| Titre : |
The value of luxury companies |
| Type de document : |
Mémoire |
| Auteurs : |
Adèle SIGWALT, Auteur |
| Année de publication : |
2020 |
| Importance : |
28 p. |
| Note générale : |
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| Langues : |
Anglais (eng) |
| Mots-clés : |
Management
EVALUATION D'UNE ENTREPRISE ; MARGE COMPTABLE ; VENTE
|
| Résumé : |
In this paper, we investigate the parameters influencing the value of luxury companies. This study was conducted using a dependent variable (P/E ratio) which represents the market value of luxury companies and various explanatory variables. The results showed that companies with a higher ratio of intangible assets to total assets tend to have a lower value. We have also found that the higher the gross margin of luxury companies, the higher their value. Moreover, it would seem that the lower the risk of luxury companies (ie the lower their beta), the higher their value. In addition, luxury companies that use more leverage have higher values. And finally, we can support, according to our analysis, the growth in turnover of luxury companies largely explains why luxury companies are bullish on the market. Nevertheless, it is important to mention the need to carry out this study on a larger sample because the number of observations 240 is too low. This analysis has shown, like previous studies, that the upward trend of luxury companies can be explained by several factors, but above all by an exponential growth in sales. |
| Programme : |
PGE-Rouen |
| Spécialisation : |
Finance d’Entreprise - Corporate Finance |
| Permalink : |
https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=531711 |
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Comparative international accounting / Harlow : PEARSON (2016)
