SNDT WOMEN'S UNIVERSITY
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Determinants of Price Multiples for Technology Firms in Developed and Emerging Markets: Variable Selection Using Shrinkage Algorithm (Record no. 130931)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01903nam a2200181 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 250205b |||||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Himanshu Joshi |
| 245 ## - TITLE STATEMENT | |
| Title | Determinants of Price Multiples for Technology Firms in Developed and Emerging Markets: Variable Selection Using Shrinkage Algorithm |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | P.55-66 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. biblio.abstract | Globally, technology firms are characterized by high level of innovation, rapid obsolescence of technologies, high investment risk and unpredictability of future cash flows. All these make conventional discounted cash flow valuation methods inadequate for valuation of technology firms. This study aims to develop sector regression models for relative valuation of technology firms by evaluating firm-level determinants of price multiples. Results suggest that price to book is the most appropriate multiple for valuing developed market technological firms, whereas price to sales is the most apt multiple for emerging market firms. Variable selection by least absolute shrinkage and selection operator (lasso) validates that growth rate, research intensity and cash holding influence value of price multiples for both developed market and emerging market firms. Similarly, smaller firms tend to generate higher value of the multiples under both categories. Firms’ ESG practices is an important determinant of price multiples for developed market firms, however, it does not influence the multiples’ value for emerging market firms. |
| 654 ## - SUBJECT ADDED ENTRY--FACETED TOPICAL TERMS | |
| Subject | <a href="Relative Valuation">Relative Valuation</a> |
| -- | <a href="Price Multiples">Price Multiples</a> |
| -- | <a href="Machine Learning Application">Machine Learning Application</a> |
| -- | <a href="Shrinkage Method">Shrinkage Method</a> |
| -- | <a href="Least Absolute Shrinkage">Least Absolute Shrinkage</a> |
| -- | <a href="Selection Operator (lasso)">Selection Operator (lasso)</a> |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Rajneesh Chauhan |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 80316 |
| Host Itemnumber | 109637 |
| Place, publisher, and date of publication | New Delhi Sage Publications |
| Title | Vision: The Journal of Business Perspectives |
| International Standard Serial Number | 0972-2629 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Journal Article |
| 773 0# - HOST ITEM ENTRY | |
| -- | JP80 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| -- | ddc |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Location (home branch) | Sublocation or collection (holding branch) | Date acquired | Koha issues (times borrowed) | Piece designation (barcode) | Koha date last seen | Price effective from | Koha item type |
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| Dewey Decimal Classification | SNDT Juhu | SNDT Juhu | 05/02/2025 | JP80.5 | 05/02/2025 | 05/02/2025 | Journal Article |