Please use this identifier to cite or link to this item: https://ptsldigital.ukm.my/jspui/handle/123456789/577535
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dc.contributor.authorChin Fei Goh (UTM)
dc.contributor.authorAmran Rasli (UTM)
dc.contributor.authorKrzysztof Dziekonski
dc.contributor.authorSaif-Ur-Rehman Khan (UTM)
dc.date.accessioned2023-11-06T02:45:10Z-
dc.date.available2023-11-06T02:45:10Z-
dc.date.issued2015-03
dc.identifier.issn0128-7702
dc.identifier.otherukmvital:77906
dc.identifier.urihttps://ptsldigital.ukm.my/jspui/handle/123456789/577535-
dc.descriptionThis 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.
dc.language.isoen
dc.publisherUniversiti Putra Malaysia Press
dc.relation.haspartPertanika Journal of Social Sciences & Humanities
dc.relation.urihttp://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2023%20(1)%20Mar.%202015/14%20JSSH-1056-2013.pdf
dc.subjectAgribusiness
dc.subjectPlantation
dc.subjectCorporate valuation
dc.subjectMultiples
dc.subjectValue driver
dc.titleMarket-based valuation multiples: evidence from agribusiness sector
dc.typeJournal Article
dc.format.volume23
dc.format.pages209-222
dc.format.issue1
Appears in Collections:Journal Content Pages/ Kandungan Halaman Jurnal

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