- Title
- The value relevance of financial and non-financial information: evidence from recent academic literature
- Creator
- Saha, Amitav; Bose, Sudipta
- Relation
- Value Relevance of Accounting Information in Capital Markets p. 220-243
- Relation
- Advances in Finance, Accounting and Economics
- Publisher Link
- http://dx.doi.org/10.4018/978-1-5225-1900-3.ch015
- Publisher
- IGI Global
- Resource Type
- book chapter
- Date
- 2017
- Description
- Value-relevance research is an important domain of modern capital market research. Accounting researchers have used the value-relevance research framework in many ways with the aim of measuring whether accounting information has a predicted association with equity market values. One of the most widely used models in value-relevance research is a modification of the Ohlson (1995) market valuation model in which the market value of a firm's equity is presumed to be a function of its book value of equity and abnormal earnings. Furthermore, using the Ohlson (1995) model, accounting researchers have documented the value relevance of different types of financial and non-financial information. Drawing on a selected number of recently published studies that have documented the value relevance of different types of financial and non-financial information, this chapter reviews and integrates recent findings, highlighting challenges and providing future directions for further research in this area.
- Subject
- capital market research; value-relevance research; non-financial information; accounting researchers; equity market values; Ohlson market valuation model; financial information
- Identifier
- http://hdl.handle.net/1959.13/1396242
- Identifier
- uon:34025
- Identifier
- ISBN:9781522519010
- Language
- eng
- Full Text
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