Search Results - subject_exact:"Residualgewinn"

A case study of bank equity valuation methods employed by South African, Nigerian and Kenyan equity researchers

Moyo, Vusani; Obadire, Ayodeji Michael - 2024

The valuation of banks is inherently complicated because of the uncertainties arising from their information opaqueness and inherent risks. Unlike non-banking firms, banks require specialised equity-side valuation approaches. This study addresses a gap in the literature by examining valuation...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014636772

Has the time come for excess profit taxes?

Hebous, Shafik - 2023

Excess profit taxes (EPTs) emerge as an option to contribute to the extra needed revenues, avoiding a general increase in corporate tax rates, while having the prospect to serve as a gateway to converge toward a permanent efficient rent tax instaed of the corporate income tax. General unilateral...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014308781

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Has the time come for excess profit taxes?

Hebous, Shafik - 2023

Book / Working Paper

Value investing via Bayesian inference

Huefner, Bernd; Rüenaufer, Marcel; Boesch, Martin - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014431294

Evidence on EVA

Biddle, Gary C.; Bowen, Robert M.; Wallace, James S. - 2023

Economic Value Added (EVA®) has attracted considerable attention as an alternative to traditional accounting earnings for use in both valuation and incentive compensation. With a host of consultants now marketing related metrics, numerous claims have been made – most based on anecdotal...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014255667

A modified Ohlson (1995) model and its applications

Wang, Pengguo - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014413936

Übergewinnsteuer

2022 - Stand August 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013337608

Economic value added research : mapping thematic structure and research trends

Tripathi, Prasoon Mani; Chotia, Varun; Solanki, Umesh; … - 2022

The purpose of this article is to examine the academic literature about the function, structure, calculation, and weaknesses of economic value added (EVA). EVA has been used as a measure of economic profit and captures the inadequacies of using traditional rates of return. In addition, this...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014232571

Economic profitability and (non)additivity of residual income

Magni, Carlo Alberto - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012664146

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Economic Profitability and (Non)Additivity of Residual Income

Magni, Carlo Alberto - 2022

Book / Working Paper

Shareholder-Value : Big in Japan

Haaker, Andreas - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015076810

Mutual fund value creation : insights from the residual income model

Xu, Wenhao; Chen, Taoqin - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014531152

EVA and the "new economy"

Milano, Gregory V. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375944

Beyond EVA

Milano, Gregory V. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375945

Comparisons of residual income model and growth value model

Yeh, I-Cheng - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014470996

Accounting information and firm valuation

Liu, Zishang; Chu, Kai Cheung; Cheng, C. S. Agnes - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015047737

Firm, Equity Asset, and Fixed Income Securities Valuation : Practical Examples and Case Studies for Accounting and Financial Analyst Students

Moyo, Vusani - 2024

Chapter 1: Introduction -- Chapter 2: The Basics Of Time Value Of Money -- Chapter 3: Valuation Of Cash Flows, Annuities And Perpetuities -- Chapter 4: Sources And Cost Of Long-Term Capital -- Chapter 5: Valuation Of Fixed Income Securities -- Chapter 6: Valuation Of Equities -- Chapter 7: Firm...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015047882

A New Investment Strategy with Economic Cycle Alternations Based on Residual Income Valuation Model : Empirical Results from Taiwan Stock Markets

Hwang, Tang-Lin - 2021

The purpose of this research is an attempt to present a mixed model based on the residual income valuation model, where two new factors, business cycles and financial items, are added. We offer a practical investment opinion by which investors and fundamental analysts can either establish or...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013231159

A State Space Framework for the Residual Income Valuation Model of Stock Prices

Awwal, Faisal M.; Bidarkota, Prasad V. - 2020

We assess the empirical implications of the valuation model for equity prices developed in Ohlson (1995), by accounting for residual income information dynamics. A key assumption of the Ohlson (1995) residual income model stipulates that next period t + 1 residual income is a linear function of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014352329

Dividend policy and market value of banks in MENA emerging markets : residual income approach

Budagaga, Akram Ramadan - 2020

Purpose This study will examine the impact of cash dividends on the market value of banks listed in Middle East and North African (MENA) emerging countries during the period 2000-2015. Design/methodology/approach The current study adopts residual income approach based on Ohlson's (1995)...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012395316

