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The paper provides a research summary on the relation between the levels of valuation multiples and eight criteria of … between the four valuation multiples and the abovementioned criteria were tested. The key conclusions of the research are that … there can be observed certain dependence of price to earning valuation multiple on most of the tested size criteria. Low …
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This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
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