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 …

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 …

In this paper, I develop a structural model to study the usefulness of quarterly earnings to
firm stakeholders when making decisions that require them to assess firms' values. In the …

This study examines the effect of the degree of association between current earnings and
expected future earnings on the relative importance of earnings and book value for …

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 …

Previous studies on the value relevance of accounting information adopt Ohlson's linear
information dynamics which, if 'other information'is ignored, leads to a theoretical valuation …

This paper investigates the impact of earnings management on value relevance of
accounting information in the context of Japan. Researchers carrying out earnings …