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Journal Articles
Journal:
Managerial Finance
Managerial Finance (2020) 46 (8): 1001–1022.
Published: 25 February 2020
... 3 begins to display premium increasing effects. However, results are different for discounts. The authors note that Level 1 valuations significantly increase discounts, but only post-2012; Level 2 valuations significantly decrease discounts (pre- and post-2012), consistent with such estimates...
