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Found 2 essays matching the above criteria.

1. 1. The use of valuation models by European biotechnology analysts

   University essay from Göteborgs universitet/Graduate School

   Author : Emil Holmberg; Hans Jeppsson; [2011-12-22]
   Keywords : Rational expectations; Valuation; rNPV; Biotechnology;

   Abstract : This paper aims at examining the practical use of valuation models by European biotechnology analysts. The study is based on a self-administered questionnaire with 39 sell-side analysts, and is complemented with semi-structured face-to-face interviews. We find that most professional analysts prefer the risk-adjusted net present value (rNPV) model. READ MORE

3. 2. THE USE OF VALUATION MODELS BY EUROPEAN BIOTECHNOLOGY ANALYSTS

   University essay from Göteborgs universitet/Graduate School

   Author : Hans Jeppsson; Emil Holmberg; [2011-12-07]
   Keywords : Rational expectations; Valuation; rNPV; Biotechnology;

   Abstract : This paper aims at examining the practical use of valuation models by European biotechnology analysts. The study is based on a self-administered questionnaire with 39 sell-side analysts, and is complemented with semi-structured face-to-face interviews. We find that most professional analysts prefer the risk-adjusted net present value (rNPV) model. READ MORE