capital markets, financial accounting information has become more and more oriented toward the disclosure of value … intangibles, the value-relevance of accounting figures has been continuously declining. The present article analyses this paradox …, which constitutes a genuine challenge to accounting-standards -setting bodies. …

-American accounting approach. This is considered to be one of the major reasons for the obvious reluctance of countries to adopt the … international accounting standards. The importance given to the two accounting characteristics of reliability and relevance and …-American accounting philosophy. An area where this competing relationship between relevance and reliabitlity becomes highly obvious is in …

firms, and shows that, in small and medium-size business, performance measurement systems do not usually apply the balanced …

structure of the accounting research. …