A UK test of an inflation-adjusted Ohlson model
(2005)
Journal Article
Gregory, A., Saleh, W., & Tucker, J. (2005). A UK test of an inflation-adjusted Ohlson model. Journal of Business Finance and Accounting, 32(3-4), 487-534. https://doi.org/10.1111/j.0306-686X.2005.00602.x
This paper conducts a UK test of a version of the Ohlson (1995) model. We should only expect abnormal earnings to revert to zero if the book value of assets is economically meaningful. In this paper we make use of the property revaluations common in... Read More about A UK test of an inflation-adjusted Ohlson model.