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The Equity Prices and Accounting Variables: The role of the most recent prior period's price in value relevance studies - Softcover
Synopsis
Considering reformulation of the Ohlson (1995) model, this book demonstrates how to improve the empirical specification of value relevance models that explore the relevance of accounting information by accommodating the most recent prior period’s equity price as an additional explanatory variable. When the model specification is improved by including the most recent prior period’s price as an additional explanatory variable, current trailing earnings are shown to be at best marginally value relevant when empirically explaining share prices in value relevance regression models. This book also demonstrates that inclusion of the most recent prior period’s price as an additional explanatory variable eliminates the scale problem in value relevance models whereby the scale (or size) of dependent and independent variables in value relevance studies affects the apparent explanatory power of the models. Therefore, this book specifically indicates that value relevance studies that use the Ohlson (1995) model should use, for econometric reasons, change in price or else returns, not the price level, as the dependent variable.
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About the Author
Dr.S.Senthilnathan has diverse knowledge with the skills for knowledge dissemination and administration, and written a number of articles in many subjects, such as in Organizational Behaviour and Management, Economics, Marketing and Finance, in particular. He has wide experience in teaching Management, Statistics and Finance related subjects.
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The Equity Prices and Accounting Variables
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LAP LAMBERT Academic Publishing Mai 2012, 2012
ISBN 10: 3659103721
ISBN 13: 9783659103728
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Considering reformulation of the Ohlson (1995) model, this book demonstrates how to improve the empirical specification of value relevance models that explore the relevance of accounting information by accommodating the most recent prior period s equity price as an additional explanatory variable. When the model specification is improved by including the most recent prior period s price as an additional explanatory variable, current trailing earnings are shown to be at best marginally value relevant when empirically explaining share prices in value relevance regression models. This book also demonstrates that inclusion of the most recent prior period s price as an additional explanatory variable eliminates the scale problem in value relevance models whereby the scale (or size) of dependent and independent variables in value relevance studies affects the apparent explanatory power of the models. Therefore, this book specifically indicates that value relevance studies that use the Ohlson (1995) model should use, for econometric reasons, change in price or else returns, not the price level, as the dependent variable. 188 pp. Englisch. Seller Inventory # 9783659103728
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The Equity Prices and Accounting Variables
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Senthilnathan SamithambyDr.S.Senthilnathan has diverse knowledge with the skills for knowledge dissemination and administration, and written a number of articles in many subjects, such as in Organizational Behaviour and Management, E. Seller Inventory # 5131537
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The Equity Prices and Accounting Variables | The role of the most recent prior period's price in value relevance studies
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Taschenbuch. Condition: Neu. The Equity Prices and Accounting Variables | The role of the most recent prior period's price in value relevance studies | Samithamby Senthilnathan | Taschenbuch | 188 S. | Englisch | 2012 | LAP LAMBERT Academic Publishing | EAN 9783659103728 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu. Seller Inventory # 106437770
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The Equity Prices and Accounting Variables
Published by
LAP LAMBERT Academic Publishing Mai 2012, 2012
ISBN 10: 3659103721
ISBN 13: 9783659103728
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -Considering reformulation of the Ohlson (1995) model, this book demonstrates how to improve the empirical specification of value relevance models that explore the relevance of accounting information by accommodating the most recent prior period's equity price as an additional explanatory variable. When the model specification is improved by including the most recent prior period's price as an additional explanatory variable, current trailing earnings are shown to be at best marginally value relevant when empirically explaining share prices in value relevance regression models. This book also demonstrates that inclusion of the most recent prior period's price as an additional explanatory variable eliminates the scale problem in value relevance models whereby the scale (or size) of dependent and independent variables in value relevance studies affects the apparent explanatory power of the models. Therefore, this book specifically indicates that value relevance studies that use the Ohlson (1995) model should use, for econometric reasons, change in price or else returns, not the price level, as the dependent variable.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 188 pp. Englisch. Seller Inventory # 9783659103728
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The Equity Prices and Accounting Variables : The role of the most recent prior period's price in value relevance studies
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LAP LAMBERT Academic Publishing, 2012
ISBN 10: 3659103721
ISBN 13: 9783659103728
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Considering reformulation of the Ohlson (1995) model, this book demonstrates how to improve the empirical specification of value relevance models that explore the relevance of accounting information by accommodating the most recent prior period s equity price as an additional explanatory variable. When the model specification is improved by including the most recent prior period s price as an additional explanatory variable, current trailing earnings are shown to be at best marginally value relevant when empirically explaining share prices in value relevance regression models. This book also demonstrates that inclusion of the most recent prior period s price as an additional explanatory variable eliminates the scale problem in value relevance models whereby the scale (or size) of dependent and independent variables in value relevance studies affects the apparent explanatory power of the models. Therefore, this book specifically indicates that value relevance studies that use the Ohlson (1995) model should use, for econometric reasons, change in price or else returns, not the price level, as the dependent variable. Seller Inventory # 9783659103728
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