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Contrastes no parametricos de multiplos fundamentales frente a multiplos bursatiles en empresas alimentarias europeas

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Listed:
  • Vidal, R.
  • Ribal, J.

Abstract

El sector alimentario está formado principalmente por PYMEs por lo que los múltiplos de valoración son escasos. En este trabajo se aplican modelos de valoración fundamental a las empresas alimentarias cotizadas en mercados secundarios europeos, para contrastar si los múltiplos obtenidos de valores fundamentales difieren significativamente de los múltiplos bursátiles, y saber así si estos modelos podrían ser empleados en PYMEs. Dado que los múltiplos no se distribuyen normalmente, se emplean contrastes estadísticos de naturaleza no paramétrica que muestran que entre un 40 y un 60 % de las veces los múltiplos fundamentales no difieren de los múltiplos bursátiles.

Suggested Citation

  • Vidal, R. & Ribal, J., 2015. "Contrastes no parametricos de multiplos fundamentales frente a multiplos bursatiles en empresas alimentarias europeas," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 15(01).
    • Handle: RePEc:ags:earnsa:211281
    DOI: 10.22004/ag.econ.211281
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