haku: @author Zhang, G. / yhteensä: 11
viite: 6 / 11
Tekijä: | Zhang, G. |
Otsikko: | Accounting information, capital investment decisions, and equity valuation: theory and empirical implications |
Lehti: | Journal of Accounting Research
2000 : AUTUMN, VOL. 38:2, p. 271-296 |
Asiasana: | ACCOUNTING INFORMATION SYSTEMS CAPITAL INVESTMENT EQUALITY |
Kieli: | eng |
Tiivistelmä: | 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. |
SCIMA