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Contraste empírico de la propuesta de valoración desarrollada por Feltham y Ohlson (1995)

 

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Author: Caro Fernández, Sonia
Coordinator/Director: Díez de Castro, Enrique Carlos
Brândao, Elísio
Department: Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
Date: 2005
Published in: Cities in competition. XV Spanish-Portuguese Meeting of Scientific Management (2005), p 193-208
ISBN/ISSN: 84-96378-10-1
Document type: Presentation
Abstract: This paper provides an empirical test of the Linear Information Dynamics underlying Feltham and Ohlson’s [1995] approach to firm valuation based on accounting numbers. Results of a time-series analysis of prices, earnings and book values of a sample of Spanish listed companies reveal that there is a consistent basis to claim that Feltham and Ohlson’s valuation model is not valid in practice.
Cite: Caro Fernández, S. (2005). Contraste empírico de la propuesta de valoración desarrollada por Feltham y Ohlson (1995). En Cities in competition. XV Spanish-Portuguese Meeting of Scientific Management (193-208), Sevilla: Universidad de Sevilla.
Size: 283.2Kb
Format: PDF

URI: https://hdl.handle.net/11441/80026

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