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      • Open Access Article

        1 - Comparative Analysis the Power of Accounting and Non Accounting Informative Indicators in Explanation and Prediction of Stock Market Value Indicators
        فرشاد هیبتی محمد حسنی
        In the investment process, using the models that can assist investors to predict firmvalue is necessary. In this research, the power of accounting and non accountinginformative indicators is investigated in explanation and prediction of stock marketvalue indicators. Acc More
        In the investment process, using the models that can assist investors to predict firmvalue is necessary. In this research, the power of accounting and non accountinginformative indicators is investigated in explanation and prediction of stock marketvalue indicators. According to this, 30 variables are known as accounting and nonaccounting informative indicators and 2 variables of relative valuation models basedon price to earnings and price to book value are known as stock market valueindicators.In this research, at first, we use the accounting and non accounting informativeindicators to establish patterns that can explain relative valuation models based on P/E& P/B. The result of this analysis shows that compound accounting & non accountinginformative indicators have more explanatory power than both of these indicatorsseparately.Then, we examine the validity of prediction that is made by extracted patterns. Theresult of this examination shows that there is no meaningful difference between theaverage of predicted and real values in both predictive patterns of P/E & P/B. Manuscript profile
      • Open Access Article

        2 - Valuation of Valuable Decisions of parent Company on its Subsidiaries
        Payam Hanafizadeh Mina Zzarei
        The need for the parent company identifies by impacts and valuable decisions and strategies of parent company to meet stakeholder expectations subsidiary businesses. if the parent company’s strategies and decisions led to an increase in cash flow, expected growth More
        The need for the parent company identifies by impacts and valuable decisions and strategies of parent company to meet stakeholder expectations subsidiary businesses. if the parent company’s strategies and decisions led to an increase in cash flow, expected growth rate, duration of growth or reduce the cost of capital, they create value in its subsidiary businesses. In this study, we consider the parent company's strategies and decisions as an intangible asset and by using valuation approaches offer process that could measure the value creation of valuable decisions and strategies of parent company at its subsidiaries. Manuscript profile
      • Open Access Article

        3 - Application of Valuation Model in Iranian Electricity Distribution Companies
        Hassan Siahkali Donia Mahabadi