TY - BOOK AU - Meitner,Matthias ED - SpringerLink (Online service) TI - The Market Approach to Comparable Company Valuation T2 - ZEW Economic Studies SN - 9783790817232 AV - HG1-HG9999 U1 - 332 23 PY - 2006/// CY - Heidelberg PB - Physica-Verlag HD KW - Finance KW - Economics, Mathematical KW - Finance, general KW - Quantitative Finance KW - Electronic books KW - local N1 - Foundations of Comparable Company Valuation -- Interrelation of Comparable Company Selection and Valuation Model Choice -- Processing Comparable Company Valuation -- Empirical Study -- Concluding Remarks N2 - Corporate valuation using multiples is one of the most popular corporate valuation approaches. In this book, the different steps of this valuation approach such as the selection of comparable companies or the choice of the reference variables are discussed. Then, the circumstances required for a sound valuation (e.g., the degree of efficiency of the equity market) are described. Additionally, the book gives insight on how the state of the industry and/or the company has an impact on the proper choice of the reference variables. Finally, it is shown how multi-factor models can enrich the universe of valuation models. While always maintaining the academic rigor, the author addresses practice-relevant topics and delivers hands-on solutions for typical valuation problems UR - http://ezproxy.alfaisal.edu/login?url=http://dx.doi.org/10.1007/3-7908-1723-6 ER -