search query: @indexterm Capital investment / total: 460
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| Author: | Zhang, G. |
| Title: | Accounting information, capital investment decisions, and equity valuation: theory and empirical implications |
| Journal: | Journal of Accounting Research
2000 : AUTUMN, VOL. 38:2, p. 271-296 |
| Index terms: | ACCOUNTING INFORMATION SYSTEMS CAPITAL INVESTMENT EQUALITY |
| Language: | eng |
| Abstract: | This paper develops a theoretical model to reexamine the roles of earnings and book value for equity valuation and to explore cross-sectional differences in the properties of the valuation function. Ohlson and Feltham and Ohlson show that, assuming the clean surplus relation and a specific linear information dynamic, equity value can be represented as a linear function of earnings and book value. |
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