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 research is an important domain of modern capital market research.
Accounting researchers have used the value-relevance research framework in many ways …

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 …

Value relevance research empirically investigates the usefulness of accounting information
to stock investors. Accounting information is denoted as value relevant if there is a statistical …

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 value relevance research in accounting offers robust analyses about how the market
views accounting information. Although significant work has been done to date in this …

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 …

Firms listed on European stock exchanges are required to report according to International
Financial Reporting Standards, IFRS, in their consolidated financial statements as of 2005 …

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 …

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