Accounting Information and Equity Valuation by Guochang Zhang

Accounting Information and Equity Valuation by Guochang Zhang

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Summary

This book offers a systematic overview of the research on accounting-based valuation, focusing on recent theoretical developments and the resulting empirical analyses that recognize the role of accounting information in making managerial decisions.

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Accounting Information and Equity Valuation by Guochang Zhang

Chapter 1 Value Concept and Accounting Measures of Value Generation: The Residual Income Model.- Chapter 2 Mapping Accounting Data to Value via Linear Information Dynamics: the Early Approach.- Chapter 3 Capital Following Profitability: Why the Residual Income Dynamic is Nonlinear.- Chapter 4 A Basic Model of Equity Value: Incorporating Growth and Abandonment Options.- Chapter 5 Testing the Properties of the ROM.- Chapter 6 Casting Theoretical Light on the Empirical Valuation Literature.- Chapter 7 Valuing Multiple-segment Firms: How Segment-level Data are Incrementally Relevant.- Chapter 8 A Valuation-based Theory of Corporate Divestiture: Why Financial Reporting May Fail to Resolve Information Asymmetries.- Chapter 9 Accounting Information and Equity Returns: A Derivative of the Value Function.- Chapter 10 An Evaluation of the Return-Earnings Research.- Chapter 11 Fair Value Accounting and Income Measurement: An Application to Standard Setting.- Chapter 12 Interpreting Financial Information in an Industry Context.- Chapter 13 Limitations and Future Directions.
Guochang Zhang is Professor of Accounting at the Hong Kong University of Science and Technology (HKUST), where he has taught since 1993; he previously served as Assistant Professor at the University of Waterloo. He received his MSc in Accounting and PhD in Finance at the University of British Columbia. His research specialties include accounting-based valuation (with an emphasis on applications to investor and company decisions and to accounting standard setting), and the quality of accounting standards and the efficiency of the real economy. He has published in such journals as The Accounting Review, Journal of Accounting and Public Policy, Journal of Accounting and Economics, Journal of Accounting Research, and Review of Accounting Studies.
SKU Unavailable
ISBN 13 9781493943449
ISBN 10 1493943448
Title Accounting Information and Equity Valuation
Author Guochang Zhang
Series Springer Series In Accounting Scholarship
Condition Unavailable
Binding Type Paperback
Publisher Springer-Verlag New York Inc.
Year published 2016-08-23
Number of pages 233
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.