Evaluating the feasibility and performance of the Schwartz-Moon model Jan Klobucnik and Soenke Sievers (University of Cologne)show that it is comparably accurate to the traditional sales multiple with key advantages in val-uing small and non-listed firms. Consequently, the model seems suitable for detecting misvaluations as the dot-com bubble.
Attachment | Size |
---|---|
valuing high technology growth firms2013SSRN-id2084180.pdf | 386.66 KB |