Accounting Information and Equity Valuation: Theory, Evidence, and Applications

Chapter 1 Value Concept and Accounting Measures of Value Generation: The Residual Income Model.- Chapter 2 Mapping Accounting Data to Value via Linear Information Dynamics: the Early Approach.- Chapter 3 Capital Following Profitability: Why the Residual Income Dynamic is Nonlinear.- Chapter 4 A Basic Model of Equity Value: Incorporating Growth and Abandonment Options.- Chapter 5 Testing the Properties of the ROM.- Chapter 6 Casting Theoretical Light on the Empirical Valuation Literature.- Chapter 7 Valuing Multiple-segment Firms: How Segment-level Data are Incrementally Relevant.- Chapter 8 A Valuation-based Theory of Corporate Divestiture: Why Financial Reporting May Fail to Resolve Information Asymmetries.- Chapter 9 Accounting Information and Equity Returns: A Derivative of the Value Function.- Chapter 10 An Evaluation of the Return-Earnings Research.- Chapter 11 Fair Value Accounting and Income Measurement: An Application to Standard Setting.- Chapter 12 Interpreting Financial Information in an Industry Context.- Chapter 13 Limitations and Future Directions.