Accounting Valuation and Cost of Equity Capital Dynamics
选择性综述了Ohlson和Vuolteenaho类型的会计估值模型，重点分析其估值、回报和资本成本动态，并调查了相关实证研究。
This paper provides a selective survey of Ohlson and Vuolteenaho‐type accounting valuation models. The focus is on the valuation, return, and cost of capital dynamics of these models. Emphasis is placed primarily on variations of these models that incorporate risk aversion, parameter uncertainty, and/or time‐varying costs of equity. Empirical papers that address the dynamics of these models are also surveyed.