Erkilet, Gülcan; Janke, Gerrit; Kasperzak, Rainer - In: Journal of Business Economics 92 (2021) 5, pp. 741-779
This paper examines which valuation approaches financial analysts use to value a company and whether the chosen … valuation approach affects the target price accuracy. To address these questions, we conduct content analyses of 867 hand …-period income approach, and a mixture of both by combining the results, the so-called hybrid valuation approach. Additionally, we …