The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Relative valuation roles of equity book value and net income as a function of financial health
Open accessAbstract
This study tests predictions that pricing multiples on and incremental explanatory power of equity book value (net income) increase (decrease) as financial health decreases. Tests using a sample of 396 bankrupt firms and tests using a larger, pooled sample both yield inferences consistent with predictions. Findings are robust to inclusion of controls for industry, size, return-on-equity, and volatility of equity returns. Equity book value and net income multiples and incremental explanatory power vary predictably across three illustrative industries, selected based on the likely extent of unrecognized intangible assets.
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Citations
Cites
Regression Diagnostics: Identifying Influential Data and Sources of Collinearity
Belsley, D. A., Kuh, E., & Welsch, R. E. (1980) · Wiley Series in Probability and Statistics · doi:10.1002/0471725153 · Cited by 7,297
Financial Ratios As Predictors of Failure
Beaver, W. H. (1966) · Journal of Accounting Research · doi:10.2307/2490171 · Cited by 4,882
Self-citation
Cited by
Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011) · The Accounting Review · doi:10.2308/accr.00000005 · Cited by 4,337
Givoly, D., & Hayn, C. (2000) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(00)00024-0 · Cited by 1,370
Analyst Coverage and Intangible Assets
Barth, M. E., Kasznik, R., & McNichols, M. F. (2001) · Journal of Accounting Research · doi:10.1111/1475-679x.00001 · Cited by 1,074
Self-citationThe incentives for tax planning
Armstrong, C. S., Blouin, J. L., & Larcker, D. F. (2012) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2011.04.001 · Cited by 851
Do investors overvalue firms with bloated balance sheets?
Hirshleifer, D., Hou, K., Teoh, S. H., & Zhang, Y. (2004) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2004.10.002 · Cited by 803
Metadata
- Authors
- Barth, M. E., Beaver, W. H., & Landsman, W. R.
- Venue
- Journal of Accounting and Economics
- Publisher
- Elsevier BV
- Published
- 1998-02
- Volume
- 25
- Issue
- 1
- Pages
- 1-34
- ISSN
- 0165-4101 (ISSN-L)
- OpenAlex
- W2074275156
- Cited by
- 896
- References
- 2
- FWCI
- 75.77
- Type
- journal article
- Language
- en
- Open access
- hybrid
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- Barth, M. E., Beaver, W. H., & Landsman, W. R. (1998). Relative valuation roles of equity book value and net income as a function of financial health. Journal of Accounting and Economics. https://doi.org/10.1016/s0165-4101(98)00017-2
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
