Earnings, Earnings Growth and Value
 |
|
Содержание:
С прискорбием извещаем, Если бы смерть спала
Описание:
Earnings, Earnings Growth and Value presents a model of earnings and dividends leading up to the core principle that growth in earnings explains the price to forward-earnings ratio. This model is referred to as the OJ (Ohlson and Jeuttner-Nauroth) model. The OJ model takes into account two growth measures of earnings -- the near term and the long term -- to explain the price to forward-earnings ratio. Further, the model allows for a broad set of dividend policies. Earnings, Earnings Growth and Value starts from the basics and derives the valuation formula which shows how value depends on earnings and their growth. Some of the topics developed here are include dividend policy irrelevancy (DPI), how one extends the model to incorporate an underlying information dynamic, accounting rules and their influence on the model, and ways in which the model can be extended to reflect operating vs. financial activities. Earnings, Earnings Growth and Value should be required reading for...Похожие книги
 | Research in Labor Economics, Volume 17 Автор: Peter Boettke, Solomon Polachek Год: 2001 |
 | The Financial Numbers Game: Detecting Creative Accounting Practices Автор: Charles W. Mulford, Eugene E. Comiskey Год: 2005 |
 | Using SAS in Financial Research Автор: Ekkehart Boehmer, John Broussard, Juha-Pekka Kallunki Год: 2001 |
 | Advances in Accounting (Advances in Accounting) (Advances in Accounting) Автор: Savo G. Glisic Год: 2005 |
 | Does Education Really Help?: Skill, Work, and Inequality Автор: Edward N. Wolff Год: 2006 |
 | Creative Cash Flow Reporting: Uncovering Sustainable Financial Performance Автор: Charles W. Mulford, Eugene E. Comiskey Год: 2005 |