haku: @indexterm Evaluation / yhteensä: 1041
viite: 138 / 1041
| Tekijä: | Baginski, S. P. Wahlen, J. M. |
| Otsikko: | Residual Income Risk, Intrinsic Values, and Share Prices |
| Lehti: | Accounting Review
2003 : JAN, VOL. 78:1, p. 327-352 |
| Asiasana: | RESIDUAL INCOME ACCOUNTING RISK MEASUREMENT EVALUATION |
| Kieli: | eng |
| Tiivistelmä: | The authors address two questions regarding the risk- relevance of accounting numbers: (1) Whether accounting-related risk measures are associated with the market's assessment and pricing of equity risk. (2) If so, then whether these accounting-related risk measures are incrementally associated with the market's assessment and pricing of equity risk beyond other observable factors, such as those in the Fama and French (1992) three-factor model. The authors develop an accounting- fundamentals-based measure of the market's pricing of risk-the difference between actual share price and a residual income valuation model estimate of share value using risk-free rates of return. |
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