The Effects of Return on Investment and Residual Income Measures on Risk-Taking in Capital Investment Decisions

Brown, Jason - 2020

We conduct an experiment to examine the separate and interactive effects of individuals' risk preferences and two commonly-used performance measures – return on investment (ROI) and residual income (RI) – on risk-taking in capital investment decisions. We predict and find that the use of ROI...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012844558

Exploring residual profit allocation

Beer, Sebastian; Mooij, Ruud A. de; Hebous, Shafik; … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014227808

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Exploring residual profit allocation

Beer, Sebastian; Mooij, Ruud A. de; Hebous, Shafik; … - 2020

Book / Working Paper

Exploring Residual Profit Allocation

Beer, Sebastian - 2020

Book / Working Paper

Equity valuation

2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014247705

Another look at the dividend-price relationship in the accounting valuation framework

Easterday, Kathryn E.; Sen, Pradyot K. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014342119

How return on investment and residual income performance measures and risk preferences affect risk-taking

Brown, Jason L.; Martin, Patrick R.; Sprinkle, Geoffrey B. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014295500

Residual Income Model and Abnormal Returns : A Comparison to Factor Styles and Sell-Side Analysts

Pinochi, Marco - 2019

We investigate the return forecasting ability of a residual income model based on analysts' estimates and time-varying risk-free rates, equity risk premiums and terminal value growths, in US and Europe, along the period 1995-2018. While the academic literature acknowledged the reliability of the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012860239

Residual Profit Allocation by Income

Devereux, Michael P. - 2019

This paper is a draft chapter of a forthcoming book on the taxation of international business profit by the authors of this paper, to be published by Oxford University Press. The group has been meeting regularly for five years, to identify and discuss the key problems of the existing...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012890076

Wie sehr schadet eine Ad-hoc-Steuer? : Kurzfassung der Stellungnahme zur Übergewinnsteuer

2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013472179

Incentivizing irreversible investment

Livdan, Dmitry; Nezlobin, Alexander - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013198767

Growth : rectifying two common mistakes

Ohlson, James A. - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013270636

Rotational dynamics of EVA style analysis : implications for traders and investors

Chakraborty, Atreya; Grant, James L.; Trahan, Emery A.; … - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014231569

Are Top Management Networking Skills Valuable? An Empirical Investigation of US Companies in the Context of Residual Income Valuation Model

Shahgholian, Azar - 2018

This study investigates the impact of networking skills on company value by using the residual income model. We examine U.S. companies that constitute Standard and Poor's 1500 index for the period 2002-2015 and we provide evidence that networking skills are significant part of company value. The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012933337

On the Consistent Inference of the Economic Relation of the Residual Income Valuation Model

Kang, Jian - 2017

The Residual Earnings (RE) model has informed the capital market research over the last twenty years. To employ it in an empirical setting researchers commonly make extra assumptions about how future RE are related to and predicted by today's observed numbers. In this article, we show that the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012957753

Dividend payment and its impact on the value of firms listed on Istanbul stock exchange : a residual income approach

Budagaga, Akram - 2017

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011789258

Capital and finance : theory and history

Lewin, Peter; Cachanosky, Nicolás - 2021 - 1 edition

"This book applies finance to the field of capital theory. While financial economics is a well-established field of study, the specific application of finance to capital theory remains unexplored. It is the first book to comprehensively study this financial application, which also includes...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012200604

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Capital and finance : theory and history

Lewin, Peter; Cachanosky, Nicolás - 2021 - 1. edtion

Edition: 1. edtion

Book / Working Paper

The residual income model cannot challenge the discounted cash flow method in stock valuations : an analysis of global manufacturing and service companies

Takacs, Andras; Erb, Edina C. - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012697160

Künstliche neuronale Netze als Instrument der Werttreiberanalyse im Kontext der wertorientierten Unternehmenssteuerung am Beispiel des EVA

Hölscher, Marius - 2021

In diesem Buch wird ein in aktuelle Planungsinstrumente integrierbares Instrument zur Verbesserung der Entscheidungsunterstützungsfunktion des Controlling mit der Möglichkeit der Fokusjustierung der Entscheider entwickelt. Im Vordergrund steht dabei die technische Durchführbarkeit einer...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012585244

