Comments on 'An empirical assessment of the residual income valuation model'

被引:21
作者
Beaver, WH [1 ]
机构
[1] Stanford Univ, Grad Sch Business, Stanford, CA 94305 USA
关键词
capital markets; equity book value; net income; valuation; analyst's forecasts;
D O I
10.1016/S0165-4101(98)00042-1
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
The comment reviews major features of the research design of the DMS study. Several opportunities for future research are discussed, including the exploration of the underlying information variables that influence analyst's forecasts. (C) 1999 Elsevier Science B.V. All rights reserved. JEL classification: M4; G23; C2.
引用
收藏
页码:35 / 42
页数:8
相关论文
共 14 条
[1]   TESTS OF ANALYSTS OVERREACTION UNDERREACTION TO EARNINGS INFORMATION AS AN EXPLANATION FOR ANOMALOUS STOCK-PRICE BEHAVIOR [J].
ABARBANELL, JS ;
BERNARD, VL .
JOURNAL OF FINANCE, 1992, 47 (03) :1181-1207
[2]   EVIDENCE THAT STOCK-PRICES DO NOT FULLY REFLECT THE IMPLICATIONS OF CURRENT EARNINGS FOR FUTURE EARNINGS [J].
BERNARD, VL ;
THOMAS, JK .
JOURNAL OF ACCOUNTING & ECONOMICS, 1990, 13 (04) :305-340
[3]  
BROWN L, 1987, J ACCOUNT ECON, V10, P159
[4]  
COLLINS D, 1989, J ACCOUNT ECON, V9, P143
[5]  
FELTHAM J, 1995, CONTEMP ACCOUNT RES, V11, P689
[6]  
FRANKEL R, 1998, IN PRESS J ACCOUNTIN, V25
[7]  
Hand J. R. M., 1998, TESTING OHLSON MODEL
[8]  
LAMBERT R, 1996, FINANCIAL REPORTING
[9]  
LEV B, 1993, J ACCOUNTING RES, V31, P109
[10]  
MILLER MH, 1966, AM ECON REV, V56, P333