Value relevance of accounting information analyses the relationship between accounting information and the mar—ket-value of equity.At present,the study of the value relevance gets into trouble:the correlation is not ...Value relevance of accounting information analyses the relationship between accounting information and the mar—ket-value of equity.At present,the study of the value relevance gets into trouble:the correlation is not high;a lot of findings are inconsistent.Through literature review,this paper analyses the logical origin and evolution of value relevance,points out that there are some flaws such as tacitly treeing capital market as semi-strong eficient,investors as rational an d their beliefs as homogeneous,pm—poses an approach to improve value relevan ce of accounting inform ation,and puts forward some advices for future study of value relevan ce of accounting information and policy-making.展开更多
文摘Value relevance of accounting information analyses the relationship between accounting information and the mar—ket-value of equity.At present,the study of the value relevance gets into trouble:the correlation is not high;a lot of findings are inconsistent.Through literature review,this paper analyses the logical origin and evolution of value relevance,points out that there are some flaws such as tacitly treeing capital market as semi-strong eficient,investors as rational an d their beliefs as homogeneous,pm—poses an approach to improve value relevan ce of accounting inform ation,and puts forward some advices for future study of value relevan ce of accounting information and policy-making.
