Expected EPS and EPS Growth as Determinantsof Value

By James A. Ohlson, Beate E. Juettner-Nauroth. 2005

1,102 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/31806a0084234c4bdc6917b0847e0d91dc202c84

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Citations in the corpus

Adopting a Label: Heterogeneity in the Economic Consequences of IFRS Adoptions * (2007, methodology): “Model-specific assumptions: This is a special case of the abnormal earnings growth valuation model developed by Ohlson and Juettner-Nauroth (2005). It uses one-year ahead and two-year ahead earnings per share forecasts as well as expected dividends per share in period t+1 to derive a measure of abno”
Adopting a Label: Heterogeneity in the Economic Consequences Around IAS/IFRS Adoptions (2013, methodology): “Modified PEG ratio model by Easton (2004): Pt = ˆ x t+2 + rPEG ⋅ ˆ d t+1 − ˆ x t+1( ) rPEG2 Model-specific assumptions: This is a special case of the abnormal earnings growth valuation model developed by Ohlson and Juettner-Nauroth (2005).”
Carbon disclosure, emission intensity and cost of equity capital: multi‐country evidence (2019, neutral): “…each firm is benchmarked relative to firms in their industry (Alt_CDS_Ind) or 1 In our sensitivity tests (not reported) we use the average of the Easton (2004) and Ohlson and Juettner-Nauroth (2005) models in re-estimating our COC and found similar results with our reported results in Section 4.”
Who Uses Financial Reports and for What Purpose? Evidence from Capital Providers (2014, neutral): “The most prominent models in the theoretical accounting literature are the residual income valuation model (Peasnell, 1982; Feltham and Ohlson, 1995; Ohlson, 1995) and, more recently, the abnormal earnings growth model (Ohlson and Juettner-Nauroth, 2005).”
Policy uncertainty, investment, and the cost of capital (2018, neutral): “Given the evidence in Frank and Shen (2016), we focus on the exante cost of capital and use the implied cost of equity capital (ICC) measures of Claus and Thomas (2001), Ohlson and Juettner-Nauroth (2005), Easton (2004), and Gebhardt et al. (2001) to construct a firm’s WACC.”
Does corporate social responsibility affect the cost of capital (2011, methodology): “Model 4: Easton (2004) This model is a generalization of the Price-Earnings-Growth (PEG) model and is based on Ohlson and Juettner-Nauroth (2005).”
Company reputation and the cost of equity capital (2014, neutral): “A measure based on the Ohlson and Juettner-Nauroth (2005) model (rOJN) Our second measure is based on the Ohlson and Juettner-Nauroth (2005) model, and we construct the measure following Gode and Mohanram (2003) and Easton and Monahan (2005): rOJN ¼…”
The world price of home bias. (2010, positive): “Ohlson and Juettner-Nauroth’s (2005) abnormal earnings growth valuation model is specified as follows.”
Evaluating cross-sectional forecasting models for implied cost of capital (2014, positive): “Gode and Mohanram (2003) and Easton (2004) develop proxies based on the abnormal earnings growth model of Ohlson and Juettner-Nauroth (2005).”
Corporate Environmental Responsibility and the Cost of Capital: International Evidence (2016, methodology): “Model 4: Easton (2004) This model is a generalization of the PEG model based on Ohlson and Juettner-Nauroth (2005).”