search query: @author Amir, E. / total: 6
reference: 5 / 6
| Author: | Amir, E. Lev, B. |
| Title: | Value-relevance of nonfinancial information: the wireless communications industry |
| Journal: | Journal of Accounting & Economics
1996 : AUG-DEC, VOL. 22:1-3, p. 3-30 |
| Index terms: | ACCOUNTING ECONOMICS TELECOMMUNICATIONS INDUSTRY |
| Language: | eng |
| Abstract: | The authors examine the value-relevance to investors of financial (accounting) and nonfinancial information of independent cellular companies and find that, on a stand-alone basis, financial information (earnings, book values, and cash flows) are largely irrelevant for security valuation. Nonfinancial indicators, such as POPS ( a growth proxy) and Market Penetration (an operating performance measure), are highly value-relevant. However, combined with nonfinancial information, earnings do contribute to the explanation of prices. |
SCIMA