The Value Relevance of Accounting Variables and Analysts’ Forecasts: The Case of Biotechnology Firms
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...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2007
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/588 http://dx.doi.org/10.1108/14757700710777992 |
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| Institution: | Singapore Management University |
| Language: | English |