haku: @indexterm VALUATION / yhteensä: 677
viite: 196 / 677
Tekijä: | Danielson, M. G. Dowdell, T. D. |
Otsikko: | The return-stages valuation model and the expectations within a firm's P/B and P/E ratios |
Lehti: | Financial Management
2001 : SUMMER, VOL. 30:2, p. 93-124 |
Asiasana: | FINANCIAL MODELS PRICES RETURN ON INVESTMENT VALUATION |
Kieli: | eng |
Tiivistelmä: | The return-stages model can quantify the expectations facing a firm from its price-to-book (P/B) and price-to-earnings (P/E) ratios. Two implications of the model are illustrated. The results imply that a firm's stock return depends, in part, on how its operating performance compares to the expectations defined by its P/B and P/E ratios. |
SCIMA