Using SMVAM as a linear approximation to a nonlinear function: a note

A study contending that the linear statistical market-value accounting model (SMVAM) is a reasonable approximation of the relationship between market and book equity for firms with positive balance sheets, but that the linear approximation is inadequate when the data sample includes firms whose balance sheets show a low or negative liquidation value.

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Year of publication:	1988
Authors:	Demirgüç-Kunt, Asli ; Thomson, James B.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Corporate profits

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 8810
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005428429