عنوان

Accounting information and equity valuation :

شابک

1306163684

شابک

1461481600

شابک

9781306163682

شابک

9781461481607

شابک اشتباه

9781461481591

شماره

dltt

عنوان اصلي

Accounting information and equity valuation :

نام عام مواد

[Book]

ساير اطلاعات عنواني

theory, evidence, and applications /

نام نخستين پديدآور

Guochang Zhang

نام خاص و کميت اثر

1 online resource (xxiv, 233 pages) :

ساير جزييات

illustrations.

عنوان فروست

Springer series in accounting scholarship

متن يادداشت

Includes bibliographical references

متن يادداشت

Chapter 1 Value Concept and Accounting Measures of Value Generation: The Residual Income Model -- Chapter 2 Mapping Accounting Data to Value via Linear Information Dynamics: the Early Approach -- Chapter 3 Capital Following Profitability: Why the Residual Income Dynamic is Nonlinear -- Chapter 4 A Basic Model of Equity Value: Incorporating Growth and Abandonment Options -- Chapter 5 Testing the Properties of the ROM -- Chapter 6 Casting Theoretical Light on the Empirical Valuation Literature -- Chapter 7 Valuing Multiple-segment Firms: How Segment-level Data are Incrementally Relevant -- Chapter 8 A Valuation-based Theory of Corporate Divestiture: Why Financial Reporting May Fail to Resolve Information Asymmetries -- Chapter 9 Accounting Information and Equity Returns: A Derivative of the Value Function -- Chapter 10 An Evaluation of the Return-Earnings Research -- Chapter 11 Fair Value Accounting and Income Measurement: An Application to Standard Setting -- Chapter 12 Interpreting Financial Information in an Industry Context -- Chapter 13 Limitations and Future Directions

بدون عنوان

0

متن يادداشت

The purpose of this book is to offer a more systematic and structured treatment of the research on accounting-based valuation, with a primary focus on recent theoretical developments and the resulting empirical analyses that recognize the role of accounting information in making managerial decisions. Since its inception, valuation research in accounting has evolved primarily along an "empirically driven" path. In the absence of models constructed specifically to explain this topic, researchers have relied on economic intuition and theories from other disciplines (mainly finance and economics) as a basis for designing empirical analyses and interpreting findings. Although this literature has shed important light on the usefulness of accounting information in capital markets, it is obvious that the lack of a rigorous theoretical framework has hindered the establishment of a systematic and well-structured literature and made it difficult to probe valuation issues in depth. More recently, however, progress has been made on the theoretical front. The two most prominent frameworks are (i) the "linear information dynamic approach" and (ii) the "real options-based approach" which recognizes managerial uses of accounting information in the pursuit of value generation. This volume devotes its initial chapters to an evaluation of the models using the linear dynamic approach, and then provides a synthesis of the theoretical studies that adopt the real options approach and the empirical works which draw on them. The book also makes an attempt to revisit and critique existing empirical research (value-relevance and earnings-response studies) within the real options-based framework. It is hoped that the book can heighten interest in integrating theoretical and empirical research in this field, and play a role in helping this literature develop into a more structured and cohesive body of work. Value is of ultimate concern to economic decision-makers, and valuation theory should serve as a platform for studying other accounting topics. The book ends with a call for increased links of other areas of accounting research to valuation theory

منبع سفارش / آدرس اشتراک

MIL

شماره انبار

547619

شماره استاندارد بين المللي کتاب و موسيقي

9781306163682

موضوع مستند نشده

Business enterprises-- Valuation.

موضوع مستند نشده

Managerial accounting.

موضوع مستند نشده

Valuation theory.

شماره

ويراست

شماره رده

نشانه اثر

مستند نام اشخاص تاييد نشده

Zhang, Guochang.

مستند نام تنالگان تاييد نشده

Ohio Library and Information Network.

تاريخ عمليات

20150210032940.0

قواعد فهرست نويسي ( بخش توصيفي )

rda

نام الکترونيکي

نوع ماده

[Book]

تكميل شده

Y