Efficiency of the Feltham-Ohlson (1995) Model in Tehran Stock Exchange

This study seeks to examine efficiency of Feltham- Ohlsen (1995) valuation model in the Tehran Stock Exchange and is trying to identify relation between intrinsic company value and return. This model is trying to determine the intrinsic value of company using their book value. Statistical community...

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Autores principales:	Farzaneh Nassirzadeh, Farhad Karimipour
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2011
Materias:	intrinsic company value feltham- ohlsen (1995) valuation model stock return market value Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/7feac7bb2259416387bc01f1b7fb37fc
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id	oai:doaj.org-article:7feac7bb2259416387bc01f1b7fb37fc
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spelling	oai:doaj.org-article:7feac7bb2259416387bc01f1b7fb37fc2021-11-04T19:41:47ZEfficiency of the Feltham-Ohlson (1995) Model in Tehran Stock Exchange2008-89142476-292X10.22103/jak.2011.16https://doaj.org/article/7feac7bb2259416387bc01f1b7fb37fc2011-11-01T00:00:00Zhttps://jak.uk.ac.ir/article_16_c5061fb2279df3efca10b766570b6178.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis study seeks to examine efficiency of Feltham- Ohlsen (1995) valuation model in the Tehran Stock Exchange and is trying to identify relation between intrinsic company value and return. This model is trying to determine the intrinsic value of company using their book value. Statistical community of this study includes all TSE accepted companies and statistical sample is including 89 TSE accepted companies from different industry and data for these firms are analyzed interval 1998 to 2009 using Time series-Cross sectional (panel data) regression model. Results show that the model above boldly dose' not able to determine the intrinsic value of companies. The relationship between intrinsic value to market value ratio and price to earning value ratio is not statistically significant. In addition, companies that have little intrinsic value to market value ratios are higher than the market are assessed.Farzaneh NassirzadehFarhad KarimipourShahid Bahonar University of Kermanarticleintrinsic company valuefeltham- ohlsen (1995) valuation modelstock returnmarket valueAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 2, Iss 7, Pp 141-160 (2011)
institution	DOAJ
collection	DOAJ
language	FA
topic	intrinsic company value feltham- ohlsen (1995) valuation model stock return market value Accounting. Bookkeeping HF5601-5689
spellingShingle	intrinsic company value feltham- ohlsen (1995) valuation model stock return market value Accounting. Bookkeeping HF5601-5689 Farzaneh Nassirzadeh Farhad Karimipour Efficiency of the Feltham-Ohlson (1995) Model in Tehran Stock Exchange
description	This study seeks to examine efficiency of Feltham- Ohlsen (1995) valuation model in the Tehran Stock Exchange and is trying to identify relation between intrinsic company value and return. This model is trying to determine the intrinsic value of company using their book value. Statistical community of this study includes all TSE accepted companies and statistical sample is including 89 TSE accepted companies from different industry and data for these firms are analyzed interval 1998 to 2009 using Time series-Cross sectional (panel data) regression model. Results show that the model above boldly dose' not able to determine the intrinsic value of companies. The relationship between intrinsic value to market value ratio and price to earning value ratio is not statistically significant. In addition, companies that have little intrinsic value to market value ratios are higher than the market are assessed.
format	article
author	Farzaneh Nassirzadeh Farhad Karimipour
author_facet	Farzaneh Nassirzadeh Farhad Karimipour
author_sort	Farzaneh Nassirzadeh
title	Efficiency of the Feltham-Ohlson (1995) Model in Tehran Stock Exchange
title_short	Efficiency of the Feltham-Ohlson (1995) Model in Tehran Stock Exchange
title_full	Efficiency of the Feltham-Ohlson (1995) Model in Tehran Stock Exchange
title_fullStr	Efficiency of the Feltham-Ohlson (1995) Model in Tehran Stock Exchange
title_full_unstemmed	Efficiency of the Feltham-Ohlson (1995) Model in Tehran Stock Exchange
title_sort	efficiency of the feltham-ohlson (1995) model in tehran stock exchange
publisher	Shahid Bahonar University of Kerman
publishDate	2011
url	https://doaj.org/article/7feac7bb2259416387bc01f1b7fb37fc
work_keys_str_mv	AT farzanehnassirzadeh efficiencyofthefelthamohlson1995modelintehranstockexchange AT farhadkarimipour efficiencyofthefelthamohlson1995modelintehranstockexchange
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Efficiency of the Feltham-Ohlson (1995) Model in Tehran Stock Exchange

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