ENHANCING THE ADJUSTMENTS OF MARKET MULTIPLES FOR BETTER OPERATING EFFICIENCY

dc.contributor.author	Kanaryan, Nigohos
dc.date.accessioned	2020-06-09T12:11:11Z
dc.date.accessioned	2020-06-09T12:11:12Z
dc.date.available	2020-06-09T12:11:11Z
dc.date.available	2020-06-09T12:11:12Z
dc.date.issued	2019
dc.identifier.issn	0323-9004
dc.identifier.uri	http://hdl.handle.net/10610/4224
dc.description.abstract	The study focuses on one of the specific applications of the market approach. The market approach is a valuation method whereby the fair market value of the target company is determined by reviewing comparable companies with similar operational and financial characteristics. The International Valuation Standards (2017) require that a valuer should make adjustments to the selected market multiples. Kasarova, Pramatarska and Lazarova (2009) and Todorov (2015) propose a method for adjusting market multiples for country risk and efficiency when the market approach is applied to emerging markets. We enhance their adjustment approach by removing its inherent restrictions.	us_US
dc.publisher	Tsenov Publishing House	EN_en
dc.relation.ispartofseries	4;1
dc.subject	market approach	us_US
dc.subject	amrket multiples	us_US
dc.subject	enterprise valuation	us_US
dc.title	ENHANCING THE ADJUSTMENTS OF MARKET MULTIPLES FOR BETTER OPERATING EFFICIENCY	us_US
dc.type	Article	us_US