haku: @indexterm NET PRESENT VALUE / yhteensä: 71
viite: 3 / 71
| Tekijä: | Ohlson, J. A. |
| Otsikko: | Positive (Zero) NPV Projects and the Behavior of Residual Earnings |
| Lehti: | Journal of Business Finance and Accounting
2003 : JAN-MAR, VOL. 30:1-2, p. 7-16 |
| Asiasana: | RESIDUAL INCOME NET PRESENT VALUE MODELS ACCOUNTING OPTIONS |
| Kieli: | eng |
| Tiivistelmä: | This paper analyzes the time-series behavior of residual earnings as it relates to the existence of positive NPV opportunities (or 'rents'). The author states that the issue is of interest because many recent papers have commented on it in the context of the Ohlson (1995) model. The analysis shows that the Ohlson (1995) model allows for positive NPV opportunities, contrary to the frequently made claims. In the conclusion the author provides conclusions which bear on its consistency with positive /zero NPV opportunities. The paper provides a substantial list of references on this subject. |
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