Resumen de Advances in Equity Valuation:: Research on Accounting Valuation
This special issue of Abacus was prompted and made possible through the annual conference of our research group MEAFA 1 at the University of Sydney, and especially by the contributions of visitors to MEAFA and their collaborations with members of the group. The six papers and added commentaries in this special issue of Abacus contain surveys and original contributions on the theory and empirical testing of a class of valuation models that is unique to accounting.
Beginning with works such as Edwards et al. (1987) and Feltham and Ohlson (1995), a mathematical reconciliation is now widely known between the present value of cash flows and the present value of accounting residual incomes.
