How do professional forecasters think about a firm’s growth far into the future? Marius Guenzel, assistant professor of finance at the Wharton School, discusses his paper “What Drives Very Long-Run Cash Flow Expectations?” which uncovers the different factors that shape the long-term forecasts that drive valuations. What motivated you to…Read More What Shapes Analysts’ Long-Term Forecasts?
How do professional forecasters think about a firm’s growth far into the future? Marius Guenzel, assistant professor of finance at the Wharton School, discusses his paper “What Drives Very Long-Run Cash Flow Expectations?” which uncovers the different factors that shape the long-term forecasts that drive valuations. What motivated you to…Read More