggins's theory is that the average growth from long-term forecasts, which may reflect considerable variability, is the measure to be compared against the explicit assumption derived from the capitalized growth model which is the implicit growth rate in a market multiple. Morris (2006) goes further to describe the crucial assumptions and factors where the mistakes are most likely to occur include the following: 1. The growth rate must be sustainable forever, and, of course, must be less than the discount rate. ...
