haku: @indexterm inflation / yhteensä: 1175
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| Tekijä: | Gregory, A. Saleh, W. Tucker, J. |
| Otsikko: | A UK test of an inflation-adjusted Ohlson model |
| Lehti: | Journal of Business Finance and Accounting
2005 : APR/MAY, VOL 32:3-4, p. 487-534 |
| Asiasana: | Accounting Inflation Models United Kingdom |
| Kieli: | eng |
| Tiivistelmä: | In this paper, a U.K. test of a version of the Ohlson model (1995) is conducted. The paper makes use of the property revaluations common in U.K. accounts, but estimates other asset values and earnings (here as: erngs.) in inflation-adjusted terms. The modified model is tested on U.K. data using the Dechow, Hutton and Sloan (1999) method. It is found among others that the modified abnormal erngs. appear to mean revert, and that a first order autoregressive process is sufficient to capture the persistence of U.K. real abnormal erngs. |
SCIMA