Results 171 to 180 of about 13,797,932 (205)

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
exaly   +2 more sources

Testing the Ohlson Model: v or not v, that is the Question

SSRN Electronic Journal, 1998
This paper tests the sharply differing predictions that emerge in Ohlson?s (1995) model from two assumptions about other information v that is reflected in a firm?s equity market value but not in its current financial statements. We find that neither assumption cleanly fits the data.
John R.M. Hand, Wayne R. Landsman
openaire   +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
openaire   +1 more source

Empirical applications of the Ohlson [1995] and Feltham and Ohlson [1995, 1996] valuation models

Managerial Finance, 1999
Outlines the key features of the Ohlson (1995) and Feltham and Ohlson (1995, 1996) models, which relate share values to current accounting numbers, and reviews research on their empirical application. Identifies some inconsistencies in results and directions for future research.
openaire   +1 more source

Using of Ohlson Model for Express Valuation of the Company

Auditor, 2016
Th e article discusses the prospect of using the model of Ohlson to conduct a rapid assessment of the market value of the company. Model of added value have a high reliability of the fi nal calculations with a high quality of accounting in the company.
K. Ordov, null Ордов
openaire   +1 more source

Multi-Lagged Specification of the Ohlson Model

Journal of Accounting, Auditing & Finance, 1999
This paper extends the study by Bar-Yosef, Callen, and Livnat (BCL) (1996), in which they test the single lagged formulation of the Ohlson (1995) linear valuation model by assuming that book values, earnings, and dividends are the underlying primitives in a multi-lagged Garman-Ohlson (1980) framework. Unlike BCL who focus solely on
openaire   +1 more source

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

Journal of Accounting, Auditing & Finance, 2000
The work of Ohlson (1995) and Feltham and Ohlson (1995) had a profound impact on accounting research in the 1990's. 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.
Thomas Lys, Kin Lo
exaly   +2 more sources

Applying the Ohlson and Feltham-Ohlson Models for Equity Valuation: Some Accounting Considerations

2003
This paper is designed as a secondary research that summarizes major findings related to the equity valuation models of James Ohlson (1995) and Gerald Feltham & James Ohlson (1995) from the viewpoint of their application in real world circumstances and with only publicly available information at hand.
openaire   +1 more source

The Fair-Value Accounting Framework and the Evolution of the Ohlson Model

SSRN Electronic Journal, 2018
Our study examines the Ohlson Model, which links a company's market value to its equity and net earnings, in the context of the evolution of the accounting model, characterized in particular by a more extensive application of fair value and a broader measure of performance.
Mohamed Zaher Bouaziz, SSbastien Deschhnes, Miguel Rojas   +2 more
openaire   +1 more source

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
openaire   +1 more source