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Capital Markets Research in Accounting

S.P. Kothari
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Journal of Accounting & Economics, Vol. 31, Nos. 1-3, September 2001

Abstract:
I review empirical research on the relation between capital markets and financial statements. The principal sources of demand for capital markets research in accounting are fundamental analysis and valuation, tests of market efficiency, and the role of accounting numbers in contracts and the political process. The capital markets research topics of current interest to researchers include tests of market efficiency with respect to accounting information, fundamental analysis, and value relevance of financial reporting. Evidence from research on these topics is likely to be helpful in capital market investment decisions, accounting standard setting, and corporate financial disclosure decisions.

Keywords: Capital markets; Financial reporting; Fundamental analysis; Valuation; Market efficiency

JEL Classifications: F00, F30, G14, G15, M41

Accepted Paper Series

Date posted: October 24, 2001 ; Last revised: November 20, 2001

Suggested Citation

Kothari, S.P., Capital Markets Research in Accounting. Journal of Accounting & Economics, Vol. 31, Nos. 1-3, September 2001. Available at SSRN: http://ssrn.com/abstract=286653

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Contact Information

S.P. Kothari (Contact Author)

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

E52-325
Cambridge, MA 02142
United States
617-253-0994 (Phone)
617-253-0603 (Fax)