[PDF][PDF] The incorporation of risk into the clean-surplus valuation model: evidence from UK stocks
SN Spilioti - Investment management and financial innovations, 2010 - irbis-nbuv.gov.ua
Prior studies on equity valuation, use Ohlson's (1995) valuation model which assumes risk
neutrality. This paper examines the issue of how one can generalize and modify the analysis …
neutrality. This paper examines the issue of how one can generalize and modify the analysis …