The dynamic effects of shocks in a clean surplus model

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dc.creator Ansong, Granville
dc.creator Oppong, Andrews
dc.date.accessioned 2014-03-07T18:38:08Z
dc.date.available 2014-03-07T18:38:08Z
dc.date.issued 1999
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/25745
dc.description.abstract The paper derives some implications for the price-book value model of Ohlson [1995] and Feltham and Ohlson [1995] when earnings and dividends are subject to shocks (random disturbances). The paper’s main conclusion is that a one-time autoregressive earnings shock has a permanent effect on earnings, book value and dividends. Under a particular parameterization, a positive earnings shock increases book value only to the extent that its effect on productivity is transitory. en_CA
dc.description.provenance Submitted by Trish Grelot (trish.grelot@smu.ca) on 2014-03-07T18:38:08Z No. of bitstreams: 1 asb_proceedings_1999_ansong_g.pdf: 73874 bytes, checksum: ec152cbc1215c5af5e242f10e36c09c0 (MD5) en
dc.description.provenance Made available in DSpace on 2014-03-07T18:38:08Z (GMT). No. of bitstreams: 1 asb_proceedings_1999_ansong_g.pdf: 73874 bytes, checksum: ec152cbc1215c5af5e242f10e36c09c0 (MD5) Previous issue date: 1999 en
dc.language.iso en en_CA
dc.publisher Atlantic Schools of Business en_CA
dc.subject.lcsh Corporations -- Valuation -- Mathematical models
dc.subject.lcsh Financial statements
dc.title The dynamic effects of shocks in a clean surplus model en_CA
dc.type Text en_CA
dcterms.bibliographicCitation Proceedings of the 29th Atlantic Schools of Business Conference, Halifax, Nova Scotia,1999
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