The Value Relevance of Accounting Variables and Analysts’ Forecasts: The Case of Biotechnology Firms

• Main Authors: LIM, Chee Yeow, TAN, Patricia Mui Siang
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2007
• 主題: Accounting; Corporate Finance
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/588; http://dx.doi.org/10.1108/14757700710777992
• 機構: Singapore Management University

This paper seeks to address the value relevance of summary accounting measures and fundamental income statement variables in the market valuation of biotech firms. A biotech firm's stock price was related to its underlying financial accounting variables. Using the Ohlson model, the linear funct...