Valuation Anchors and Premium Multiples
本文档由 englishpapers 分享于2010-10-27 06:41
This study proposes a previously unexplored approach to the valuation of equity using accounting numbers. The valuation is carried out in two steps. First, a valuation anchor is provided by book value of equity or capitalized earnings. Second, a multiple based on a value driver of comparable firms, where the value driver might differ from the item that is used to provide the anchor..
君,已阅读到文档的结尾了呢~~