The Usefulness of Accounting Information from a Market Perspective: Evolution or Revolution in Research?
Begoña Giner Inchausti
This paper provides a literature review on capital market based accounting research during the last decade. There are various explanatory reasons for such an assignment: market based accounting research is one of the most prolific areas of accounting research judged by the attention devoted to it in the most prestigious journals in the discipline. It has a large spectrum of interest, not only in the academic world but also in society as a whole. This type of research advocated the paradigm of usefulness, which constituted a real revolution in the accounting thinking, centred on analysis of the information content of accounting data. It subsequently evolved, due to advances in methodological issues and detected anomalies in the efficient market hypothesis (that constitutes one of the bases of the paradigm), establishing a new area of research concentrating on issues of valuation.
accounting research, capital markets, information content, valuation models.
In order to set up a list of libraries that you have access to,
you must first login
or sign up.
Then set up a personal list of libraries from your profile page by
clicking on your user name at the top right of any screen.