Effectiveness of corporate finance valuation methods: Piotroski score in an Ohlson model: the case of Mexico
Fuente:
Redalyc
Saved in:
| Main Author: | |
|---|---|
| Format: | Artículo científico |
| Language: | en |
| Published: |
Universidad ESAN
2014
|
| Subjects: | |
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1876451058437324800 |
|---|---|
| author | Rocío Durán-Vázquez |
| author_facet | Rocío Durán-Vázquez |
| contents | Effectiveness of corporate finance valuation methods: Piotroski score in an Ohlson model: the case of Mexico Rocío Durán-Vázquez Arturo Lorenzo-Valdés Claudia E. Castillo-Ramírez Multidisciplinarias (Ciencias Sociales) Financial markets Piotroski score Ohlson model Dynamic panel of econometric estimation This study applied the Piotroski score for 63 selected companies of Mexico, for the period 2005 to 2011. The Piotroski score provides an evaluation on the historical financial performance of a company, with the evaluation of nine financial analysis ratios or criteria. We decided to add this score to the Ohlson Model (which was already tested in previous studies). It was found that the Piotroski score showed statistically significant results in the levels and differences variables. Asymmetric signs were also found in the Piotroski-score variables (levels and lagged), both of them are consistent according to the behavior of the Mexican market. The data were analyzed under a dynamic panel basis, with fixed effects, and the Sargan statistic for this analysis was fulfilled. 2014 artículo científico 2077-1886 https://www.redalyc.org/articulo.oa?id=360733618006 en http://www.redalyc.org/revista.oa?id=3607 Journal of Economics, Finance and Administrative Science application/pdf Universidad ESAN Journal of Economics, Finance and Administrative Science (Perú) Num.37 Vol.19 |
| format | Artículo científico |
| id | redalyc_360733618006 |
| institution | Redalyc |
| language | en |
| publishDate | 2014 |
| publisher | Universidad ESAN |
| spellingShingle | Effectiveness of corporate finance valuation methods: Piotroski score in an Ohlson model: the case of Mexico Rocío Durán-Vázquez Multidisciplinarias (Ciencias Sociales) Financial markets Piotroski score Ohlson model Dynamic panel of econometric estimation Effectiveness of corporate finance valuation methods: Piotroski score in an Ohlson model: the case of Mexico Rocío Durán-Vázquez Arturo Lorenzo-Valdés Claudia E. Castillo-Ramírez Multidisciplinarias (Ciencias Sociales) Financial markets Piotroski score Ohlson model Dynamic panel of econometric estimation This study applied the Piotroski score for 63 selected companies of Mexico, for the period 2005 to 2011. The Piotroski score provides an evaluation on the historical financial performance of a company, with the evaluation of nine financial analysis ratios or criteria. We decided to add this score to the Ohlson Model (which was already tested in previous studies). It was found that the Piotroski score showed statistically significant results in the levels and differences variables. Asymmetric signs were also found in the Piotroski-score variables (levels and lagged), both of them are consistent according to the behavior of the Mexican market. The data were analyzed under a dynamic panel basis, with fixed effects, and the Sargan statistic for this analysis was fulfilled. 2014 artículo científico 2077-1886 https://www.redalyc.org/articulo.oa?id=360733618006 en http://www.redalyc.org/revista.oa?id=3607 Journal of Economics, Finance and Administrative Science application/pdf Universidad ESAN Journal of Economics, Finance and Administrative Science (Perú) Num.37 Vol.19 |
| title | Effectiveness of corporate finance valuation methods: Piotroski score in an Ohlson model: the case of Mexico |
| topic | Multidisciplinarias (Ciencias Sociales) Financial markets Piotroski score Ohlson model Dynamic panel of econometric estimation |
| url | https://www.redalyc.org/articulo.oa?id=360733618006 |