文章基本信息

标题：Value-Relevance of Accounting Information An Empirical Investigation in Certain European Stock Exchanges
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作者：Yohanes Indrayono
期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2019
卷号：11
期号：9
页码：75-80
DOI：10.5539/ijef.v11n9p75
语种：English
出版社：Canadian Center of Science and Education
摘要：This study accommodates the value-relevance of accounting information based on a sample of 165 firms listed in one of the following European stock exchanged: CAC 40, BEL 20, DAX 30, FTSE MIB 40 and IBEX 35 Stock Exchanges for the period 2013-2015. This study uses information about the accounting method of recognizing the accounting value-relevance. This study applied linear analysis-regression to investigate the accounting value-relevance information on one hundred sixty-five firms during the period of three years. This study suggests that the accounting information are value-relevant on all the observed stock exchanges. Results of the study indicates that earnings per-share and book value per-share were found to partially and simultaneously affect positively the firm stock price.
关键词：value-relevance; earnings per-share; book value per-share; European stock exchanges