Pengguo Wang

Xfi, University of Exeter

Streatham Court

Exeter, EX4 4PU

United Kingdom

SCHOLARLY PAPERS

22

DOWNLOADS
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Top 7,166

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5,628

CITATIONS
Rank 13,127

SSRN RANKINGS

Top 13,127

in Total Papers Citations

29

Scholarly Papers (22)

1.

Earnings Components, Accounting Conservatism and Equity Valuation

Review of Accounting Studies, Forthcoming
Number of pages: 35 Posted: 27 Feb 2005
Peter F. Pope and Pengguo Wang
London School of Economics & Political Science (LSE) - Department of Accounting and Finance and Xfi, University of Exeter
Downloads 1,656 (8,288)
Citation 19

Abstract:

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Equity valuation, Earnings components, Accounting conservatism, Dividend irrelevance

2.

Residual Income Valuation Models and Inflation

European Accounting Review Forthcoming
Number of pages: 39 Posted: 29 May 2007 Last Revised: 05 May 2010
David J. Ashton, Ken V. Peasnell and Pengguo Wang
University of Bristol - Department of Economics, Lancaster University - Department of Accounting and Finance and Xfi, University of Exeter
Downloads 601 (34,109)
Citation 3

Abstract:

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Residual Income Models, Inflation, Equity Valuation models

3.

Valuation Weights and Accounting Conservatism

Number of pages: 32 Posted: 07 Jul 2008
David J. Ashton and Pengguo Wang
University of Bristol - Department of Economics and Xfi, University of Exeter
Downloads 381 (65,475)
Citation 3

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Accounting conservatism, Equity valuation, Book value, Residual income

4.

The Determinations of Equity Value with Stochastic Term Structure of Discount Factors

Middlesex Business School Accounting and Finance Working Paper
Number of pages: 27 Posted: 10 Mar 2002
Pengguo Wang
Xfi, University of Exeter
Downloads 331 (78,337)

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equity valuation, term structure of discount factors, earnings per share, book value per share, risk-adjustment

5.

Conservatism and the Ohlson Model

Number of pages: 38 Posted: 06 May 2010 Last Revised: 04 Jun 2010
David J. Ashton and Pengguo Wang
University of Bristol - Department of Economics and Xfi, University of Exeter
Downloads 317 (80,520)

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Accounting conservatism, Equity valuation, Residual income models, Linear information dynamics

6.

Terminal Valuations, Growth Rates and the Implied Cost of Capital

Review of Accounting Studies, Forthcoming
Number of pages: 47 Posted: 18 Dec 2010 Last Revised: 12 Oct 2012
David J. Ashton and Pengguo Wang
University of Bristol - Department of Economics and Xfi, University of Exeter
Downloads 280 (89,038)
Citation 2

Abstract:

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7.

Valuation and Conservatism

Number of pages: 36 Posted: 06 May 2010 Last Revised: 07 Jun 2010
David J. Ashton and Pengguo Wang
University of Bristol - Department of Economics and Xfi, University of Exeter
Downloads 257 (102,015)
Citation 2

Abstract:

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8.

The Impact of Hedge Accounting Rules on Enterprise Risk Management Adoption Practices by Multinationals

Number of pages: 37 Posted: 16 Mar 2011
Nottingham Trent University, Xfi, University of Exeter, University of Kent, Canterbury and University of Exeter Business School, University of Exeter
Downloads 250 (92,421)

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Enterprise Risk Management, Derivative exposure, multinationals

9.

The Role of Disaggregation of Earnings in Stock Valuation and Earnings Forecasting

Number of pages: 49 Posted: 19 Jan 2013
Pengguo Wang
Xfi, University of Exeter
Downloads 135 (167,303)

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cash flow, accruals, forecasts of earnings, stock valuation

10.

On the Relevance of Earnings Components in Valuation and Forecasting

Number of pages: 31 Posted: 18 Jan 2013
Pengguo Wang
Xfi, University of Exeter
Downloads 116 (199,462)

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valuation, forecasting, earnings components, residual income valuation model

11.

Analysts’ Optimism in Earnings Forecasts and Biases in Estimates of Implied Cost of Equity Capital and Long-Run Growth Rate

Number of pages: 60 Posted: 09 Mar 2011
David J. Ashton, Alan Gregory and Pengguo Wang
University of Bristol - Department of Economics, University of Exeter - Xfi Centre and Xfi, University of Exeter
Downloads 111 (203,186)

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Implied Cost of Capital, Analysts’ Bias

12.

