By Cheng-Few Lee

"Advances in Quantitative research of Finance and Accounting" is an annual book to disseminate advancements within the quantitative research of finance and accounting. The e-book is a discussion board for statistical and quantitative analyses of matters in finance and accounting in addition to functions of quantitative easy methods to difficulties in monetary administration, monetary accounting, and company administration. the target is to advertise interplay among educational examine in finance and accounting and utilized study within the monetary neighborhood and the accounting occupation. The papers during this quantity conceal a variety of subject matters together with gains administration, administration reimbursement, choice concept and alertness, debt administration and rate of interest conception, and portfolio diversification.

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Extra info for Advances in Quantitative Analysis of Finance and Accounting, Volume 4

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And C. " Journal of Financial Economics 399—422 (1985). Miller, M. and F. " Journal of Business 34, 411^133 (1961). Modigliani, F and M. " American Economic Review 48, 261-297 (1958). Moel, A. and P. Tufano, "When are Real Options Exercised? " Review of Financial Studies 15, 35-64 (2002). Myers, S. " Journal of Financial Economics 5, 147-175 (1977). Ohlson. J. " Contemporary Accounting Research 11, 661-687 (1995). , D. Siegel and J. " Quarterly Journal of Economics 103, 479-508 (1988). " Journal of Finance 48, 621-640 (1993).

Results from Model 5 The results of fitting regression equation for Model 5 to the full sample plus the three profitability sub-samples of low, steady state, and growth are given in Table 12. 00 level. As predicted, for the full sample and the three sub-samples, the coefficients of debt are negative {B\ < 0) and of total capital (debt plus the book value of equity) are positive (B\ > 0). For the full sample of 63,026 Note that we do not develop a theoretical model. Real Option Based Equity Valuation Models 25 Table 12.

Ball, R. and P. " Journal of Accounting Research 6, 159-178 (1968). " Accounting Review 66, 433^-63 (1991). , W. Beaver and W. " Journal of Accounting and Economics 15, 22-62 (1992). Belkaoui, A. , Westport, Connecticut: Quorum Books (2000). , E. Ofek and I. " Journal of Financial Economics 42, 257-287 (1996). 34 A. William Richardson, Raafat R. Roubi & Hemantha S. B. Herath Burgstahler, D. and I. " The Accounting Review 72, 187-215(1997). Collins, D. and S. P. " Journal ofAccounting and Economics 11, 143-183 (1989).

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