In this study, we investigate how financial analysts implement the Sum-of-the-Parts (SOTP) valuation framework. Although SOTP constitutes a popular valuation approach among sophisticated practitioners and investors, it is mostly ignored by researchers and academics. We adopt a structured content...

The primary research purpose of this study is to identify the most popular valuation models that analysts use to derive their target prices for firms with going-concern issues.The study conducts a structured content analysis of both auditors’ and analysts’ reports for a sample of UK-listed...

This study explores the valuation frameworks that financial analysts use to estimate the value of the firms based on their unreported intangible assets. We expect that the presence of significant volume of unreported intangible assets increases the idiosyncratic nature of a firm’s enterprise...