search query: @author Feltham, G. A. / total: 4
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| Author: | Feltham, G. A. Ohlson, J. A. |
| Title: | Residual earnings valuation with risk and stochastic interest rates |
| Journal: | Accounting Review
1999 : APR, VOL. 74:2, p. 165-183 |
| Index terms: | Valuation Accounting Earnings Cash flow Interest rates Risk Models |
| Language: | eng |
| Abstract: | This paper provides a general version of the accounting-based valuation model that equates the market value of a firm's equity to book value plus the present value of expected abnormal earnings. Prior theoretical work assumes investors are risk neutral and interest rates are nonstochastic and flat. The more general analysis rests on only two assumptions. |
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