Analyzing Asian Countries and Industries Performance and Cross-Country Influence on Firm Multiples
To our knowledge, this paper first analyze firms multiples by using relative valuation and employed them as indicator of Asian market performance after 1997 Asian crisis. The observations range from year 1997 to year 2007 by defining a sample of firms in 13 industries from 10 countries located in Asia. We considered five widely used multiples in our research: Price per Sales, ROIC, EV/ EBITDA, Pri
