A new research study—‘International Valuation: A Proposed Method Using the Constant Perpetual Growth Model,’ by Thomas J. O’Brien (University of Connecticut—Department of Finance)—attempts to reduce valuation mistakes introduced by cross-border foreign exchange and cash-flow risks. O’Brien’s model for international valuations uses the constant perpetual expected growth model (Gordon growth model). The author argues that this ‘proposed method accounts for a currency risk premium and the economic interaction between cash flows and exchange rates.’