Essays about: "residual earnings"
Showing result 1 - 5 of 10 essays containing the words residual earnings.
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1. The Predictive Value of Abnormal Positive Tone in Earnings Conference Calls
University essay from Göteborgs universitet/Graduate SchoolAbstract : Tone in qualitative firm disclosures has increasingly caught the academic in-terest. Earnings conference calls are however a form of firm communication that largely have been overlooked in accounting research. 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. The Persistent Measurement Biases
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : Despite recent advancements in the field of accounting-based valuation, the challenges in linking forecasts of residual income levels to past financial statements; and simultaneously considering the effects of conservatism in the accounting, remain. This paper describes the exploration of an equity valuation model that adheres to a linear information model as conceptualised by Ohlson (1995), and Feltham and Ohlson (1995) in the forecasts of earnings, which is parsimonious and individual for each firm. READ MORE
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4. 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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5. 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
