Earnings, earnings growth and value

Foundations and Trends in Accounting

Volumn 1, Issue 1, 2006, Pages 1-70

  Ohlson, James ^a   Gao, Zhan ^a  

^a ARIZONA STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 34249913017     PISSN: 15540642     EISSN: 15540650     Source Type: Journal    
DOI: 10.1561/1400000001     Document Type: Review

References (34)

1. Begley, J. and G. Feltham (2002), 'The relation between market value, earning forecasts, and reported earnings'. Contemporary Accounting Research 19(1), 1-48.
2. Botosan, C. and M. Plumlee (2005), 'Assessing alternative proxies for the expected risk premium'. The Accounting Review 80(1), 21-53. (Pubitemid 40251556)
3. Brealey, J. and S. Myers (1984), Principles of Corporate Finance. New York: McGraw-Hill, second edition.
4. Cheng, C. S. A., D. Collins, and H. H. Huang (2006), 'Shareholder rights, financial disclosure and the cost of equity capital'. Review of Quantitative Finance and Accounting. Forthcoming.
5. Cheng, Q. (2005), 'What determines residual income?'. The Accounting Review 80(1), 85-112.
6. Christensen, P. and G. Feltham (2003), Economics of accounting, Volume I - Information in markets. Amsterdam: Kluwer Academic Publishers.
7. Daske, H. (2006), 'Economic benefits of adopting IFRS or USGAAP - have the expected cost of equity capital really decreased?'. Journal of Business Finance & Accounting 33(3-4), 329-373. (Pubitemid 43787604)
8. Easton, P. (2004), 'PE ratio, PEG ratios, and estimating the implied expected rate of return on equity capita'. The Accounting Review 79(1), 79-95.
9. Easton, P. (2006), 'Use of forecasts of earnings to estimate and compare cost of capital across regimes'. Journal of Business Finance & Accounting 33(3-4), 374-394. (Pubitemid 43787605)
10. Easton, P. and S. Monahan (2005), 'An evaluation of accountingbased measures of expected return'. The Accounting Review 80(2), 501-538. (Pubitemid 40707375)
11. Easton, P., P. Taylor, and T. Sougiannis (2002), 'Using forecasts of earnings to simultaneously estimate growth and the rate of return on equity investment'. Journal of Accounting Research 40(3), 657-676. (Pubitemid 36256426)
12. Fairfield, P. M. (1994), 'P/E, P/B and the preset value of future dividends'. Financial Analysts Journal 50(4), 23-31.
13. Feltham, G. and J. A. Ohlson (1995), 'Valuation and clean surplus accounting for operating and financial activities'. Contemporary Accounting Research 11(2), 689-731.
14. Francis, J., R. LaFond, P. Olsson, and K. Schipper (2004), 'Costs of equity and earnings attributes'. The Accounting Review 79(4), 967-1010. (Pubitemid 39519436)
15. Gebhardt, W., C. Lee, and B. Swaminathan (2001), 'Toward an implied cost of capital'. Journal of Accounting Research 39(1), 135-176.
16. Gode, D. and P. Mohanram (2003), 'Inferring the cost of capital using the Ohlson-Juettner model'. Review of Accounting Studies 8(4), 399-431. (Pubitemid 39046448)
17. Hutton, A. (2000), 'A valuation framework for quantitative research'. Harvard Business School. Case, N9-1-100-088.
18. Ohlson, J. A. (1995), 'Earnings, book values, and dividends in equity valuation'. Contemporary Accounting Research 11(2), 661-687.
19. Ohlson, J. A. (1999a), 'Discussion of an analysis of historical and futureoriented information in accounting-based security valuation models'. Contemporary Accounting Research 16(2), 381-384.
20. Ohlson, J. A. (1999b), 'On transitory earnings'. Review of Accounting Studies 4(3-4), 145-162.
21. Ohlson, J. A. (2001), 'Earnings, book values and dividends in equity valuation: An empirical perspective'. Contemporary Accounting Research 18(1), 107-120. (Pubitemid 33680252)
22. Ohlson, J. A. (2005), 'On accounting-based valuation formulae'. Review of Accounting Studies 10(2-3), 323-347. (Pubitemid 40976540)
23. Ohlson, J. A. and B. Juettner-Nauroth (2005), 'Expected EPS and EPS growth as determinants of value'. Review of Accounting Studies 10(2-3), 349-365. (Pubitemid 40976541)
24. Ohlson, J. A., A. Ostaszewski, and Z. Gao (2006), 'Dividend policy irrelevancy and the construct of earnings'. Arizona State University. Working paper.
25. Ohlson, J. A. and X. J. Zhang (1999), 'Accrual accounting and equity valuation'. Journal of Accounting Research 36, 85-111. Supplement. (Pubitemid 128665976)
26. Olsson, R. (2005), 'Implications of constant growth of abnormal earnings in perpetuity for equity premia, discount rates, dividends, book values and key financial ratios: An extension of Claus and Thomas'. University of Umea. Working paper.
27. Ozair, M. (2003), 'Growth in expected earnings and equity valuation'. Tel Aviv University. Working Paper.
28. Penman, S. (2005), 'Discussion of "On accounting-based valuation formulae" and "Expected EPS and EPS growth as determinants of value"'. Review of Accounting Studies 10(2-3), 367-378. (Pubitemid 40976542)
29. Penman, S. (2006), Financial Statement Analysis and Security Valuation. New York: McGraw-Hill, third edition.
30. Ryan, S. (1986), 'Structural Models of the Price to Earnings Relation: Measurement Errors in Accounting Earnings'. Doctoral Dissertation, Graduate School of Business. Stanford University.
31. Sougiannis, T. and T. Yaekura (2001), 'The accuracy and bias of equity values inferred from analysts' earnings forecasts'. Journal of Accounting, Auditing and Finance 16, 331-362.
32. Thomas, J. and H. Zhang (2006), 'Another look at P/E ratios'. Yale School of Management. Working Paper.
33. Yee, K. (2005), 'Aggregation, dividend irrelevancy, and earnings-value relations'. Contemporary Accounting Research 22(2), 453-480. (Pubitemid 40882363)
34. Yee, K. (2006), 'Capitalization of costs and expected earnings growth'. Columbia University. Working Paper.