Rees, William P. - In: Journal of Business Finance & Accounting 24 (1997-09) 7&8, pp. 1111-1140
The reliability of a basic earnings and equity model of value is tested using 8,287 cases drawn from UK industrial and commercial firms reporting during 1987-1995. A respecification of this model is used to investigate the value relevance of dividends, capital structure and capital expenditure....