Valuing Loss Firms
We hypothesize that when confronted with a loss, investors price earnings conditional on the expected probability of the firm's return to profitability. We show a parsimonious model of one year-ahead loss reversal is useful in predicting the firm's ret...
| Hlavní autoři: | , |
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| Médium: | Working Paper |
| Jazyk: | en_US |
| Vydáno: |
2004
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| Témata: | |
| On-line přístup: | http://hdl.handle.net/1721.1/5418 |