Cavezzali, Elisa; Rigoni, Ugo - Dipartimento di Management, Università Ca' Foscari Venezia - 2013
This study investigates how different ways to evaluate a company influence the accuracy of the target price. We know … on the relationship between the valuation methods used and target price accuracy is still scant, and the results are … inconclusive and contradictory. Coding the valuation methods of 1,650 reports, we find that the accuracy of target prices decreases …