Towards a more accurate equity valuation [electronic resource] : An empirical analysis /
Henschke, Stefan.author.
The accurate valuation of companies is essential for investors and managers. What appears to be straightforward from an academic perspective - discount expected future payoffs using adequate cost of capital - can be extremely difficult to implement. Using an empirical approach, Stefan Henschke investigates and improves the performance of different equity valuation methods. His research provides guidance for identifying inaccurate valuations and for improving the accuracy of valuations based on multiples.
Description based upon print version of record.
Includes bibliographical references.
Valuing equity -- The accuracy of equity valuation methods -- Multiples: Controlling for differences between firms -- Linear information models: The effects of conservative accounting -- Summary and conclusions.
The accurate valuation of companies is essential for investors and managers. What appears to be straightforward from an academic perspective - discount expected future payoffs using adequate cost of capital - can be extremely difficult to implement. Using an empirical approach, Stefan Henschke investigates and improves the performance of different equity valuation methods. His research provides guidance for identifying inaccurate valuations and for improving the accuracy of valuations based on multiples.
Accounting.
Bookkeeping .
Finance.
Accounting/Auditing.
Finance, general.