Essays about: "Benjamin Recknagel"

Found 1 essay containing the words Benjamin Recknagel.

  1. 1. The Effectiveness of Relative Valuation for Firms with Negative Earnings in an IPO Context

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering; Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Benjamin Recknagel; Simon Paul van der Hoek; [2016]
    Keywords : valuation accuracy; relative valuation; multiples; IPO; negative earnings;

    Abstract : This paper analyzes a sample of 246 US initial public offerings (IPOs) from 2013 to 2015 containing solely negative earnings firms. The goal is to investigate the effectiveness of relative valuation for loss making firms in an IPO context and comment on whether the results are similar to those recorded for profit making firms in previous studies. READ MORE