haku: @author Elgers, P. / yhteensä: 3
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| Tekijä: | Rees, L. Elgers, P. |
| Otsikko: | The market's valuation of nonreported accounting measures: Retrospective reconciliations of non-U.S. and U.S. GAAP |
| Lehti: | Journal of Accounting Research
1997 : SPRING, VOL. 35:1, p. 115-127 |
| Asiasana: | VALUATION SHARES SHAREHOLDERS |
| Kieli: | eng |
| Tiivistelmä: | The value relevance of 20-F reconciliations of shareholders equity is evaluated in this article by using retrospective reconciliations provided when a non-U.S. firm files an initial registration statement with the SEC. The results indicate that market-to-book ratios are associated with the shareholders' equity reconciliations disclosed in the registration statement. This implies that at least some of the value-relevant information in the SEC-mandated disclosures is available to the market from other sources. All of the value-relevant information captured in the reconciliation is fully impounded in prices prior to it's disclosure. |
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