Ohlsonモデル(1995)における将来利益の検討

概要

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The Ohlson model is one of the models of evaluating the shareholder's value. On the occasion of applying the Ohlson Model, there are two methods. One is with the use of prediction profits of a company and other with the use of actual profits . This research is to estimate the shareholder 's value with the u se of both methods, of the prediction profits and the actual profits based on the data of March 2000. A theoretical stock price will be found by dividing the shareholder's value with the number of stocks. As a result of having made regression of the theoretical stock price and the actual stock price, the model using the prediction profits shows the better result than that using actual profits. Although an analysis with the use of ordinary profit instead of net profit has been tried, no difference in result is observed. This research is to evaluate the shareholder's value by taking up the position of a single fiscal year (1999). Therefore, the result, above-mentioned might be what just happened. Finally, I recognize this theme to be one of the future research subjects.
信州短期大学の論文
2002-12-25