Pengguo Wang

Xfi, University of Exeter

Streatham Court

Exeter, EX4 4PU

United Kingdom

  • Xfi, University of Exeter

SCHOLARLY PAPERS

23

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CITATIONS
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29

Scholarly Papers (23)

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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
Bocconi University and Xfi, University of Exeter
Downloads 1,717 (9,051)
Citation 19

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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 679 (36,274)
Citation 3

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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 407 (69,545)
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 347 (83,799)

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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 339 (86,082)

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

6.

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 319 (92,080)

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

7.

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 312 (94,405)
Citation 2

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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
Paul J. M. Klumpes, Pengguo Wang, Liyan Tang and Abhay Abhyankar
Nottingham Trent University, Xfi, University of Exeter, affiliation not provided to SSRN and University of Exeter Business School, University of Exeter
Downloads 305 (96,685)

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Enterprise Risk Management, Derivative exposure, multinationals

9.

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 274 (108,529)
Citation 2

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10.

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 217 (137,364)

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

11.

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 166 (175,482)

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cash flow, accruals, forecasts of earnings, stock valuation

12.

Estimating Firm-Specific Implied Risk Premium

Number of pages: 46 Posted: 16 Oct 2014
Pengguo Wang
Xfi, University of Exeter
Downloads 156 (184,868)

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

13.

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 134 (209,322)

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valuation, forecasting, earnings components, residual income valuation model

14.

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 132 (211,901)

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Implied Cost of Capital, Analysts’ Bias

15.

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 122 (224,991)

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Long term growth, cost of capital, country risk premium

16.

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

Downloads 107 (247,518)

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 106 (250,608)

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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 (664,576)
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Earnings forecasts, Firm risk characteristics, Implied cost of capital, Implied risk premium

17.

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 90 (277,480)

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Basket option, Bermudan option, mispricing, lognormal, simulation

18.

The Implied Risk Premium and Firm Risk Characteristics

Number of pages: 46 Posted: 30 Jan 2013
Pengguo Wang
Xfi, University of Exeter
Downloads 19 (515,269)

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

19.

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 (632,947)
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equity valuation, accounting conservatism, book value, residual income models

20.

Model-Based Earnings Forecasts vs. Financial Analysts’ Earnings Forecasts

British Accounting Review, Forthcoming
Posted: 11 Nov 2018
Richard D. F. Harris and Pengguo Wang
University of Exeter - Business School and Xfi, University of Exeter

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Analysts’ Earnings Forecasts, Model-Based Earnings Forecasts, Forecast Horizons, Accuracy, Incremental Information, Firm Characteristics

21.

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

22.

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

23.

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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