文章基本信息

标题：Markov Chains Used to Determine the Model of Stock Value and Compared with Other New Models of Stock Value (P/E Model and Ohlson Model)
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作者：Abbasali Pouraghajan ; Zeinab Javadiyan Kotenaie ; Faramarz Niazi 等
期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2012
卷号：2
期号：10
页码：554-568
出版社：Human Resource Management Academic Research Society
摘要：The aim of this study a comparison between the three models for the valuation of stocks in Tehran Stock Exchange. These three names PE, Olson or residual income and a Markov chain (Markov) are. Researchers in their study were to calculate the valuation of shares in the first two terms and then calculate the value of the enamel Markov chain to achieve a comparative mode. Result of research shows that almost in all cases, there is no significant difference between explanatory power of these models in determining shares value and investments in Tehran exchange market can for assessment of shares uses from these 3 models, but in most cases residual income assessment model by considering less standard error of regression can say, partly is better model in determining the company's value which maybe the main reason be have high explanatory power of two dependent profit variable overall, and book value of share holder's salary by using the overall accounting relation in comparison with two other models
关键词：Value index; pricing stocks; P.E equation; Ohlson equation; Markov ripple