A Test of the Ohlson (1995) Model: Empirical Evidence from Japan

  title={A Test of the Ohlson (1995) Model: Empirical Evidence from Japan},
  author={Koji Ota},
  journal={Financial Accounting},
  • K. Ota
  • Published 1 November 2001
  • Business
  • Financial Accounting
This paper investigates the validity of the Ohlson (1995) information dynamics (Linear Information Model: LIM) and attempts to improve the LIM. The difficulty concerning the empirical tests of the LIM lies in identifying v, which denotes information other than abnormal earnings. Recent papers, such as those of Myers (1999), Hands and Landsman (1999), and Barth et al. (1999), all try to specify v by using various accounting information. Instead of tackling this difficult task, this paper focuses… 
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