Firm Valuation Using Market Multipliers: Evidence from Apparel And Leather Industry in Istanbul Stock Exchange
Journal Title: Muhasebe ve Finansman Dergisi - Year 2015, Vol 17, Issue 66
Abstract
There are different methods for determining the firm value. Although these methods vary, the main purpose here is to determine the true value of the firm. In this study, a comparative valuation method, that is also called market multipliers, is used for determining the value of corporations. We used data set of 20 firms operate in textile, clothing and leather industry in Istanbul Stock Exchange during the period 2003 and 2012. We estimated the value of ROYAL HALI Co. which was offered to public in March 2013 and discussed the robustness of model for corporate valuation.
Authors and Affiliations
Cengiz TORAMAN, Mehmet KÖRPİ
Keywords
Related Articles
- EP ID EP142741
- DOI -
- Views 120
- Downloads 0
Forensic Accounting Profession and A Survey About It’s Applicability In Turkey
Parallel to the intense competitive environment and advanced technology, the audit profession becomes the process of institutionalization and specialization against fraud and corruption which gradually becomes complicate...
Analyzing The Segment Reporting Practices Within The Scope Of The TFRS 8 Operating Segments Standart: An Application Proposal
In the companies that started to operate in multiple fields upon the growth of the global trade volume, the financial data obtained from consolidated financial statements are insufficient to show the details to the users...
Makroekonomik Faktörler ve Pay Senedi Getirisi: BIST Banka Endeksi Firmaları Üzerine Panel Veri Analizi
Çalışmada, makroekonomik faktörler olarak ifade edilen döviz kuru, faiz oranı, enflasyon oranı, altın fiyatı ve para arzı ile pay senedi getirisi arasındaki ilişkiyi ortaya çıkarmak amaçlanmıştır. Bu amaçla çalışmada, 20...
Accounting Of Capital Increment Transactions In Capital Companies
2008 global financial crisis revealed that how the dividend policy and capital structure decisions for companies is important and the growth models based on debt caused the difficulties. Because of that companies have to...
Denetim Kalitesinin Kar Yönetimi Üzerine Etkisi: Bist-100 Firmaları Üzerine Bir Uygulama
Bu çalışmanın temel amacı denetim kalitesi ve kar yönetimi arasındaki ilişkiyi incelemektir. Bu amacı gerçekleştirmek üzere 2009-2015 yıllarını kapsayan ve Borsa İstanbul BİST 100 endeksinde işlem gören farklı sektörlere...