Athens University of Economics and Business, Department of Accounting and Finance
Comparable Company Multiples
Market-based accounting
Effectiveness
United Kingdom
Spain
Greece
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| Συλλογές | |
| Τίτλος |
An empirical testing of alternative specifications of the accounting valuation model |
| Δημιουργός |
Κατσά, Ειρήνη |
| Συντελεστής |
Χέβας, Δημοσθένης Athens University of Economics and Business, Department of Accounting and Finance |
| Τύπος |
Text |
| Φυσική περιγραφή |
45σ. |
| Γλώσσα |
en |
| Περίληψη |
This study provides an empirical study in market-based accounting research. This study uses portfolio analysis to evaluate an empirical accounting-based firm valuation model developed in the UK, Spanish and Greek market. Our aim is to evaluate the determinants of market value and, in particular, whether accounting-based valuation models can be estimated that not only have in-sample explanatory power. This requires models to be estimated on one sample, and tested for effectiveness on a different sample. We developed a deflating model the full equation using the sales as the deflation term. Using the criteria of bias and accuracy to capture effectiveness, we suggest which country provides the most effective models in this context. |
| Λέξη κλειδί |
Valuation Comparable Company Multiples Market-based accounting Effectiveness United Kingdom Spain Greece |
| Ημερομηνία |
28-11-2017 |
| Άδεια χρήσης |
https://creativecommons.org/licenses/by/4.0/ |