Deflators, net shareholder cash flows, dividends, capital contributions and estimated models of corporate valuation

Journal of Business Finance and Accounting

Volumn 30, Issue 9-10, 2003, Pages 1211-1233

  Akbar, Saeed ^a   Stark, Andrew W ^b  

^a UNIVERSITY OF LIVERPOOL   (United Kingdom)

^b UNIVERSITY OF MANCHESTER   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 27844545462     PISSN: 0306686X     EISSN: 14685957     Source Type: Journal    
DOI: 10.1111/j.0306-686X.2003.05514.x     Document Type: Article

References (14)

1. Akbar, S. and A.W. Stark (2001), 'The Value Relevance of Cash Flow, Current Accruals and Non-current Accruals Components of Earnings', Unpublished Working Paper (Manchester Business School).
2. Cooke, T., M. Tippett and F. Yilnaz (2001), 'Residual Income, Reversibility and the Valuation of Equity', British Accounting Review (forthcoming).
3. Dechow, P.M., A.P. Hutton and R.G. Sloan (1999), 'An Empirical Assessment of the Residual Income Valuation Model', Journal of Accounting and Economics, Vol. 26, pp. 1-34.
4. Giner, B. and W. Rees (1999), 'A Valuation Based Analysis of the Spanish Accounting Reforms', Journal of Management and Governance, Vol. 3, pp. 31-48.
5. Green, J.P., A.W. Stark and H.M. Thomas (1996), 'UK Evidence on the Market Valuation of Research and Development Expenditures', Journal of Business Finance & Accounting, Vol. 23, pp. 191-216.
6. Hand, J.R.M. (2001), 'Discussion of Earnings, Book Values, and Dividends in Equity Valuation: An Empirical Perspective', Contemporary Accounting Research, Vol. 18, pp. 121-30.
7. - and W.R. Landsman (1999), 'The Pricing of Dividends in Equity Valuation', Unpublished Working Paper (University of North Carolina).
8. Hirschey, M. (1985), 'Market Structure and Market Value', Journal of Business, Vol. 58, pp. 89-98.
9. Livnat, J. (2000), 'Discussion: The Ohlson Model: Contribution to Valuation Theory, Limitations and Empirical Applications', Journal of Accounting, Auditing and Finance, Vol. 15, pp. 368-70.
10. Lo, K. and T. Lys (2000), 'The Ohlson Model: Contribution to Valuation Theory, Limitations, and Empirical Applications', Journal of Accounting, Auditing and Finance, Vol. 15, pp. 337-67.
11. Ohlson, J.A. (1989), 'Accounting Earnings, Book Value, and Dividends: The Theory of Clean Surplus Equation (Part 1)', Unpublished Working Paper (Columbia University).
12. -(2001), 'Earnings, Book Values, and Dividends in Equity Valuation: An Empirical Perspective', Contemporary Accounting Research, Vol. 18, pp. 107-20.
13. Rees, W.P. (1997), 'The Impact of Dividends, Debt and Investments on Valuation Models', Journal of Business Finance & Accounting, Vol. 24, pp. 1111-40.
14. Stark, A.W. and H.M. Thomas (1998), 'The Empirical Relationship Between Excess Market Value and Residual Income: Some UK Evidence', Management Accounting Research, Vol. 9, pp. 445-60.