Estimating Firm-Specific Implied Risk Premium

Number of pages: 46 Posted: 16 Oct 2014
Pengguo Wang
Xfi, University of Exeter
Downloads 103 (184,795)

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Expected returns, Implied risk premium, Growth, Earnings forecasts, Asset pricing test

13.

Computational Efficiency and Accuracy In the Valuation of Basket Options

Frontiers in Finance and Economics, Vol. 6, No. 1, pp. 1-25, 2009
Number of pages: 25 Posted: 13 Jun 2010
Pengguo Wang
Xfi, University of Exeter
Downloads 79 (260,693)

Abstract:

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Basket option, Bermudan option, mispricing, lognormal, simulation

14.

The Implied Growth Rates and Country Risk Premium: Evidence from Chinese Stock Markets

Review of Quantitative Finance and Accounting, Forthcoming
Number of pages: 45 Posted: 05 Apr 2014
Pengguo Wang and Wei Huang
Xfi, University of Exeter and University of Nottingham Ningbo China
Downloads 69 (230,564)

Abstract:

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Long term growth, cost of capital, country risk premium

Future Realized Return, Firm-Specific Risk and the Implied Expected Return

Number of pages: 39 Posted: 09 Mar 2017
Pengguo Wang
Xfi, University of Exeter
Downloads 65 (316,647)

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Future Realized Return, Firm‐Specific Risk and the Implied Expected Return

Abacus, Vol. 54, Issue 1, pp. 105-132, 2018
Number of pages: 28 Posted: 15 Mar 2018
Pengguo Wang
Xfi, University of Exeter
Downloads 1 (616,824)
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Earnings forecasts, Firm risk characteristics, Implied cost of capital, Implied risk premium

16.

Valuation Weights, Linear Dynamics and Accounting Conservatism: An Empirical Analysis

Journal of Business Finance & Accounting, Vol. 40, Issue 1-2, pp. 1-25, 2013
Number of pages: 25 Posted: 27 Feb 2013
David J. Ashton and Pengguo Wang
University of Bristol - Department of Economics and Xfi, University of Exeter
Downloads 1 (586,728)
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equity valuation, accounting conservatism, book value, residual income models

17.

An Improved Earnings Forecasting Model

Number of pages: 34 Posted: 29 Jun 2016
Richard D. F. Harris and Pengguo Wang
University of Exeter - Business School and Xfi, University of Exeter
Downloads 0 (159,572)

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Earnings forecasts; Cross-sectional earnings model; Bias; Earnings

18.

The Informational Role and Value Relevance of Earnings, Cash Flows, and Accruals

27th Annual Conference on Financial Economics and Accounting Paper
Number of pages: 43 Posted: 29 Jun 2016 Last Revised: 16 Sep 2016
David J. Ashton and Pengguo Wang
University of Bristol - Department of Economics and Xfi, University of Exeter
Downloads 0 (91,033)

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Stock Returns, Earnings Components, the Ball-Brown Analysis, Accrual Anomaly

19.

Conservatism in Residual Income Models: Theory and Supporting Evidence

Accounting and Business Research, 2015
Posted: 22 Jan 2015
Pengguo Wang and David J. Ashton
Xfi, University of Exeter and University of Bristol - Department of Economics

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Accounting conservatism, Equity valuation, Residual income models, Linear information dynamics

20.

The Implied Risk Premium and Firm Risk Characteristics

Number of pages: 46 Posted: 30 Jan 2013
Pengguo Wang
Xfi, University of Exeter
Downloads 0 (526,513)

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Expected returns, Implied risk premium, Growth, Earnings forecasts, Asset pricing test

21.

Pension Transparency and Idiosyncratic Risk: An Empirical Study of Debt-Equity Implications for Cost of Capital

Posted: 26 Feb 2011
Paul J. M. Klumpes and Pengguo Wang
Nottingham Trent University and Xfi, University of Exeter

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Pension Plans, Cost of Capital

22.

Multiperiod Asset Pricing in the Presence of Transaction Costs and Taxes

Lancaster University Working Paper No. 2000-02
Posted: 16 Mar 2000
Pengguo Wang and Ser-Huang Poon
Xfi, University of Exeter and University of Manchester - Manchester Business School

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