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Intangibles mismeasurements, synergy, and accounting numbers : a note.

Ramond, Olivier; Casta, Jean-François; Bry, Xavier - Université Paris-Dauphine

modelling the synergy occurring amongst the firm assets whilst pointing out the limits of traditional accounting valuation tools …. Since financial accounting valuation methods are mostly based on the mathematical property of additivity, and consequently … may occult the perspective of regarding the firm as an organized set of assets, we propose an alternative valuation …

Persistent link: https://www.econbiz.de/10008520016

Value Relevance of Summary Accounting Income Measures: Evidence from Major European Capital Markets.

Lin, Stephen; Ramond, Olivier; Casta, Jean-François - Université Paris-Dauphine

This study investigates the extent to which three key summary accounting income figures, namely operating income (OPI), net income (NI) and comprehensive income (CI), provide value-relevant information to investors in major EU capital markets. Using a large sample over the pre-IAS-compliance...

Persistent link: https://www.econbiz.de/10008551618

Value relevance of comprehensive income and its components: Evidence from major European capital markets.

Casta, Jean-François; Ramond, Olivier; Lin, Stephen - Université Paris-Dauphine

This study investigates the extent to which three key summary accounting income figures, namely operating income, net income and comprehensive income, provide value-relevant information to investors in Germany, France, Italy, Spain and the UK. Using a large sample over the pre-IAS-compliance...

Persistent link: https://www.econbiz.de/10008532362

Explaining the Cross-Section Returns in France : Characteristics or Risk Factors?.

Lajili, Souad - Université Paris-Dauphine - 2007

In this study, we test the three factor model of Fama and French and the Characteristic Model of Daniel and Titman (1997) on The French Stock Market over July 1976 to June 2001 period. Stocks are ranked by size and book to market ratios and then by ex-ante HML, SMB or Mkt loadings. The...

Persistent link: https://www.econbiz.de/10008498113

Intangible investments & accounting numbers : usefulness, informativeness, and relevance on the European stock markets.

Casta, Jean-François; Ramond, Olivier; Escaffre, Lionel - Université Paris-Dauphine

This study investigates whether European domestic GAAPs used for intangibles recognition prior to the IFRS adoption exhibit major differences while examining the relationship between a firm's economic (financial, operating and competitive) performance and its recognized intangible investment...

Persistent link: https://www.econbiz.de/10008532478

Investissement immatériel et utilité de l'information comptable: Etude empirique sur les marchés financiers européens.

Casta, Jean-François; Ramond, Olivier; Escaffre, Lionel - Université Paris-Dauphine

Résumé: Motivée par les récents travaux de Lev [2001b ; 2004] et les débats actuels de l’IASB portant sur la traduction comptable de l’investissement immatériel (ci-après IIM), cette étude empirique pose la question de l’utilité de l’information comptable face à de tels...

Persistent link: https://www.econbiz.de/10008532753

Les modèles d'évaluation des actifs financiers et les co-moments d'ordre trois et quatre.

Lajili, Souad - Université Paris-Dauphine - 2006

L'étude du modèle à trois facteurs en présence des comoments d'ordres trois et quatre dans le cadre du marché français fait l'objet de cet article. Le pouvoir explicatif des portefeuilles de marché, HML et SMB est testé en présence des portefeuilles de co-skewness et de co-kurtosis. À...

Persistent link: https://www.econbiz.de/10008520040

Vieillissement et composition du patrimoine des ménages.

El Mekkaoui de Freitas, Najat; Lavigne, Anne; Mahieu, Ronan - Université Paris-Dauphine

Persistent link: https://www.econbiz.de/10008551700

Increase in Life-Expectancy and Saving Behaviour.

Lavigne, Anne; Bernard, Philippe; Mahieu, Ronan; El … - Université Paris-Dauphine

The age structure of the French population has been experiencing dramatic changes over the past decades and is likely to do so in a near future. The increasing proportion of the elder people may modify the savings behaviour of households. The level of savings, as well as its composition, may be...

Persistent link: https://www.econbiz.de/10008551726

Les modèles d'évaluation des actifs financiers et les co-moments d'ordre trois et quatre.

Lajili, Souad - Université Paris-Dauphine

Persistent link: https://www.econbiz.de/10008532461