Titlebook: Equity Valuation Using Multiples; An Empirical Investi Andreas Schreiner Book 2007 Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wies

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Introduction,us in analysts’ reports and investment bankers’ fairness opinions. They also appear in valuations associated with corporate transactions. Even advocates of complex valuation techniques frequently resort to using multiples when estimating terminal values or checking their results for plausibility (Bhojraj & Lee 2002, p. 407-408).

逗它小傻瓜

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Design of the empirical study,a link to market efficiency and explains the assumptions of the study. Next, I formulate hypotheses for research questions 4 to 10 and clarify the underlying methodology of the study. The presentation of the initial dataset and the discussion of descriptive statistics of the ultimate sample make up the final section in this chapter.

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Barnabás Bede,Lucian Coroianu,Sorin G. Gal. To close this gap, this book examines the role of multiples in equity valuation and transforms the standard multiples valuation method into a comprehensive framework for using multiples in equity valuation, which corresponds to economic theory and is consistent with the results of an empirical study.

忍受

Theoretical foundations,hari, 2001, p. 108-109).. It is evident that dividends are payoffs to shareholders, but it is also well recognized that dividend discount approaches have practical problems. Finance and accounting literature, therefore, offer a number of alternative valuation methods, which are theoretically equivalent to dividend discounting.

创作

Comprehensive multiples valuation,t extensions to any of the four valuation steps and develop answers to research question 1 and 2. The final part of the chapter examines the usefulness of combining information from book values and earnings into a two-factor multiples valuation model from a theoretical point of view (research question 3).