Hong, Jee Woung; Meidell, Jan Erik; Kim, Hyun-Jung - In: Cogent Business & Management 10 (2023) 2, pp. 1-20
This study analyzes the limitations of EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) Multiple from the perspective of the going concern principle. A new Adjusted EBITDA Multiple that complements the limitations of the EBITDA Multiple is generated and applied to...