Accounting comparability and the accuracy of peer-based valuation models

• Main Authors: Young, Steven, Zeng, Yachang
• 其他作者: Nanyang Business School
• 格式: Article
• 語言: English
• 出版: 2018
• 主題: Equity Valuation; Pricing Multiples; DRNTU::Business::Accounting
• 在線閱讀: https://hdl.handle.net/10356/87854; http://hdl.handle.net/10220/46889
• 機構: 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...