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Residual income valuation is based on the assumption that the clean surplus relation holds. As pointed out by Ohlson … (2000), among others, the standard clean surplus relation is frequently violated. Moreover, standard residual income …
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Residual income valuation is based on the assumption that the clean surplus relation holds. As pointed out by Ohlson … (2000), among others, the standard clean surplus relation is frequently violated. Moreover, standard residual income …
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