Abstract
This paper revisits Ohlson 1995 to make a number of points not generally appreciated in the literature. First, the residual income valuation (RIV) model does not serve as a crucial centerpiece in the analysis. Instead, RIV plays the role of condensing and streamlining the analysis, but without any effect on the substantive empirical conclusions. Second, the concept of "other information" in the model can be given concrete empirical content if one presumes that next-period expected earnings are observable.
| Original language | English |
|---|---|
| Pages (from-to) | 107-120 |
| Journal | Contemporary Accounting Research |
| Volume | 18 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Mar 2001 |
| Externally published | Yes |
Bibliographical note
Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].Research Keywords
- Accounting data
- Equity valuation
- Expected earnings
- Residual income valuation
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