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Discussion of Who Is My Peer? A Valuation‐Based Approach to the Selection of Comparable Firms
Author(s) -
Sloan Richard G.
Publication year - 2002
Publication title -
journal of accounting research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 6.767
H-Index - 141
eISSN - 1475-679X
pISSN - 0021-8456
DOI - 10.1111/1475-679x.00055
Subject(s) - valuation (finance) , multiple , actuarial science , economics , econometrics , business , computer science , accounting , mathematics , arithmetic
Bhojraj and Lee present a new approach to deriving warranted valuation multiples and selecting comparable firms. Conference participants’ comments centered on two key issues. First, participants questioned the motivation for deriving warranted valuation multiples and selecting comparable firms. Second, participants questioned the procedure through which valuation theory was incorporated in the valuation multiple forecasting process.