{"product_id":"residual-income-based-equity-valuation-von-young-soo-choi","title":"Residual Income-based Equity Valuation","description":"\u003cp\u003eFollowing the seminal theoretical work of Ohlson  (1995), many researchers have tried to investigate  the linear information dynamics (LID) model''s  validity empirically. However, empirical  applications of the LID approach to residual income  (RI)-based equity valuation have produced estimates  of firm value that are substantially lower on  average than corresponding observed market values.  This book augments the Ohlson model by incorporating  residual income and ''other information'' intercepts  into the original linear information dynamics, in  order to capture the impact of the intercept terms  on the residual income forecasts and firm values. I  argue that the large negative bias in LID-based  value estimates might be attributable to failure to  deal fully with the effects of conservative  accounting in projecting residual income. The main  objective of the book is thus to examine whether  the ''intercept-inclusive'' LID model produces more  reliable value estimates than the extant RI-based  valuation models. I also address a potentially  important issue of the different applicability under  different conditions of different RI-based valuation  models.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783843357944\"\u003e\u003ch3\u003eAugmentation of Ohlson (1995) Model and its Validity\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783843357944","offer_id":39470058733661,"sku":"9783843357944","price":79.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/93fa50b1-8d87-4225-b02f-a2d1f7e1e86c.jpg?v=1757913687","url":"https:\/\/shop.autorenwelt.de\/products\/residual-income-based-equity-valuation-von-young-soo-choi","provider":"Autorenwelt Shop","version":"1.0","type":"link"}