Assessing Relative Valuation in Equity Markets Bridging Research and Practice /

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...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριοι συγγραφείς: Rossi, Emanuele (Συγγραφέας), Forte, Gianfranco (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan, 2016.
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
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020 |a 9781137563354  |9 978-1-137-56335-4 
024 7 |a 10.1057/978-1-137-56335-4  |2 doi 
040 |d GrThAP 
100 1 |a Rossi, Emanuele.  |e author. 
245 1 0 |a Assessing Relative Valuation in Equity Markets  |h [electronic resource] :  |b Bridging Research and Practice /  |c by Emanuele Rossi, Gianfranco Forte. 
264 1 |a London :  |b Palgrave Macmillan UK :  |b Imprint: Palgrave Macmillan,  |c 2016. 
300 |a XIV, 180 p. 6 illus.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a text file  |b PDF  |2 rda 
505 0 |a 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. 
520 |a 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. 
650 0 |a Finance. 
650 0 |a Corporations  |x Finance. 
650 0 |a Investment banking. 
650 0 |a Securities. 
650 0 |a Risk management. 
650 0 |a Capital investments. 
650 0 |a Financial engineering. 
650 1 4 |a Finance. 
650 2 4 |a Investments and Securities. 
650 2 4 |a Financial Engineering. 
650 2 4 |a Investment Appraisal. 
650 2 4 |a Corporate Finance. 
650 2 4 |a Risk Management. 
700 1 |a Forte, Gianfranco.  |e author. 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9781137563347 
856 4 0 |u http://dx.doi.org/10.1057/978-1-137-56335-4  |z Full Text via HEAL-Link 
912 |a ZDB-2-ECF 
950 |a Economics and Finance (Springer-41170)