An empirical assessment of the residual income valuation model 1 This paper has benefited from the comments of seminar participants at the Australian Graduate School of Management, the University of Chicago, the University of Rochester's Journal of Accounting and Economics Conference and the University of Texas at Austin. We are grateful for the comments of Andrew Alford, Brian Bushee, Ilia Dichev, John Hand, Trevor Harris, Bob Kaplan, S.P. Kothari (the editor), James Myers and Scott Richardson. We are particularly grateful for the detailed comments and suggestions of Bill Beaver (the referee and discussant) and Jim Ohlson (see Ohlson, 1998). We thank I/B/E/S for the use of analyst forecast data. All views and errors are our own. 1
Titel:
An empirical assessment of the residual income valuation model 1 This paper has benefited from the comments of seminar participants at the Australian Graduate School of Management, the University of Chicago, the University of Rochester's Journal of Accounting and Economics Conference and the University of Texas at Austin. We are grateful for the comments of Andrew Alford, Brian Bushee, Ilia Dichev, John Hand, Trevor Harris, Bob Kaplan, S.P. Kothari (the editor), James Myers and Scott Richardson. We are particularly grateful for the detailed comments and suggestions of Bill Beaver (the referee and discussant) and Jim Ohlson (see Ohlson, 1998). We thank I/B/E/S for the use of analyst forecast data. All views and errors are our own. 1
Auteur:
Dechow, Patricia M. Hutton, Amy P. Sloan, Richard G.