References
Ahmed, A., R. Morton and T. Schaefer. “Accounting Conservatism and the Valuation of Accounting Numbers: Evidence on the Feltham and Ohlson (1996) Model.” Journal of Accounting, Auditing, and Finance 15, 271-292.
Begley, J. and Feltham. (2000). “The Relation Between MarketValues, Earnings Forecasts, and Reported Earnings.” Working Paper, University of British Columbia.
Biddle, G., P. Chen. and G. Zhang. (2001). “When Capital Follows Profitability: Non-linear Residual Income Dynamics.” Review of Accounting Studies (this issue).
Easton, P., and J. Pae. (2001). “Accounting Conservatism and the Regression of Returns on Earnings and Earnings Changes.” Working Paper, The Ohio State University.
Fama, E. and K. French. (1997). “Industry Costs of Equity.”Journal of Financial Economics, 153-193.
Feltham, G. and J. Ohlson. (1995). “A No Arbitrage Model of the Relation between Accounting Numbers and Market Value.” Contemporary Accounting Research 11, 689-731.
Feltham, G. and J. Ohlson. (1996).“Uncertainty Resolution and the Theory of Depreciation Measurement.” Journal of Accounting Research, 209-234.
Ohlson, J. (2000). “Positive (Zero) NPV Projects and the Behavior of Residual Earnings,” Working Paper, New York University.
Paton, W. (1963). “The “Cash Flow” Illusion.” The Accounting Review, 243-251.
Penman, S. (2000). Financial Statement Analysis and Valuation, McGraw-Hill/Irwin, Burr Ridge, Illinois.
Zhang, G. (2000). “Accounting Information, Capital Investment Decisions, and Equity Valuation: Theory and Empirical Implications.” Journal of Accounting Research (forthcoming).
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Easton, P. Discussion of: “When Capital Follows Profitability: Non-linear Residual Income Dynamics”. Review of Accounting Studies 6, 267–274 (2001). https://doi.org/10.1023/A:1011679325783
Issue Date:
DOI: https://doi.org/10.1023/A:1011679325783