Valuation Biases, Error Measures, and the Conglomerate Discount (2006)
We document the importance of the choice of error measure (percentage vs. logarithmic errors) for the comparison of alternative valuation procedures. We demonstrate for several multiple valuation...
Valuation Biases, Error Measures, and the Conglomerate Discount
We document the importance of the choice of error measure (percentage vs. logarithmic errors) for the comparison of alternative valuation procedures. We demonstrate for several multiple valuation...