The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
The Value Relevance of Financial and Non-Financial Information: Evidence from Recent Academic Literature
|
Author(s): Amitav Saha (The University of Notre Dame Australia, Australia)and Sudipta Bose (The University of Newcastle, Australia)
Copyright: 2017
Pages: 26
Source title:
Value Relevance of Accounting Information in Capital Markets
Source Author(s)/Editor(s): Marianne Ojo (George Mason University, USA)and Jeanette Van Akkeren (QUT School of Accountancy, Australia)
DOI: 10.4018/978-1-5225-1900-3.ch015
Purchase
|
Abstract
Value-relevance research is an important domain of modern capital market research. Accounting researchers have used the value-relevance research framework in many ways with the aim of measuring whether accounting information has a predicted association with equity market values. One of the most widely used models in value-relevance research is a modification of the Ohlson (1995) market valuation model in which the market value of a firm's equity is presumed to be a function of its book value of equity and abnormal earnings. Furthermore, using the Ohlson (1995) model, accounting researchers have documented the value relevance of different types of financial and non-financial information. Drawing on a selected number of recently published studies that have documented the value relevance of different types of financial and non-financial information, this chapter reviews and integrates recent findings, highlighting challenges and providing future directions for further research in this area.
Related Content
V. V. Devi Prasad Kotni, Sujit Kumar Patra, Sunil Kumar.
© 2024.
21 pages.
|
Adekunle Alexander Balogun, Gbenga Olorunmade.
© 2024.
15 pages.
|
Ashwani Sharma, Nitpal Singh Rathod.
© 2024.
15 pages.
|
Peterson K. Ozili.
© 2024.
11 pages.
|
Yusuf Olatunji Oyedeko, Adesola Trust Gbadebo.
© 2024.
15 pages.
|
Oladapo Fepetu, Pelumi Abdulmalik Adewumi.
© 2024.
21 pages.
|
Rifkatu Nghargbu.
© 2024.
16 pages.
|
|
|