title: The Relationship between Accounting Indicators and Market Value of Russian Companies with Different Growth Potential
metadata.name: dc.contributor.author
metadata.value: Vorobeva, Ekaterina A.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Nikulin, Egor D.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2019-02-01T10:31:24Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2019-02-01T10:31:24Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2018-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Vorobeva E. A., Nikulin E. D. 2018. The relationship between accounting indicators and market value of Russian companies with different growth potential. Russian Management Journal 16 (4): 563–576.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: 10.21638/spbu18.2018.405
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/15362
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The paper investigates relationship between accounting and market indicators of Russian
  companies. The goal of the paper is to test the hypothesis that the power of companies’
  book value and earnings in explaining market value varies across Russian firms with different
  growth potential. Empirical study was carried out on the basis of 41 Russian traded companies
  that provided financial reports in accordance with international financial reporting standards
  (IFRS) for 2007–2013. These companies were divided into three groups using priceto-
  earnings indicator: with high, medium and low growth potential. The linear regression
  model based on the Ohlson’s theoretical model was tested both on the whole sample of
  companies and on each subsample, the latter constituting a piece-wise linear function (growthbased
  model, GBM). The results of the tests show that GBM shows better accuracy in predicting
  companies’ market capitalization than basic linear model. This result contributes to
  the stream of literature on non-linear equity valuation and provides insights for valuing Russian
  companies.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Russian Management Journal;Volume 16; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: market capitalization
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: book value
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: earnings
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: valuation
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: growth potential
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: The Relationship between Accounting Indicators and Market Value of Russian Companies with Different Growth Potential
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 05-Vorobjova.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/15362/1/05-Vorobjova.pdf
resources.format: Adobe PDF
resources.size: 182,48 kB