This study aims to explore how a firm's exposure to economic policy uncertainty (EPU) affects the use of fair value (FV) measurement for non-financial assets.The analysis focuses on the selection of FV models for different types of non-financial assets. It examines how internal factors and...

Valuing private enterprises - particularly early-stage firms - remains a significant challenge due to high variability and frequent overvaluation, often exceeding 50%. These inaccuracies undermine trust in the venture capital (VC) market and complicate investment decision-making. To address...

The environmental, climate and social due diligence procedures outline the European Investment Bank's approach to assessing, managing and monitoring the environmental, climate and social impacts and risks of its operations throughout the project cycle. They also clarify the respective roles and...

The paper investigates the effect of environmental policies on the market valuation of companies within the European Union's Industrial sector, along with traditional financial indicators. Taking into account the Corporate Sustainability Reporting Directive imposed by the European Union...

We propose a fundamental valuation model for sports clubs and stadia using discounted (adjusted) revenues. We argue that a sports club is a "quasi firm" that aims to balance budgets, achieve an efficient allocation of financial resources, and maximize revenues. Under this objective the sports...

One of the most misunderstood components of valuing a small closely-held business is how to address the impact of small size. Most closely-held enterprises are relatively small in size, with market values less than $1million. Many small mom and pop operations, or single owner-operator family...

This study uses a novel measure of climate change exposure at the firm level to investigate the impact of climate change on the value of Asia-Pacific non-financial firms. We examine whether increased carbon disclosure mitigates this impact. The findings reveal that a one-standard-deviation...

This study investigates the interdependencies between debt capital and dividend policy as complementary factors influencing firm value among corporations listed on the Korea Composite Stock Price Index (KOSPI). Using Tobin's Q as a firm value metric and employing robust econometric techniques...

Purpose - The objective of this study is to analyze the influence of the following variables - technological innovation, creativity and innovation management and business model innovation - on two variables: value creation in companies and value capture in companies. Design/methodology/approach...

This study examines the impact of Environmental, Social, and Governance (ESG) disclosures on the firm valuation of non-financial firms listed in South Africa, using Tobin's Q as a firm value proxy. Using a panel data approach of 642 firm-year observations from 2017 to 2022, the study applies...

This study investigates whether environmental, social and governance (ESG) disclosures are priced in capital markets and influence institutional investment in BRICS countries. It explores whether the credibility and financial impact of ESG signals depend on national governance quality.Using a...

Accurate forecasting of the level of volatility of financial instrument prices is important from the point of view of stock exchange investors. The aim of this paper is to measure the value relevance of transaction signals (buy/sell) by the relative strength index (RSI) in the case of State...

This article presents a new methodological approach to value private equity investments based on simulation. The valuation relies on 'imperfect replication'. This method does not presuppose the perfection of the capital market and is essentially built on measuring the risk. The approach turns...

This study examines the relationship between earnings quality and the firm value of listed companies in the Stock Exchange of Thailand (SET) in the property and construction sector. This research further investigates whether effective corporate governance (CG) mechanisms enhance the relationship...

This study aims to assess the influence of natural hedging on firm value, incorporating the mediating role of financial derivatives and the moderating impact of macroeconomic variables. Employing partial least square structural equation modeling on data spanning 21,169 firm years (3050 firms)...

The literature are abound with studies on the impact of environmental, social, and governance (ESG) factors on a company's value, or more broadly, on its financial performance. However, most analyses concern developed markets, mainly because the largest rating agencies operate in these markets,...

Objective This paper examines the extent to which different corporate governance mechanisms affect the recognition and measurement of goodwill impairment, considering that these decisions are affected by a complex set of factors such as variables associated with corporate governance,...

Objective Due Diligence is considered an internal practice that analyzes and identifies the actual situation of an organization. Having a strategic relevance and impact on Mergers and Acquisitions, it provides a solid foundation for the final decision or negotiation. Given this relevance, it is...

This study, commissioned by the European Parliament's Committee on Budgetary Control (CONT), investigates whether EU institutions implement human rights and sustainability due diligence when they purchase goods and services. Based on documentary analysis and interviews, this study finds that...