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Towards a more accurate equity valuation

An empirical analysis

  • Book
  • © 2009

Overview

Authors:
  1. Stefan Henschke
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Part of the book series: Quantitatives Controlling (QC)

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Table of contents (6 chapters)

  1. Front Matter

    Pages I-XXIV
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  2. Introduction

    • Stefan Henschke
    Pages 1-6

  3. Valuing equity

    • Stefan Henschke
    Pages 7-32

  4. The accuracy of equity valuation methods

    • Stefan Henschke
    Pages 33-62

  5. Multiples: Controlling for differences between firms

    • Stefan Henschke
    Pages 63-101

  6. Linear information models: The effects of conservative accounting

    • Stefan Henschke
    Pages 103-144

  7. Summary and conclusions

    • Stefan Henschke
    Pages 145-149

  8. Back Matter

    Pages 151-165
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Keywords

About this book

The accurate valuation of companies is essential for investors and managers. What appears to be straightforward from an academic perspective – discount expected future payoffs using adequate cost of capital – can be extremely difficult to implement. Using an empirical approach, Stefan Henschke investigates and improves the performance of different equity valuation methods. His research provides guidance for identifying inaccurate valuations and for improving the accuracy of valuations based on multiples.

About the author

Dr. Stefan Henschke received his doctor’s degree at the University of Cologne, his supervisor was Prof. Dr. Carsten Homburg from the Department of Management Accounting.

Bibliographic Information

  • Book Title: Towards a more accurate equity valuation

  • Book Subtitle: An empirical analysis

  • Authors: Stefan Henschke

  • Series Title: Quantitatives Controlling

  • DOI: https://doi.org/10.1007/978-3-8349-8342-8

  • Publisher: Gabler Verlag Wiesbaden

  • eBook Packages: Business and Economics (German Language)

  • Copyright Information: Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 2009

  • Softcover ISBN: 978-3-8349-1927-4Published: 26 August 2009

  • eBook ISBN: 978-3-8349-8342-8Published: 24 September 2010

  • Series ISSN: 2945-8390

  • Series E-ISSN: 2945-8404

  • Edition Number: 1

  • Number of Pages: XXIV, 165

  • Number of Illustrations: 17 b/w illustrations

  • Topics: Accounting/Auditing, Finance, general

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