Market-Based Valuation
Research on Market-Based Valuation is led by Professors Peasnell and O'Hanlon. Other faculty members working in this area include Dr. Young-Soo Choi and Dr. Zhan Gao.
The Department's research in the field of valuation has an international reputation and includes contributions to the literatures on residual income valuation (Choi, O'Hanlon and Peasnell), and the valuation implications of dirty surplus accounting (O’Hanlon and Peasnell).
Ongoing research topics and interests in the field of Market-Based Valuation include:
- Valuation of dirty surplus flows (Peasnell)
- Valuation using accounting multiples (Peasnell and O’Hanlon)
- Valuation and investor sentiment (Gao)
Illustrative publications include:
- Conservative accounting and linear information valuation models. Contemporary Accounting Research (Y-S Choi, J O'Hanlon, and PF Pope, 2006)
- Earnings components, accounting bias and equity valuation. Review of Accounting Studies (PF Pope and P Wang, 2005)
- Residual income valuation: are inflation adjustments necessary? Review of Accounting Studies (JF O'Hanlon and KV Peasnell, 2004)
Current working papers relating to Market-Based Valuation are available via the School's working papers database.
