How to survive a pandemic: The corporate resiliency of travel and leisure companies to the COVID-19 outbreak
What protects travel and leisure companies from a global pandemic, such as COVID-19? To
answer this question, we investigate data on over 1200 travel and leisure companies in 52 …
answer this question, we investigate data on over 1200 travel and leisure companies in 52 …
A closer look at value premium: Literature review and synthesis
This paper provides a systematic review of value premium literature that examines the
performance difference between value and growth stocks and the possible reasons for it. We …
performance difference between value and growth stocks and the possible reasons for it. We …
[HTML][HTML] Evaluating the operational efficiency and quality of tertiary hospitals in Taiwan: the application of the EBITDA indicator to the DEA method and TOBIT …
CS Lin, CM Chiu, YC Huang, HC Lang, MS Chen - Healthcare, 2021 - mdpi.com
This study estimates the efficiency of 19 tertiary hospitals in Taiwan using a two-stage
analysis of Data Envelopment Analysis (DEA) and TOBIT regression. It is a retrospective …
analysis of Data Envelopment Analysis (DEA) and TOBIT regression. It is a retrospective …
Resurrecting the value premium
D Blitz, MX Hanauer - Available at SSRN 3705218, 2020 - papers.ssrn.com
The prolonged poor performance of the value factor has led to doubts about whether the
value premium still exists. Some have noted that the observed returns still fall within …
value premium still exists. Some have noted that the observed returns still fall within …
Comparison of the multicriteria decision-making methods for equity portfolio selection: The US evidence
This paper compares the efficacy of four multicriteria decision-making (MCDM) methods in
identifying the future best-performing stocks in two comprehensive samples of US stocks …
identifying the future best-performing stocks in two comprehensive samples of US stocks …
[HTML][HTML] Which multiples matter in M &A? An overview
M Shaffer - Review of Accounting Studies, 2023 - Springer
This paper provides an overview of valuation multiples in mergers and acquisitions advisory.
I review the literature and legal controversies and the theoretical basis for their role. I then …
I review the literature and legal controversies and the theoretical basis for their role. I then …
Does the F-score improve the performance of different value investment strategies in Europe?
J Tikkanen, J Äijö - Journal of asset management, 2018 - Springer
This study examines whether the performance of different value investment strategies can
be improved with Piotroski's (J Account Res 38: 1–41, 2000) F-score screening method for …
be improved with Piotroski's (J Account Res 38: 1–41, 2000) F-score screening method for …
Ebitda, Ebita, or Ebit?
D Nissim - Columbia Business School Research Paper, 2019 - papers.ssrn.com
Over the last thirty years there has been a strong positive trend in the magnitude of
amortization charges, due to both economic and accounting changes. This trend has …
amortization charges, due to both economic and accounting changes. This trend has …
Institutional and individual investors' short‐term reactions to the COVID‐19 crisis in China
S Liu, X Liu, C Zhang, L Zhang - Accounting & Finance, 2023 - Wiley Online Library
This study examines how the severity of the local COVID‐19 crisis affected the investment
divergence between institutional and individual investors in China. The COVID‐19 crisis …
divergence between institutional and individual investors in China. The COVID‐19 crisis …
[PDF][PDF] What does an EV/EBITDA multiple mean
MJ Mauboussin - Bluemont Investment Research, 2018 - forum.valuepickr.com
This report is about the EV/EBITDA multiple, or enterprise value divided by earnings before
interest, taxes, depreciation, and amortization. It is a widely used and misused approach to …
interest, taxes, depreciation, and amortization. It is a widely used and misused approach to …