Multiples' Valuation: The Selection of Cross-Border Comparable Firms

We studied whether mean industry multiples are similar in Brazil and in the United States. Using multilevel models (hierarchical linear model and additive crossed random-effects model), we concluded that there exists significant variability within firms from the same industry and significant variabi...

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Veröffentlicht in:	Emerging markets finance & trade 2018-01, Vol.54 (9), p.1973-1992
Hauptverfasser:	Serra, Ricardo Goulart, Fávero, Luiz Paulo Lopes
Format:	Artikel
Sprache:	eng
Schlagworte:	cross-border multilevel analysis multiples peers valuation
Online-Zugang:	Volltext
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