Trends in Earnings, Book Value and Stock Price Relationships: An International Study

39 Pages Posted: 26 Apr 2000

See all articles by Li Li Eng

Li Li Eng

National University of Singapore (NUS) - Department of Accounting

Shengchun Li

affiliation not provided to SSRN

Yuen Teen Mak

National University of Singapore (NUS) - Department of Accounting

Date Written: December 1999

Abstract

Prior international studies that investigate the relative usefulness of accounting information have focused either on the incremental information content of earnings reconciliation, or the relative information content of accounting numbers across countries. Using a sample of 13 countries, this paper extends the literature by providing empirical evidence on whether the value relevance of accounting numbers in different countries has changed over time and whether the patterns of changes differ across countries. In particular, the study analyzes factors that may cause the differences among countries. The study finds that there are differences in value relevance of accounting information across countries, and that these differences may be explained by disclosure practices and market efficiency.

JEL Classification: M41, M45, G12, G14

Suggested Citation

Eng, Li Li and Li, Shengchun and Mak, Yuen Teen, Trends in Earnings, Book Value and Stock Price Relationships: An International Study (December 1999). Available at SSRN: https://ssrn.com/abstract=213290 or http://dx.doi.org/10.2139/ssrn.213290

Li Li Eng

National University of Singapore (NUS) - Department of Accounting ( email )

1 Business Link
Singapore, 117592
Republic of Singapore
65-8748001 (Phone)
65-7792083 (Fax)

Shengchun Li

affiliation not provided to SSRN

No Address Available

Yuen Teen Mak (Contact Author)

National University of Singapore (NUS) - Department of Accounting ( email )

BIZ2 Building, #03-32
1 Business Link
Singapore 119591
Singapore
+65 68743032 (Phone)
+ 65 67792083 (Fax)

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