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Details for article 4 of 5 found articles
| Title: |
RELATIVE PERFORMANCE OF VALUATION USING MULTIPLES.EMPIRICAL EVIDENCE ON BUCHAREST STOCK EXCHANGE |
| Author: |
DRAGOS IOAN MĂNJINA |
| Appeared in: |
The review of finance and banking |
| Paging: | Volume 01 (2009) nr. 1 pages 35-53 |
| Year: |
2009 |
| Contents: |
This paper examines the valuation performances of seven multiples on a sampleof BSE-listed firms. When industry membership is used as the selection method for comparablefirms, the P/CF multiple leads to the best valuation performance. P/E, P/B, P/CFand P/TA multiples assure the highest accuracies when ROE is used as the selection methodfor comparable firms. In the case of both selection methods of comparables, the P/S multipleleads to the least accurate valuation. In this study, accuracy levels of multiple valuationsare generally lower than those obtained using the same methods on more developed capitalmarkets. |
| Publisher: |
Bucharest Academy of Economic Studies (provided by DOAJ) |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 4 of 5 found articles
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