ABSTRACT

Revenue is the total of money generated from a business organization operating activity. Revenue is also known as the topline figure, as it is the first line number on the income statement. Expenditures such as cost and expenses are deducted from revenue to determine the net income or net loss. Revenue has been considered a better method to value high technology firms than earnings or net income measures. The revenue per share (RPS) calculation is a revenue valuation method. Research has indicated that revenue per share is a better indicator of stock valuation than earnings per share (EPS) when performing a valuation analysis of publicly traded high technology businesses. The research seeks to discover the firm characteristics that lead to a more reliable connection between firm value, one of 629 accounting metrics.  

Keywords: revenue, revenue recognition, high tech valuation, equity valuation.

Cluster Analysis of Share Price: How Firm Characteristics Relate to Accounting Metrics

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 AAA 2020 Virtual Annual Meeting and Conference on Teaching and Learning

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