Accounting Information and Equity Valuation: Theory, Evidence, and Applications
Accounting Information and Equity Valuation: Theory, Evidence, and Applications
The purpose of this book is to offer a more systematic and structured
treatment of the research on accounting‐based valuation, with a primary
focus on recent theoretical developments and the resulting empirical
analyses that recognize the role of accounting information in making
managerial decisions.
Since its inception, valuation research in
accounting has evolved primarily along an “empirically driven” path. In
the absence of models constructed specifically to explain this topic,
researchers have relied on economic intuition and theories from other
disciplines (mainly finance and economics) as a basis for designing
empirical analyses and interpreting findings. Although this literature
has shed important light on the usefulness of accounting information in
capital markets, it is obvious that the lack of a rigorous theoretical
framework has hindered the establishment of a systematic and
well‐structured literature and made it difficult to probe valuation
issues in depth.
Ebook format: PDF
Ebook page: 250
File size: 3.87 MB
Ebook page: 250
File size: 3.87 MB
$40.00