Valuation Using the Economy–Industry–Company (E–I–C) Framework

Valuation plays a central role in investment decision-making, corporate finance, and financial analysis. However, the accuracy and reliability of valuation largely depend upon the integration of multiple dimensions influencing firm value. Traditional valuation approaches often focus primarily on firm-level financial information while giving limited consideration to broader economic and industry-related factors. This book addresses that gap through the development of a structured Economy–Industry–Company (E–I–C) framework for valuation. About the Authors Prof. Pragnesh Shah is a distinguished academician, researcher, and mentor in the field of commerce, accounting, finance, and cost & management accounting. He currently serves as the Head of the Department of Accounting and Financial Management and Dean of the Faculty of Commerce at The Maharaja Sayajirao University of Baroda, Vadodara. He holds an M.Phil. degree and earned his Ph.D. in the area of Human Resource Accounting. With extensive academic and research experience, Prof. Shah has made significant contributions to the fields of accounting, finance, valuation, and management through his books, research publications, and scholarly activities. He has authored and contributed to several books and research articles published in reputed national and international journals. In addition, he has delivered numerous guest lectures, academic sessions, and expert talks on various aspects of finance, accounting, and management. Dr. Naziya Mansuri is an academician, researcher, and finance professional in the field of accounting, valuation, and investment analysis. She is currently serving as a Lecturer in the Department of Accounting and Financial Management, Faculty of Commerce, The Maharaja Sayajirao University of Baroda, Vadodara.