FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2138607561> ?p ?o ?g. }

• W2138607561 endingPage "573" @default.
• W2138607561 startingPage "547" @default.
• W2138607561 abstract "Electric utilities in the United States are subject to a cost-plus normal profits pricing that is designed to align the market value of equity with the balance sheet book value. Perfect alignment implies the equality of the market and book values. Extant empirical evidence suggests that, for these utilities, actual cost/profit recovery does not follow a pure cost-plus pricing, raising the prospect that income statement items contribute to the determination of market value. What is not obvious is the extent to which the noted departure from pure cost-plus pricing results in misalignment of the market and book values, or the relative contribution of income statement items to the valuation of electric utility shares. This study pursues this question, using benchmark results for a sample of manufacturing firms to highlight the degree of market-to-book alignment for regulated and competitive firms. The results show a considerable alignment of the market and book values for utilities. In examining the relevance of book value and income statement items in the determination of market value, it is found that the contribution of earnings level to explaining market value diminishes markedly in the presence of book value for electric utilities, and the contribution of earnings change to explaining returns diminishes markedly in the presence of earnings levels. Earnings level complements book value in explaining market value for manufacturing firms, while earnings change complements earnings level in explaining returns. The results further show that the market and accounting values exhibit pronounced misalignments in returns-earnings models, especially for utilities." @default.
• W2138607561 created "2016-06-24" @default.
• W2138607561 creator A5033399235 @default.
• W2138607561 date "1998-12-01" @default.
• W2138607561 modified "2023-10-17" @default.
• W2138607561 title "Regulation and the Valuation Relevance of Book Value and Earnings: Evidence from the United States" @default.
• W2138607561 cites W1502883591 @default.
• W2138607561 cites W1533245567 @default.
• W2138607561 cites W1538137979 @default.
• W2138607561 cites W1562801357 @default.
• W2138607561 cites W1563705386 @default.
• W2138607561 cites W1834133337 @default.
• W2138607561 cites W1848084772 @default.
• W2138607561 cites W1964323814 @default.
• W2138607561 cites W1973095211 @default.
• W2138607561 cites W1979825610 @default.
• W2138607561 cites W1982431532 @default.
• W2138607561 cites W1996646044 @default.
• W2138607561 cites W2023870466 @default.
• W2138607561 cites W2024441291 @default.
• W2138607561 cites W2033076206 @default.
• W2138607561 cites W2047134097 @default.
• W2138607561 cites W2052711321 @default.
• W2138607561 cites W2075007695 @default.
• W2138607561 cites W2090758019 @default.
• W2138607561 cites W2108818539 @default.
• W2138607561 cites W2116347131 @default.
• W2138607561 cites W2313745202 @default.
• W2138607561 cites W2317250814 @default.
• W2138607561 cites W2322117901 @default.
• W2138607561 cites W2327050612 @default.
• W2138607561 cites W2328817523 @default.
• W2138607561 cites W2333330489 @default.
• W2138607561 cites W263129243 @default.
• W2138607561 cites W3122431721 @default.
• W2138607561 cites W3125340448 @default.
• W2138607561 cites W4229513217 @default.
• W2138607561 doi "https://doi.org/10.1111/j.1911-3846.1998.tb00571.x" @default.
• W2138607561 hasPublicationYear "1998" @default.
• W2138607561 type Work @default.
• W2138607561 sameAs 2138607561 @default.
• W2138607561 citedByCount "46" @default.
• W2138607561 countsByYear W21386075612012 @default.
• W2138607561 countsByYear W21386075612014 @default.
• W2138607561 countsByYear W21386075612016 @default.
• W2138607561 countsByYear W21386075612017 @default.
• W2138607561 countsByYear W21386075612018 @default.
• W2138607561 countsByYear W21386075612019 @default.
• W2138607561 countsByYear W21386075612020 @default.
• W2138607561 countsByYear W21386075612022 @default.
• W2138607561 crossrefType "journal-article" @default.
• W2138607561 hasAuthorship W2138607561A5033399235 @default.
• W2138607561 hasConcept C106159729 @default.
• W2138607561 hasConcept C119857082 @default.
• W2138607561 hasConcept C121955636 @default.
• W2138607561 hasConcept C162324750 @default.
• W2138607561 hasConcept C169824061 @default.
• W2138607561 hasConcept C17744445 @default.
• W2138607561 hasConcept C178300618 @default.
• W2138607561 hasConcept C183206440 @default.
• W2138607561 hasConcept C186027771 @default.
• W2138607561 hasConcept C190775180 @default.
• W2138607561 hasConcept C199539241 @default.
• W2138607561 hasConcept C199728807 @default.
• W2138607561 hasConcept C202552767 @default.
• W2138607561 hasConcept C2776291640 @default.
• W2138607561 hasConcept C2780015409 @default.
• W2138607561 hasConcept C2781426361 @default.
• W2138607561 hasConcept C41008148 @default.
• W2138607561 hasConcept C78458016 @default.
• W2138607561 hasConcept C86803240 @default.
• W2138607561 hasConcept C9778290 @default.
• W2138607561 hasConceptScore W2138607561C106159729 @default.
• W2138607561 hasConceptScore W2138607561C119857082 @default.
• W2138607561 hasConceptScore W2138607561C121955636 @default.
• W2138607561 hasConceptScore W2138607561C162324750 @default.
• W2138607561 hasConceptScore W2138607561C169824061 @default.
• W2138607561 hasConceptScore W2138607561C17744445 @default.
• W2138607561 hasConceptScore W2138607561C178300618 @default.
• W2138607561 hasConceptScore W2138607561C183206440 @default.
• W2138607561 hasConceptScore W2138607561C186027771 @default.
• W2138607561 hasConceptScore W2138607561C190775180 @default.
• W2138607561 hasConceptScore W2138607561C199539241 @default.
• W2138607561 hasConceptScore W2138607561C199728807 @default.
• W2138607561 hasConceptScore W2138607561C202552767 @default.
• W2138607561 hasConceptScore W2138607561C2776291640 @default.
• W2138607561 hasConceptScore W2138607561C2780015409 @default.
• W2138607561 hasConceptScore W2138607561C2781426361 @default.
• W2138607561 hasConceptScore W2138607561C41008148 @default.
• W2138607561 hasConceptScore W2138607561C78458016 @default.
• W2138607561 hasConceptScore W2138607561C86803240 @default.
• W2138607561 hasConceptScore W2138607561C9778290 @default.
• W2138607561 hasIssue "4" @default.
• W2138607561 hasLocation W21386075611 @default.
• W2138607561 hasOpenAccess W2138607561 @default.
• W2138607561 hasPrimaryLocation W21386075611 @default.
• W2138607561 hasRelatedWork W2497410119 @default.
• W2138607561 hasRelatedWork W2551169946 @default.

• next