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Analysts' functions are divided into discovery and interpretation roles, but separating between the two is non-trivial. We conjecture that analysts' interpretation skill can be gauged by their forecast revisions following material unanticipated news — in particular following non-earnings 8-K...
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Previous empirical studies derive the standard equity valuation models (i.e., DDM, RIM, and DCF model) while assuming … considerably smaller valuation errors. Moreover, by constructing these models, we obtain identical value estimates across the … the standard models. Finally, by providing a level playing field for the different valuation models, our findings have …
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This paper revisits two valuation models based on accounting figures: the Residual Income Valuation (RIV) and Abnormal … international evidences and present additional evidences of application of valuation models based on accounting information in … Brazil. Our findings support the use of valuation models based on accounting figures by analysts, investors, rating agencies …
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Standard equity valuation approaches (i.e., DDM, RIM, and DCF model) are derived under the assumption of ideal … generated by cross-sectional regression models. The main result is that our extended models yield considerably smaller valuation …. Finally, by providing a level playing field for the different valuation approaches, our findings have implications for other …
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valuation. Given the huge volume of research in this area, the review focuses on studies that either use or inform on accounting …
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The purpose of this paper is to determine a practical approach of calculation of the systematic risk of companies in line with the CAPM model. By performing an analysis of the methodology used in practice of determining the beta and review of the literature on the subject the accounting rules...
Persistent link: https://www.econbiz.de/10011993006
This paper examines the 225 banks that failed between February 2, 2007, and April 23, 2010, comparing them to a random sample of banks that had not failed as of April 23, 2010. We performed regression and discriminant analysis on quarterly call report data for one year, two years, three years,...
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