Earnings, Book Values, and Dividends in Equity Valuation: An Empirical Perspective*

James A. Ohlson

Contemporary Accounting Research, 2001, vol. 18, issue 1, 107-120

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.

Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (66)

Downloads: (external link)
https://doi.org/10.1506/7TPJ-RXQN-TQC7-FFAE

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:coacre:v:18:y:2001:i:1:p:107-120

Access Statistics for this article

More articles in Contemporary Accounting Research from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().