haku: @indexterm VALUATION / yhteensä: 677
viite: 300 / 677
| Tekijä: | Barth, M. |
| Otsikko: | Relative valuation roles of equity book value and net income as a function of financial health |
| Lehti: | Journal of Accounting & Economics
1998 : FEB, VOL. 25:1, p. 1-34 |
| Asiasana: | FINANCE VALUATION ROLES |
| Kieli: | eng |
| Tiivistelmä: | This study tests predictions that pricing multiples on and incremental explanatory power of equity book value (net income) increase (decrease) as financial health decreases. Tests using a sample of 396 bankrupt firms and tests using a larger, pooled sample both yield inferences consistent with predictions. Findings are robust to inclusion of controls for industry, size, return on equity, and volatility of equity returns. |
SCIMA