The Ohlson Model: Contribution to Valuation Theory, Limitations, and Empirical Applications

By Kin Lo, Thomas Z Lys. 2000

326 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/3c75fd7bfdad02e67000de19f6260e7403cfda54

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Citations in the corpus

Valuation Approaches and Metrics: A Survey of the Theory and Evidence (2007, background): “In an interesting test of the effects of 6 See Barth et al. (2001).”
Balance sheet versus earnings conservatism in Europe (2004, methodology): “(1) Following Lo and Lys (2000), to cope with the possible scale problems, we deflate the model (except the intercept) by market share price at the beginning of the period.”
How Do Accounting Variables Explain Stock Price Movements? Theory and Evidence (2007, unknown): “…earnings level and earnings change as explanatory factors, arises from a context wherein all ongoing capital investment activities have zero NPV (see Lo and Lys, 2000; Biddle, Chen, and Zhang, 2001).4 Second, our model incorporates a more comprehensive set of accounting (and non- accounting)…”
The value relevance of IFRS in the European banking industry (2011, background): “They study the quality of financial reporting in Hong Kong, 3 On the features of this model, see Lo and Lys (2000).”
What Determines Residual Income (2001, background): “31 1 See Lee (1999) and Lo and Lys (2000) for reviews of RIM-based studies.”
The Relevance of the Value Relevance Literature For Financial Accounting Standard Setting: Another View (2000, unknown): “Econometric concerns associated with specifications based on price levels are the subject of several research studies, and therefore we do not discuss the concerns here (see e.g., Miller and Modigliani, 1966; White, 1980; Bernard, 1987; Christie, 1987; Landsman and Magliolo, 1988; Kothari and Zimmer”