TY - GEN digital ID - 131560327 TI - Assessing Relative Valuation in Equity Markets : Bridging Research and Practice AU - Rossi, Emanuele AU - Forte, Gianfranco PY - 2016 SN - 9781137563354 PB - London Palgrave Macmillan UK :Imprint: Palgrave Macmillan DB - UniCat KW - Capital KW - Finance KW - International finance KW - Accountancy KW - Capital structure KW - Financial organisation KW - Corporate finance KW - Production management KW - banken KW - financieel management KW - bedrijven KW - financiering KW - investeringen KW - bedrijfsbeleid KW - sociale interventies KW - risk management UR - https://www.unicat.be/uniCat?func=search&query=sysid:131560327 AB - This book addresses the gap between the widespread use of stock market multiples in valuation practice and the frontiers of research on multiples. The book's approach is twofold: the authors first analyse the performance of multiples metrics in predicting the market price of a set of liquid and highly traded US stocks. The authors then employ these results to test profitable stock purchasing strategies employed in order to 'beat the market'. The results presented widen our understanding of the “market performances” of the valuation tools practitioners utilise in their everyday work. The evidence is of interest to researchers and equity analysts, who wish to analyse the circumstances in which valuation errors using multiples are more frequent and when market multiples become ineffective in estimating market prices. ER -