Earnings multifactor process, residual income valuation, and long-run risk
In this paper, we extend the residual income valuation model by incorporating the long-run
sensitivity of earnings to various economic factors. Our valuation procedure integrates the …
sensitivity of earnings to various economic factors. Our valuation procedure integrates the …
A state space framework for the residual income valuation model of stock prices
FM Awwal, PV Bidarkota - SN Business & Economics, 2021 - Springer
We assess the empirical implications of the valuation model for equity prices developed in
Ohlson (Contemp Account Res 11 (2): 661–687, 1995), by accounting for residual income …
Ohlson (Contemp Account Res 11 (2): 661–687, 1995), by accounting for residual income …
Equity Valuation-Seeking an Understanding Through Alternative Approaches
F Awwal - 2020 - search.proquest.com
Rationalization of observed stock prices is a task of great interest in nancial economics.
Several comprehensive surveys of the literature are available. See, for example, Hansen …
Several comprehensive surveys of the literature are available. See, for example, Hansen …