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Künstliche neuronale Netze als Instrument der Werttreiberanalyse im Kontext der wertorientierten Unternehmenssteuerung am Beispiel des EVA

Hölscher, Marius - 2021

Book / Working Paper

Das Residualgewinnverfahren aus Sicht der funktionalen Unternehmensbewertung

Lohse, Carolin Maria - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012505635

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Das Residualgewinnverfahren aus Sicht der funktionalen Unternehmensbewertung

Lohse, Carolin Maria - 2021

Book / Working Paper

Diversity in leading and laggard regions : living standards, residual income and regional policy

Calafati, Luca; Froud, Julie; Haslam, Colin; Johal, Sukhdev - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012499907

The Use of Residual Income Valuation Methods by U.S. Sell-Side Equity Analysts

Hand, John R. M. - 2016

We study the use of residual income (RI) valuation methods by U.S. sell-side equity analysts, particularly as compared to DCF. We document that RI valuations are rare — just 1/16th as common as DCF — and that different RI and DCF valuations are not infrequently provided by the same analyst...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013005406

Understanding Bank Valuation : An Application of the Equity Cash Flow and the Residual Income Approach in Bank Financial Accounting Statements

Aggelopoulos, Eleftherios - 2016

The aim of this paper is to present a framework to bank valuation based on two generally acceptable valuation models that are not specific to banks: the model of discounted Equity Cash Flow to Equity (ECF) and the model of discounted Residual Income (RI). As emphasized by Koller, Goedhart and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012978034

EVA Revisited

Baker, H. Kent - 2016

Much debate exists about the effectiveness of Economic Value Added (EVA). We evaluate 11 common concerns about EVA and conclude that the major concerns are that EVA: (1) is distorted by the depreciation method, (2) might require complex adjustments; (3) is a short-term measure; (4) is an absolute...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012981989

Housing affordability in Austria by age and year of move-in : application of the residual income and tailored ratio approach

Kunnert, Andrea - 2016

Housing affordability problems are expected to increase for Austrian households because housing costs have been rising dynamically over the last years. Households who moved more recently are expected to be affected the most. Previous research has identified younger households as also being prone...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011523842

Simultaneous estimation of cost of equity and expected earnings of individual firms with the residual income model

Adachi, Tetsuya; Asano, Takashi; Okuda, Tatsushi - 2016

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011582846

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Simultaneous estimation of cost of equity and expected earnings of individual firms with the residual income model

Adachi, Tetsuya; Asano, Takashi; Okuda, Tatsushi - 2016

Book / Working Paper

Hat die Bestandsbewertung von zum Verkauf bestimmter Erzeugnisse Einfluss auf den Economic Value Added (EVA) sowie auf den Wert von Geschäftsbereichen?

Kesten, Ralf - 2016

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011477261

The history and trajectory of economic value added from a management fashion perspective

Madsen, Dag Øivind; Johanson, Daniel; Stenheim, Tonny - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012284980

City Union Bank : residual income approach to valuation

Sriram, M. - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012287455

Case analysis I : City Union Bank : residual income approach to valuation

Rao, Ullas - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012287463

Case analysis II : City Union Bank : residual income approach to valuation

Kumar, S. S. S. - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012287466

Scheinbar "günstiges" KBV bei negativen Residualgewinnen und das Problem positiver Wachstumsraten

Haaker, Andreas - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012260490

Residual Income Models and the Valuation of Conventional and Islamic Financial Institutions

Schoon, Natalie - 2015

Financial institutions have been known to be notoriously hard to value and are always excluded from research into valuation models. This paper explores the best model to be applied to value conventional institutions. Subsequently, the model is applied to Islamic financial institutions to assess...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013022781

Analysis of the Residual Income Valuation and Abnormal Earnings Growth Models : A Practical Approach Using Analysts’ Forecasts

Almeida, Jose Elias Feres de - 2015

This paper revisits two valuation models based on accounting figures: the Residual Income Valuation (RIV) and Abnormal Earnings Growth (AEG). Our research design has two approaches: i) we demonstrate theoretical integration of both models; and ii) we show in a practical manner that models...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013018528