Sökning: "Parsimonious Equity Valuation Models"

Hittade 5 uppsatser innehållade orden Parsimonious Equity Valuation Models.

1. 1. Improving Pricing Accuracy of the Abnormal Earnings Growth Model - Does a Fade-Away Factor Do the Trick?

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Författare :Frederik Uwe Sell; Reka Ondrusek; [2022]
   Nyckelord :Equity valuation; Accounting-based valuation; Abnormal earnings; Pricing accuracy;

   Sammanfattning : In this thesis, we examine whether the pricing accuracy of the parsimonious AEG model can be improved when industry-specific fade-away factors of AEG are acknowledged in the model. In order to answer this question, the study uses three different methods, namely a simple linear regression, a graph analysis, and a calculation of implied fade-away factors, to derive industry-specific patterns. LÄS MER

3. 2. The Persistent Measurement Biases

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Författare :Hans Liang; [2017]
   Nyckelord :Equity Valuation; Linear Information Models; Accounting-Based Valuation; Conservative Accounting;

   Sammanfattning : Despite recent advancements in the field of accounting-based valuation, the challenges in linking forecasts of residual income levels to past financial statements; and simultaneously considering the effects of conservatism in the accounting, remain. This paper describes the exploration of an equity valuation model that adheres to a linear information model as conceptualised by Ohlson (1995), and Feltham and Ohlson (1995) in the forecasts of earnings, which is parsimonious and individual for each firm. LÄS MER

4. 3. Complex Parsimony in Equity Valuation - An Empirical Assessment of Model Design and the Incremental Effects of Complexity

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Författare :Sebastian Anesten; Niclas Möller; [2014]
   Nyckelord :Equity valuation; Valuation complexity; Dividend discount model; Residual income valuation model; Abnormal earnings growth model;

   Sammanfattning : When deciding on a valuation model, an investor must be attentive to the juxtaposition between the usefulness, driven by complexity, and the simplicity of that particular model. This thesis employs an examination of four parsimonious equity valuation models (dividend discount model [DDM], residual income valuation model [RIV], abnormal earnings growth model [AEG], and the Ohlson-Juettner-Nauroth model [OJ]) and their usefulness in relation to the Nordic stock exchanges. LÄS MER

5. 4. Equity Valuation : An examination of which investment valuation method appears to attain the closest value to the market price of a stock

   Master-uppsats, IHH, Företagsekonomi

   Författare :Nathalie Söderlund; [2011]
   Nyckelord :Equity valuation; Discount valuation models; Valuation Error;

   Sammanfattning : PURPOSE- This paper empirically evaluate the ability among various types of parsimonious equity valuation models in order to ascertain which model represents the value of equity the best and thereby manage to withstand factors causing valuation errors. The more complicated models applied, the more underlying assumptions are needed. LÄS MER

7. 5. Empirical Testing of Parsimonious Equity Valuation Models: -

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Författare :Carl Fredrik Danielson; Martin Grund; John Gyllenhammar; [2007]
   Nyckelord :Equity Valuation; Conservative Accounting; Measurement Bias; Parsimonious Equity Valuation Models;

   Sammanfattning : This paper empirically evaluates the ability among different parsimonious equity valuation models to withstand factors causing valuation errors and to estimate the fair market value. The asset-based book value of owners’ equity and the discounted cash flow based capitalised earnings model are empirically evaluated along with the terminal value constrained versions of Residual Income Valuation and Abnormal Earnings Growth valuation models. LÄS MER