The usefulness of accounting information to stock investors is measured through value
relevance studies. Value relevance studies typically apply multiple regression analysis to …

Background and problem: The research field of value relevance examines the relationship
between stock prices and accounting information. It is comprehensive and constitutes a …

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 …

Value relevance explains the relationship between accounting information and price or
return of stocks. Value relevance studies measure usefulness of accounting information from …

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

Accounting provides a vital service to broad and diverse users. Investors use financial
accounting information for investment decisions; government agencies need it particularly …

Based on financial reporting and stock market information for 13,768 firms in 23 countries
over the period 1995–1999, we perform a comparative analysis of the value relevance of …

This study investigates the importance of accounting for the sign of earnings as well as
disaggregating earnings in empirical value relevance research. The paper presents …

Relevance of accounting earnings for market value of companies has been subject to
numerous empirical studies, which generally support the hypothesis of value relevance in …

In the last forty years much have been said and written about the relation between capital
markets and financial statements. In the cradle of capital market research in the late sixties …