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- W2157378045 abstract "Abstract: This study addresses three research questions relating to total exclusions, special items, and other exclusions. Are each of these pro forma exclusion components forecasting irrelevant? Are each of the exclusion components value irrelevant? Are the valuation multiples on the exclusion components justified by their ability to forecast future profitability as predicted by the Ohlson (1999) model? Findings are generally consistent with the market‐inefficiency results presented in Doyle et al. (2003) . Total exclusions are valued negatively by the market despite the prediction that total exclusions will be valued positively. Valuation results also suggest that stocks with positive other exclusions are overpriced." @default.
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- W2157378045 date "2007-04-01" @default.
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- W2157378045 title "Implications of Components of Income Excluded from Pro Forma Earnings for Future Profitability and Equity Valuation" @default.
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- W2157378045 doi "https://doi.org/10.1111/j.1468-5957.2007.02033.x" @default.
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