Empirical applications of the Ohlson [1995] and Feltham and Ohlson [1995, 1996] valuation models

Abstract

Outlines the key features of the Ohlson (1995) and Feltham and Ohlson (1995, 1996) models, which relate share values to current accounting numbers, and reviews research on their empirical application. Identifies some inconsistencies in results and directions for future research.

Citation

Stober, T.L. (1999), "Empirical applications of the Ohlson [1995] and Feltham and Ohlson [1995, 1996] valuation models", Managerial Finance, Vol. 25 No. 12, pp. 3-16. https://doi.org/10.1108/03074359910766307