Tippett, Mark; Warnock, Teresa - In: Journal of Business Finance & Accounting 24 (1997-09) 7&8, pp. 1075-1099
The Garman-Ohlson structural model assumes the evolution of corporate earnings, dividends and book values are generated by a simultaneous equation system which links financial statement information to underlying equity value. However, little is known about the consistency of empirical outcomes...