Results 151 to 160 of about 21,735,201 (210)

Ohlson Model-Based Valuation of Companies in European Emerging Markets

Moscow University Economics Bulletin, 2019
This article examines the Ohlson model as an alternative way to explain the dynamics of public companies’ market quotations in emerging countries of Europe. In general, Ohlson model is an econometric model that takes into account companies’ financial statements and parameter of “other” information.
Nikolaj Berzon, Adil Khassanov
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A UK Test of an Inflation‐Adjusted Ohlson Model

Journal of Business Finance & Accounting, 2005
Abstract:  This paper conducts a UK test of a version of the Ohlson (1995) model. We should only expect abnormal earnings to revert to zero if the book value of assets is economically meaningful. In this paper we make use of the property revaluations common in UK accounts, but estimate other asset values and earnings in inflation‐adjusted terms.
Alan Gregory, Walid Saleh, Jon Tucker
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Tests of the Ohlson Model in Thailand: A Fractional Cointegration Approach

SSRN Electronic Journal, 2017
This paper checks for validity of the residual income model of Ohlson (1995) for the companies listed on the Stock Exchange of Thailand between 1992 and 2015. In particular, we test whether there is long-run relationship between market value, book value and residual incomes.
Suthawan Prukumpai, Yuthana Sethapramote
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Testing the Building Blocks of the Ohlson-Feltham-Ohlson Models

SSRN Electronic Journal, 2013
We analyze the empirical pattern of the Ohlson models (1995) focusing on four basic implicit assumptions that support the model: (i) the displacement property, (ii) the goodness of book value as a proxy of the ability of assets and liabilities to generate cash flows, (iii) the conservatism correction value, and (iv) the clean surplus relation.
Mariano Gonzalez-Sanchez, Juan M. Nave, David Toscano   +2 more
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Conservatism and the Ohlson Model

SSRN Electronic Journal, 2010
In this paper, we develop a framework for evaluating the impact of conservative accounting on the structure of residual income models of equity valuation. This affords a theoretical model of the signs and sizes of the valuation weights attached to book values, earnings and dividends as a function of conservatism.
David J. Ashton, Pengguo Wang
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The Role of Ohlson's Model in Rationalizing Investors' Decision to Invest in Common Stocks: An Applied Study in the Iraq Stock Exchange.

Scientific Research Journal of Economics and Business Management, 2023
The study aimed to estimate the real value and compare it with the market value and determine the difference between them and then test the relationship between the market and the real value.
Abdullah Kadem Hassan
semanticscholar   +1 more source

The Feltham-Ohlson (1995) Model: Empirical Implications

Journal of Accounting, Auditing & Finance, 1999
This paper develops empirical implications of the Feltham and Ohlson (1995) model, which relates a firm's market value to accounting data and their expected realizations. The key issue concerns how one conceptualizes/measures a firm's expected growth to explain its market value when the model also includes more basic accounting measures reflecting its
Jing NMI1 Liu, James A. Ohlson
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The Ohlson and Feltham Ohlson Models

2016
This chapter analyses the phenomenon of “positive valuation of losses” in the new economy companies in the US. One of the potential explanations of this phenomenon is that these companies are start-up companies, mostly technology-based, that invest massively in intangible assets, in particular research and development (R&D) and advertising.
Ana Paula Matias Gama, Liliane Cristina Segura, Marco Antonio Figueiredo Milani Filho   +2 more
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Stationarity and Cointegration Tests of the Ohlson Model

Journal of Accounting, Auditing & Finance, 2000
This paper investigates the time-series properties of the Ohlson (1995) model and examines their implications for empirical studies that use time-series data but do not explicitly account for such properties. Based on a sample of 95 firms with complete data from 1958 to 1994, we show that the null hypothesis that market value and book value are ...
Daqing D. Qi, Y. Woody Wu, Bing Xiang
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Empirical Tests of the Feltham–Ohlson (1995) Model

Review of Accounting Studies, 2005
This paper tests the Feltham–Ohlson (1995) model by transforming the undefined “other information” variables into expectational variables, as suggested by Liu and Ohlson [Liu and Ohlson (2000). Journal of Accounting, Auditing and Finance 15, 321–331]. The signs of the estimated coefficients conform to the model’s predictions using panel data techniques,
Jeffrey L. Callen, Dan Segal
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