0000000000535258
AUTHOR
Raúl ÍñIguez Sánchez
showing 2 related works from this author
La capacidad de los modelos Feltham-Ohlson para predecir el resultado anormal: una aplicación empírica
2006
RESUMENEn este trabajo se contrasta empiricamente la validez de los modelos teoricos de valoracion de Ohlson [1995] y Feltham y Ohlson [1995], a traves de distintas aplicaciones con diversos grados de complejidad. Las mas sencillas consideran unicamente las variables contables fundamentales: neto y resultados, mientras que las mas complejas incorporan variables adicionales para captar la llamada «otra informacion». La muestra objeto de analisis incluye empresas no financieras cotizadas en la Bolsa de Madrid en el periodo 1991–1999. Los resultados se muestran favorables a Ohlson [1995] ya que los contrastes empiricos son consistentes con los supuestos teoricos del modelo y conllevan menores …
Does the interaction between the accounting method choice and disclosure affect financial analysts’ information environment? The case of joint ventur…
2017
IAS 31 allowed firms to choose between proportionate consolidation and the equity method to record joint ventures in the consolidated accounts of the venturer. Moreover, this election implied a decision about including information in the primary financial statements or in the notes. This paper investigates if financial analysts perceive accounting information differently depending on the method chosen conditioned to the disclosure of the required information in the notes. We analysed a sample of Spanish firms during 2005–2010. We not only considered earnings forecasts, but also examined target prices and stock recommendations. Furthemore, we look at how this accounting choice affects analys…