Correction to:
Schmalenbach J Bus Res 2023
In this article the processing of Figs. 1 and 2 were insufficient.
Actual and expected inflation from 2000 to 2022. HICP: Harmonised Index of Consumer Prices; SPF: average long-term inflation expectation according to the Survey of Professional Forecasters (starting July 2002); implied inflation rate: rates implied by the difference between nominal and real interest rates derived from German government bonds with a remaining maturity of 10 years; 5Y25Y forward rate: inflation expectation in 5 years over the following 25 years calculated from 5‑year and 30-year inflation swaps (starting April 2004); average company specific inflation rate is the mean company specific growth rate (until 2004) or company specific inflation rate (since 2005) of the valuations carried out in the respective month. Monthly data beginning of March 2000 until the end of March 2022; Q1 refers to the end of the first quarter
Distribution of company specific growth rates (until 2004) or company specific inflation rates πC (since 2005) for the sample of 263 company valuation reports vs. expected inflation rates implied by real interest rates. Mode: 1.0% (πC)/1.4% (expected inflation); mean: 1.0%/1.8%; median: 1.0%/1.8%; std. dev.: 0.5%/0.2%
The graphical represensation was improved. The corrected figures are given here.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.
About this article
Cite this article
Schüler, A., Wünsche, S. Publisher Correction to: Inflation and Valuation Practice: German Evidence. Schmalenbach J Bus Res 75, 267–269 (2023). https://doi.org/10.1007/s41471-023-00165-z
Published:
Issue Date:
DOI: https://doi.org/10.1007/s41471-023-00165-z