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The state value

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  • Moustafa Ahmed AbdElaal
  • Nesrien Mohamed Elmohamady

Abstract

This paper considers the state value using the future contract pricing approach. Our model allows adding an unlimited number of factors that affect the state value. We think this model may be useful to evaluate the performance of the government and the decision-making process by knowing the optimal value and the optimal time for the decision. This dynamic model differs from the traditional pricing model for evaluating the nation’s wealth using the discounted cash flow model (DCF), which does not allow considering the market condition via the risk-neutral approach. The state value determinants are divided into two classes, determinants and sub-determinants. We presented a model to determine the optimal value of the marginal return on assets for making a governmental decision. Traditional DCF issues including pricing intangible components, cash flow uncertainty, and asset marginal yield jumps were taken into account.

Suggested Citation

  • Moustafa Ahmed AbdElaal & Nesrien Mohamed Elmohamady, 2025. "The state value," PLOS ONE, Public Library of Science, vol. 20(6), pages 1-32, June.
    • Handle: RePEc:plo:pone00:0320029
    DOI: 10.1371/journal.pone.0320029
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    References listed on IDEAS

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    1. Richard S. Ruback, 2011. "Downsides and DCF: Valuing Biased Cash Flow Forecasts," Journal of Applied Corporate Finance, Morgan Stanley, vol. 23(2), pages 8-17, June.
    2. Ivo Šperanda, 2012. "Firm Valuation - New Methodological Approach," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 25(3), pages 803-824, January.
    3. Jan Reinert, 2020. "Accuracy of the German income approach in comparison to German DCF valuations," Journal of Property Research, Taylor & Francis Journals, vol. 37(3), pages 219-237, July.
    4. repec:eme:mfppss:v:36:y:2010:i:9:p:799-811 is not listed on IDEAS
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