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The use of multiples in the South African equity market: is the popularity of the price earnings ratio justifiable from a sector perspective?

Nel, W.S. - In: Meditari Accountancy Research 17 (2009) 2, pp. 101-115

research. This article investigates the accuracy of the five most popular multiples, including the P/E ratio, in valuing the … revealed that the P/E ratio does not perform the most accurate valuations across all sectors and that different multiples … should be used for different sectors. There is an opportunity to enhance the accuracy of equity valuations based on multiples …

Persistent link: https://www.econbiz.de/10014930490

Do combining value estimates increase valuation accuracy? Evidence from Indian chemical industry

Tiwari, Ranjit; Singla, Harish Kumar - In: Journal of Accounting in Emerging Economies 5 (2015) 2, pp. 170-183

studies can be conducted using the third widely used valuation models, i.e. multiples and see the level of accuracy of …

Persistent link: https://www.econbiz.de/10014839605

The roles of accounting data in equity valuation: evidence from China

Wang, Tiandong; Zhang, Tianxi - In: China Finance Review International 5 (2015) 1, pp. 69-87

Purpose – The purpose of this paper is to examine the roles of earnings and book value (BV) in equity valuation. Design/methodology/approach – The authors apply model’s explanatory power to analyze the roles of accounting data and test the hypotheses empirically with a sample of Chinese...

Persistent link: https://www.econbiz.de/10014694630

Methods of choice in the valuation of ordinary shareholders’ equity: evidence from theory and practice

Nel, W.S. - In: Meditari Accountancy Research 17 (2009) 2, pp. 117-135

The question that inevitably surfaces in practice, and certainly in lecture halls, is which equity valuation method is superior. Popular opinion holds that academia and investment practitioners may have different preferences in this regard. This article investigates which primary minority and...

Persistent link: https://www.econbiz.de/10014930491

Philip Fisher’s sense of numbers

Massironi, Carlo - In: Qualitative Research in Financial Markets 6 (2014) 3, pp. 302-331

Purpose – This paper aims to propose an account of the use of numbers and mathematical formulae and, more generally, of the quantitative aspects in the qualitative equity valuation model of the American investor Philip A. Fisher who is considered to be one of the fathers of the qualitative...

Persistent link: https://www.econbiz.de/10014988324

Real estate’s influence on enterprise value

Louargand, Marc - In: Journal of Corporate Real Estate 1 (1999) 3, pp. 254-261

A firm’s real estate exposure can have a pronounced effect on the way investors value the enterprise in its entirety. Most of the literature of corporate real estate is mute on the topic of firm valuation and the influence of real estate thereon. When the literature does address the topic of...

Persistent link: https://www.econbiz.de/10014851963

Elkelish, Walaa Wahid - In: Journal of Accounting in Emerging Economies 7 (2017) 2, pp. 173-189

Purpose The purpose of this paper is to investigate the relationship between related party transactions disclosure ( RPTD ) and firm valuation in the United Arab Emirates (UAE), an emerging market. Design/methodology/approach Data on study variables were obtained manually from the published...

Persistent link: https://www.econbiz.de/10014839528

The role of audit quality in firm valuation

Alfraih, Mishari M. - In: International Journal of Law and Management 58 (2016) 5, pp. 575-598

Purpose The purpose of this paper is to examine the effect of audit quality on the value relevance of earnings and book value. Because joint audit is mandated for all Kuwait Stock Exchange-listed firms, it is hypothesized that the higher the quality of the audit team (as measured by the number...

Persistent link: https://www.econbiz.de/10014782096

Biotech firm valuation in an emerging market – evidence from Taiwan

Hsiang‐Ling Chen, Angela; Wang, Xiaoli; Zu‐Hsu Lee, … - In: Asia-Pacific Journal of Business Administration 5 (2013) 2, pp. 92-102

Purpose – This paper aims to explore the relationship of various financial and non‐financial factors to corporate value and how these factors can be used for the purpose of firm valuation. The focus is placed on a developing high‐tech industry. Design/methodology/approach – The authors...

Persistent link: https://www.econbiz.de/10014674236

Impact of soft law regulation by corporate governance codes on firm valuation: the case of Germany

Stiglbauer, Markus; Velte, Patrick - In: Corporate Governance 14 (2014) 3, pp. 395-406

Purpose – This paper aims to provide insight whether disclosed compliance with the German Corporate Governance Code (GCGC) leads to higher valuation on the German stock market. Design/methodology/approach – Based on agency theory, stakeholder theory and institutional theory, the authors...

Persistent link: https://www.econbiz.de/10014695521