Rating to economic profit: Valuation properties, implementation issues, and the justification of target prices
(2023)
Journal Article
Ballas, A., Chlomou, G., & Demirakos, E. (in press). Rating to economic profit: Valuation properties, implementation issues, and the justification of target prices. Investment Analysts Journal, https://doi.org/10.1080/10293523.2023.2269669
This study offers a comprehensive theoretical and empirical analysis of a fundamentals-based investment criterion (HSBC’s Rating to Economic Profit – REP). By employing a large sample of US-listed firms over a 12-year time-period and conducting univa... Read More about Rating to economic profit: Valuation properties, implementation issues, and the justification of target prices.