Electronic Resource
Article - Review of Capital Market Research Vol. 11, No. 2 Halaman: 120–135
This paper aims to review the research of positive accounting theory and the impact of
accounting earnings on stock prices.This paper will explain the philosophy, strength, and the
stage of positive accounting theory. This paper will also discuss how do market prices reflect
all information available in full. Finally, this paper will try to explore various information and
literature studies related to the market reaction to accounting information from the standpoint
of positive accounting theory.
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