Application of principal component analysis on equity valuation multiples: Evidence from Malaysian firms

• Main Authors: Shittu, Isah, Che Ahmad, Ayoib, Ishak, Zuaini
• 格式: Article
• 语言: English
• 出版: Othman Yeop Abdullah (OYA) Graduate School of Business, Universiti Utara Malaysia 2015
• 主题: HF5601 Accounting
• 在线阅读: http://repo.uum.edu.my/18446/1/IPBJ%20%207%202%20%202015%20%2017-26.pdf; http://repo.uum.edu.my/18446/; http://www.oyagsb.uum.edu.my/images/ipbj/IPBJ_Vol._7_2_2015/2_17to26.pdf

Investment analysts often used equity valuation multiples to assess the performance of stocks in relation to likely future return to shareholders. Valuation multiples used by analysts are price to earnings, price to book value, price to cash flow and price to sales multiples. However, researchers ha...