Clean Surplus Accounting: Value Relevance of Book Value and Earnings
This study attempts to predict future stock returns by return on owner’s equity ratio (ROE) namely, earning to equity book value ratio and its variability both in company level and in portfolio level. Calculation of owner’s equity is based on Ohlson’s (1989) model and clean surplus relation (CRS)....
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2008-07-01
|
| Series: | بررسیهای حسابداری و حسابرسی |
| Subjects: | |
| Online Access: | https://acctgrev.ut.ac.ir/article_19456_3d2d87a48d44cf1d6fc8bdaebd3af120.pdf |