Assessing relative valuation in equi...
Forte, Gianfranco.

 

  • Assessing relative valuation in equity markets[electronic resource] :bridging research and practice /
  • 紀錄類型: 書目-語言資料,印刷品 : Monograph/item
    杜威分類號: 332.63221
    書名/作者: Assessing relative valuation in equity markets : bridging research and practice // by Emanuele Rossi, Gianfranco Forte.
    作者: Rossi, Emanuele.
    其他作者: Forte, Gianfranco.
    出版者: London : : Palgrave Macmillan UK :, 2016.
    面頁冊數: xiv, 180 p. : : ill., digital ;; 24 cm.
    Contained By: Springer eBooks
    標題: Corporations - Valuation
    標題: Finance.
    標題: Investments and Securities.
    標題: Financial Engineering.
    標題: Investment Appraisal.
    標題: Corporate Finance.
    標題: Risk Management.
    ISBN: 9781137563354
    ISBN: 9781137563347
    內容註: Chapter 1. Relative Valuation: Issues and General Framework -- Chapter 2.Literature Background -- Chapter 3.Accuracy Performance of Relative Valuation -- Chapter 4. A Portfolio Approach: Multiples' Accuracy and Stock Selection -- Conclusion.
    摘要、提要註: This book addresses the gap between the widespread use of stock market multiples in valuation practice and the frontiers of research on multiples. The book's approach is twofold: the authors first analyse the performance of multiples metrics in predicting the market price of a set of liquid and highly traded US stocks. The authors then employ these results to test profitable stock purchasing strategies employed in order to 'beat the market'. The results presented widen our understanding of the "market performances" of the valuation tools practitioners utilise in their everyday work. The evidence is of interest to researchers and equity analysts, who wish to analyse the circumstances in which valuation errors using multiples are more frequent and when market multiples become ineffective in estimating market prices.
    電子資源: http://dx.doi.org/10.1057/978-1-137-56335-4
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