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

open access: possibleAccounting & 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

The Ohlson Model: Contribution to Valuation Theory, Limitations, and Empirical Applications

SSRN Electronic Journal, 2000
The work of Ohlson (1995) and Feltham and Ohlson (1995) had a profound impact on accounting research in the 1990s. In this paper, we first discuss this valuation framework, identify its key features, and put it in the context of prior valuation models. We then review the numerous empirical studies that are based on these models.
Kin Lo, Thomas Lys
openaire   +1 more source

The Efficient Market, Random Walk, and the Ohlson (1995) Model

SSRN Electronic Journal, 2009
Though the efficient market and random walk are closely related to each other, the gaining of risk free return (the result of risk free price change) indicated in efficient market needs to be compromised with random walk. Ohlson (1995) demonstrates the price change model, which illustrates that next period’s price change plus dividend is predictable ...
openaire   +1 more source

Is the Ohlson (1995) Model an Example of the Simpson's Paradox?

SSRN Electronic Journal, 2009
The Ohlson (1995) equity valuation and returns models are consistent with mathematical formulation. Since value relevance models that relate Ohlson (1995) focus on information dynamics of accounting and other information for explaining equity value, an inconsistency between Ohlson’s (1995) simplified model for valuation and re-formulation of returns ...
openaire   +1 more source

Feltham-Ohlson model: goodwill and cenová volatilita

2011
This paper derives and tests the hypothesis that there exists a positive relationship between the amount of unrecognized goodwill a company has in relation to the book value of its equity, and the volatility of the price of its stock and the average trading volume of its shares, and that further this relationship is stronger when the source of that ...
openaire   +2 more sources

Antibody–drug conjugates: Smart chemotherapy delivery across tumor histologies

Ca-A Cancer Journal for Clinicians, 2022
Paolo Tarantino   +2 more
exaly  

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