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The Enterprise Multiple Investment Strategy: International Evidence

Walkshäusl, Christian and Lobe, Sebastian (2015) The Enterprise Multiple Investment Strategy: International Evidence. Journal of Financial and Quantitative Analysis 50, pp. 781-800.

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Date of publication of this fulltext: 20 Nov 2019 09:19

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Other URL: https://www.cambridge.org/core/journals/journal-of-financial-and-quantitative-analysis/article/enterprise-multiple-investment-strategy-international-evidence/5C34D118442E97817DCF9C9F354026A2


Abstract

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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Item type:Article
Date:2015
Additional Information (public):OA-Komponente aus Allianzlizenz
Institutions:Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzdienstleistungen (Prof. Dr. Klaus Röder)
Identification Number:
ValueType
10.1017/S002210901500023XDOI
Dewey Decimal Classification:300 Social sciences > 330 Economics
600 Technology > 650 Management & auxiliary services
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Yes
Item ID:41053
Owner only: item control page

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