clean surplus relation to assure valuations with residual incomes that are equivalent to those with cash flows. Chapter III … defines violations of the clean surplus principle, or dirty surplus accounting respectively, and describes its occurrence in … between accounting and finance. We will see that violations of the clean surplus relation hold far less pitfalls for empirical …

Residual income valuation is based on the assumption that the clean surplus relation holds. As pointed out by Ohlson … (2000), among others, the standard clean surplus relation is frequently violated. Moreover, standard residual income … extension of the clean surplus relation and derives simple analytical solutions for the value of outstanding stocks in terms of …

Residual income valuation is based on the assumption that the clean surplus relation holds. As pointed out by Ohlson … (2000), among others, the standard clean surplus relation is frequently violated. Moreover, standard residual income … extension of the clean surplus relation and derives simple analytical solutions for the value of outstanding stocks in terms of …

Residual income valuation is based on the assumption that the clean surplus relation holds. As pointed out by Ohlson … (2000), among others, the standard clean surplus relation is frequently violated. Moreover, standard residual income … extension of the clean surplus relation and derives simple analytical solutions for the value of outstanding stocks in terms of …