The dynamic effects of shocks in a clean surplus model

Ansong, Granville; Oppong, Andrews

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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