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 valuing small and non-listed firms. Consequently, the model seems suitable for detecting misvaluations as the dot-com bubble.
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|  valuing high technology growth firms2013SSRN-id2084180.pdf | 386.66 KB |