The Value Relevance of Financial and Non-Financial Information: Evidence from Recent Academic Literature

Value Relevance of Accounting Information in Capital Markets, https://doi.org/10.4018/978-1-5225-1900-3.ch015

29 Pages Posted: 25 Jan 2017 Last revised: 4 Jan 2021

See all articles by Amitav Saha

Amitav Saha

School of Business, The University of Notre Dame Australia

Sudipta Bose

Discipline of Accounting and Finance, Newcastle Business School, The University of Newcastle, Sydney, Australia

Date Written: January 12, 2017

Abstract

Value-relevance research is an important domain of modern capital market research. Accounting researchers have used the value-relevance research framework in many ways with the aim of measuring whether accounting information has a predicted association with equity market values. One of the most widely used models in value-relevance research is a modification of the Ohlson (1995) market valuation model in which the market value of a firm’s equity is presumed to be a function of its book value of equity and abnormal earnings. Furthermore, using the Ohlson (1995) model, accounting researchers have documented the value relevance of different types of financial and non-financial information. Drawing on a selected number of recently published studies that have documented the value relevance of different types of financial and non-financial information, this chapter reviews and integrates recent findings, highlighting challenges and providing future directions for further research in this area.

Keywords: Value Relevance, Ohlson Model, Capital Market, Financial Information, Non-financial Information.

Suggested Citation

Saha, Amitav and Bose, Sudipta, The Value Relevance of Financial and Non-Financial Information: Evidence from Recent Academic Literature (January 12, 2017). Value Relevance of Accounting Information in Capital Markets, https://doi.org/10.4018/978-1-5225-1900-3.ch015, Available at SSRN: https://ssrn.com/abstract=2903051

Amitav Saha

School of Business, The University of Notre Dame Australia ( email )

Sydney
Sydney, NSW 2000
Australia

Sudipta Bose (Contact Author)

Discipline of Accounting and Finance, Newcastle Business School, The University of Newcastle, Sydney, Australia ( email )

Sydney
Australia

HOME PAGE: http://www.newcastle.edu.au/profile/sudipta-bose

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
543
Abstract Views
2,487
rank
65,553
PlumX Metrics