Multiples Valuation and Abnormal Returns
نویسندگان
چکیده
منابع مشابه
Empirical Evidence on the Evolution of International Earnings
We examine cross-country differences in the valuation and time series characteristics of earnings to assess whether there have been systematic changes over time. Our results suggest that earnings multiples have become more similar, although systematic differences remain. Potential economic determinants (e.g., growth rates, interest rates, and returns) do not exhibit similar convergence and do n...
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