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 …

The purpose of this paper is an attempt to reach a better stock valuation model of the
Fundamental Analysis Approach, by reviewing the theoretical foundations and literature …

Accounting estimates and projections potentially improve the relevance of financial
information by providing managers a venue to convey to investors forward-looking, inside …

In this study, we examine the relation between operational efficiency1 and firm performance.
In particular, we are interested in examining whether measures of operational efficiency …

We compare the value and credit relevance of financial statements under fair-value and
smoothing (SFAS-87) models of pension accounting. While fair-value improves the credit …

This paper reconciles conflicting evidence in prior literature on the relative ability of earnings
and cash flows in predicting future cash flows. Further, we investigate the implications of …

The purpose of this paper is to empirically test the claim made by Stern Stewart & Company
that economic value added is a better metric that traditional earning based measures in …

Purpose–The purpose of this paper is to investigate the incremental value relevance of cash
flow from operations (CFO) given book value and earnings. It also examines the relative …

We investigate the market efficiency implications of firm-specific return variation measured
by absolute idiosyncratic volatility. We find that the absolute idiosyncratic volatility (the …

Purpose–The purpose of this paper is to examine and compare the relative and incremental
value‐relevance of a comprehensive set of accounting‐based measures of firm's …