Business Valuation. Adjusting Markets Multiples for Country Risk in Emerging Markets - Empirical Study for Romania
The Valuation Journal, 2015, vol. 10, issue 2, 68-85
This paper aims to research an area of interest closely studied by specialists in the field of valuation services for companies. The main purpose is to analyze the applicability of the method of estimating the market value of a business by applying multiples in the context of emerging economies. I have chosen to approach this issue because I have considered it like a challenge considering the practical difficulties encountered in the valuation process of an enterprise's equity through market approach. I wish that the research conducted on the specific case of Romania completes the previous studies conducted on other emerging economies and also provides an appropriate framework for appraisers so that they have at their disposal a sound theoretical and empirical basis for adjusting market multiples derived from a developed economy and applied in an emerging economy.
JEL-codes: G30 G10 F30 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:vaj:journl:v:10:y:2015:i:2:p:68-85
Access Statistics for this article
The Valuation Journal is currently edited by Anamaria Ciobanu
More articles in The Valuation Journal from National Association of Romanian Valuers Contact information at EDIRC.
Bibliographic data for series maintained by Radu Pantelica ().