文章基本信息

标题：Fair Value Accounting and Market Reaction: Evidence from Romanian Listed Companies
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作者：Iuliana Georgescu ; Iuliana Georgescu ; Leontina Păvăloaia 等
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2014
卷号：143
页码：827-831
DOI：10.1016/j.sbspro.2014.07.484
语种：English
出版社：Elsevier
摘要：AbstractThe quality of the accounting information is determined by its capacity to capture the reality regarding the financial position and performance of the company by confronting the interested parts. On the stock exchange, the quality of the accounting information seen from the credibility point of view can be evaluated through the influence of the results in the financial statements on the market value of the company. The objective of this study is to estimate and test the existence of an influence of the accounting information on the market value, based on the multiple linear regressions. The analyzed sample contains 64 BSE listed companies, between 2010 and 2011, for which data has been collected from the annual and interim financial statements. The results of the study show that the accounting information in the interim financial statements have a greater influence on themarket valuecompared to the information in the annual financial statements.
关键词：Fair value;accounting information;book value;earnings;market value ;