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Modelos de valoración basados en magnitudes contables: limitaciones del modelo de resultado residual

 

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Author: Abad Navarro, María Cristina
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 413-427
ISBN/ISSN: 84-96378-10-1
Document type: Presentation
Abstract: Capital markets accounting research has recently redirected its interest towards valuation models. During the past decade, the Residual Income Valuation Model (RIVM) has become prominent in the literature. The objective of this paper is to analyze the conceptual foundations of the RIMV. After indicating its advantages in comparison with the traditional valuation models, we focus on the description of its limitations from a theoretical and empirical point of view. The most significant shortcomings which are analyzed are: the violation of the clean surplus relationship, the scale effect, and the estimation of terminal value.
Cite: Abad Navarro, M.C. y Caro Fernández, S. (2005). Modelos de valoración basados en magnitudes contables: limitaciones del modelo de resultado residual. En Cities in competition. XV Spanish-Portuguese Meeting of Scientific Management (413-427), Sevilla: Universidad de Sevilla.
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Format: PDF

URI: https://hdl.handle.net/11441/80109

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