... remaining errors. © 2024 Nilanjan Basu, Imants Paeglis, and Melissa Toffanin 2024 Nilanjan Basu, Imants Paeglis, and Melissa Toffanin Licensed re-use rights only Ownership Sample selection Index listing Valuation G32 How does the ownership of insiders affect the value...

...John E. Hund; Donald Monk; Sheri Tice The widely used measure of diversification value developed by Berger and Ofek (1995) consistently matches large and old diversified firms with small and young focused firms. Since valuation multiples decline with sales and age this approach manufactures...

...Lilia Mukhlynina; Kjell G. Nyborg We use a survey approach to learn about valuation professionals’ choices and implementations of valuation techniques in practice. Most use both multiples and discounted cash flow (DCF), but implement DCF in a way that almost turns it into a multiples exercise...

...Martijn Cremers; Hongjun Yan Pástor and Veronesi (2003) proposed the idea that uncertainty about a firm’s profitability could increase its stock valuation, as an explanation for several phenomena in financial markets. We further examine this idea in a set-up with both stocks and bonds, and show...