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2005-02-10Buch DOI: 10.18452/3868
Selecting Comparables for the Valuation of European Firms
dc.contributor.authorDittmann, Ingolf
dc.contributor.authorWeiner, Christian
dc.date.accessioned2017-06-15T22:50:06Z
dc.date.available2017-06-15T22:50:06Z
dc.date.created2005-08-30
dc.date.issued2005-02-10
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4520
dc.description.abstractThis paper investigates which comparables selection method generates the most precise forecasts when valuing European companies with the enterprise value to EBIT multiple. We also consider the USA as a reference point. It turns out that selecting comparable companies with similar return on assets clearly outperforms selections according to industry membership or total assets. Moreover, we investigate whether comparables should be selected from the same ountry, from the same region, or from all OECD members. For most European countries, choosing comparables from the 15 European Union member states yields the best forecasts. In contrast, for the UK and the US, comparables should be chosen from the same country only.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subject.ddc330 Wirtschaft
dc.titleSelecting Comparables for the Valuation of European Firms
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-10044893
dc.identifier.doihttp://dx.doi.org/10.18452/3868
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages27
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2005
local.edoc.container-issue2
local.edoc.container-year2005
local.edoc.container-erstkatid2195055-6

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