Accounting comparability and the accuracy of peer-based valuation models

• المؤلفون الرئيسيون: Young, Steven, Zeng, Yachang
• مؤلفون آخرون: Nanyang Business School
• التنسيق: مقال
• اللغة: English
• منشور في: 2018
• الموضوعات: Equity Valuation; Pricing Multiples; DRNTU::Business::Accounting
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/87854; http://hdl.handle.net/10220/46889
• المؤسسة: Nanyang Technological University

We examine the link between enhanced accounting comparability and the valuation performance of pricing multiples. Using the warranted multiple method proposed by Bhojraj and Lee (2002), we demonstrate how enhanced accounting comparability leads to better peer-based valuation performance. Empirical t...