Accounting theory treats a wide class of equity valuation approaches as equivalent. For example, under clean surplus … accounting, the earnings approach is viewed as identical to the discounted dividends approach. Empirical research, however …

We address how value relevance of accounting information evolved as the new economy developed. Prior research concludes … accounting information—primarily earnings—has lost relevance. We consider more accounting amounts and find no decline in combined … price and accounting information that reflects the new economy …

accounting literature. While the standard residual income is formally computed as profit minus cost of capital times actual …

connecting management accounting, corporate finance and financial mathematics (Peasnell, 1981, 1982; Peccati, 1987, 1989, 1991 …