Market-based Valuation Multiples: Evidence from Agribusiness Sector.
This article investigates the choice of multiples in valuing the agribusiness firms in Malaysia from 2003 to 2009. The agribusiness industry typically employs homogenous business models and produces standardized products, thus rendering excellent empirical settings to reveal the value drivers of suc...
| Publicado en: | Pertanika Journal of Social Sciences & Humanities Vol. 23; no. 1; pp. 209 - 223 |
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| Autores principales: | , , , |
| Formato: | Artículo |
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Universiti Putra Malaysia
2015
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=102029726&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 102029726 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 01287702 TKQ jtl: Pertanika Journal of Social Sciences & Humanities issn: 01287702 maglogo: N pubinfo: dt: 2015 vid: 23 iid: 1 pid: 20751 pub: Universiti Putra Malaysia artinfo: ui: 102029726 ppf: 209 ppct: 14 formats: fmt: @attributes: type: P size: 1.8MB tig: atl: Market-based Valuation Multiples: Evidence from Agribusiness Sector. aug: au: Chin Fei Goh Rasli, Amran Dziekonski, Krzysztof Khan, Saif-Ur-Rehman affil: Faculty of Management, Universiti Teknologi Malaysia, 81310 Skudai, Johor, Malaysia Faculty of Management, Bialystok Technical University, ul. Wiejska 45A, 15-351, Bialystok, Poland su: Agricultural industries Business valuation Business models Standardization Organizational performance Price-earnings ratio Business expansion sug: subj: Agricultural industries Business valuation Business models Standardization Organizational performance Price-earnings ratio Business expansion keyword: Agribusiness corporate valuation multiples plantation value driver ab: This article investigates the choice of multiples in valuing the agribusiness firms in Malaysia from 2003 to 2009. The agribusiness industry typically employs homogenous business models and produces standardized products, thus rendering excellent empirical settings to reveal the value drivers of such traditional industries. It was discovered that commonly adopted methodologies in valuation multiples are associated with pitfalls which may hamper the reliability of the valuations. Our findings also showed that price-to-earnings multiple leads to the best valuation performance, while price-to-sales multiple produces the worst results. Moreover, this research showed that growth prospect is an effective control factor in multiples valuation. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Pertanika Journal of Social Sciences & Humanities is the property of Universiti Putra Malaysia and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Pertanika Journal of Social Sciences & Humanities holder: Universiti Putra Malaysia dt: @attributes: year: 2015 holdings: @attributes: islocal: N |
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