The valuation practices and target price accuracy in pharmaceutical sector. Case study: Recordati.

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dc.contributor.advisor Cervellati, Enrico Maria it_IT
dc.contributor.author Klemantovich, Yauheniya <1992> it_IT
dc.date.accessioned 2017-10-09 it_IT
dc.date.accessioned 2018-04-17T13:37:45Z
dc.date.available 2018-04-17T13:37:45Z
dc.date.issued 2017-10-30 it_IT
dc.identifier.uri http://hdl.handle.net/10579/11854
dc.description.abstract This thesis aims to examine the peculiarities regarding the valuations of pharmaceutical companies in the equity reports issued by sell-side analysts. We want to verify whether the valuation techniques suggested by the theory and those used in practice coincide. We classify all the valuation techniques in three categories: based on fundamentals of the company (DCF, DDM and so on), on company’s market multiples (market ratios approach) and the hybrid ones (e.g., real option). We want to identify the valuation methods that perform better in terms of price accuracy (that is considered a quantitative indicator of the quality of an equity research) and understand the rational standing behind such a choice. Though, we want to find not only the dominant category of valuation methods, but also the prevalent valuation method within each of three categories. Moreover, we wonder whether the usage of only one dominant valuation approach is superior with respect to the case when the target price is obtained as a mix of two or more valuation procedures. it_IT
dc.language.iso en it_IT
dc.publisher Università Ca' Foscari Venezia it_IT
dc.rights © Yauheniya Klemantovich, 2017 it_IT
dc.title The valuation practices and target price accuracy in pharmaceutical sector. Case study: Recordati. it_IT
dc.title.alternative The valuation practices and target price accuracy in pharmaceutical sector. Case study: Recordati. it_IT
dc.type Bachelor Thesis it_IT
dc.degree.name Economia e finanza - economics and finance it_IT
dc.degree.level Laurea magistrale it_IT
dc.degree.grantor Dipartimento di Economia it_IT
dc.description.academicyear 2016/2017, sessione autunnale it_IT
dc.rights.accessrights openAccess it_IT
dc.thesis.matricno 861069 it_IT
dc.subject.miur SECS-P/06 ECONOMIA APPLICATA it_IT
dc.description.note Tesi it_IT
dc.degree.discipline it_IT
dc.contributor.co-advisor it_IT
dc.date.embargoend it_IT
dc.provenance.upload Yauheniya Klemantovich (861069@stud.unive.it), 2017-10-09 it_IT
dc.provenance.plagiarycheck Enrico Maria Cervellati (enrico.cervellati@unive.it), 2017-10-23 it_IT


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