A group of single-practitioner accountants were surveyed to determine their attitudes toward risk in some realistic business decision scenarios. They were found to confirm to findings earlier in classic studies by Williams. Some implications for the underwriters of accountants’ professional...

Recent research has generated renewed interest in the relation between accounting information and stock returns. Ou and Penman (1989) develop a trading strategy based on financial statement analysis. Fama and French (1992) conclude that firm size and book-to-market equity explain variability in...