Abstract:Attracting investment capital is important for any developing country. In case of Georgia, attracting capital from foreign markets is of utmost importance as capacity of local financial market is limited. The study provides empirical assessment of micro and macro factors that affect valuation of businesses in international markets. These factors are grouped into company characteristics (having overall importance of 68%), current standing of businesses in industry/sector and region (16% and 1% respectively) and… Show more
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