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Value relevance of accounting information: an emerging country perspective
16 references·7 citing·31 second hop
Value relevance of accounting information: an emerging country perspective (2018)Value relevance of accounting information…The relevance of the value-relevance literature for financial accounting standard setting (2001)The relevance of the value-re…Capital markets research in accounting (2001)Capital markets research in a…The Relevance of the Value Relevance Literature for Financial Accounting Standard Setting (2000)The Relevance of the Value Re…Use of R2 in accounting research: measuring changes in value relevance over the last four decades (1999)Use of R2 in accounting resea…The Boundaries of Financial Reporting and How to Extend Them (1999)The Boundaries of Financial R…Have Financial Statements Lost Their Relevance? (1999)Have Financial Statements Los…Equity Valuation and Negative Earnings: The Role of Book Value of Equity (1999)Equity Valuation and Negative…Relative valuation roles of equity book value and net income as a function of financial health (1998)Relative valuation roles of e…Changes in the value-relevance of earnings and book values over the past forty years (1997)Changes in the value-relevanc…The information content of losses (1995)The information content of lo…Price and return models (1995)Price and return modelsEarnings, Book Values, and Dividends in Equity Valuation* (1995)Earnings, Book Values, and Di…Earnings Asan Explanatory Variable for Returns (1991)Earnings Asan Explanatory Var…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…Corporate performance modeling through disclosure quality at the level of developing countries in Southeast Asia (2024)Corporate performance modelin…Value relevance of accounting earnings and cash flows in a transition economy: the case of Serbia (2022)Value relevance of accounting…IFRS adoption and value relevance of accounting information in the V4 region (2022)IFRS adoption and value relev…The impact of IFRS adoption on the value relevance of accounting information in Saudi Arabia (2021)The impact of IFRS adoption o…Sustainability reporting or integrated reporting: which one is valuable for investors? (2021)Sustainability reporting or i…IFRS convergence and accounting quality: India a case study (2021)IFRS convergence and accounti…Value relevance of financial reporting: Evidence from Malaysia (2019)Value relevance of financial …The conservatism principle and the asymmetric timeliness of earnings1 (1997)The effect of international institutional factors on properties of accounting earnings (2000)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Using daily stock returns (1985)Efficient Capital Markets: II (1991)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)The Theory and Measurement of Business Income (1961)Valuation and Clean Surplus Accounting for Operating and Financial Activities* (1995)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)On Persistence in Mutual Fund Performance (1997)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Users of the world, unite! The challenges and opportunities of Social Media (2009)Positive Accounting Theory (1985)Earnings management to avoid earnings decreases and losses (1997)Conservatism in Accounting Part I: Explanations and Implications (2003)Judgment under Uncertainty: Heuristics and Biases (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Investor Inattention and Friday Earnings Announcements (2009)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The financial reporting environment: Review of the recent literature (2010)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Costs of Equity and Earnings Attributes (2004)Earnings Management through Real Activities Manipulation (2003)
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References

  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*15,723 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1995Earnings, Book Values, and Dividends in Equity Valuation*5,061 cited
  • 2001Capital markets research in accounting2,575 cited
  • 1995The information content of losses2,315 cited
  • 1999The Boundaries of Financial Reporting and How to Extend Them1,930 cited
  • 1999Have Financial Statements Lost Their Relevance?1,917 cited
  • 1997Changes in the value-relevance of earnings and book values over the past forty years1,788 cited
  • 2001The relevance of the value-relevance literature for financial accounting standard setting1,741 cited
  • 1991Earnings Asan Explanatory Variable for Returns1,017 cited
  • 1998Relative valuation roles of equity book value and net income as a function of financial health897 cited
  • 1999Equity Valuation and Negative Earnings: The Role of Book Value of Equity745 cited
  • 1999Use of R2 in accounting research: measuring changes in value relevance over the last four decades734 cited
  • 1995Price and return models691 cited

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  • 2000The Relevance of the Value Relevance Literature for Financial Accounting Standard Setting533 cited
  • Cited by

    • 2021IFRS convergence and accounting quality: India a case study65 cited
    • 2021Sustainability reporting or integrated reporting: which one is valuable for investors?50 cited
    • 2019Value relevance of financial reporting: Evidence from Malaysia45 cited
    • 2021The impact of IFRS adoption on the value relevance of accounting information in Saudi Arabia37 cited
    • 2024Corporate performance modeling through disclosure quality at the level of developing countries in Southeast Asia24 cited
    • 2022IFRS adoption and value relevance of accounting information in the V4 region23 cited
    • 2022Value relevance of accounting earnings and cash flows in a transition economy: the case of Serbia14 cited