Valuation of Unlisted Direct Investment Equity / / Thomas Elkjaer, Jannick Damgaard, Emmanuel Kumah
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| Autore: |
Elkjaer Thomas
|
| Titolo: |
Valuation of Unlisted Direct Investment Equity / / Thomas Elkjaer, Jannick Damgaard, Emmanuel Kumah
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica: | 73 p. : ill |
| Soggetto topico: | Investments, Foreign |
| Investment analysis | |
| Econometrics | |
| Exports and Imports | |
| Finance: General | |
| Investments: Stocks | |
| Labor | |
| International Investment | |
| Long-term Capital Movements | |
| Pension Funds | |
| Non-bank Financial Institutions | |
| Financial Instruments | |
| Institutional Investors | |
| Wages, Compensation, and Labor Costs: General | |
| General Financial Markets: General (includes Measurement and Data) | |
| Estimation | |
| Finance | |
| Investment & securities | |
| Labour | |
| income economics | |
| Econometrics & economic statistics | |
| Foreign direct investment | |
| Stocks | |
| Wages | |
| Stock markets | |
| Estimation techniques | |
| Stock exchanges | |
| Econometric models | |
| Soggetto geografico: | Denmark |
| Altri autori: |
DamgaardJannick
KumahEmmanuel
|
| Note generali: | Bibliographic Level Mode of Issuance: Monograph |
| Nota di bibliografia: | Includes bibliographical references. |
| Sommario/riassunto: | This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). Based on publicly available Danish data, we test the three methods that are generally applicable and find that the choice of valuation method and estimation technique can have a highly significant impact on the international investment position, pointing to the need for further harmonization. The results show that the price-to-book value method generates more robust market value estimates than the price-to-earnings method. This finding suggests that the valuation basis for the forthcoming Coordinated Direct Investment Survey - own funds at book value -will provide useful information for compiling the international investment position. |
| Titolo autorizzato: | Valuation of Unlisted Direct Investment Equity |
| ISBN: | 1-4623-9712-3 |
| 1-282-84442-3 | |
| 1-4518-7389-1 | |
| 1-4527-7629-6 | |
| 9786612844423 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788223603321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2009/242