Springer Series in Accounting Scholarship
Volume 1 / 2003 to Volume 6 / 2014
Chapter and Conference Paper
Hemispherical resonator gyroscope (HRG) has been widely used in strap-down inertial navigation systems. However, the output noise of HRG will degrade the precision of SINS seriously. To reduce the impacts of n...
Chapter and Conference Paper
Integrated navigation systems often need to work in harsh and complex environments. In this case, the navigation instruments may output wrong information, such as abnormal values and data loss
Chapter and Conference Paper
Aiming at the problem that the uncertainty of the system model and the interference of environment lead to the decline of the filtering performance of the integrated navigation system, firstly, the model of SI...
Article
Microorganisms commonly exhibit preferential glucose consumption and diauxic growth when cultured in mixtures of glucose and other sugars. Although various genetic perturbations have alleviated the effects of ...
Book Series
Volume 1 / 2003 to Volume 6 / 2014
Book
Chapter
In this, the closing chapter, we discuss the limitations of the extant valuation research and suggest possible directions for moving the literature forward. We also explore the links between accounting-based v...
Chapter
Having examined the relation between equity value and accounting data, we now shift the focus of discussion to equity return. Returns arise from changes in value (plus dividends); so the return function is a deri...
Chapter
Capital markets research in accounting began with inquiries into the relation between equity return and accounting earnings. The collective efforts made by numerous researchers over the past four decades or so...
Chapter
In the previous chapters where we have examined the valuation role of accounting data, we have treated firms as if they were operating in isolation, with no attention being paid to possible interactions betwee...
Chapter
The RIM introduced in Chap. 1 focuses on the valuation role of the expected residual income from future operations. Like other discount models such as the DDM and FCFM, the RIM is silent on how expectations of...
Chapter
In this chapter, we further develop the concept of capital following profitability in order to construct a model of equity value. As explained in Chap. 3, the essence of this notion is that firms do not commit...
Chapter
This chapter evaluates and critiques existing valuation research within the ROM framework. The literature on accounting-based valuation has been heavily dominated by empirical work, with discoveries of empiric...
Chapter
In our examinations of the value-accounting relation so far, we have treated reported accounting data as if they were in “pure” form on the assumption that firms produce and report such data in good faith with...
Chapter
In this chapter, we employ the ROM framework outlined in previous chapters to address the relevance of fair value accounting for equity valuation purposes. In recent times, companies worldwide are increasingly...
Chapter
As we embark on this book’s exploration of the accounting-based valuation research, we start by defining the value concept and models set out in the finance literature. The equity value models developed in fin...
Chapter
Having introduced the LID approach in Chap. 2, we now take an alternative approach to modeling the residual income dynamic, premised on the notion of “capital following profitability.” As previously explained,...
Chapter
Continuing from the theoretical development in the previous chapter, in this chapter we examine the ROM more closely in order to better understand the valuation role of accounting variables (earnings, equity b...
Chapter
In the preceding chapters looking at the value-accounting relation, we have essentially condensed a firm into a single business operation. In the real world, a reporting entity often comprises two or more busi...
Article
We have investigated whether simultaneous modification of cofactor metabolism and glycerol in a strain of Saccharomyces cerevisiae can eliminate glycerol synthesis during ethanol production. Two strains, S812 (gp...