What determines residual income?

What determines residual income?

This paper investigates the determinants of residual income scaled by book value of equity, i.e., abnormal return on equity (ROE), by analyzing the impact of value-creation (economic rents) and value-recording (conservative accounting) processes on abnormal ROE. I rely on economic theories to charac...

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Bibliographic Details
Main Author: CHENG, Qiang
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2005
Subjects:
equity valuation
residual income valuation model
economic rents
conservative accounting
Accounting
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/soa_research/831
https://ink.library.smu.edu.sg/context/soa_research/article/1830/viewcontent/SSRN_id282468.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soa_research/831
https://ink.library.smu.edu.sg/context/soa_research/article/1830/viewcontent/SSRN_id282468.pdf

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