Inferring the Cost of Capital Using the Ohlson–Juettner Model

By Dan Gode, Partha Mohanram. 2003

748 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/af0ae7123200bffc63ea8f058f5612a31917263f

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

In Strategy and Management

Citations in the corpus

Does Information Risk Really Matter? An Analysis of the Determinants and Economic Consequences of Financial Reporting Quality (2008, positive): “Assumptions: Consistent with Gode and Mohanram [2003] the short term growth rate is estimated using forecasted earnings for year t+1 and year t+2.”
Customer Concentration Risk and the Cost of Equity Capital (2016, methodology): “11 We use the equity-risk premium as our dependent variable to be consistent with the estimation of the implied cost of equity in Claus and Thomas (2001), Gebhardt et al. (2001), and Gode and Mohanram (2003).”
Shareholder rights, financial disclosure and the cost of equity capital (2006, methodology): “Prior studies use either the forecasted earnings for the next two fiscal years without adjusting them to the next two 12-month periods (e.g., Gebhardt et al., 2001; Gode and Mohanram, 2003 ), or they limit observations to firms with fiscal year ends in December and estimate the cost of equity capit”
Audit Firm Tenure and the Equity Risk Premium (2008, background): “Our findings suggest the importance of left-censoring as a research design issue-that is, suggest that without left-censoring, one can introduce potential measurement error in the test variable TENURE, which, in turn, can muddy the results and lead to misleading inferences by biasing the coefficient”
The Role of Information Precision in Determining the Cost of Equity Capital (2004, result): “These growth statistics are similar, albeit higher, than the 15.1% mean and 13.7% median long-term growth in IBES earnings documented by Gode and Mohanram (2003) for an earlier time period.”
Political connections and the cost of equity capital (2012, positive): “These model averages are consistent with the literature (see e.g., Gode and Mohanram, 2003; Dhaliwal et al., 2006; and Hail and Leuz, 2006).”
Excess Control, Corporate Governance and Implied Cost of Equity: International Evidence (2009, positive): “Gode and Mohanram (2003), compute the implied cost of equity using OJ model, along with GLS and CT models.”
Predicting market returns using aggregate implied cost of capital (2013, neutral): “…Thomas (2001) and Fama and French (2002)), test theories on betas (Kaplan and Ruback (1995), Botosan (1997), Gebhardt, Lee, and Swaminathan (2001), Gode and Mohanram (2003), Brav, Lehavy, and Michaely (2005), and Easton and Monahan (2005)), international asset pricing (Lee, Ng, and Swaminathan…”
Adopting a Label: Heterogeneity in the Economic Consequences of IFRS Adoptions * (2007, background): “Following Gode and Mohanram (2003), the short-term growth rate gst is estimated as the average between the forecasted percentage change in earnings from year t+1 to t+2 and the five-year growth forecast provided by financial analysts on I/B/E/S.”
The Financial Analyst Forecasting Literature: A Taxonomy with Suggestions for Further Research (2008, neutral): “Gode and Mohanram (2003) Archival, I/B/E/S, 1984-1998.”