Equity Valuation Using Multiples: An Empirical Investigation

Notations and abbreviationsXVIIAdditional abbreviationsAEAbnormal earningsAEG Abnormal earnings growthCAPEX Capital expendituresCAPM Capital asset pricing modelch. Chapter / -sDCF Discounted cash flow / -sDDM Dividend discount modelDSDatastreame.g.Exempli gratia (for example)EMH Efficient market hypothesisEPS Earnings per shareet al. Et alii (and others)EUEuropean UnionEVA Economic Value AddedFASB Financial Accounting Standards BoardFCF Free cash flow / -sFFIG Fama and French industry groupingsFTSE Financial Times Stock ExchangeGAAP Generally Accepted Accounting PrinciplesGGM Gordon growth modelGICS Global Industry Classification StandardsHSG University of St.GallenI/B/E/S Institutional Brokers Estimate Servicei.e.Id est (that is)IAS International Accounting StandardsIASB International Accounting Standards BoardICB Industry Classification BenchmarkIFRS International Financial Reporting StandardsIPO Initial public offeringISIC International Standard Industrial ClassificationLBO Leveraged buyout