Alternative Security Valuation Model: Theory and Empirical Results

Cheng Few Lee

Chapter 90 in Handbook of Financial Econometrics, Mathematics, Statistics, and Machine Learning:(In 4 Volumes), 2020, pp 3143-3192 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In this chapter, we will discuss four alternative security valuation models. These four models are as follows: (i) Warren and Shelton model, (ii) Francis and Rowell model, (iii) Feltham–Ohlson model, and (iv) combined forecasting model. In this chapter, we will show how accounting, stock price, and economic information can be used to determine security values in terms of finance theory. Algebraic simultaneous equation, econometrics model, and Excel program will be used for empirical studies.

Keywords: Financial Econometrics; Financial Mathematics; Financial Statistics; Financial Technology; Machine Learning; Covariance Regression; Cluster Effect; Option Bound; Dynamic Capital Budgeting; Big Data (search for similar items in EconPapers)
JEL-codes: C01 C1 G32 (search for similar items in EconPapers)
Date: 2020
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