The Information Value of the Annual Earnings Report

25 Pages Posted: 13 Aug 2012  

Ray Ball

University of Chicago - Accounting

Philip R. Brown

UWA Business School, M250; Financial Research Network (FIRN)

Date Written: October 1, 1967

Abstract

This working paper is the first draft of our co-authored publication, "An Empirical Evaluation of Accounting Income Numbers," Journal of Accounting Research 6, 1968, pp.159-78. While undated, it subsequently was presented at the November 1967 Seminar on the Analysis of Security Prices organized by the Center for Research in Security Prices (CRSP) at the University of Chicago. It was included in the November 1967 Proceedings of the Seminar on the Analysis of Security Prices.

In 1986, the published version received American Accounting Association’s inaugural award for Seminal Contributions to the Accounting Literature. Interest in the historical development of the paper was rekindled by the American Accounting Association appointing the authors as its 2012 co-Presidential Scholars and organizing a Plenary Session entitled “Ball & Brown [1968]: A Seed That Made a Difference” at its 2012 Annual Meeting in Washington, D.C.

Keywords: Earnings, Share prices, Event Study

JEL Classification: G14, M41

Suggested Citation

Ball, Ray and Brown, Philip R., The Information Value of the Annual Earnings Report (October 1, 1967). Available at SSRN: https://ssrn.com/abstract=2128616 or http://dx.doi.org/10.2139/ssrn.2128616

Ray Ball (Contact Author)

University of Chicago - Accounting ( email )

Philip R. Brown

UWA Business School, M250 ( email )

Crawley, Western Australia 6009
Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: http://www.firn.org.au

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