Non-linear equity valuation

We incorporate a real option component into the Ohlson (1995) equity valuation model and then use this augmented model to make assessments about the form and nature of the systematic biases that are likely to arise when empirical work is based on linear models of the relationship between the market...

Full description

Bibliographic Details

Main Authors:	Ali Ataullah, Huw Rhys, Mark Tippett
Format:	Default Article
Published:	2009
Subjects:	Other commerce, management, tourism and services not elsewhere classified Branching process Equity valuation Real option value Recursion value Scaling Orthogonal polynomials Business and Management not elsewhere classified
Online Access:	https://hdl.handle.net/2134/15917
Tags:	Add Tag No Tags, Be the first to tag this record!