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Keywords: cinderella effectClose
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the Symposium on Energy, Finance, and Taxation Policies, September 19–20, 1988
Paper Number: SPE-18514-MS
... (net book value) and companies (DCF valuation) can be significantly reconciled. Book value requires certain adjustments, and the "Cinderella effect", the systematic overstatement of value, must be offset. Indeed, except for windfall profits, net book value and DCF value in general will not differ...
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