Organization

Same same but different: how preferential claims trigger valuation discounts in equity tranches of VC-backed firms, open access publication from Review of Quantitative Finance and Accounting by Julian Kaboth, Arnd Lodowicks, Maximilian Schreiter & Bernhard Schwetzler

Follow this link to the publication.

KPMG has published the “Cost of Capital Study 2022: Inflation at record levels – what does this mean for company valuations?”.

[Read more…] about KPMG: Cost of Capital Study 2022

by Stephen M. Horan, PhD, CAIA, CFA, CIPM; Elroy Dimson FSIP, PhD; Clive Emery; Kenneth A Blay; Glen Yelton; Ankit Agarwal, CFA

This research paper proposes a performance evaluation and attribution framework for ESG investment strategies. For more information click here.

[Read more…] about Austrian KFS/BW 1: Valuation of Businesses (Convenience translation from German into English)

The study by Heisig, Kick and Schwetzler is based on a sample of 161 buy & build acquisitions with valuation details on related add-on acquisitions. The research breaks down EBITDA growth as a value driver into three components: Organic, Inorganic and “Sourcing”.

[Read more…] about Buying Performance? The Impact of Multiple Arbitrage in B&B Strategies