Matches in SemOpenAlex for { <https://semopenalex.org/work/W1846286368> ?p ?o ?g. }
Showing items 1 to 62 of
62
with 100 items per page.
- W1846286368 abstract "Way back in 1934, Graham and Dodd observed the importance of earning power in investment theory. According to them, history of actual earning with a reasonable expectation should be approximated in future. The empirical study of Ball and Brown (1968) contends that - of all the sources of information as regards the working of a firm during a year, income number reported in the annual income statement captures one-half or more.In the backdrop of relevance of accounting numbers for equity valuation, Ohlson (1995) and Feltham & Ohlson (1995) provide an objective valuation model based on abnormal earning. According to the models, the fundamental of valuation depends on abnormal earning (NIa) - an autoregressive process of the first order [AR (1)] - that is related to the abnormal earning of the previous period. Along with abnormal earning there may be other variables like book value of the equity, operating cash flow, accruals and other information [all of them being autoregressive - AR (1) process] can be used severally and jointly for predicting equity value.In the present paper we have made an attempt to taste the forecasting ability of equity share value of CNXNIFTY companies of the National Stock Exchange of India empirically for a period covering altogether10 years (1999 to 2008) by pooling cross-sectional data on abnormal earning, book value and operating cash flow in line with the forecasting and valuation equation models of Ohlson (1995) and Feltham & Ohlson (1995). Our findings suggest that abnormal earning ,book value and operating cash flow component of earning respectively follow an autoregressive process. Information on abnormal earning and book value aid in predicting equity value. The findings are consistent with Ohlson model." @default.
- W1846286368 created "2016-06-24" @default.
- W1846286368 creator A5048350448 @default.
- W1846286368 date "2008-01-01" @default.
- W1846286368 modified "2023-09-26" @default.
- W1846286368 title "Accounting Earning, Book Value and Cash Flow in Equity Valuation: An Empirical Study on CNX NIFTY Companies" @default.
- W1846286368 cites W2069414789 @default.
- W1846286368 cites W2079344287 @default.
- W1846286368 cites W2090758019 @default.
- W1846286368 cites W2130392613 @default.
- W1846286368 cites W3122631656 @default.
- W1846286368 doi "https://doi.org/10.2139/ssrn.1310080" @default.
- W1846286368 hasPublicationYear "2008" @default.
- W1846286368 type Work @default.
- W1846286368 sameAs 1846286368 @default.
- W1846286368 citedByCount "1" @default.
- W1846286368 countsByYear W18462863682012 @default.
- W1846286368 crossrefType "journal-article" @default.
- W1846286368 hasAuthorship W1846286368A5048350448 @default.
- W1846286368 hasConcept C106159729 @default.
- W1846286368 hasConcept C121955636 @default.
- W1846286368 hasConcept C149782125 @default.
- W1846286368 hasConcept C162324750 @default.
- W1846286368 hasConcept C163428354 @default.
- W1846286368 hasConcept C166819830 @default.
- W1846286368 hasConcept C169824061 @default.
- W1846286368 hasConcept C17744445 @default.
- W1846286368 hasConcept C186027771 @default.
- W1846286368 hasConcept C199539241 @default.
- W1846286368 hasConcept C199728807 @default.
- W1846286368 hasConcept C2781426361 @default.
- W1846286368 hasConcept C4577558 @default.
- W1846286368 hasConceptScore W1846286368C106159729 @default.
- W1846286368 hasConceptScore W1846286368C121955636 @default.
- W1846286368 hasConceptScore W1846286368C149782125 @default.
- W1846286368 hasConceptScore W1846286368C162324750 @default.
- W1846286368 hasConceptScore W1846286368C163428354 @default.
- W1846286368 hasConceptScore W1846286368C166819830 @default.
- W1846286368 hasConceptScore W1846286368C169824061 @default.
- W1846286368 hasConceptScore W1846286368C17744445 @default.
- W1846286368 hasConceptScore W1846286368C186027771 @default.
- W1846286368 hasConceptScore W1846286368C199539241 @default.
- W1846286368 hasConceptScore W1846286368C199728807 @default.
- W1846286368 hasConceptScore W1846286368C2781426361 @default.
- W1846286368 hasConceptScore W1846286368C4577558 @default.
- W1846286368 hasLocation W18462863681 @default.
- W1846286368 hasOpenAccess W1846286368 @default.
- W1846286368 hasPrimaryLocation W18462863681 @default.
- W1846286368 hasRelatedWork W1969170035 @default.
- W1846286368 hasRelatedWork W2053146579 @default.
- W1846286368 hasRelatedWork W2072392942 @default.
- W1846286368 hasRelatedWork W2215252091 @default.
- W1846286368 hasRelatedWork W2293155697 @default.
- W1846286368 hasRelatedWork W2490945023 @default.
- W1846286368 hasRelatedWork W4231491030 @default.
- W1846286368 hasRelatedWork W641921709 @default.
- W1846286368 hasRelatedWork W2201324384 @default.
- W1846286368 hasRelatedWork W572301758 @default.
- W1846286368 isParatext "false" @default.
- W1846286368 isRetracted "false" @default.
- W1846286368 magId "1846286368" @default.
- W1846286368 workType "article" @default.