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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| Main Author: | |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2005
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| Subjects: | |
| 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 |