Essays about: "Abnormal earnings AEG model"
Found 5 essays containing the words Abnormal earnings AEG model.
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1. Improving Pricing Accuracy of the Abnormal Earnings Growth Model - Does a Fade-Away Factor Do the Trick?
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : In this thesis, we examine whether the pricing accuracy of the parsimonious AEG model can be improved when industry-specific fade-away factors of AEG are acknowledged in the model. In order to answer this question, the study uses three different methods, namely a simple linear regression, a graph analysis, and a calculation of implied fade-away factors, to derive industry-specific patterns. READ MORE
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2. Fundamental Valuation and Abnormal Returns: An Empirical Comparison of Fundamental Valuation Models
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : This paper empirically compares three different fundamental valuation models - AEG, DDM and RIV - by examining the models' abilities to predict future abnormal returns. Previous research on the comparison of fundamental valuation models assumes that the market is efficient in the semi-strong form and therefore focuses on the models' abilities to predict stock prices at the valuation date. READ MORE
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3. Intrinsic Equity Valuation : An Emprical Assessment of Model Accuracy
University essay from Södertörns högskola/Institutionen för samhällsvetenskaperAbstract : The discounted cash flow model and relative valuation models are ever-increasingly prevalent in today’s investment-heavy environment. In other words, theoretically inferior models are used in practice. READ MORE
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4. Complex Parsimony in Equity Valuation - An Empirical Assessment of Model Design and the Incremental Effects of Complexity
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : When deciding on a valuation model, an investor must be attentive to the juxtaposition between the usefulness, driven by complexity, and the simplicity of that particular model. This thesis employs an examination of four parsimonious equity valuation models (dividend discount model [DDM], residual income valuation model [RIV], abnormal earnings growth model [AEG], and the Ohlson-Juettner-Nauroth model [OJ]) and their usefulness in relation to the Nordic stock exchanges. READ MORE
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5. Equity Valuation : An examination of which investment valuation method appears to attain the closest value to the market price of a stock
University essay from IHH, FöretagsekonomiAbstract : PURPOSE- This paper empirically evaluate the ability among various types of parsimonious equity valuation models in order to ascertain which model represents the value of equity the best and thereby manage to withstand factors causing valuation errors. The more complicated models applied, the more underlying assumptions are needed. READ MORE
