haku: @freeterm Impact analysis / yhteensä: 10
viite: 6 / 10
| Tekijä: | Frank, K. |
| Otsikko: | The effect of growth on the value relevance of accounting data |
| Lehti: | Journal of Business Research
2002 : JAN, VOL. 55:1, p. 69-78 |
| Asiasana: | Accounting Policy Stock markets Prices Companies Growth Financial statements Models USA |
| Vapaa asiasana: | Impact analysis |
| Kieli: | eng |
| Tiivistelmä: | The degree to which accounting data is useful for valuation purposes and how this relevance may vary across firms is of considerably interest to the financial reporting community. This paper examines the relationship btw. accounting information and security price across firm growth. A sample of 6164 observations is sorted into 5 growth portfolios based on analyst forecasts. The value relevance of accounting data is found to be significantly higher for low-growth firms relative to high-growth firms. This finding suggests that growth has a negative impact on the value relevance of accounting information. |
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