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Evaluating the accuracy of valuation multiples on Indian firms using regularization techniques of penalized regression
Gupta, Vandana - In: Theoretical economics letters 9 (2019) 1, pp. 180-209
Persistent link: https://www.econbiz.de/10012005386
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Corporate Valuation : An Empirical Comparison of Discounting Methods
Hommel, Nicolas; Landier, Augustin; Thesmar, David - National Bureau of Economic Research - 2023
The key purpose of corporate finance is to provide methods to compute the value of projects. The baseline textbook recommendation is to use the Present Value (PV) formula of expected cash flows, with a discount rate based on the CAPM. In this paper, we ask what is, empirically, the best...
Persistent link: https://www.econbiz.de/10013537790
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New Warrant Issues Valuation with Leverage and Noisy Equity Values
Simonato, Jean-Guy - 2013
The empirical analysis of new warrant issues in the context of a structural model of the firm typically assumes the absence of debt and a perfect equity pricing model. We examine here an approach relaxing these two assumptions. The proposed approach develops simple analytical expressions for the...
Persistent link: https://www.econbiz.de/10013082129
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A Mixed Frequency Approach for Stock Returns and Valuation Ratios
Dergiades, Theologos - 2019
We employ a Mixed-Frequency VAR to study the effect of four valuation ratios (the price-dividend ratio, the price-earnings ratio, the Cyclically Adjusted Price Earnings Ratio and the Total Return Cyclically Adjusted Price Earnings Ratio) on the US stock market. We quantify the interaction...
Persistent link: https://www.econbiz.de/10012859247
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Valuation of the worldwide commodities sector : the role of market-to-book and return on equity
Bianconi, Marcelo; Yoshino, Joe Akira - In: Studies in economics and finance 34 (2017) 4, pp. 555-579
Persistent link: https://www.econbiz.de/10011961104
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Valuation is fuzzy : Integration qualitativer Risiken ins stochastische Bewertungsmodell mit Hilfe der Fuzzy-Set Theorie
Klein, Martin - 2010
. This paper presents how the fuzzy-set theory allows these factors to be assessed explicitly and how the resulting outcome … can be linked with a stochastic model. -- Monte-Carlo Simulation ; fuzzy-set theory ; valuation ; fuzziness ; expert …-- Monte-Carlo Simulation ; Fuzzy-Set Theorie ; Unternehmensbewertung ; Unschärfe ; wissensbasierte Systeme ; Balanced …
Persistent link: https://www.econbiz.de/10008807078
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Unternehmensbewertung mit Monte-Carlo-Simulationen
Schmallowsky, Katrin - 2015
Die Bewertung von Unternehmen erfolgt bislang vorwiegend mit Hilfe von international anerkannten DCF-Verfahren. Kritik ernten diese Verfahren vor allem, da sie auf einer Punktschätzung für die zukünftig erwarteten Free-Cash-Flows basieren. Die hohe Unsicherheit, welche mit einer...
Persistent link: https://www.econbiz.de/10010500675
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Valuation of the Interest Ceiling Rule (German)
Arnold, Sven - 2010
The German reform on taxation 2008 introduced a restriction of the deductibility of interest expenses to a ceiling of 30% of the EBITDA. This paper shows that the plain probability of reaching this ceiling depresses the value of the tax shield by an option that has a path dependent and recursive...
Persistent link: https://www.econbiz.de/10013147050
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Building financial models : the complete guide to designing, building and applying projection models
Tjia, John S. - 2009 - Second edition
Persistent link: https://www.econbiz.de/10003812038
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Value creation and value appropriation in M&A deals
Sudarsanam, Sudi - In: The handbook of mergers and acquisitions, (pp. 195-253). 2012
Persistent link: https://www.econbiz.de/10009551401