Equity Value as a Function of (eps1, eps2, dps1, bvps, beta): Concepts and Realities. Discussion of Ohlson and Johannesson

Abacus 52(1):100-105 · February 2016

6 Pages Posted: 23 Dec 2015 Last revised: 20 May 2016

Date Written: December 22, 2015

Abstract

Ohlson and Johannesson (2016) examine how valuation models and model inputs help explain stock prices. In particular, they develop and test a new valuation model based on abnormal earnings growth (AEG). They also critique residual income valuation (RIV). The issue is important since the two valuation approaches play a central role in research and textbooks.

Keywords: valuation, OJ, RIV, earnings, book value, dividends

JEL Classification: M41, G12, G14

Suggested Citation

Nekrasov, Alexander, Equity Value as a Function of (eps1, eps2, dps1, bvps, beta): Concepts and Realities. Discussion of Ohlson and Johannesson (December 22, 2015). Abacus 52(1):100-105 · February 2016, Available at SSRN: https://ssrn.com/abstract=2707365

Alexander Nekrasov (Contact Author)

University of Illinois Chicago ( email )

1200 W Harrison St
Chicago, IL 60607
United States

HOME PAGE: http://business.uic.edu/profiles/alexander-nekrasov/

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