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- URN zum Zitieren dieses Dokuments:
- urn:nbn:de:bvb:355-epub-410537
- DOI zum Zitieren dieses Dokuments:
- 10.5283/epub.41053
Zusammenfassung
The enterprise multiple (EM) predicts the cross section of international returns. The return predictability of EM is similarly pronounced in developed and emerging markets and likewise strong among small and large firms. An international portfolio of low-EM firms outperforms a portfolio of high-EM firms by about 1% per month. The EM value premium is individually significant for the majority of ...
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