%0 Journal Article %T Valuation relationships under growth %D 2003 %@ 01235923 %U http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/117 %X One of the most important topics on valuation is the appropriate relationships between cash flows and rate of returns. I review those relationships under the premise, by Myers (1974), of the cost of debt as the right discount for the tax shield. Different hypotheses have been advanced for the discount rates, which can be used to asses the empirical validity of each of the approaches. %K Costos de capital %K Tasa de retorno %K Flujo de caja %K Producción intelectual registrada - Universidad Icesi %K Economía %K Economics %K Econometría %K Econometrics models %~ GOEDOC, SUB GOETTINGEN