haku: @indexterm Equities / yhteensä: 88
viite: 52 / 88
Tekijä: | Giner, B. Reverte, C. |
Otsikko: | The risk-relevance of accounting data: Evidence from the Spanish stock market |
Lehti: | Journal of international financial management & accounting
2006 : AUTUMN, VOL. 17:3, p. 175-207 |
Asiasana: | stock markets stock exchanges equities accounting financial risk Spain |
Kieli: | eng |
Tiivistelmä: | In this paper, analyzed is the relevance of accounting fundamentals to inform about equity risk as measured by the cost of equity capital using the O'Hanlon and Steele's method based on the residual income valuation model. In addition, used are the insights from the model to provide a theoretical underpinning for the choice of the accounting variables related to risk. Based on the sample referring to the non-financial firms listed in the Madrid Stock Exchange from 1987 to 2002, the results support this study's initial expectations as to the association btw. the cost of equity capital and the accounting-based risk variables etc. |
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