search query: @indexterm ECONOMIC FORECASTING / total: 665
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| Author: | Easton, P. (et al.) |
| Title: | Using forecasts of earnings to simultaneously estimate growth and the rate of return on equity investment |
| Journal: | Journal of Accounting Research
2002 : JUN, VOL. 40:3, p. 657-676 |
| Index terms: | Earnings Economic forecasting Equity capital Growth Return on investment |
| Language: | eng |
| Abstract: | A method for simultaneously estimating the cost of equity capital and the growth of residual earnings that are implied by current stock prices, current book value of equity and short-term forecasts of accounting earnings is developed in this study. The use of the method is demonstrated by calculating the expected equity risk premium. |
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