Recently, a growing body of literature has created a widespread impression that financial
statements have lost their value-relevance because of a shift from traditional capital …

Recently, a growing body of literature has created a widespread impression that financial
statements have lost their value-relevance because of a shift from traditional capital …

The dissertation consists of five independent essays on the value relevance of accounting
information. Value relevance is defined as the ability of financial statement information to …

It has been claimed that accounting information is losing relevance over time as firms
increasingly rely on resources that cannot be capitalized under the existing accounting …

Macroeconomic instability may increase the probability of default and accelerated to
financial collapse, which consequently have an impact on value relevance of accounting …

Many studies evaluate the impact of accounting information on price. This study, based on
Collins, Maydew, and Weiss (1997), examines the disparity in the impact of book value and …

Ohlson (1995) models firm value as a function of book value, earnings, and analysts'
earnings forecasts which capture “other” information not yet reflected in the financial …

The Global Financial Crisis of 2007–2008, and the subsequent global economic downturn,
has heightened the need for research on whether the value‐relevance of accounting …

The Karachi Stock Exchange (KSE) has consistently outperformed better known emerging
markets like Brazil, India and China over the past decade. However, some economists …

Accounting researchers have long been intrigued by the relation between accounting data,
which periodically summarize a firm's business operations, and firm value, which investors …