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Assessing Relative Valuation in Equity Markets : Bridging Research and Practice / by Emanuele Rossi, Gianfranco Forte

Publisher	(London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan)
Year	2016
Edition	1st ed. 2016.
Authors	*Rossi, Emanuele author Forte, Gianfranco author SpringerLink (Online service)

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Links to the text	Location	Volume	Call No.	Barcode No.	Status	Comments	ISBN	Printed	Restriction	Reserve
Links to the text	Library Off-campus access			OB00175545		Springer Economics and Finance eBooks (電子ブック)	9781137563354

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Material Type	E-Book
Media type	機械可読データファイル
Size	XIV, 180 p. 6 illus : online resource
Notes	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 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 HTTP:URL=https://doi.org/10.1057/978-1-137-56335-4
Subjects	LCSH:Financial services industry LCSH:Financial engineering LCSH:Valuation LCSH:Business enterprises—Finance LCSH:Financial risk management FREE:Financial Services FREE:Financial Engineering FREE:Investment Appraisal FREE:Corporate Finance FREE:Risk Management
Classification	LCC:HG1501-3550 DC23:332.17
ID	8000059362
ISBN	9781137563354