Beynon, Malcolm; Clatworthy, Mark - In: Review of Quantitative Finance and Accounting 40 (2013) 4, pp. 675-690
The decision of whether to buy, hold or sell equities depends on whether the current price reflects the stock’s intrinsic or fundamental value. The residual income valuation model expresses this fundamental value as a function of current book value of equity plus the sum of discounted expected...
