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dc.contributor.authorBrimble, Mark
dc.contributor.authorHodgson, Allan
dc.date.accessioned2017-05-03T12:59:01Z
dc.date.available2017-05-03T12:59:01Z
dc.date.issued2007
dc.identifier.issn0810-5391
dc.identifier.doi10.1111/j.1467-629X.2007.00241.x
dc.identifier.urihttp://hdl.handle.net/10072/16994
dc.description.abstractThis paper examines whether the relevance of conventional (earnings focused) accounting information for valuation has declined in Australia over a recent period of 28 years. Motivation is provided by the anecdotal concerns of financial analysts, accounting regulators, and a cluster of US centric academic research papers that conclude that the relevance of financial accounting (and earnings in particular) has declined over time. After controlling for nonlinearities and stock price inefficiencies, we find that the value relevance of core accounting earnings has not declined. A possible exception is found for small stocks. We also observe that net book values are relatively less important in Australia when compared to the USA. Our results are informative for investors who require feedback on valuation issues and the International Accounting Standards Board regulators in any further moves towards a balance sheet focus.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherWiley-Blackwell Publishing Asia
dc.publisher.placeCarlton, Victoria
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom599
dc.relation.ispartofpageto622
dc.relation.ispartofissue4
dc.relation.ispartofjournalAccounting and Finance
dc.relation.ispartofvolume47
dc.rights.retentionY
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchAccounting, auditing and accountability
dc.subject.fieldofresearchBanking, finance and investment
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode3501
dc.subject.fieldofresearchcode3502
dc.titleOn the intertemporal value relevance of conventional financial accounting in Australia
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.date.issued2015-01-29T01:31:32Z
gro.hasfulltextNo Full Text
gro.griffith.authorBrimble, Mark A.


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