These papers can be found at the Social Science Research Network. Click on the paper title to acquire the entire document:

• “The Valuation of Intangible Assets: An Introduction,” by Roberto Moro Visconti (Università Cattolica del Sacro Cuore). The general approaches of valuation of companies and the most widely used approaches to assess intangibles.
• “The Discounted Cash Flow Terminal Value Model as an Investment Strategy,” by André Thormann and Henrik Foged Rasmussen (Copenhagen Business School). This paper develops several investment strategies based on estimates of the terminal value. Investing in stocks trading below their terminal value produces above-average annualized returns.
• “Enterprise Valuation, Risk, and the Modern E-Business,” by Alan M. Shaw (Benjamin N. Cardozo School of Law). This paper presents a novel method of ascertaining the market risk of e-commerce startups consisting of a “dispersion analysis” beta estimation model.