Valeur de marché et mesures comptables: les entreprises de la nouvelle économie française

Frédérique Evraert

ACCRA, 2006, vol. 12, issue 2, 49-67

Abstract: This paper conveys further evidence on the financial valuation of French start up companies over the period 2000-2002. Using association studies, relevant indicators as net income versus cash flows are provided for explanation of market value and as proxy?s of growth opportunities. Results show the relevance of accounting models and numbers, particularly the ability of net income and operating income to convey useful information for financial analysts in different business settings showing the persistency of usefulness of fundamental analysis when data is available.

Keywords: value drivers; start up companies; new economy; association studies; informational content of net income and cash flows; market cycle (search for similar items in EconPapers)
Date: 2006
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