Results 161 to 170 of about 13,797,932 (205)

Modern models for predicting bankruptcy to detect early signals of business failure: Evidence from Montenegro. [PDF]

PLoS One
Vukčević M, Lakićević M, Melović B, Backović T, Dudić B.   +4 more
europepmc   +1 more source

A UK Test of an Inflation-Adjusted Ohlson Model

Journal of Business Finance and 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.
Jon Tucker
exaly   +3 more sources

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A regime switching Ohlson model

Quality and Quantity, 2014
This paper proposes a regime-switching version of the Ohlson model (Contemp Account Res 11:661–687, 1995). We assume that abnormal earnings and the other information variable follow a regime-switching dynamics, which represents a simple yet rigorous way to incorporate the stochastic volatility pattern revealed by financial variables.
Stefania Veltri, Arturo Leccadito
exaly   +2 more sources

A test of the Ohlson (1995) model

The International Journal of Accounting, 2002
Koji Ota
exaly   +2 more sources

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,
Dan Segal, Jeffrey Callen
exaly   +2 more sources

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
openaire   +1 more source

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
openaire   +1 more source

An empirical examination of the Ohlson (1995) model

South African Journal of Accounting Research, 2006
This paper examines the Ohlson (1995) model and documents its validity in explaining share prices using data for 129 firms continuously listed on the Johannesburg Securities Exchange (JSE hereafter), over a twelve year period. More specifically, cross-sectional multiple regressions and panel data least squares procedures are used to examine whether ...
G Swartz, M Negash
exaly   +2 more sources

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
openaire   +1 more source

A test of the Ohlson model on the Italian Stock Exchange [PDF]

Accounting & Taxation, 2012
This article belongs to the current in research literature, which is concerned with value relevance. Its main aim is to test the impact of the current and future accounting variables on the firm’s market value, by analyzing these relations with reference to the financial sector of the Italian Stock Exchange.
SILVESTRI, ANTONELLA, VELTRI, Stefania
openaire   +1 more source