Assessment of the usefulness of Stock Exchange recommendations based on the DCF method on the example of construction companies Cover Image

Ocena przydatności rekomendacji giełdowych opartych na metodzie DCF na przykładzie spółek budowlanych
Assessment of the usefulness of Stock Exchange recommendations based on the DCF method on the example of construction companies

Author(s): Krzysztof Kowalke
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: valuation of shares; DCF model; stock market recommendations

Summary/Abstract: Stocks of the quoted companies undergo continuous fluctuations, which make it difficult to assess the accuracy of the issued Stock Exchange recommendation. This paper presents a technique, which, to an extent, enables a retrospective verification of recommendation accuracy. The described technique is here applied to assess the usefulness of recommendations issued by brokerage houses for companies operating in the construction industry.

  • Issue Year: 2012
  • Issue No: 254
  • Page Range: 103-112
  • Page Count: 10
  • Language: Polish
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