Electronic Resource
Article - Capital markets research in accounting Vol. 31, Issues 1–3 Halaman: 105–231
I review empirical research on the relation between capital markets and financial
statements.The principal sources of demand for capital markets research in accounting
are fundamental analysis and valuation, tests of market efficiency, and the role of
accounting numbers in contracts and the political process.The capital markets research
topics of current interest to researchers include tests of market efficiency with respect to
accounting information, fundamental analysis, and value relevance of financial
reporting.Evidence from research on these topics is likely to be helpful in capital
market investment decisions, accounting standard setting, and corporate financial
disclosure decisions. r 2001 Elsevier Science B.V. All rights reserved.
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